Opinion: NDP, Liberals and Tories are all peddling fiscal fantasies
About the best thing that can be said of the New Democratic Party’s fiscal plan is that it concedes there is no free lunch.
The NDP’s costed platform, released with barely a week to go in the federal election campaign, is upfront about the reality that its plan to spend an additional $214-billion over the next five years is contingent on some Canadians paying much higher taxes.
Yet, even by going all-in on soaking the rich, the NDP plan would still increase the deficit by almost $50-billion by 2026. And that is only if you buy the idea that an NDP government led by Jagmeet Singh could control its spending and that its efforts to squeeze the wealthy would not depress investment and growth.
“New Democrats would manage debt and …
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