Canada is overspending on defence

Published November 16, 2011

The CBC's financial "dragon" Kevin O'Leary recently interviewed me about the Harper government's $35-billion shipbuilding announcement. It was a remarkably calm discussion between me and a fiscal hawk, as we would typically have little to agree upon.

I questioned the wisdom of spending so much on defence, given the state of the economy, and he shared essentially the same concerns about the spending announcement...