Saturday, September 19, 2009

Quebec To Run Deficit Until 2014

From CTV News:

The Charest Liberals invoked closure Friday night to cut short debate and force a vote on Bill 40, legislation which allows the government an exemption from having a balanced budget.

That means Quebec will not have to balance the books until the 2014 fiscal year, at which point it's expected the province will be running an $11 billion deficit.

Read more ....

My Comment: I have seen this dog and pony show so many times .... going into debt has never solved any problems. It just creates a whole new batch of them.

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