Wednesday, August 25, 2010
From today’s G&M, a tall of woe in the Province of Ontario. Financial columnist Neil Reynolds tells us that we’re ten times worse off than Californians!:
Now, let’s see. According to the state treasurer, who should know, California (population 36.4 million) has sovereign debt of $60-billion (U.S.) – $1,650 per person. Investors rate California’s [...]
In Angelo Persichilli’s Toronto Star column today, “No one bothers to watch the bureaucrats,” he rightly points out that our country’s bureaucrats have an easy way of it when it comes to doling out taxpayers’ money. The unknown (largely unaccountable) bureaucrats hiding away in their Ottawa and Toronto office towers, are a troubling piece [...]
Brace yourself (again) taxpayers. Ontario Premier Dalton McGuinty wants to sell the HST as “strong medicine” for an economy that needs fixing. Well, it appears he’s traded in his snake oil and fancies himself a medicine man now….
This new tax is designed to take even more money from Ontarians’ pockets to help pay for our government’s grand designs [...]
Our Big Government comes with unthinkable costs. Take for example the $1.1 BILLION cost of hosting the world’s leaders for a few days in June. CBC Reports “Summit costs hit $1.1B”:
The cost of hosting the G8 and G20 summits next month in Ontario now stands at $1.1 billion and further outlays are likely, [...]
1. Law is a necessary evil.
2. Pass as few laws as possible, consistent with the demands of justice and the maintenance of order.
3. Where custom is sufficient, there is no need for law.
4. Do not pass laws that cannot, or will not, be enforced, for such breed contempt for both the law [...]
Did the bags full of money the government threw around to help us from the world’s economic collapse last year help us? Did big government manage us through dire straits?
A new study by The Fraser Institute suggests not. Here’s the lead from today’s CanWest news story:
Canada’s economic fortunes have seen a dramatic turnaround [...]
When considering the spot Canadians are in with out-of-control government spending, political columnist Angelo Persichilli has written a great article in today’s Toronto Star.
It’s politics as usual as deficits mount up
http://www.thestar.com/opinion/article/782554–persichilli-it-s-politics-as-usual-as-deficits-mount-up
He writes:
“You want to cross a wide, deep river but keep going up and down the shore looking for a bridge that [...]
When our governments tell us (as they have these past few years) that they will right our economy by spending gobs of money and buy us out of our economic downturn, we must realize that it all comes at a cost. Bigger government and increased public sector activities have a direct impact on a society’s [...]
The federal government will find it extremely hard to put the brakes on federal spending. Through the past few decades the rolling snowball has just got too big. The run-away-train has picked up speed and momentum.
But, sensing it is losing its base of support among fiscal conservatives, the Harper government presented its rose-coloured forecast [...]
Here are facts on our Canadian debt (caused by big government and un-controlled government spending):
Between fiscal years 2003-04 and 2009-10, the combined rate of inflation and population growth averaged 2.5 per cent. During this period, Liberal and Conservative governments have grown program spending by an average of 7.03 per cent annually.
Canada currently is [...]