Even though Stephen Harper and his team are taking some time off from the jobs during their prorogation of Parliament, Budgetary Officer Kevin Page isn’t.
He’s about to deliver a report showing some devastating news regarding the Structural Deficit created by the lowering and of the GST and other factors.
“Canada faces a “structural” deficit – meaning the country will be stuck in the red even when the economy bounces back.
It is a conclusion that strikes at the core of one of the Conservative government’s most cherished accomplishments: slashing the goods and services tax rate to 5 per cent from 7 per cent. Each percentage point cut in the GST is estimated to cost the government about $6-billion in revenues.
But Mr. Page says the government has yet to come to grips with the revenue loss created by these and other tax cuts, leaving a future gap that has so far not been addressed.”
GRASS ROOTS FURY “Get back to work” is the rallying cry on a Facebook page that has been gaining thousands of
supporters each day since it was launched last week – approaching 20,000 by the end of the day on Monday.
Liberal Leader Michael Ignatieff is calling this a defining moment in Harper’s tenure – “one of those moments of supreme clarity,” Ignatieff wrote in an opinion piece. “The audacity. The epic scale of the cynicism. The arrogance of a regime that thinks it can get away with just about anything.”
There are a lot of very unhappy Canadians who feel that the Conservative Party MP’s should not be drawing their wages during prorogation or accumulating time towards their pensions as Mr. Harper chose to take this break from their very well paid duties.
You have to give Stephen Harper credit for helping bring a lot of Canadians together; mostly to object to his brutal handling of Democratic principles in running a western nation.
What do you think Canada? Feel free to post your comments.
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