In the late sixties and early seventies rock concerts typically had a 10 to 20 minute drum solo while the other musicians rested.  During this era the freeform and artistic touch were hallmarks of the heavy music scence.

The obligatory drum solo came to mind as I was wondering if I would comment on the recently announced annual Canadian Federal budget.

There is not much to comment on but like the psychedelic era drum solo, I felt the need for an obligatory comment.  It is an annual obligation, but this year I wondered if there was a point.

Spending Money you Don’t Have

The theme of the Canadian liberal government is announced as “Building a stronger middle class” but the reality is “Spending money we don’t have so the middle class in the future will be worse off (and everyone else too)”

Why does the government spend more money that it takes in revenue?  The only explanation is “because they can”.   The economic harm to furture generations and to the basic economic principles which enable our current lifestyles is insurmountable.

Unfettered spending destroys the basic model of suppy and demand ( in the long term) and is unsustainable.  I am neither against, nor for using the budget as a tool of political policy, but spending money that does not exist is unjustifiable by any rationale.

And in summary, my obligatory comment, basically the same as last year, is cut spending, raise income or both.   Think of our children, stop destroying their future.