This week, the federal government saw fit to tighten the mortgage rules again.
While it’s always a good thing to encourage prudence and thrift, I sense an incredible amount of hypocrisy by the Conservatives in this latest move.
Instead of being so concerned about consumer debt, Finance Minister, Jim Flaherty and his government should be concerned about the massive debt they are incurring as they contemplate putting forward what is sure to be another deficit budget.
I wonder, has it ever occurred to them that the reason why Canadians’ personal debt levels are so high is because we are the ones paying to service our national debt which has recently topped the $555-billion mark.
If the Conservatives were truly concerned about our debt levels, it’s time they led by example and started to rein in spending and trim down the bureaucracy which now boasts a workforce of more than 300,000.
The Conservatives have no plan on how to get out of this deficit spending and they certainly don’t seem very concerned about the soaring national debt.
Unfortunately the everyday Canadian doesn’t have the option of defaulting on their mortgage simply because they have fallen on adverse times.
Not so, the government thought.
They seem to think that the debt only needs to be paid down when there is a little left over after their unbridled spending is finished.
It’s time the government treated the national debt like a mortgage!
Mike Schouten, CHP Canada,
candidate for South Surrey-
White Rock-Cloverdale
