Liberal Promises Tip the Scale at $80 billion

According to the National Post, Liberal campaign promises have topped the $80 billion mark. That's $80 billion in additional spending on top of what the government currently sends out. Comparatively, the Conservatives have promised $2 billion and the NDP $16 billion. Liberal spending promises work out to be roughly an additional $2484 per Canadian. The big question is where the Liberals are going to get that money. The carbon tax is starting to make more sense now. While Keynesian economics states its a good idea to spend during hard economic times, you can't spend money you don't have and you can't take more money from people who don't have it. Of course that's assuming the Liberals would follow through on their promises, which I seriously doubt they would. Canadians couldn't afford the tax hike to pay for it, meaning that the country would likely be put further into debt and deficit by these plans. Who says the environment wouldn't put heavy costs on our economy.

The desparity between the other two parties and the Liberals is also worth noting. The Liberals are promising 5 times the spending than the their next closest rival. Do the NDP and the Conservatives know something they don't? Yep, it's that the government can't afford it. I wonder how long it will be before Dion uses the McGuinty defence when he has to break promises and raise income and corporate taxes.

Source: National Post