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Text of Finance Minister Flaherty's budget speech

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Swimming in red ink

CP Video - Tuesday, January 27, 2009 at 5:33 EST

The Conservative government dove for economic and political cover Tuesday with a federal budget that submerges Canada in a sea of red ink after more than a decade of clear fiscal sailing

THE CANADIAN PRESS

OTTAWA Jim Flaherty: It is Canada's plan to stimulate our economy, to protect Canadians during the global recession, and to invest in our long-term growth.

It is Canada's response to the challenge of our time.

The crisis we face

Since last fall, the global economic situation has deteriorated further, and faster, than anyone predicted.

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