Is inflation in the Liberal plan?

[Machjo]

So far I've got from Ignatieff that he supports stimulating the economy, promisses no tax increase, and intends to pay off the debt. So how does he intend to pull that off? He could stimulate the economy on borrowed money or tax increases, but if he's planning to pay off the debt and has no plan for a tax increase, that's out of the question. He could pay off the debt through a tax hike or spending cuts, but since he's committed to stimulating the economy and has no plan for a tax increase, that's out of the question. He could keep taxes down by borrowing or cutting spending, but since he's committed to stimulous spending and paying off the debt, that's out of the question.

One possible solution I could see would be a planned economic restructuring to make the economic system more efficient and get the extra money from that. But I've heard no hint from Ignatieff of any specific such plan. The only option I can see left to achieve this is inflation, unless I'm missing something?

[Machjo]

Sorry, my mistake. I do remember Iggy mentioning that though he agreed with stimulous spending, that he thught it ought to be spend in a better planneed manner to ensure we benefit from it as an investment and not just spend it randomly. Nice rhetoric, but we'd have yet to hear how he'd spend the money differently so as to benefit from it so as to help pay off the debt.

[Jerry J. Fortin]

Sorry, my mistake. I do remember Iggy mentioning that though he agreed with stimulous spending, that he thught it ought to be spend in a better planneed manner to ensure we benefit from it as an investment and not just spend it randomly. Nice rhetoric, but we'd have yet to hear how he'd spend the money differently so as to benefit from it so as to help pay off the debt.

A pipe dream worth hoping for don't you think? Cleaning up the financial corner of the economy would do wonders for our future development.

[dlkenny]

So far I've got from Ignatieff that he supports stimulating the economy, promisses no tax increase, and intends to pay off the debt. So how does he intend to pull that off? He could stimulate the economy on borrowed money or tax increases, but if he's planning to pay off the debt and has no plan for a tax increase, that's out of the question. He could pay off the debt through a tax hike or spending cuts, but since he's committed to stimulating the economy and has no plan for a tax increase, that's out of the question. He could keep taxes down by borrowing or cutting spending, but since he's committed to stimulous spending and paying off the debt, that's out of the question.

One possible solution I could see would be a planned economic restructuring to make the economic system more efficient and get the extra money from that. But I've heard no hint from Ignatieff of any specific such plan. The only option I can see left to achieve this is inflation, unless I'm missing something?

Haha, that's not possible. It's the same thing, tax and spend or borrow and spend...eventually somebody has to pay the bill and that is always the taxpayer. The problem with borrowing and spending is that it does cause inflation and when the day comes to pay back the massive debt there won't be enough money available because it'll be worth nothing. This scheme does nothing to stimulate the economy, it just postpones and worsens the problem.

[Alex Moore]

This Iggnatieff we're talking about here. .He's just playing the role of critic. For something like the economy nothing is good enough for him, while offering nothing constructive or substantial. He's not going either because doing so would require him to commit to something. Which he won't do.