Making Money Minute - May 21, 2026

Making Money Minute with Ron Hiebert -Deficits Are Solvable If you found out your spending was 5% higher than your income, it wouldn’t take a lot of economic fine tuning to get things back in balance because the difference between what’s coming in and what’s going out isn’t that large. On a bigger scale, 5% is also the ballpark deficit gap most western governments face when they prepare their annual budgets. Yet, somehow, our elected officials find the task of budgeting and living within their means, impossible to do. A twenty or thirty percent spread between income and expenses would be a tough gap to close. But 5%. That should be very doable. For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.