Don Drummond, Stauffer-Dunning Fellow, argues in his latest op-ed that the actions in the federal government's Spring Economic Update indicate there is effectively a new fiscal guardrail: the deficit shall never be lower than in the November 2025 Budget because any revenue windfall will be spent.
Drummond and his co-authors argue that this "is not your typical guardrail. It keeps the fiscal situation on the cliff's edge, unable to get back to the safety of the road."