It may well be that Morneau is not as good as he has been previously touted to be, and as a result has quickly boxed us all into a corner. We have at present a large deficit, and promises of even larger deficits with nothing to show for it.  When there is trouble the first move is for the feds to cut spending, which we have already seen with the dealings with the provinces and healthcare. The next move will either be a GST hike or tax increases,neither of which will help grow the economy , which the Liberals are constantly reminding us that they are going to do. It remains to be seen what Trump does, but if as expected he brings in economic policies that are counter to ours, we will be truly be in a tough spot. Huge deficits leave us little room to adjust quickly, since this government has bet everything on deficit spending as the cure to growing the economy. For those who have forgotten Liberal times were never could times for the taxpayer.