Right after Ross Reid’s new job, Jerome Kennedy’s trip back to the finance ministry was the second most overblown story of the past week or so.
Most seem to think Kennedy is headed back to finance in order to tackle the public sector unions as part of the upcoming budget. That gives a bit too much credit to the individual in all this. The budget isn’t handled by one person: it is the productive of collective action by a committee of ministers called the treasury board and ultimately by cabinet.
As the recent Telegram editorial on Kennedy’s appointment noted, the budget is all but finished at this point. They are absolutely right. What has normally happened in January since 2003 is essentially about the government delivering some kind of message or other. In January 2008, part of the message was about a pile of new spending right after the 2007 election. And then right on the heels of that - in the same year - was finance minister Tom Marshall and his debt clock warning about impending financial doom.
Sound familiar?