June 2014
IT'S ALL ABOUT JOBS STUPID
In a previous article, we applauded Tim Hudak for giving Ontario voters a clear choice about the future of the Ontario economy and indeed the Canadian economy. Ontario, after all, makes up 40 percent of the Canadian economy. If the Ontario economy is not doing well, then the Canadian economy will not being doing well.
On Thursday, Ontario voters will make a choice about the future of Ontario.
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BALANCED BUDGET FOR 2014 CLEARLY WITHIN REACH
The federal deficit for the period 2013-14 was estimated at $12.1 billion, an improvement of $6.6 billion from the same period last year. Although these are not the final results for fiscal year 2013-14, they clearly indicate that the deficit for the year as a whole will be much lower than the Budget 2014 estimate of $16.6 billion and significantly raising the possibility of a balanced budget/surplus in 2014-15, one year ahead of the Government’s commitment. Final audited results for 2013-14, however, will not be released until the fall of 2014.
Read MoreMAKING SENSE OF THE JOB NUMBERS
During elections, all political parties try to “produce” numbers that show their proposed policies are better than the proposed policies of their opponents.
So far there are four numbers for the Progressive Conservative Party (PC) that have attracted a lot of media attention: the number “1,000,000”; the number “100,000”; the number “3”; and the number “$7.4” billion.
Putting out too many numbers runs the risk of attracting a lot of criticism.
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