Media-types are speculating the upcoming federal budget will feature a deficit in the $40 billion range.
I don't believe it.
My sense is Conservative spin doctors are leaking massive numbers like that to heighten the fear effect, so that when the actual budget deficit comes in at say $20 billion, we will all wipe our brows and say, "Well that wasn't so bad."
Of course, it still will be bad and unconservative.
In fact, after the budget comes down we will no longer debate the question of whether or not the Harper government is conservative enough.
The only question remaining will be how socialist will it get.