Remember when you had to balance a budget to get elected in Canada?
It was the highest form of economic stewardship in the late 1990s and for at least the first decade of the new millennium. The idea was so entrenched that even Thomas Mulcair’s New Democratic Party thought it had to promise a surplus to beat Stephen Harper’s Conservatives in the 2015 election.
The NDP won’t be making that mistake again. “I think maybe it’s no longer a big issue,” New Democratic leader Jagmeet Singh told journalist Paul Wells in front of an audience in Ottawa earlier this month. Wells had asked Mulcair’s replacement whether the closest thing Canada has to a socialist party still thought balanced budgets were crucial. “I’m opposed to austerity in all its forms,” Singh said.
Continue reading at the Financial Post ...