In the 2015 federal election campaign, the Liberals said they would run “small” deficits for three years, before returning to a balanced budget.
That promise was broken almost immediately, with the deficits far exceeding what the Liberals had promised, and with no plan whatsoever to return to balance.
Then, the Liberals responded to the covid-19 pandemic by pushing for draconian lockdowns, while extending support programs long-beyond the initial crisis.
The result was the largest budget deficit in Canadian history, and long-term projections of red ink as far as the eye can see.
