(This column originally appeared in the Toronto Sun on March 6th, 2017)
In the 2015 election, Justin Trudeau’s Liberals campaigned on a simple fiscal plan. You could like it or not (and we at the Canadian Taxpayers Federation certainly did not) but at least it had the benefit of clarity: if elected, they would run three years of “modest” deficits, which in their interpretation meant no more than $10 billion in the first year and less in the next two, followed by a return to balance.