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Flaherty's got deficit religion – but can he attain fiscal salvation?

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Budget hits and misses

CP Video - Tuesday, January 27, 2009 at 5:06 EST

After a torrent of leaks there were still some surprises in the 2009 federal budget. Canadian Press reporters Rob Russo and Bruce Cheadle look at the hits and misses in the financial plan

From Wednesday's Globe and Mail

OTTAWA — Finance Minister Jim Flaherty wrapped up his fourth budget speech by urging the opposition parties to vote for it. He might have also borrowed an old line from a late prime minister: “Well, welcome to the 1980s.”

Gold has soared, the sharpest recession in at least a quarter-century is under way, and now we have another unhappy parallel with the final Trudeau years: We have deficits as far as the eye can see.

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