I am outraged at Jim Flaherty. The deficit is not what he told us it would be. Jim was wrong, and this culture of deceit must end. As it turns out, our deficit will come in far smaller than expected, to the tune of $13 billion dollars. I fully expect the opposition to rally their collective anger around this smaller than expected deficit that the Finance Minister told us it would be larger. I expect projections to be exactly right, and anything else is simply unacceptable. I can see the lead zinger in Question Period now, "will the Prime Minister do what's right and fire this Minister for Canada doing a better job than he thought we would!"
As much as the Oracle of Page wants to make deficit forecasts for the next 100 years, making GDP forecasts in a tumultuous global economic environment is going to produce a very high rate of error. If we can't even accurately predict the deficit for the current fiscal year, how are we supposed to forecast it 10 years out? Does anyone truly know what a barrel of crude will cost in 2020? Not even the wise foreseeing of Kevin Page can decipher that from his crystal ball.