BANCED BUDGET LEGISLATION WOULD BE A BIG MISTAKE

 Finance Minister Joe Oliver announced in a speech to the Economic Club of Canada in Toronto that the government would introduce balanced budget legislation (BBL); this would fulfill a commitment made in the September 2013 Speech from the Throne. Reaction by the media quick and most financial commentators was largely negative, and not surprisingly so, because it is a very bad idea.

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LET'S HAVE HAVE A DEBATE ABOUT HOIW WE PAY OIUR TAXES

Mr. Oliver has finally delivered his long waited budget. Conservatives are now spreading out across Canada selling their view of responsible fiscal management (i.e., deficit elimination) and lower taxes (income splitting and increased child care benefits).  The election is off and running paid for by taxpayer dollars.

The so-called “political pundits”, and the media have been quite impressed by the clever way the budget painted the Opposition Parties into a “political corner”.

 

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WE NEED A FACT CHECKER FOR THE ELECTION

 

On April 8th, Joe Oliver stood up before the Economic Club in Toronto and delivered what can only be described as one of the greatest” economic fanatasy” speeches in decades.  

 

In reading his speech, one can only conclude that Mr. Oliver, and by extension the Prime Minister, live in some kind of “parralel economic universe” quite distinct from the one most Canadians actually live in.

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YOU CAN'T HIDE MUCH LONGER JOE

People are beginning to wonder where exactly Minister of Finance Joe Oliver is these days.

 He certainly hasn’t been in Parliament answering questions about the economy and how the government intends to act to strengthen economic growth and job creation. The reason given is that he is working on the budget. Parliament will adjourn this week for another “holiday” and will not return until April 20th. He plans to meet with private sector economists on April 9. Maybe he will come out of hiding after that.

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A WASTED OPPORTUNITY

All political parties love to make public announcements in support of infrastructure spending, and why not? Canadians know that much of the infrastructure in Canada needs to be improved or replaced. This is true for transportation systems, public utility systems, education infrastructure, health care infrastructure, and senior care infrastructure, to mention only some of the areas where more infrastructure investments are needed. Canadians want to hear what their political parties are proposing to deal with upgrading their infrastructure. Unfortunately they are not hearing much.

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INFRASTSRUCTURE SPENDING: A LOT OF TALK AN NO ACTION

All political parties love to make public announcements in support of infrastructure spending, and why not? Canadians know that much of the infrastructure in Canada needs to be improved or replaced. This is true for transportation systems, public utility systems, education infrastructure, health care infrastructure, and senior care infrastructure, to mention only some of the areas where more infrastructure investments are needed. Canadians want to hear what their political parties are proposing to deal with upgrading their infrastructure. Unfortunately they are no hearing much.

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