Designed to Fail: Harper’s Nickel and Dime Budget

The 2011 federal budget was clearly designed to fail and provoke an election.  It only went part way to meet some of the opposition parties’ priorities while also showering the country with dozens of different politically opportunistic relatively minor spending measures, extensions of expiring programs and boutique tax cuts.   Quite appropriately, it became D.O.A.–and now we’ll soon be into an election. What’s concerning […]

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Budget 2011: Smells like 1995

Back in 1995 Finance Minister Paul Martin introduced a budget that reshaped fiscal federalism and retrenched the scope of the welfare state in Canada. It envisioned a dramatically smaller role for the federal government, a role that was permanently in question through the process of ongoing program review. It was Paul Martin’s permanent revolution, for the federal public service. Today’s […]

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So you think you can budget!

With the Alternative Federal Budget (AFB) officially released, you’d think the budget gnomes at the CCPA would have some much deserved time off.  Unfortunately with the snow still falling in Ottawa, we figured we’d put them back to work. Every year, the AFB puts together ideas from all of the partners involved.  Once everything is said and done, those ideas […]

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An Alternative Budget: Making Jobs, Not War

This piece was initially posted on the Globe and Mail’s online business feature, Economy Lab. Join the comments section! For 18 years I’ve been part of a national project in participatory budgeting called the Alternative Federal Budget. Each year dozens of national and community organizations representing millions of Canadians convene over a six month period, debating and costing out measures […]

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What Kind of a Budget?

I’m finding the run-up to the federal Budget (widely expected March 22nd) more than a little frustrating. There is certainly  no sharp public policy debate regarding budget priorities. The dominant media frame reinforces the Conservative message that 1) recovery is underway 2) the federal books have to be balanced and 3) tax increases are bad. This frame excludes discussion of […]

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Austerity Canadian-Style, Now in Britain? Pity

This appeared in the Globe and Mail yesterday. You can add your comments to the discussion here http://www.theglobeandmail.com/report-on-business/economy/economy-lab/the-economists/austerity-canadian-style-now-in-britain-pity/article1796379/ Budget plans in the UK drove 50,000 students into the streets this week. They were protesting proposed public spending cuts that could double or triple university tuitions. We’ve seen this movie, and it does not end well for students.

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Now is Not the Time for Spending Cuts

The CCPA today released a paper I wrote (“Big Train Coming” )as a framing piece for the Alternative Federal Budget and the upcoming federal and provincial debate over the turn to austerity at a time of high unemployment. Here is the media release: “Given the fragile economic recovery and the weak job market, now is not the time for a […]

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Balancing Budgets – What Harper Should Be Worried About Now

In the past few weeks some of Canada’s most respected economic authorities, including Bank of Canada Governor Mark Carney, have voiced concerns over the fragility of the recovery, globally and at home.  Now Paul Krugman joins that chorus of Cassandras, pointing his finger straight at the wishful thinkers who say Canada’s heavy lifting is done when it comes to economic […]

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BC’s super-fudge-it budget

Under the “we told you so” category, I am filing the BC public accounts for 2009/10. The province closed the year with a deficit of $1.8 billion. As Will McMartin comments in The Tyee: … B.C.’s public accounts for the fiscal year 2009/2010 conclusively prove that the pre-election fiscal plan foisted on British Columbians by Premier Gordon Campbell and his […]

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BC’s carbon tax turns two

With all of the attention focused on the HST implementation on July 1, most people seemed to miss the next increment of that other much-hated tax, BC’s carbon tax. As of July 1, the carbon tax is now $20 per tonne of CO2, or about 4.6 cents on a litre of gasoline. And like any two-year old, this toddling tax […]

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Alberta’s Revenue Problem

I recently had the pleasure of making a couple of presentations on public finances in Alberta. In February, I spoke at the “Remaking Alberta” conference in Edmonton. This past week, I served on an Alberta Federation of Labour (AFL) panel in Calgary with Todd Hirsch from ATB Financial and Roger Gibbins from the Canada West Foundation. Like other provinces, Alberta […]

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Ontario Budget: Federal-Provincial Relations

My post on the night after Ontario’s budget hit the key features. However, the budget had a couple of other interesting aspects from a federal-provincial perspective. Childcare Funding Some progressive voices trumpeted the provincial budget’s allocation of $63.5 million annually to replace discontinued federal funding for childcare spaces. While the Ontario government finally made the right decision on this file, […]

