The author of this editorial must have been bought a good lunch by the Liberals, or else he is immersed in the " sunny ways " of the current government.   Sure, the annual deficit - to - GDP ratio may be reducing (and I say ' may be ', because politicians, with the aid of their bureaucrats, always have ways of manipulating the liabilities as it gets towards public reporting disclosure time ).    The real issue, however, is that the overall debt level of the nation keeps rising, as the government continues to spend money and continue the annual deficit by extra spending on a whole variety of issues that it hopes will make it look good, especially at the next election.   As a result, the annual deficit adds to the national debt that is building up for future generations to deal with.   We have seen what happened  about ten years ago, when economies around the world tanked and what happened to Greece, Italy and Ireland.  It could happen again and Canada could be on the short end.