Source: CBC News: Sask. Now Projects $1B Deficit for 2016-2017Source: CJME News: $1B Deficit Forecast for Saskatchewan by End of April
I did say I would get to the growing deficit eventually.
So, at a time when the Finance Minister Kevin Doherty is arguing with former NDP MLAs and candidates on Facebook, to our Premier . . . → Read More: Canadian Political Viewpoints: Going for a New Record, Perhaps?
Health care and hospital funding: Despite significant new revenue and lower than expected debt costs, health care spending is almost exactly identical to the amounts planned in last year’s Budget for 2015-2018. The total health budget for 2015/1… . . . → Read More: Defend Public Healthcare: Health Care and the Budget: Not Much
Paul Martin was the finance minister who plucked the federal government from the brink of fiscal chaos. It was a tough time for all including the provinces, even the Canadian Forces, but he balanced the budget and paid down $90 billion of our national debt. He kept the bankers in line and when he handed . . . → Read More: The Disaffected Lib: Paul Martin Gives Tommy Angry Beard a Well-Deserved Kick in the Ass.
Yeah, forget about the Parliamentary Budget Office saying that we are already in deficit. Like, what do they know? The Harper Reform Party – lying comes so naturally to them. (0) Trashy, Ottawa, Ontario
In a recent long-term report on the economy, the Ontario government recognized that own-source Ontario government revenue as a percentage of gross domestic product (GDP) has declined over the last fifteen years. The decline is equal to 2 percentage points of the province’s GDP. That is more than $14 billion. With that revenue, the . . . → Read More: Defending Public Healthcare: Ontario’s answer to the deficit: 35 years of revenue cuts
Revenue prospects for this year: An earlier post looked at poor job creation in Ontario and the impact that might have on obtaining the revenue goals the government has set for this year. Last week’s jobs report for July was dreadful on a Canada-wide basis. But the report noted Ontario saw some pick up in July, with 15,100 new . . . → Read More: Defending Public Healthcare: Rising inflation and a shrinking Ontario deficit?
With the election over, pressure to cut public programs has become quite intense. In almost all of the corporate owned media someone is barking on about it. Another option — increasing revenue from the wealthy is not mentioned. However, data clearly indicates that Ontario does not have an overspending problem compared to the other provinces. . . . → Read More: Defending Public Healthcare: Deficit? Public spending ain’t the cause. Revenue, however…
After former Parliamentary budget officer Kevin Page locked horns with the Conservatives over their voodoo math, he was replaced by someone whose inexperience would be much easier to manipulate.
Not that Jean-Denis Frechette isn’t a nice man, but as Michael Warren noted of his appointment, in the Star: … the appointment of Jean-Denis Frechette as . . . → Read More: Pushed to the Left and Loving It: Canada’s New Parliamentary Budget Officer Doesn’t Disappoint – Stephen Harper
Finance minister Charlene Johnson will read the new provincial budget speech on Thursday.
