And just who is practicing the tax and spend philosophy? Harper? Obama? Did Chrétien/Martin practice it? Clinton? Exactly who are these politicians who are practicing the tax and spend philosophy?
The fact is, tax and spend went out of fashion with the center left a long time ago. However, borrow and spend is still popular with conservatives. Let us make a list here of all the conservative proponents of borrow and spend philosophy.
Reagan
1st Bush
2nd Bush
Mulroney
Harper
Mike Harris.
While tax and spend went out of fashion a long time ago, borrow and spend is still very much popular among the conservatives,
Wbo cares? Tax and spend, borrow and spend, it's all wrong, the right way is to save and spend. Now before you jump to any conclusions there is one exception, capital projects are slightly different- if the money can be borrowed at 1 or 2% and the value of the investment increases 3 or 4% then OK. The gov't should hire someone like Warren Buffet to manage all the money- I wouldn't trust the clowns in Ottawa with $50 worth of Monopoly money.