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Latest figures: Canadian budget in surplus beyond wildest expectations; Dion, Layton in high dudgeon

Liberal Frenchman Stephane (the “Green Guru”) Dion and the leader of the socialist tax-and-spend-to-oblivion you’ve got to be kidding party, Jack Layton, will both be wearing their sad faces today, as they suddenly deflect attention away from the Canadian economy on news it is outperforming expectations.  Otherwise it erodes their mendacious mantra that Conservatives, for reasons of “DNA” (  ©2008 Stephane the genetics guru Dion) can’t manage the economy —you know, like good socialists and Marxists. 

The Liberals and “New” Democratic Party minions have all been

praying

(as if) —wishing for and talking up a massive recession for our country and deceitfully foretelling a yummy made-by-Conservatives deficit, in order to get votes.  It’s one of their “principles”. 

So this is dour for them.  Terrible news. 

But there’s a downside:  The “Conservative” Party still isn’t cutting spending.  And spending must be cut dramatically for the sake of our country.  And government meddling in the free market must be curtailed.  And social engineering projects must be prohibited.  And the size and scope of government whacked by a large order of magnitude. 

Ottawa tops yearly budget surplus projections

Updated Fri. Sep. 26 2008 1:01 PM ET
The Canadian Press

OTTAWA—The federal government is on track to amass another impressive surplus this year, perhaps larger than anyone thought possible amid a slowing economy.

The Finance Department reported Friday the government took in $1.7 billion more than it spent in July, bringing the surplus for the first four months of this fiscal year to $2.9 billion.

That is already above the $2.3 billion Finance Minister Jim Flaherty had projected for the entire fiscal year that ends next March 31.

[…]

The department said revenues were up $1.7 billion in July, or 8.4 per cent. Personal income tax revenues rose 8.5 per cent, while corporate tax revenues ballooned to 15.7 per cent.

Meanwhile, program spending increased $1.1 billion, or 6.9 per cent.

 

Joel Johannesen
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