"We are not facing a deficit," Flaherty said after a speech to the Canadian Association of New York at the New York Yacht Club. Jim Flaherty April 24, 2008
"If we have to run a deficit, we'll run a deficit." Jim Flaherty November 19, 2008
Conservatives drained coffers: Watchdog
Budget officer Kevin Page concluded the federal Conservatives are likely to run budget deficits "in the near term," possibly beginning this year, and that the fault lies as much with Finance Minister Jim Flaherty as it does with the weak economy. Page's report projects a budget deficit of $3.9 billion in 2009-10. But it adds that, if the economic downturn proves worse than expected, next year's federal deficit could hit $14 billion.
Canadians have lost billions because of bad Conservative policy. None of this is new. October 8, 2007
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