And the privatization of Petro-Canada and it's subsequent public sale had nothing to do with the economy while PM Chrétien was in office?<quoted text>
Be patient, Rogue, I already answered the above, too long a reply as usual, but I hit the "Post comment" key and poof, nothing. Lost. Damn Topix is censoring me before even reading my post!! Just kidding, some kink somewhere I guess. I will just resume my too-long reply from memory.
Yes, Chrétien the Liberal sold the Chinooks.
Yes, Chrétien inherited the biggest deficit ever on record from the Conservative (read : Republican equivalent) gov't,$45 billion, and 7 successive ones before that.
Chrétien had to cut somewhere. He had choices, social security and health care or the military. He cut the military. Good for him, as spending taxpayers' money to save people, he figured, trumped military spending.
After 12 years, Chrétien and his successor Paul Martin created 6 successive surpluses, and the national debt was greatly, and I mean greatly reduced. In come the "small gov't" "non-deficit conservatives, 2006, and to imitate his hero GWB, our Prime Minister, Stephen Harper, immediately squanders all surpluses and comes up with a huge, and I mean huge deficit, understated at least five times. He's been PM six years now, has produced 5 deficits in a row and going strong.
Health care, social security, ahead of military spending. YES. Otherwise, you have all those weapons and nothing to defend, like the USSR in 1989.
From Wiki: In his 2004 federal budget, Finance Minister Ralph Goodale pledged to sell the government's remaining stake in the company and by the end of the year it had sold its 19% stake, 49 million shares in all, for net proceeds of $3.2 billion.