Wednesday, September 2nd12.4°C
26775
27284

Stephen Harper must abandon obsession with austerity in budget: Liberals

OTTAWA - Deputy Liberal leader Ralph Goodale is urging the federal Conservatives to abandon what he calls their obsession with austerity in Tuesday's budget.

The former finance minister says it's the wrong policy when households are carrying record levels of debt, the country is running a chronic trade deficit and businesses aren't boosting their investments.

Goodale says the government should allot more money for infrastructure and access to post-secondary education, while eliminating tariffs on consumer goods and reducing the burden of higher employment insurance payroll taxes.

He says the Tories should also stop spending millions of taxpayer dollars on advertising unless there's some accountability on how that money is spent.

Goodale says he doesn't know whether the Tories should delay their self-imposed deadline of 2015 to balance the books because he doesn't have access to all the financial information they do.

But he says he's skeptical of the Conservative math because they're planning to balance the books, in part, by simply not spending the money they've promised in the budget.

"On one page of the budget plan, you announce big spending in things like infrastructure or national defence, for example," he said.

A few pages later, however, the government says it won't be spending that money after all.

"That's a great hocus-pocus sleight of hand that really raises serious doubts about the government's arithmetic."

Finance Minister Jim Flaherty insists he won't balance the books on the backs of the provinces, but that's not the case, said Liberal MP John McCallum.

Ontario has already complained that its equalization payments are being cut and Prime Minister Stephen Harper is trying to claw back money Ottawa gives the provinces for a contentious new federal jobs training scheme that's yet to be created.

"I do think he's showing signs of riding roughshod over the provinces in his efforts to balance the federal books as quickly as possible," McCallum said.

The Canadian Press


Read more Business News

27509


Recent Trending




Today's Market
S&P TSX13481.90-377.22
S&P CDNX547.97-11.51
DJIA16058.35-469.68
Nasdaq4636.10-140.40
S&P 5001913.85-58.33
CDN Dollar0.7547+0.0002
Gold1140.40+1.70
Oil44.54-0.87
Lumber233.50-1.50
Natural Gas2.672-0.030

 
Okanagan Companies
Pacific Safety0.175-0.010
Knighthawk0.010.00
QHR Technologies Inc1.18-0.05
Cantex0.04-0.01
Anavex Life Sciences1.32-0.03
Metalex Ventures0.05-0.00
Russel Metals21.21-0.90
Copper Mountain Mining0.62-0.01
Colorado Resources0.085+0.010
ReliaBrand Inc0.0045+0.0005
Sunrise Resources Ltd0.015-0.005
Mission Ready Services0.085+0.000
Decisive Dividend Corp2.50-0.25

 





FEATURED Property
2245122 #202 - 881 Academy Way
2 bedrooms 3 baths
$329,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_








Member of BC Press Council


26680