\u0027Voters have been spun, or flat\u002Dout lied to, so many times that the budgetary credibility gap is bigger than Canada’s debt\u0027
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If a majority of voters can recall a single salient factoid about this week’s federal budget – Freeland making some cuts, Freeland raising taxes – it’ll be a political miracle.In Western democracies, everywhere, budgets are falling victims to what experts call the “fiscal illusion.”Article content Which tells you that governments are literally expressing debts, deficits and dollars in a way that most folks don’t comprehend.Going back to the Jean Chrétien/Paul Martin era – which was the last time, notably, that Ottawa actually made the cuts that needed to be made – the numbers that seep out of the Department of Finance, pre-budget, are often wrong.
One of them was the collapse of consensus about certain basic truths – ie., public health is good, vaccines work, etc.
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