Role of Government

57 Policy Proposals for Future Leaders to Help Make the Canadian Economy Soar

57 Policy Proposals for Future Leaders to Help Make the Canadian Economy Soar

Executive Summary The various federal political parties are all promoting the policy agendas they believe will foster a sustainably high quality of life for all Canadians. It remains to be seen whether they will attain the success that they aim to achieve. In some...

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57 Policy Proposals for Future Leaders to Help Make the Canadian Economy Soar

Executive Summary The various federal political parties are all promoting the policy agendas they believe will foster a sustainably high quality of life for all Canadians. It remains to be seen whether they will attain the success that they aim to achieve. In some...

Anchors To Secure The Future

A broad consensus has formed around the idea that a plunge into the red is a frightening but unavoidable consequence of the economic downturn, and the fiscal laxity that preceded it. This would be much easier if new fiscal anchors, notably a specific debt-to-GDP ratio, had been firmly established after the books were balanced. An additional anchor, limiting program spending to a percentage of GDP, would further prevent Canada from sliding into a long-term pattern of deficits.

Practical Reasons Why Stimulus Spending Doesn’t Work

Tax cuts are a much preferable way to stimulate economic growth. Allowing companies to keep more of their revenue is an incentive to create more wealth and thus promote economic growth. Allowing individuals to spend more of their own money as they see fit helps the market more accurately understand demand signals then when the government just spends trying create demand out of nothing.

Why Canada Needs A Balanced Budget

This past overspending hampers the ability for current governments to respond nimbly to economic challenges like those faced today. That is why, in its budget, the federal government should be careful to establish a fruitful and competitive economic climate for tomorrow. Growing the size and cost of government with deficit spending won’t accomplish this.

Political Storm Clouds Still There

Both Harper and Igtnatieff are play-acting. If Ignatieff saw a reasonable chance the defeat of the government would result in him being called upon to form a government without an election being called, he would seize the opportunity. The notion that Harper is willing to govern at the sufferance of the Liberals and NDP can be held only by those who understand neither government nor Parliament. To give the opposition a veto power or to implement only proposals acceptable to them is an abdication, rather than the exercise, of power.