In keeping with the provincial Conservative tradition, though, they’ve been announcing bits and pieces of the budget already. On Monday, for example, justice minister Darin King announced that the new budget would contain money for 20 new sheriff’s officer to provide court . . . → Read More: The Sir Robert Bond Papers: How do they run things? Budget Lead-Up #nlpoli
The following article was written on October 25. I wanted to read it over once more before publishing it, then got busy with other things and forgot about it. In the roughly six weeks that have passed since the writing of this article, the Bitcoin prices have gone from roughly $200 to over $700. There . . . → Read More: Writings of J. Todd Ring: The rise of Bitcoin: and the challenge to the global domination of big money
I’m not sure what to make of the hoopla going on in the US right now. I’m inclined to think it’s all just political theatre, as Gerald Celente calls it, designed to distract the people from the real issues – the central one being, who controls the government and the nation? Wall Street, the big . . . → Read More: Writings of J. Todd Ring: US government shutdown, and other fairy tales and political theatre
When Obama decided to give back 5% of his salary to the Treasury, he made a political move not done since Herbert Hoover. In so doing, he undoubtedly aims to reclaim the momentum and the narrative on the Sequester that has been lost over the last month.Before the Sequester was implemented, public opinion was largely . . . → Read More: Progressive Proselytizing: Obama tries to regain the narrative on the Sequester
By: Canadian Auto Workers Union | Press Release TORONTO – The CAW is calling on federal Finance Minister Jim Flaherty to focus on job creation, not more spending cutbacks in his 2013 budget, to be unveiled tomorrow. “Canada’s public debt is small, relative to past history and to the debt problems faced in other […]
. . . → Read More: The Canadian Progressive: Federal Budget 2013 Must Focus on Job Creation, Not Cutbacks, CAW Says
Press Release | Posted Mar 18, 2013 Ontario’s experiment with austerity in 2012 is contributing to an economic slowdown that demands a different course of action in 2013, says a new report by the Canadian Centre for Policy Alternatives’ Ontario office (CCPA-Ontario). The report, by CCPA-Ontario Director Trish Hennessy and CAW economist Jim […]
By: Council of Canadians (Press Release) With the next federal budget fast approaching, the 2013 Alternative Federal Budget (AFB), Doing Better Together, released today, warns that the “Harper government’s cuts to the Experimental Lakes Area (ELA) and other critical environmental programs will hinder the ability to develop freshwater policies and respond to threats to […]
Canada’s economy is set to grow less than the government thought, but it’s not our Prime Minister’s fault.
True under Stephen Harper the World Bank has downgraded Canada from being the 4th most Business Friendly country in 2006 to 17th in 2013, but, as most Conservatives know, businesses have nothing to do with the Canadian . . . → Read More: The Scott Ross: How A Bad Economy Is Not Harper’s Fault
Five months ago, I predicted that the Liberal government of British Columbia would fail in its effort to balance the 2013 budget. Notwithstanding this week’s boastful headlines to the contrary, the jury is still out.
I will not assert, as many others have done, that the surplus is purely fictional, but rather that, for the . . . → Read More: Song of the Watermelon: Some Thoughts on the BC Budget
No surprise that on the day after natural resources minister Jerome Kennedy talked about looming deficits of pre-1934 proportions that the ruling Conservatives did two things.
First, backbencher Paul Lane reinterpreted Kennedy’s comments on VOCM Open Line with Randy Simms. There will only be big deficits, says Lane, if we don’t do anything about it. . . . → Read More: The Sir Robert Bond Papers: If the next two years are bad… #nlpoli
In December, it was predicted that outgoing finance minister Dwight Duncan would reduce his deficit forecast just before his departure (for Bay Street). Duncan had somehow estimated in his fall economic statement that the 2012-3 deficit would be $14.4 billion, i.e. higher than the 2011-12 deficit — and even higher than the 2010-11 deficit!
Sure . . . → Read More: Defending Public Healthcare: Attack on free collective bargaining political, not fiscal
“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin
The fiscal cliff in the United States did not just endanger its own country’s economy but the world’s, including Canada’s heavily dependent one. But in the American problem lies, at least partially, a Canadian solution: an estate . . . → Read More: The Scott Ross: If A Fiscal Cliff Kills, Canada Should Tax Death
Canada’s debt is growing faster than our ability to pay for it. Since 2008 Canadian public debt has been growing faster than our GDP. Though there are many warning signs of economic trouble, there is no clearer caution of a potential crisis than when… . . . → Read More: The Scott Ross: Canadian National Debt Growing Faster Than GDP
Though many would say that fiscal deficits from this Conservative government are the most worrying, their lack of economic knowledge is far more dangerous. Before showing the economic ignorance of Conservative MP Pierre Poilievre a quick introduction… . . . → Read More: The Scott Ross: Conservative Fiscal Deficits & Ignorant Surpluses
Voters showed the Republican Party doesn’t represent America, but in losing the election and now facing hard choices, for America’s sake, perhaps Republicans should. For today, after losing the Presidency, again, and additional senate seats, Republica… . . . → Read More: The Scott Ross: Now Americans Need To Follow Republican Lead