Governments must make interest payments on their debt similar to families who pay interest on borrowing for mortgages, vehicles, or credit card spending. These interest payments leave fewer resources available for important priorities such as tax relief and spending on public programs such as health care, education, and social services.
Joe Oliver, Canada's new federal Minister of Finance, made quite a name for himself during his tenure as Minister of Natural Resources. With Oliver moving to the helm of the country's finances, perhaps it's time to take a look back over his notable career. Is Oliver's selective use (and misuse) of the facts restricted to the oilsands?