Forums before death by AOL, social media and spammers... "We can't have nice things"
|    ont.politics    |    Ontario politics    |    90,757 messages    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
|    Message 89,431 of 90,757    |
|    pøliticoßoy@nyb.com to All    |
|    The Budget - and Harper's sleight-of-han    |
|    23 Apr 15 17:22:17    |
      XPost: can.politics, bc.politics, ab.politics              CBC - Posted: Apr 22, 2015 Chris Hall       National Affairs Editor                     Joe Oliver's promises-kept budget. Ignore the sleight of hand       [- - - ]              If there's one theme coming out of Tuesday's federal budget it's this — the       Conservatives are more interested in telling Canadians what they've already       done for them than what they intend to do.              And that's what makes this budget, delivered just a few months before the       Conservatives are set to go to the polls in search of a fourth consecutive       mandate, so interesting.              The focus, in both the budget documents and Finance Minister Joe Oliver's       speech, is on reinforcing the Conservative brand as Stephen Harper would have       it.              It begins with the budget's title: Strong Leadership: A Balanced Budget,       Low-Tax Plan for Jobs, Growth and Security. The phrase "the Harper Government"       is back after a lengthy hiatus.              Promises, Oliver said, have been kept.              "We have cut taxes to their lowest level in more than half a century," he told       the Commons early in his budget speech. "We have made the largest long-term       federal infrastructure commitment in our country's history."              The books are not only balanced on time, but Oliver is forecasting a modest       $1.4 billion surplus. What investments there are will be strictly focused to       promote the automobile industry, small business and national security.              The beneficiaries of new tax cuts are important Conservative voting       constituencies: parents with children. Small business owners. Seniors.              "For generations Canadian families have understood the path to prosperity,"       Oliver said. "Don't compromise tomorrow by spending recklessly today. Don't       pile on debt you can't afford. And invest sensibly for a secure future."              The Conservatives, Oliver said, have the same principles.              "We have been prudent. We have been practical. And we have stuck to our plan.''                            Sleight of hand              Mind you, none of those things stopped this government from employing a little       fiscal sleight of hand.              To get to balance, Ottawa sold its remaining shares in General Motors.              The $3-billion contingency fund was cut to $1 billion.              EI premiums will continue to take in more than the fund pays out to the       unemployed. All together, those decisions gave Oliver billions in additional       revenue.              And then there's the spending.              Topping the list, a new Public Transit Fund. The investment of $1 billion       seems small, but the news isn't the amount, it is how the money will be spent.              Ottawa will no longer cover its usual one-third share of construction costs;       instead it will cover the loan payments taken out by cities to improve public       transit, with a goal of helping finance more projects, over a longer period of       time.              The government also announced it will spend nearly $300 million more on       national security.              But the catch in both initiatives is in the fine print.       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^              Spending on security starts out small, and grows over time.       The Public Transit Fund, and new spending on defence, don't kick in until 2017,       leaving the government wiggle room to backtrack if the economy stalls.              Promising the money will be spent AFTER the election also provides an incentive       for Canadians to stay with the Conservatives. At least that's the thinking.              One commitment won't be re-thought. The Conservatives' already announced plan       to allow income splitting by parents with children is untouchable, despite its       $4.5- billion price tag.              It's the foundation of the government's family-first agenda, and a significant       piece of the budget's claim that the average two-earner family has $6,600 more       in their pockets under the Conservatives.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
(c) 1994, bbs@darkrealms.ca