Friday, April 08, 2011

The Emperor's New Clothes (reprise)

So, Harper's promising all kinds of spending on various programs ... with a catch:

Election pledges have a poor reputation with voters to begin with. But the prime minister's pledges practically scream "buyer beware" this time because they're dependent on a "what if" world that may never come into existence.

Harper was at it again Thursday, promising to double the limit on annual contributions to the popular Tax-Free Savings Accounts, to $10,000.

The catch: "We will of course do this once the budget is balanced."

It was the same contingency with his $2.5-billion promise to allow income splitting among families; to double the fitness tax credit for children; and to introduce a new fitness credit for adults.

That adds up to about $3 billion in contingent promises, with almost four weeks of campaigning left.

Hmmm...given Harper's fiscal track record since 2006, I can't say I'm optimistic that they'll even start to fulfill one of those promises by 2015. The HarperCon$ had spent us into a deficit position before the recession hit in 2008, and it's only gotten worse since.

In essence, Harper's promised less than nothing. Probably the only promise that he stands a chance of delivering on.

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