Some quick thoughts in passing...
$1:
Finance Minister Jim Flaherty has announced that Ottawa posted the biggest deficit in history last year at $55.6 billion. That was $1.8 billion more than anticipated and about $13 billion more than the previous high in 1993-94.
... unless you adjust from nominal to real values. The GDP deflater has been positive for most of the years since then, so if you adjust it into real Canadian dollars the values being posted by Flaherty are less than the values being posted in the '93-'94 statistics.
Of course, this is where Lemmy swoops in and shows me I did it wrong or something, thus deflating my point itself, but fairly certain that compared to the base year (and doing some quick math) that the real value is still lower. Not saying that this is good or bad or supporting anything, but I think that the statement provided by the news article is hence a bit erroneous in that regard.
$1:
"The one consistent fact about Flaherty's projections is that they've always been wrong," said Goodale, adding that the government has been moving certain expenditures from one fiscal year to another.
I would by far be more concerned if he was consistently right, I would say. A projection is not fact set in stone. It's not going to say "this is how much we are going to spend." It says "this is how much were think we are going to spend if nothing happens or changes between now and then." You extrapolate a prediction from looking to the past, not being prescient about future events. This is a silly blanket comment which would be largely true for a lot of governments facing ongoing changes, especially during a period of economic turmoil.
I may be ripping this a little hard though. I feel that either the media failed to adequately capture the entirety of his response past what is in the quotes and the bit at the end about moving expenditures around or Goodale failed to properly communicate his thoughts, and would assume Goodale would have said something more about the projections being well out of the range of Flaherty's projections, which would have been a more acceptable criticism, in my opinion. As mentioned later on in the article, Flaherty is adding on to the degree of potential error due to economic uncertainty by quite a bit, and the Liberals would also have had a factor like that.
The way in which the article displays this is something off the mark, but that might just be me.
$1:
As they highlight the Harper government spending billions on fighter jets, prisons and tax breaks for large corporations, the Liberals also plan to provide more details on their family-focused initiatives that will build on Liberal Leader Michael Ignatieff's $1-billion family-care plan.
In other words, no matter what is being said, both sides are deciding to spend quite a bit on something for their platforms which we don't currently have. Ignatieff has made quite a few announcements, such as his promise to support the ailing Vancouver ship building industry, which were not mentioned in this article, which was carrying quite the price tag. I'm not sure this article truly encapsulates the direction of the spending habits of both parties, but since I'm no expert on that I can't really criticize them either.
Keeping in mind that a good amount of money went to two Provincial Liberal governments to transition over to a new tax too. Five and a half billion dollars is a good deal more than the upkeep for the registry, or quite a lot of other investments, and is a bit more than a drip into the pond that is the deficit.
It'll be really interesting to see where the austerity measures discussion goes as a result. In the past months, Ignatieff, Harper and Layton have all made remarks about austerity measures, but both Ignatieff and Harper have, in my memory, actually discussed reducing the deficit. When it comes to putting this all into context of an article on austerity, it'll be interesting to see where the criticism comes from and who it goes to first.