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The Parliamentary Budget Office contradicts the Conservatives (yet again)…

…this time over the issue of whether our deficit we’ve acquired is a temporary thing that will disappear once good economic times come back (the Conservative government/ Jim Flaherty/ Stephen Harper’s view) or whether this is a “structural” permanent deficit that will have to be dealt with. The independent Parliamentary Budget Office led by Kevin Page believes it to be the latter.. and it bluntly states there are 2 options to get rid of it:

The independent Parliamentary Budget Office says the federal government is now running a permanent deficit that can only be eliminated by raising taxes or cutting spending. That contradicts the view of the federal government, which […]

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