Re:Toronto swaps Google-backed, not-so-smart city plans for ...
by otoburb on Saturday March 13, 2021 @03:04PM
(#26449503)
>>They stopped making them in 1993 because the incoming Liberal government adopted an incredible deficit slaying austerity approach which was in vogue at the time.
What was "in vogue" at the time was a Conservative (sic) Mulroney government routinely outspending revenues resulting in Canada's federal debt crisis in the early 90s[1][2] which helped usher in the Cretian government and Paul Martin's austerity measures. I think the austerity measures helped put Canada back on track.
What was "in vogue" at the time was a Conservative (sic) Mulroney government routinely outspending revenues resulting in Canada's federal debt crisis in the early 90s[1][2] which helped usher in the Cretian government and Paul Martin's austerity measures. I think the austerity measures helped put Canada back on track.
[1] https://tradingeconomics.com/canada/government-debt-to-gdp
[2] https://www.fraserinstitute.org/sites/default/files/federal-...