Re: The Budget Will Balance Itself, Mark Carney, Cons

With Justin Trudeau stepping down in January as leader of the Liberal Party of Canada, and with that party picking a new leader, and therefore a new prime minister, I thought it was time to give a particular piece of mine from 2019 a final post.

Before I do that, however, I must note that Conservatives here are now freaking out over Prime Minister Mark Carney. It's rather surprising given the fact that the former Governor to both the Bank of Canada and the Bank of England made it known, before he was even voted-in as new LPC leader, that he was going to eliminate or dial back the infamous Carbon Tax. Conservatives are still upset, which is odd given the fact that Mr Carney officially put the special and "dividing" tax officially on hold yesterday. The leader of the Conservative Party of Canada, Pierre Poilievre, rattled and steamed incessantly with his mindless cackles of "Axe the Tax". He has now been effectively neutralized by Mark Carney's initiative. Nevertheless, Cons like to freak out — it gives them something to do, I suppose. (They think that Mark Carney was "installed". How silly and sloppy of me for forgetting that... "fact".) How do they even get through the day? Oh well, perhaps it's a vital and much-needed discussion for another day.

Here's the vital and evergreen piece in question that I posted on October 6, 2019....

... The Budget Will Balance Itself - The Partial Quote

Canadian prime minister Justin Trudeau gets some people going. A frequent attack on the PM is the very selective extraction of a certain quote by him; a line from a greater idea. This method is commonly referred to as "quote mining". (Out of context.)

In fact, Mr Trudeau was speaking about the Stephen Harper government's inability to present a strategy to stimulate economic growth. Economists disagree with one another to various degrees on how much such growth leads down the line to less government expenditures. The theory is that increased government revenues through taxation rolls ultimately to a decreased demand for outlays to departments such as employment insurance and welfare. Part of the PM's platform was to support infrastructure building, which hopefully would get the ball rolling and help lead to the above.

The original quote:

"The commitment needs to be a commitment to grow the economy and the budget will balance itself."

In its proper context the idea doesn't sound so harebrained.