I would prefer gov't to trim down, too. Like people, if gov't carries too much blubber around, it becomes really inefficient. Give it a diet and get it to exercise and it becomes lean and efficient. I don't mind the odd deficit here and there, but not a steady diet of it. Seems to me before this economic crunch, Harpy's efforts were winding the national debt clock backwards. I liked that because it meant less money being uselessly spent on interest payments.
And even Clinton's 'surplus' only had the effect of reducing, not eliminating, a US government debt that has been around since WWII! Incredible, they're still paying off WWII debt!
Why do we need to increase government spending? What we need is inteligent spending of what the government already takes in. Some things need to be cut in order to do that. A tax increase would be a bad thing, anyone who pays attention to what they earn and what goes out to all levels of government knows that we are at the saturation point. Any further increase in taxes will have a negative impact on the economy and tax revenue.
A number of years ago, a member of Roy Romanow's government, Pat Lorje, published a column showing the loss of tax revenue each time the PST was increased, and this was an NDP government. It can be summed up as the law of diminishing returns. The more taxes go up, the more people deal in cash, and the less government takes in. That's just the way it is.
Good point. I should add that reducing spending is cool, as long as it isn't like Campbull's methods: reduce education funding, reduce health funding, spend like crazy on the Olys then add a brand new tax (HST).
Loads of people (the provinces, seniors, etc.) weren't happy with finance minister Martin's cutbacks either, especially when he gave nice handouts to his rich buddies.
If the recession is that bad, then the Bank of Canada can lower the Bank rate down to 0% if it wants to. If we're so concerned about unemployment, why are we not asking the government to lower the Bank rate?Quote has been trimmed, See full post:
I understand that raising taxes is usually not a good idea in a recession, but that doesn't mean we ignore balanced budgets; but as mentioned above, simply lowering the Bank rate could help to counter deflation too. In fact, we should have lowered the Bank rate down to 0% before considering any 'stimulous package', and any stimulous package should have been done on revenue (tax increase) or, better yet, on savings from previous budget surpluses accumulated in good economic times, saving for a rainy day (like the ants did rather than just sing all summer like the grasshopper).
Worse case scenario, if lowering the Bank rate right down to 0% should still not put an end to a deflationary spiral, then and only then might I support printing money, with that money going first and foremost towards the debt or, once the debt is paid off if the problem persists, professional or trade training for the unemployed along with ministries of education negotiating compatible standards for various trades and professions across provinces and maybe even countries.
I agree we need to help the unemployed, and one way could be education in a trade or profession, and another could be through negotiations between...
Now you are being unreasonable, Machjo. How can getting rid of the deficit also get rid of the debt, except in the long run? Debt and deficit are two totally different issues.
Suppose USA has 10 trillion $ of debt. The president goes from say 500 billion $ deficit to balanced budget. How is that going to pay off any debt? To pay off debt, a country has to run a surplus for decades, not for a year or two.
Deficit must be eliminated, that is the short term problem. Getting rid of deficit stops adding to the debt, it stops the bleeding, but it does not pay back the debt. So when Clinton ran surplus, I assume he was able to pay off a tiny portion of the debt, but it is unreasonable to expect him to make any substantial dent in the huge debt USA has. That will take decades of balanced budget, running a surplus.
it does nothing to help in the short term and the banks dont mean much to self employed peeps like me as they wont have much to do with us anyways.
Your pretty well on your own when self employed,no help anywhere that I can see and I'm not alone.
I know of many small companys all throughout Canada that are toughing it out on their own yet they will be the ones the govt wont get taxes from this year and judging by all the assessments and reassessments I have got the last 6 months I think it's safe to say they havent figured that part out yet.
I guess the autoworkers needed to keep those high paying jobs and pensions.
Going to school doesnt pay the mortgage payment or put food on the table.The govt. here has allways paid for oilfield training and tickets if your on EI.
I am skilled in pretty well anything industrial,there just isnt any jobs.
The 2 million they sent to my small community created zero jobs,in fact the one guy that landed half for "quad" trails laid off all his guys so he can milk that govt money on his own and the rest went to a consultant to decide if they should turn a dilapidated old coal tipple into some kind of discovery center.
"I am skilled in pretty well anything industrial,there just isnt any jobs."
A genious like you might have considered moving to where the jobs are.
Cockatoo, I am only trying to give you advice that comes from 50+ years of knowledge that I acquired by personal experience.
I left home when I was 17, not just to the next province, but across the ocean.
I worked in lumber camps.
I worked underground in gold, copper, uranium and iron mines.
I always went where the jobs were. Why? Because I had no Momma and Poppa to feed me when I was hungry.
In 46 years of my working life (1957-2003) I was unemployed (and enjoyed every second of it, because it was my choice ) for exactly six weeks.
I never complained, because I was just happy to be in Canada.
YJ, to be fair to Katako though, we need to recognize that the job market has become more knowledge intesive over the years, so unlike in the past where any amount of skill could guarantee one a job, today lack of skill can be a genuine deterrent to employment. Even a skilled and educated person today may find it difficult to switch to a new industry just because each industry will need its own set of skills. That may be the problem Katako has found himself in. He may be highly skilled in his particular industry, but now that jobs are dwindling there, he may not have the necessary skills to switch to another industry.
Just my guess of course.
I have the skills to do pretty well anything in Alberta as far as construction,reclamation,oil and gas leases,pipelines,powerline strutcures,dam construction,civil infrastructure,roadbuilding,logging etc.
I also have done QA inspections on the latter and hold a shifters ticket for the NWT and every oilfield,safety and environmental certificate you can get.
There just isnt any work unless your building houses in Calgary.
I have good news from 2 very big exploration outfits though that confidence in the mineral juinors is rising sharply so next year will be good for gold,uranium and diamond exploration and maybe a few new mines.
Machjo, I am confident that Kakato never faced the signs: "NO CANADIANS NEED APPLY" as I did, pertaining to Hungarians, of course, in the late '50's.
I am also sure he always had an easier time getting understood than I did in the same time period.
I am abolutely certain that finding a job today is no more difficult today than it as in the late '50's.
Desire and willingness might be much weaker, though.
"Nepotism plays a huge role.I watched all my caper and newfy buddys slowly get cut back on hours at one mine so the boss could get his lazy kids,girlfriend,wife and all his unemployed buds up there.I may be Albertan but allmost all my work buds are from the east."
Kakato, you are still just complaning.
Show all the things you have done to get a job: Move to a better location. Spend more time on the internet to find a job. (When I was in your situation there was no internet, I had to use Canada Post). Had to travel hundreds of miles only to find that the jobs had been taken already. Have you checked and double-checked the resumes you sent out (if any) for - I hate to remind you - spelling, punctuation, syntax and grammar? If your resumes are like your posts, no wonder the job offers are not pouring in.
Maybe it is time for you to stop blaming others. Believe it or not, not all people who have jobs got it through nepotism.