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Saturday, 14 June 2014
The Anti Deficit Crusade, Then And Now

In the early 1990s, another guy and I started "The Anti Deficit Crusade" with the Federal Government. This was in response to "Mulroney's huge deficit" during his two terms in office.

We did research in newspapers and magazines and sent our results to MPs in Ottawa. I joined the federal Liberal party and supported Paul Martin for leader. Jean Chretien won the leadership race, but the anti-deficit campaign had some firm believers like Paul Martin. He would later become finance minister and wrestle the deficit to the ground.

The deficit didn't just handle itself, Martin brought in fiscal restraints through cuts and tighter money management. 

In Ontario there is a major deficit problem as well, but there has been no decision as to what to do with it. 

Back in 2012, "The Drummond Report" laid out suggestions, but the Liberal response was something like this: 

The Globe and Mail is a little pessimistic over this situation and probably there is cause to be that way. 

In the last election, there wasn't much information distributed with regards to this problem even from the Conservatives. I had to find out about it on the internet.

We have to start at "Deficits 101" and proceed from there. In order to solve a problem, you have to be aware that there is a problem. 

To begin with, there has to be more full-time decent paying jobs in Ontario. The bottom line, this province has to be attractive for companies to invest in, so tax revenues will go up.


 

 

 

 


Posted by qualteam at 8:24 AM EDT

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