This is why they brought on the HST
Worst Fudge-it Budget Proven, but Free Ride from Media
On Thursday we learned Campbell's Liberals ran for election on an impossible budget promise that inflated tax revenues by $2.1 billion. Why is media selling this as good news?
By Will McMartin
http://goto.thetyee.ca/t?ctl=166AC1E:01C07E6214D807F9797436BE32ED3FAF8F7D795DAFB9E650&
Monday, July 12, 2010
You gotta stop reading that left wing rag! They are amazing at turning a positive into a negative!
If the government inflated revenues by $2.1 billion, wouldn't their shortfall (deficit) be higher than they projected? It was actually almost $1 billion less than projected.
If I told you at the beginning of the year that I was going to make $100,000 this year and I was going to spend $105,000, then at the end of the year I should have a shortfall of $5000. If at the end of the year I provided an accounting that showed you that my deficit shortfall was only $2000, you would probably say good for you, nice work!
However along comes the Tyee and reports that I said I was going to make $100,000 but that I over estimated my income and only made $80,000 for the last year. They say I mislead everyone because my actual income was less than my projected income! Why didn't they rather focus on the fact my deficit is smaller than I projected in spite of the fact my revenue was $20,000 less than I had projected?
The reason is that they are a left wing rag that reports what the NDP asks them to report as opposed to giving the public an objective report!