An interesting graph
November 24th, 2006
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Along with a commitment to eliminate the federal debt by 2025, this graph which shows federal government revenue as a percentage of GDP suggests that the Conservatives are willing to walk the fiscal responsibility walk. I am never thrilled with items expressed as a percentage of GDP simply because they can be manipulated at the margins and can allow the government to take credit for fiscal probity when the actual driver is a growing economy; but the mere fact that Flaherty is willing to publish such a graph strongly suggests a commitment to reducing the overall size of the federal government.
You’re misunderstanding the “eliminate the debt” declaration in the fiscal update….. or else I am. More here:
http://www.boundbygravity.com/archives/2006/11/what_the_heck_is_net_debt.php
Creative scaling of the vertical axis, though.
Congratulations on fixing the comments! My only observation is that it is interesting that the Tory policy in this respect appears to be continuing the Grit policy in this respect. Surely we must all agree!
What the hell happened to my income splitting?