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Budget night hints at bigger deficits and debt
The piece argues the Lalonde budget will stimulative despite soaring deficits, with $30 billion to $32 billion forecasts and debt-up to 53 percent in a year. It warns of tax burdens, unemployment, and urges hiring an accountant, while recommending borrowing now on 5-year mortgages at 13 percent as inflation appetites rise.
MENTIONED IN THIS ARTICLE
Feds
Marc Lalonde
Allan MacEachen
Lalonde
Ottawa
Mexico