Federal debt as a share of the economy will reach roughly 56 per cent, the highest percentage since 1998.
Governments should instead tax less to improve economic growth and spend less to reduce deficits.
The government plans to spend up to $100 billion for economic stimulus over the next three years.
Most people use extra one-time money from government to pay down debt or save.
When French President Francois Hollande visited Canada recently, one hopes the Gallic leader looked around. If he did, he would have noticed a stark difference in the economic opportunities between the two countries with the advantages mostly on this side of the Atlantic.
Given the revisionist history in play, lets place that 2009 deal in proper context.