Paying down the debt

In an economic update delivered to the House of Commons finance committee, Finance Minister Jim Flaherty said the government will continue to cut income taxes and will reduce the GST by another percentage point, to five per cent, not later than 2011, and Flaherty hopes to eliminate billions of dollars in net debt within the next 15 years, calling it "a matter of fairness for future generations."

Sound financial strategy that is the correct thing to do (there has been a lot of that lately from the new government) . It is common sense that we pay down the debt in the same way millions upon millions of Canadians try to do for themselves every month. Paying out money, that could be going elsewhere, as interest is stupid and most Canadians know this; but not all seem to see this basic financial truism.

Jack Layton is one such Canadian, and he called the plan "reckless." While I am not surprised at this answer coming from a socialist like Jack, I am surprised that he considers what millions of Canadians try to accomplish with their own finances, the same people he claims to represent, would be considered reckless. You are out of touch Jack, at least with those who have jobs and pay taxes in this country.

This is not the first time the Conservatives have made debt reduction a reality in their short time in government, but Jack was upset at that one as well. Go figure.