According to the independent committee for responsible federal budget most Republican candidates aren’t at all fiscally responsible. In fact 3 out of the 4 Republicans would increase the debt over the next ten years. The worst on the budget is Newt Gingrich according to the report he would increase the
Continue readingTag: Deficit
Conservatives create problems, not solutions
#cpc #gop #lpc #ndp #cdnpoli #politics In the news; the appeals court in California overturned a ban on same sex marriage. This ban was a citizen inspired law triggered by the then legalized gay marriage laws in California. The court found essentially that rights, once given, cannot be taken away.
Continue readingThe Disaffected Lib: Canada’s Made-by-Harper Structural Deficit
To hear Steve Harper tell it, Canada’s finances are a mess. He ought to know, he created the mess. Yes, the federal government has a “structural deficit” that won’t simply go away once the recession ends (whenever that might be). Underlying that isn’t excessive government spending but, as The Globe’s
Continue readingThe Happy Wanderer: Another Deficit Year in Washington DC!
The U.S again goes for the easy way out of a problem by extending tax cuts for two months. Just like the super committee it seems that this congress is going to delay and then delay again. Nothing this year has even seriously touched the deficit. The U.S is running out of
Continue readingProgressive Proselytizing: The expanding War on Terror: their hypocrisy, and ours
It is hard to imagine how the timing could have created a more poignant juxtaposition. At the same time as the Obama administration triumphantly withdraws from Iraq, Congress is set to institute the legal codification of the largest expansion in the War on Terror yet, up to and including the
Continue readingCompetitive corporate taxation does not guarantee deficit reduction
The nerve displayed by the rich and their largely conservative backers both in the U.S. and Canada can reach staggering proportions at times, from in your face taunting through their TV stations like Fox and Sun News, to a flood of gibberish coming from their die hard columnists in the
Continue readingthe reeves report: Fighting the deficit by defunding the Catholic school system
St. Boniface Catholic School in Toronto. The question of funding for Catholic education in Ontario is similar to the question of reforming the first-past-the-post system we employ for electing members of parliament – any rudimentary thinking on the issue would show it to be egregiously undemocratic and discriminatory, yet politicians
Continue readingPolitics and Entertainment: A Simple Solution for the Deficit that Might Please Both Progressives and Neo-classical Economists
Given the record profits of and incentives paid out in Cdn banks recently, there is no credible argument that says they can’t afford a financial service transaction tax, and, as we know, it is the financial sector that is largely responsible for the economic mess in which we find ourselves.
Continue readingSome reasons why the rich get richer and the poor get poorer
After reading an article on the Huffington Post website about income inequality as represented by an OECD report, I decided I should list a couple of reasons why I think individuals in less than favorable financial circumstances can never truly become wealthy. It’s important to understand first that those in
Continue readingProgressive Proselytizing: Emphasizing neutrality with respect to the progressive/regressive spectrum
Deficit neutral bills are a stalwart tool of the savvy politician. They allow for the sidestepping of the often raucous and partisan debates about the size of government and the size of deficits. With deficit neutral bills, there is a sense to which the policy can be considered on its
Continue readingThe Happy Wanderer: Wow I Was Right!
I stated just a few post’s ago that the Conservative would reduce their budget targets. Now This time around Jim Flaherty thinks he has a good case. Saying the economy isn’t good and the budget is going to suffer. True, but why didn’t you kno…
Continue readingImpolitical: Wednesday drive-by blogging
1. Google has published its Transparency Report which includes the User Data Requests from governments around the world. A helpful comparative tool. Canada made 50 user data requests, reported there to be part of criminal investigations, with a complia…
Continue readingProgressive Proselytizing: Occupy Wall Street vs the GOP leadership contest
Since the 2010 midterms, the dominant topic in American domestic politics has been on deficit reduction. The rhetoric built up for a while and then culminated in the twin crises over the potential government shut down and then the raising of the debt c…
Continue readingProgressive Proselytizing: Ontario Election 2011: Why the left should hope for a Liberal Minority with NDP support
I suspect that many people, perhaps most, have a favorite party that they would prefer to win a majority. Somewhat incorrectly, I think, it has become the conventional wisdom that we should always hope to have a majority government. I have even heard i…
Continue readingWritings of J. Todd Ring: Earth Overshoot Day – cause for a pause to reflect
Yesterday, September 27, the Global Footprint Network declared as Earth Overshoot Day: the day that humans have used up all renewable resources available for the year. Not good. This obviously cannot continue. Limitless growth in material consumption a…
Continue readingRedBedHead: Tories $20 Million Auditors Are Serial Fraudsters
If you’re the government and you want to find “gravy” – to pick a random metaphor – that you can eliminate in the provision of services in order to reduce the deficit, what do you do? Why, you hire an auditor of course. An auditor has specially traine…
Continue readingThe Happy Wanderer: PC over Promising.
In PEI the PC’s in the province who are losing terribly in the polls are trying to gain support promising something that PEI can’t afford. The Pc leader Olive Crane said if elected she would reduce the P.S.T in the province from 10% to 9%.
“For a one…
Continue readingThe Happy Wanderer: Another Stimulus?
With more fear with the stock market some people in the U.S have been asking for another stimulus or spending package. Although putting money into the economy will create jobs the U.S can’t afford it! Debt to GDP ratio is at 98%. The U.S doesn’t have m…
Continue readingThe Happy Wanderer: Debt Deal History
There is a lot of history on the debt ceiling in the united states. In fact for many decades the debt ceiling increased tremendously without the need of any compromise on spending. In fact JFK increased has the debt ceiling&nbs…
Continue readingThe Happy Wanderer: Wow Republicans !
Last few years when the Dem’s held both houses the Republicans stood united against almost every single thing the Democrats proposed. The Republicans now are somewhat divided in passing Boehner plan. It seems the curse of being the party in power has n…
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