Author Topic: Government Day-to-Day  (Read 54097 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #225 on: February 14, 2020, 11:36:35 am »
Mulroney added more debt than that during his first 6 years in office before the 1991 recession.

True but the eighties also had the highest global interest rates in history, we now have the lowest.. One result was Chretien and Martin made major changes in transfers putting more burden on provinces for things such as health care. Right now JT is on track to add about the same amount to the debt as his father, who had the 81 recession to contend with.

In his first four years, Mulroney added a bit less than PET in his last four. In his year as PM, Joe Clark actually added less than either of them did in any year they were in office. His minority government got turfed from office because he wanted to increase fuel taxes. Now we have a carbon tax.
« Last Edit: February 14, 2020, 12:06:52 pm by wilber »
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