Hmmm... not much to say about recent federal cabinet shuffle except to note 'preoccupation' with deficit/debt reduction.
Government had to spend money to help people most hurt by recession. Yet my understanding is much of the overall deficit/debt is direct result of federal government reducing revenue from consumption taxes like the GST. Its ideology got the best of them in the first two years of office.
The problem with tax reductions for the sake of tax reductions is that it eventually restricts government from mobilizing financial resources to help those less fortunate. If a government wants to do that, it then goes into debt. Clearly the path taken by our federal government.
What makes this most distressing is it enables them to act out their personal ideological preferences. We will see lots of cutbacks in next six months or so.
How this will impact on public services is frightening. As baby boomers retire in droves the next few years, gaps will develop in the provision of public services - as there are severe hiring restraints.
Of course a cynic might say a reduction in public services is the underlying goal of this current 'ideological'- based government.
Our solution is clear....in a democracy the people decide on government direction. Canadians need to hold our current federal government accountable for its financial decisions since 2006. We need a federal government that works to reduce the public deficit and debt through a balanced approach.. and that does include tax adjustments where warranted.
Monday, January 25, 2010
Federal Cabinet Shuffle - Deficit/Debt
Labels:
consumption taxes,
deficit/debt,
federal government,
GST,
public service
Subscribe to:
Post Comments (Atom)
This comment has been removed by a blog administrator.
ReplyDelete