November 2015
PAUL MARTIN: THE IDOL OF FISCAL CONSERVATIVES
Recently Brian Crowley published two articles in the Globe and Mail arguing that deficits “don’t promote economic growth” and “stimulus proponents disregard dangers of deficits at their peril”. Fortunately, in the last election, the majority of Canadians didn’t agree with him. They elected a government that is prepared to invest in the future and run deficits.
Read More
ADVICE FOR THE MINISTER OF FINANCE
Last Friday, you presented your first Update of Economic and Fiscal Projections. Not surprisingly, the outlook has worsened since the April 2015 Budget. During the election, you based your platform on the 2015 Budget projections, adjusted using a July PBO report. That adjusted forecast projected a surplus of $7.2 billion in 2019-20, allowing you to claim a balanced budget in 2019-20, after incorporating the net impact of your election promises.
Read MoreLETTER TO THE HONOURABLE SCOTT BRISON
The Honourable Scott Brison
President of the Treasury Board
Government of Canada
House of Commons
Ottawa Ontario K1A 0A6
Dear Minister
Congratulations on your re-election to the House of Commons and your appointment as President of the Treasury Board. We welcome your appointment to this key Cabinet position and are confident you will serve it well.
Read MoreADVICE TO THE MINISTER OF FINANCE; STOP BEING A CONSERVATIVE
The Parliamentary Budget Officer (PBO) has handed the new Liberal Government its first bit of bad news. In his latest Economic and Fiscal Update, the PBO is forecasting deficits of about $4 billion a year to 2020-21. His latest Update does not include the cost of the Liberals’ election promises.
Read More