Jim Stanford reports that the Bush government will accumulate over $3,000 in new debt next year alone, for every woman, man and child in the United. States. This is twice as much as the highest-ever deficit in Canada which worked out to $1,450 per person in 1993. Why, he asks, does the international financial community not complain about deficits that right-wing governments create by giving tax-cuts to the rich.
“If a government goes into deficit to support EI benefits or social programs, financiers experience paroxysms of alarm. But if a government goes even deeper into deficit to put more money into the pockets of financial investors well, thats a deficit the Street can learn to love.” Jim Stanford, CAW “How Conservatives Learned to Stop Worrying and Love the Deficit”, Facts from the Fringe
“If a government goes into deficit to support EI benefits or social programs, financiers experience paroxysms of alarm. But if a government goes even deeper into deficit to put more money into the pockets of financial investors well, thats a deficit the Street can learn to love.” Jim Stanford, CAW “How Conservatives Learned to Stop Worrying and Love the Deficit”, Facts from the Fringe