Flaherty in US crows about Canada's fiscal performance, but touts Liberals' success of the 90s

[JBoy]

http://www.theglobeandmail.com/report-on-business/economy/get-handle-on-deficit-flaherty-warns-us/article2018426/

Jim Flaherty is appealing to fellow conservative legislators in the United States to get a handle on a budget deficit that Canada’s finance minister warns is a risk to the global economy.

Mr. Flaherty said he often gets questions from his American counterparts on Canada’s experience dealing with a fiscal crunch. “It’s an opportunity for me to talk about our view that we are on the right track, that this is doable” Mr. Flaherty said.

He said he thinks there are lessons for U.S. politicians in the way Canada ended a generation of budget shortfalls in the 1990s.

“I think the recent history of Canada shows we can move from a time of dramatic deficits where the (International Monetary Fund) was eyeing our country and our currency was weak to a time of stability and solidity with a good plan going forward,” Mr. Flaherty said. “That’s useful generally because we have been through difficult times.”

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That's right Jim, the previous government got our house in order.