Budget deficit reality check people

Liberals' Budget Deficit Is Tiny Compared To What Canada Used To Have

Some commenters had a bit of a panic attack at hearing the news that the Liberals’ inaugural budget contains a $29.4-billion deficit for the coming fiscal year. The Conservatives have gone so far as to call it a “nightmare,” noting that projected deficits through 2020 now exceed $100 billion.

But compared to the sorts of deficits Canada used to run, this new deficit barely qualifies as a bad dream, let alone a nightmare.

Economist Jordan Brennan of Unifor put the shortfall in perspective with this chart showing deficits, as a percentage of federal government revenue, going back 50 years.

http://www.huffingtonpost.ca/2016/03/23/canada-budget-deficit-comparison_n_9532294.html