We got it wrong on austerity and made things worse - IMF

petros

The Central Scrutinizer
Nov 21, 2008
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The IMF...need money? Just create National Parks as collateral or hand them over to UNESCO.

Prime Minister Stephen Harper announces new national park | Canada | News | Toronto Sun

How do you like the bridge the new park bought?



Shand Power Plant


t


paid for by



In the process, Shand and Grasslands also created a monster known as Elizabeth May.
 

damngrumpy

Executive Branch Member
Mar 16, 2005
9,949
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kelowna bc
Austerity programs are sometimes very useful to adjust an economic situation. Perhaps
to cool an economy off if inflation takes over. There are also times after or during a
minor recession to adjust and reposition and economy for future growth.
Governing by austerity instead of reality is detrimental to the society as a whole. We see
some governments use austerity instead of raising the appropriate taxation levels to meet
the reality the society is facing. The end result, no infrastructure repairs and the cost is way
higher later. We don't pay our way and leave it to another generation. Even worse we
pretend we are living in a new reality and sooner or later there are too many problems and
not enough money to solve them. Yes we don't collect enough tax and we do things on the
cheap and it costs more to fix it.
The other insane way of life is to deny we have a problem and Greece is the largest example.
True Italy has more debt but the have more wealth. Greece has so many holidays and optional
holidays they rival ancient Rome that had something like 146 holidays, but of course slaves did
all the work anyway.
The other problem is we have austerity without an adjusted economy of scale. Now we have
nations lots of them Ireland, Greece, Iceland, Italy, Spain, Portugal, even Britain in financial
trouble. America is a mess, Canada is a disguised mess, even China is in trouble.
They were in trouble when governments and unregulated corporations were allowed to ply
unfounded unfettered capitalism and it resulted in the gold rush of greed for which none of them are
being held responsible for. Now there is severe austerity that effects the buying power of the
middle class and the poor but not the wealthy, nor the corporate or government actors who in
fact created the problem. In my view without ensuring that all do their part austerity translates into
regulated poverty and therefore is not in the best interest of society as a whole.
Taxation, programs and governance must reflect the reality of the society we live in.
 

PoliticalNick

The Troll Bashing Troll
Mar 8, 2011
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I can support that, but understand that gvt freebies will dry up pretty fast as a result.

The important thing is for us, the citizens, to determine what is essential services (education, healthcare, security, CPP etc) and demand that those are fully funded and the govt, if not allowed to run a deficit, will adjust taxes accordingly. Anything deemed non-essential does not get any govt funding unless the citizens agree to it in a referendum.
 

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
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A Mouse Once Bit My Sister
The important thing is for us, the citizens, to determine what is essential services (education, healthcare, security, CPP etc) and demand that those are fully funded and the govt, if not allowed to run a deficit, will adjust taxes accordingly. Anything deemed non-essential does not get any govt funding unless the citizens agree to it in a referendum.


The public has been handed any - and everything - that they want for so long that virtually everything is deemed an essential service. In the end, IF the public at large is expected to fund all of the programs on a cash basis, you'll soon observe that the systems get a helluva lot leaner and thinner
 

petros

The Central Scrutinizer
Nov 21, 2008
119,181
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Low Earth Orbit
The public has been handed any - and everything - that they want for so long that virtually everything is deemed an essential service. In the end, IF the public at large is expected to fund all of the programs on a cash basis, you'll soon observe that the systems get a helluva lot leaner and thinner
Read this book. It's a horror story with Frankenpolitics and t all ties into how Grasslands National which just happens to be some of the sweetest NG fields as well as Bakken resources came to be.

“Dams of Contention” examines reservoir controversy | Arts & Entertainment | Estevan Lifestyles, Estevan, Saskatchewan

National Parks contain unbelieveable wealth in resources all locked away as collateral.
 

WLDB

Senate Member
Jun 24, 2011
6,182
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Ottawa
Anything deemed non-essential does not get any govt funding unless the citizens agree to it in a referendum.

I've always been against referendums. We either have a representative democracy or a direct one. Both doesnt make much sense. In California the citizens and the government are constantly undoing each other. You get your say when you vote for your representative.
 

PoliticalNick

The Troll Bashing Troll
Mar 8, 2011
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I've always been against referendums. We either have a representative democracy or a direct one. Both doesnt make much sense. In California the citizens and the government are constantly undoing each other. You get your say when you vote for your representative.

No I don't because they represent the corporate donors instead of the people. All of them. Until we make some constitutional amendments making them accountable to the people at all times that will not change. In this day & age of the internet and advanced communications we could easily let the MPs propose legislation and let the citizens vote on them. It would force a change in the way Ottawa does business.