The mood of the moment on the Hill is economic bluster in the light of falling oil prices and a delayed budget – not that there wasn’t some bluster around the Iraq mission to go around either. The NDP announced early on that they want an immediate fiscal update, the subject of today’s opposition day motion – along with the demand to create a budget that suits their particular terms, naturally. The government, however, spent the day playing as if nothing is really wrong. Sure, they’ve lost some manoeuvring room, but they insisted that they will a) balance the budget, b) deliver on all of their promises, and c) not make any more cuts, though one presumes that means any more cuts on top of the continued austerity programme that their whole “surplus” was built on. They can’t really explain how this will happen, other than to use the $3 billion contingency fund, to which Oliver has started talking about how it’s there to be spent and it’ll just go on the bottom line (i.e. national debt payments) otherwise. I will make the additional observations that the NDP were trying to roll the Target layoffs into their lamentations of economic doom and demands for a “jobs programme,” the Liberals were more focused on getting the actual figures for the hole in the budget that the drop in oil prices created and pointed out that Oliver has the information and wasn’t sharing it. It was a noticeable distinction.
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