Canadian 2011 Federal Government Budget
TD Economics' helpful analysis of the 2011 Federal Government budget.
The government is likely to be defeated over this budget with a Federal election soon to follow.
Pdf below -- Federal Government Budget 2011
Finance Minister Jim Flaherty's short-lived budget offers few clues how Ottawa would make its $40.5-billion deficit vanish.
For five years now, Canadian small-c conservatives have been waiting for Stephen Harper’s government to make good on its market-oriented ideological pedigree and aggressively trim back our overgrown welfare state. Unfortunately, the message they got from Finance Minister Jim Flaherty on Tuesday is: Keep waiting.
For seniors and those with young families, the proposed budget was bittersweet, offering some welcome income tax breaks, but not enough to make a real difference for those trying to make ends meet.
Finance Minister Jim Flaherty walked into the House of Commons Tuesday ready to play poker. What may have surprised him is just how quickly NDP leader Jack Layton moved to call his bluff.
Opposition leaders have signalled they will not support the Conservative budget, making a spring election all but inevitable.
The Budget is a blueprint for how the Government wants to set the annual economic agenda for Canada.
Pdf below -- Canadian Federal Government Budget 2011
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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©
Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.
The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.
When too few get too much everybody loses.
Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.
Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society that are unintended but wonderful?
Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways that are good for society and the economy.
My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.
Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.
Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.
Public policy should be designed to decrease inequality before the law and increase equality of opportunity.
Capitalism is not the problem; the problem is what we do with capitalism.
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Let the state regulate and the market operate (most things).
Welfare strategies are best designed as a hand up, not as a hand out.
Political debate should not be fact free fighting.
Explanation lasts longer than eloquence.
Always favour empowerment over dependency.
The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.
Find your voice and don't be the echo of somebody else.
It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.