If only a quarter of the federal Tories’ so-called stimulus spending on infrastructure has been spent now that we’re out of recession, it’s pretty clear the Harper government’s decision to plunge Canada into record debt levels was a huge mistake.

Canada’s budget officer Kevin Page released a report Monday that shows only about 25% of a $4-billion stimulus spending package has actually been spent.

While the remaining $3 billion has been committed to various infrastructure projects, the money has not been released.

Which means Canada’s economic recovery had less to do with government “stimulus” spending and far more to do with private industry climbing back out of a hole after a global recession.

Prime Minister Stephen Harper has long insisted that plunging Canadians deep into debt by posting successive years of multi-billion deficits was necessary for Canada to dig its way out of recession.

Nonsense.

Markets dig themselves out of recessions when industry responds to growing demands for goods and services locally and around the world.

A Statistics Canada report released earlier this year also cited factors such as growing consumer spending in 2008 and 2009, a strong banking sector and continued demand for Canada’s natural resources as chief reasons for Canada’s economic recovery.

Government spending had very little to do with it.

Full Article Here:
http://www.winnipegsun.com/news/columnists/tom_brodbeck/2010/08/09/14974006.html

Good information on By George Journal ” Facts about Canada Day . As I have read other online views on the same I think the details are well reflected on this.It was a good way of spending evening on Monday . I’ll visit again to read more on this webs…

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