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Quebec Tax Changes

The comments on my post about Ignatieff and corporate tax cuts have turned into a debate about Quebec’s recent budget. In particular, Stephen Gordon has thrown down the gauntlet: The Quebec budget includes measures to increase incomes of low-income households. Why would self-described progressives dismiss that? . . . Just what is the goal of the PEF? Because I’m having […]

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Ontario Budget

Today’s provincial budget continues previously announced stimulus in the short term and projects severe, but largely unspecified, spending restraint in the long term. The most surprising new measure, a lower electricity rate for northern Ontario industry, is of little fiscal significance (costing just 0.1% of the budget). A less surprising measure of potentially greater fiscal significance is the attempt to […]

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Tales from the Mouth of the Fraser: Did Stimulus Spending Play a Role in the Recovery

Yesterday, the Fraser Institute published a new report, which argues that the government stimulus did not drive Canadian economic growth in the last two quarters of 2009 and suggests that government spending on infrastructure was useless for the economy. The report earned the scorn of Finance Minister Flaherty, who was quoted in the Vancouver Sun calling the report “poorly done […]

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CUPE federal budget analysis — and video!

I’ve been remiss in not posting information about and links to the federal budget analysis that we did at CUPE, as Paul Tulloch had urged on this blog.   In addition to the press release we issued, there’s an overview and summary that I prepared on budget day, and a dozen really good detailed issue sheets that different CUPE researchers prepared about the […]

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McGuinty’s Super Privatization

The front page of today’s Toronto Star reports, “The Ontario government is looking at creating a publicly held $60 billion ‘super corporation’ of assets such as the Liquor Control Board of Ontario and Hydro One and then selling a minority share to private investors.” It would also include the province’s other major Crown corporations: Ontario Power Generation and Ontario Lottery […]

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The Xerox Budget

Analysis of the 2010 Federal Budget by David MacDonald, coordinator of the CCPA’s Alternative Federal Budget: If there was any policy recalibration due to prorogation, it was on their photocopier as 94% of this budget’s spending has already been announced.  The problem when you photocopy your work is that you don’t learn anything from the process.  That is certainly true […]

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A whimper of a federal budget

I did not make it to the federal budget lock-up, and having pored over the document I am pleased to say I missed it. There is very little in this budget that one would expect of a budget in the midst of a recession (the GDP numbers have turned up, I know, but unemployment is still high and could continue […]

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BC Budget 2010: Steady as she goes

[Notes from Marc and Iglika] For a document titled Building a Prosperous British Columbia, the 2010 BC Budget is underwhelming in its ambition. Budget 2010 shows a government talking a lot about the legacy of the Olympics but lacking any coherent vision of how translate upbeat sentiments into real improvements in British Columbians’ standard of living. This budget says “steady […]

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A Short History of Fiscal Constraint

As the budget yak-fest approaches, the focus is on how we’re going to balance the books. People pointing out we have bigger fish to fry – like making a dent in the nation’s $125 billion infrastructure deficit, addressing growing poverty, or preparing for a massive wave of retirements – are viewed as off-topic. But simply balancing the books is what’s […]

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Ontario Budget Advice

Last Monday, I testified twice to the Ontario legislature’s finance committee: as an “expert witness” and then on behalf of the United Steelworkers. I emphasized the provincial deficit’s manageability, the folly of trying to reduce it through cutbacks or privatization, the importance of maintaining tax rates to bolster future revenues, and the advantage of targeted measures to create jobs rather […]

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CFIB on Ontario’s Budget: A Reality Check

Ontario’s pre-budget consultations include a session for which each party caucus selects an “expert witness.” This year, the Liberals invited Warren Jestin from Scotiabank, the Conservatives invited Catherine Swift from the Canadian Federation of Independent Business (CFIB) and the NDP invited me. In general, my role was not to engage with the other witnesses. The Conservatives asked me about CFIB’s […]

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First the party, then the hangover

It’s shocking to think that the 2010 Winter Games are now exactly one month away. Yes, the banners are dropping down the side of downtown buildings; huge tents are being erected anywhere there is open space; advertising from any but the Olympic sponsors has all but disappeared (I hereby challenge any Olympic athlete to eat McDonald’s daily between now and […]

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Job-Creation Needed

Both employment and unemployment edged down between November and December, reflecting a smaller total labour force. This news raises concern that some jobless workers are leaving the labour force altogether. However, the labour-force decrease was only 9,000, far smaller than the previous monthly increase. Overall employment changed so little because private-sector payrolls stabilized. While stability is welcome after the recent […]

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