text: That's a lot of conflation and distortion there. If Canada was the "envy" of the world in 2008, it owed its relatively strong economic position and stable banking system to Liberal fiscal policy and banking regulations. Canada's current debt to GDP ratio stands at a quite favourable 91.50. Despite simple-minded Conservative homilies, deficits aren't necessarily a problem and applying the homespun rhetoric of home economics to national economies is a mug's game. Scheer is a nincompoop.