The surplus that Liberals achieved was the result of hard work and determination, though economic conditions may well have worked in their favour.
They sacrificed a lot for that balanced budget. Deficits exist for a reason: they are usually reflective of a defective economy. Eliminating it is not going to deal with the cause behind it.
My comment was really more in reference to the interests behind their actions (i.e. the interests of the oligarchy): reducing government (read: more state assets into private hands) has a tendency to be the reason for 'balancing.'
Really? And exactly which wave were Liberals riding in 2000 - 2005 when USA was running huge deficits under Bush, but Chrétien was running healthy surpluses here in Canada? If we had conservative rule at that time, you may be sure that they would have blindly followed Bush and racked up huge deficits here, as they did in USA during 2000 – 2008.
IMO the idea that our economy was doing well is erroneous (i.e. surpluses are not an indicator of a healthy economy any more than GDP is). The "wave" I spoke of was a general global market trend, it just manifested--and is manifesting itself--differently in different economies. Though it may have exasperated it, the continuous policy BS of the Bush administration was not responsible for the present crisis; it has been in the works for a while now.