Cornwall Ontario – The Harper Government presented its budget to parliament and it was about as exciting as the NHL Trade Deadline. No major surprises by the ever predictable Conservatives and no surprises to the reaction.
Gilles Duceppe stated that his party would vote against it as did Jack Layton’s NDP. Michael Ignatieff and the Liberal party said they would most likely voice their displeasure with the budget by not showing up for the vote; that they weren’t ready for a Spring election; at least at this time.
The new budget has tax cuts for corporations and cuts spending. The direction of the hot air is to fight the deficit; and its success is predicated on there being an economic recovery which as we’ve seen in the last recession can lead to even bigger deficits.
The government before Mr. Harper had budget surpluses and were criticized for such; but frankly I’d rather have a surplus any day than a deficit. Cutting taxes; especially at this time to the degree that the government is choosing to do is just wrong on so many levels.
The current “recovery” is being called a jobless one. If people don’t have jobs they can’t purchase goods and services to help the economy so where is this recovery coming from? Resources? Resources actually can hurt an economy if there isn’t enough balance.
First off Canada subsidizes many of the developments of the resource industry, and the current budget and throne speech clearly show the Harper Government’s willingness to cut red tape to make it even easier for resource companies to gain access and facilitate projects; usually at the risk of the environment.
That’s a slippery slope. For example right now Canada’s dollar is nearly pegged on par with the US because of the high price of Oil and gold. When the Loony was trading between .65-.75 cents US our economy was booming. Our factories and products more attractive to export, and a better value.
Mr. Harper can’t keep putting Canada’s eggs in Alberta’s basket. There needs to be more to this economy than the Oil Sands and his buddies.
This recovery and this budget shouldn’t be carried on the backs of the average Canadians to the degree that it’s being asked. Large corporations need to carry their fair share of the load too, especially if they’re not Canadian as Mr. Harper’s government becomes friendlier to US Big Money and this budget does the exact opposite.
“Canadians are not ready for an election,” Liberal leader Michael Ignatieff said, arguing that he would concentrate instead in the weeks and months ahead in presenting an alternative to government – “brick by brick, stone by stone.”
The Government is trying to help manufacturing and research cutting open the purse strings a bit.
The government also introduced $300 million in tariff savings for manufacturers, set up a commission to reduce “red tape” for business, increased funding to encourage advanced technology industries and signalled its readiness to open the door to more foreign investment in Canada.
“We are building Canada’s reputation as an investment-friendly country,” Flaherty said.
One of the areas the government could save a ton of money is the military. At a cost estimated over $500K per soldier for the mission in Afghanistan; one that there is no hope of winning; perhaps it’s time to cut our losses and stop feeding our military machine? Maybe those dollars could be better spent on Health; Infrastructure; or services that Canadians truly need?
What do you think Canada? Feel free to post your comments below.
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