IT'S ALL ABOUT JOBS STUPID

 

In a previous article, we applauded Tim Hudak for giving Ontario voters a clear choice about the future of the Ontario economy and indeed the Canadian economy. Ontario, after all, makes up 40 percent of the Canadian economy. If the Ontario economy is not doing well, then the Canadian economy will not being doing well.

On Thursday, Ontario voters will make a choice about the future of Ontario.

 

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BALANCED BUDGET FOR 2014 CLEARLY WITHIN REACH

The federal deficit for the period 2013-14 was estimated at $12.1 billion, an improvement of $6.6 billion from the same period last year.  Although these are not the final results for fiscal year 2013-14, they clearly indicate that the deficit for the year as a whole will be much lower than the Budget 2014 estimate of $16.6 billion and significantly raising the possibility of a balanced budget/surplus in 2014-15, one year ahead of the Government’s commitment.  Final audited results for 2013-14, however, will not be released until the fall of 2014.

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MAKING SENSE OF THE JOB NUMBERS

 

During elections, all political parties try to “produce” numbers that show their proposed policies are better than the proposed policies of their opponents.

So far there are four numbers for the Progressive Conservative Party (PC) that have attracted a lot of media attention: the number “1,000,000”; the number “100,000”; the number “3”; and the number “$7.4” billion.

Putting out too many numbers runs the risk of attracting a lot of criticism.

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TIM HUDAK-DEFICIT SLAYER OR ECONOMY SLAYER

You have to give Tim Hudak credit. He is presenting Ontario voters with a very clear policy choice  - choose austerity or choose growth.

On the one hand, there is the Conservative Party (PC), which would commit to eliminating the deficit in three years, through deep spending cuts, and on the other, there is the Liberal Party, which is expanding the budget in the short term but “targeting” for deficit elimination within four years.

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DEAR JOE, IS THERE A PLAN B

It has been just over a month since you were appointed Minister of Finance. Perhaps you are still getting over the “shock” of your appointment, or perhaps it doesn’t really matter, since Primer Minister Harper has always been the real Minister of Finance.

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MR. FLAHERTY WOULD BE HAPPY

 

Since 2010, the fiscal “Holy Grail” of the Conservative government has been the elimination of the deficit by 2015-16. Unfortunately, former Finance Minister Jim Flaherty gave his life to that goal. He understood and accepted the factors underlying the emergence of the largest deficit in Canadian history, but he disliked debt and he was absolutely committed to eliminating the deficit.

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