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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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