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VUONG: Canadians need to stop being penny wise and pound foolish

Not every large expenditure is waste, and not every act of restraint is prudence

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As Canadians, we have a peculiar fiscal habit.

We pride ourselves on thrift in the small things while tolerating – or even enabling – extravagance in the large. It’s the national equivalent of clipping coupons while ignoring a leaking roof.

VUONG: Canadians need to stop being penny wise and pound foolish Back to video

The old adage fits uncomfortably well: we are penny wise and pound foolish.

Look at the recent controversy surrounding Premier Ford and his government’s brief purchase of a $28.9-million Bombardier Challenger jet.

The backlash was immediate and fierce, forcing a rapid reversal. Critics framed it as an indulgence, tone-deaf in a time of economic strain.

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