While Flaherty Spends $122k on a Speech, Canada Goes into Deficit

Nice. Some of us wrote about this after the GST slash. Economic forecasters never had a doubt in their minds. But, now, we start to hear in detail how the deficit is about to hit us.

So what does Maverick Jim Flaherty, the king of deficit financing, have to say about it? At lunch in New York today he had this to say. Adda boy Jimmy. No need to be alarmed people. Don't look behind the curtain.

Somebody is going to lost their seat in the next election...and I think Jimmy boy is that somebody.