The Progressive Economics Forum has an excellent post about public debt in Canada and why neither the self-inflicted federal deficits, nor the self-inflicted provincial deficits, justify slashing yet more needed services and general austerity.
That's why harper and Flaherty's masters really aren't all that worried about the government's massive deficits. They contain no real danger but they're damned convenient for justifying still more hacking away at the welfare state.
Still and all, I'd rather we as a nation did more with that $100 billion (and over) than just sustain demand during a recession caused by the repeated failings of neoliberalism.
2 comments:
The budget cuts are all about getting rid of government programs the Conservatives don't like. thwap.
They have nothing to do with the effectiveness of the programs.
And they don't like these programs because they either make the citizenry strong enough to stand up to their employers, or because they impose regulations upon employers.
Such a bankrupt view of life they have.
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