Budget 2012: Pennywise But Pound Foolish

Marc, Andrew and Toby have posted substantial analyses of yesterday’s federal budget and I have some comments in today’s Hamilton Spectator. My two cents about?the budget’s?economic forecasts follow. Table 2.1 envisions a 7.5% unemployment rate this year, slightly above last year’s rate of 7.4%. That seems like an admission of…
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CLC Analysis of the 2012 Federal Budget

Budgets are all about choices. With unemployment and underemployment still at very high levels and a shrinking middle-class, the federal government could and should have laid the basis for a sustained and broadly shared economic recovery. The federal government should be taking a larger and stronger role in making the…
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CCPA reaction to 2012 federal budget

The Canadian Centre of Policy Alternatives believes that all Canadians will pay the price for a federal budget that will result in significant job losses, weaker environmental protection, and unnecessary cuts to cherished public services. Once the government’s three rounds of spending cuts are fully implemented, they will have resulted…
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Ontario Budget Emulates Drummond

Perhaps the most striking feature of today’s Ontario budget is how close it comes to last month’s Drummond report. Drummond’s preferred scenario for 2017-18 was $134.7 billion of provincial revenue, $117.5 billion of program spending and $15.3 billion of interest payments. By comparison, today’s budget envisions $135.9 billion of revenue,…
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