Friday, October 8, 2010

Gordon Campbell: It's time to spend...

In the Globe and Mail - BC Edition, BC Premier Gordon Campbell says it's time to spend while interest rates are low

See the article here

But I would like to note a few things:

1) Isn't it hypocritical to spend when you previously said you'd eliminate the deficit first before taking on more debt

2) Bank of Canada Governor Mark Carney has chided Canadians for their debt-to-income level ($1.00 income - $1.47 debt).  Shouldn't we heed Mr. Carney's advice

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