Tuesday, May 10, 2011

harpercon Majority Won't Be As Bad As Liberal Majority?

At least in some respects. So says Erin Weir:
Chretien slashed federal program spending, as a share of GDP, from 16.8% in 1993-94 (when he took office) to 12.7% in 2003-04 (when he resigned).

From peak to trough, it plummeted from 17.4% in 1992-93 to 12.1% in 1999-00 and 2000-01. Depending on which comparison one prefers, the Liberal majority slashed federal program spending by 4.1% or 5.3% of GDP.

The last Conservative budget (see Table 5.6), which Harper will now enact, projects cuts from 14.4% this fiscal year to 12.9% in 2015-16. The recent stimulus-boosted peak was 16.0% in 2009-10. The same two comparisons indicate that the Conservative majority is poised to cut federal program spending by 1.5% or 3.1% of GDP.

Of course, the Conservatives are free to cut more in future budgets. However, they would have to go much further to match the depth of Liberal cuts. Indeed, it is an open question whether Harper will even touch the minimum level of federal program spending reached by Chretien (12.1% of GDP).

Oh, yeah. And in keeping with the blogging style of the psychotic hack at "Eugene Forsey Liberal", ... all Liberal voters are responsible for all the homeless deaths, First Nations peoples' suicides, and murdered Afghan and Haitian peasants. That goes double for you bloggers. You're all moral and intellectual cowards.

You can thank Mr. "Eugene Forsey Liberal" for that excursion into the absolute gutter.

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