Mr. Speaker, it is throwback Thursday on the Internet, #tbt, and I can think of no better theme for this Liberal-spending deficit budget.
I know many Canadians' reaction to this “tax and borrow and spend” budget would be to throw it back in the government's face. However, this budget is also a throwback to a dark and painful time in Canadian history, the seventies. Disco was popular, bellbottoms were a fashion must, and the father of the current Prime Minister was unleashing a 25-year structural deficit on the nation.
Flash forward to today, and the son is practising what the father preached. Like something out of the seventies, the Liberal government believes in a sort of super-freaky Keynesian economics, which is another way of saying the Liberals have things backward. They run deficits when times are good, which means even bigger deficits when times are bad. The weird belief that spending more than we have will magically create jobs that last longer than the money we borrowed is throwback thinking, #tbt.