What ideologues like yourself fail to understand is that "to deficit or not to deficit" has far more to with the public mood or appetite than the political leanings of the man or woman in office.
That may be the conservative position, Cannuck. I take the position that deficit is always bad. Sometimes it may be necessary, it may be the lesser of two evils, but it is never good.
It is like family borrowing money (leaving aside the mortgage or education, there something concrete is achieved for borrowed money). If it is an emergency (such as somebody losing their job, or medical expenses in the case of Americans), it may be necessary to borrow to stave off the emergency. But that does not make borrowing good, borrowing is always bad.
In this case, borrowing may be the necessary evil. But Fidel gets the blame for frittering all the Liberal surplus away. If he had been running 10 or 15 billion $ surplus today, he may have got away with only a small amount of deficit (and not the deficit at which Mulroney would look with envy).
So I don’t agree with the Conservative position (that deficit is good or bad according to the mood of the people). In my opinion, deficit is always bad, though sometimes a necessary evil.