Coherent Identifier About this item: 20.500.12592/tqzf75

A budget for the rest of us : Alternative federal budget 2012

2012

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Summary

The opinions and recommendations in this report, and any errors, are those of the authors, and do not necessarily reflect the views of the publishers or funders of this report. [...] While Prime Minister Harper was at Davos signaling major cuts to Old Age Security in the forthcoming budget, the leaders of 11 international or- ganizations — including the International Monetary Fund, the World Bank and the World Trade Organization — issued a joint statement warning about the economic and social risks of austerity programs.1 A Budget for the Rest of Us: Alternative Federal Budget [...] Few of the hundreds of thousands of discouraged workers who left the workforce when jobs disappeared during the recession have returned.3 Most Canadians believe we are still in a recession, though it officially ended 18 months ago.4 This is hardly surprising in an environment where high unemployment and falling incomes are the new normal, where the gap between the rich and the rest continues to wi [...] Given the lack of individual currencies and central banks in each of these coun- tries and the unwillingness of the European Central Bank to dramatically expand its balance sheet, or of the core EU countries to stimulate growth through income transfer programs to periphery countries, it is likely that the European debt crisis will drag on through 2012. [...] In fact, it is in part the result of a structural shift away from the stabilizing influence of the federal government in the Canadian economy.

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environment government education politics budget economics economy poverty taxation recession canada business employment free trade government spending policy investments labour tar sands tax ceta jobs deficit city job ppp society economic inequality austerity comprehensive economic and trade agreement p3 dépenses publiques

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