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Friday, September 21, 2012

An independant Quebec is where someone else pays!

Now that Pauline Marois has been sworn in as the Premier of Quebec, she’s gotten right down to work. She had a busy Day 1, with plenty of announcements. She’s moving fast to deliver on her election promises and keep the base happy. There’s something to be said for that. But given that it’s her stated to intention to govern Quebec as if it’s already an independent country, it’s fair to ask if her numbers add up.

Everything she’s done so far, she promised to do ahead of time. You can’t knock her for failing to live up to her campaign pledges. But appointing a known deficit hawk to be her finance minister isn’t enough to change Quebec’s economic reality. The province is deep in debt, spending more than it brings in and has already made it harder to dig itself out of that hole.

If this is how Marois thinks an independent Quebec would operate, she’d better hope the rest of Canada is willing to keep the equalization payments rolling in.

Except we’d call it foreign aid!

National Post