2009 Budget

Earlier today the 2009 federal budget was released after the house of commons was suspended six weeks ago. Minister of finance, Jim Flaherty, said many things as to the deficit that the Harper is going to run. In the budget the main things include: $85 billion dollar deficit in the next 5 years, $20 billion in personal tax cuts, Improved financing for Consumers and businesses for support up to $200 billion. Also there will be $12 billion for infrastructure, and 2 billion for "green" infrastructure and clean energy research. $7.8 billion will be spent on a new renovation tax credit and households are eligible for up to $1,350 a year and $2.7 billion spent on short term loans to the auto industry. In this budget there is a bit of everything, but it is the opposite of what the conservatives were thinking of doing before the election. 2009 is going to be in interesting year for the financial side of Canada and it will be interesting to see what will happen.

When I first saw some of these numbers I was in aw on how big they were but after you divide them by 32 million it starts to seem like allot less. There is something for everyone in this Budget but I don't know how both the NDP's and the Liberals will agree to it. It is not what either of them wanted although the liberals did like the Social policies. After 6 months the conservatives could of come up with something way better than this instead of sleeping and watching TV. Over all I don't agree with what the conservatives have done although they do have some good ideas. Well the only way to find out or not if it is or not is to wait a year or so and see if things get better.