Go green or go broke — the Liberals’ new budget does both – by Rex Murphy (National Post – March 30, 2023)


In politics, budgets are screenplays for movies that will never get made

Budgets, like Bidens, bore me. Like another in the fellowship of the great minds of our day, I pay no attention to monetary policy. Or to fiscal policy. And what is a budget but a massive tool of that latter? Budgets get as much attention from “communications advisers” — the most empty phrase and occupation of our time — as they do from … people who might know something about the economy. Most likely more. Besides, budgetary promises do not stand up in time, at all.

You want an example? Recall. In 2015, Justin Trudeau “looked straight at Canadians” (his phrase) and in that soft, hushed, mellow tone he struggles to adopt when he’s about to burst from the magma force of his urgent sincerity, promised — “being honest the way I always have” — that by 2019 (four years back for those who are counting), Canada would have a “balanced budget.”

Balanced. By 2019. Zero deficit. It is now in the year of our Lord 2023. And our Canadian deficit is an admirable — impressive by the finest standards — more than $40 billion. Four years off target. Forty billion plus in the red. And the national debt — well that’s on a rocket somewhere far up in space.

So pay no attention to budgets. In politics, they are screenplays for movies that will never get made. Kind of like “tree-planting ” boasts (two billion promised, 10 million planted), if you want another example.

For the rest of this article: https://nationalpost.com/opinion/go-green-or-go-broke-the-liberals-new-budget-does-both