Category Archives: Dion’s voodoo economics
While the lazy and brazen shills for Dion over at the CBC and the Star prepare to cheerlead Dion’s plan for the economy today, thought I’d post some information on Dion’s economics that you’ll never hear from them, but you nevertheless should know. It vexes me to think that Canadians are heading into polling stations for such an important vote so completely swindled and uninformed, owing in some measure to their own apathy and lack of interest, but in large measure to a negligent and partisan media. Actually, what “progressive” voters REALLY need to understand is that the LIBERALS ARE NOT “PROGRESSIVE.”
corporate tax cuts have not achieved their stated goals of attracting more investment or reported profits to Canada. Certainly, they have not increased corporate tax revenues.
p.s. If you link to PEF article please note the comments section where we see what a healthy and intelligent debate might sound like.
I stand by my earlier argument that they [the Liberals] can’t balance the Budget, deeply cut corporate taxes, oppose new taxes (outside the internally consistent green shift package) AND make major new spending promises outside the green shift – all in the context of a slumping economy.
The costing here is dubious at best.
We get four year spending and tax reduction totals with little or no detail on timing. No adjustment is really made for slowing growth and rising unemployment.
Clearly a lot of the good new stuff outside the green shift is shunted off to the future. As a key case in point, last week the Liberals promised to bring in a $1.25 Billion per year national child care program. Today, that program is costed at $1.5 Billion over 4 years. That’s a slow phase in, to say the least. Another case in point is municipal infrastructure spending, which barely increases over the status quo for the next four years.
We get a modest dose of Reaganomics and supply-side tax cut magic. Cutting the tax rate on income trusts will supposedly raise $1 Billion in new revenues.
The Liberals actually raise the ante on balanced budgets, promising Martin era determination to run surpluses to pay down debt. They promise to restore the $3 Billion Contingency Reserve – to my mind implying spending cuts “come hell or high water” even if we go into recession.
That’s bad enough, What is worse is that their fiscal plan depends on unspecificed cuts of $12 Billion over 4 years – a not inconsiderable sum after continuing rounds of “program review.”
Last but not least, they say they will borrow $25 Billion to fund post secondary education, but this will somehow be done outside the Government of Canada spending envelope and promised debt reduction.
Dion is practicing voodoo “regressive” economics supported by a dubiously costed platform. And he has the gall to dismiss the NDP plan as “socialist” and a “job killer”. I wonder how the electorate become so misinformed when leaders like Dion resort to old canards, fear mongering, and Red baiting. Dion is the WRONG leader! Otherwise Liberals would be staring at a majority right now, instead of same old same old.