WHEN the Obama administration finally unveils its proposal to get the economy on the road to recovery, the centerpiece is likely to be a huge increase in government spending. But there are ample reasons to doubt whether this is what the economy needs.
In these free-spending times there’s a growing movement among economists who say the best way out of this recession is to do nothing, nothing at all.
For decades, the Moose and other fraternal organizations have provided a social safety net for those not covered by government programs, assisting sick children, the disabled, the disadvantaged and the abused. With the economy unsettled and governments facing deficits, the role they play is crucial, says Lindsay Blackett, Alberta’s Minister of Culture and Community Spirit.
Governments have spent $182 billion on corporate welfare over 12 years. That’s “stimulus” enough.
The move would be provocative. It would be parochial. It could spark a serious federal-provincial clash. But maybe Premier Dalton McGuinty needs to cause a little trouble in Ottawa, says economist Hugh Mackenzie. Asking for a fair deal for Ontario hasn’t done much good. So here is Mackenzie’s idea: McGuinty should serve notice to the Prime Minister that Ontario intends to opt out of the Employment Insurance system and set up its own program.
Emergency bailouts are akin to firemen breaking into a house to save its inhabitants, douse the flames and prevent its collapse; they don’t justify similar subsidies to everyone.
“The money that we put in the education budget, I say let the Libyans take it,” Col Gaddafi said in a 100-minute televised speech to the General People’s Congress, Libya’s equivalent of a parliament.
“Put it in your pockets and teach your kids as you wish, you take responsibility.”