Tag Archives: deficit
Why is Ontario’s Government Being So Mean to Its Teachers?
Being in Toronto for the Rimini Conference in Economics and Finance 2012 and standing in the shadow of Queen’s Park has led me to contemplate why the Ontario government is suddenly being so mean to its teachers. After years of Dalton McGuinty as the education premier with an expansion of education funding and programs, the […]
As the Federation Turns: Quetarian Public Finances
Quebec and Ontario, the twin pillars of the Canadian federation, have much in common given that they share the economic space of the Windsor-Quebec axis – an economic region nestled around the Great Lakes-St. Lawrence waterway. Once upon a time, they were even one province but that fiery marriage had its ups and downs and […]
Ontario and its Physicians: Richer Than They Think No Longer
Ontario’s health minister Deb Matthews is moving into a major battle with the physicians in the process of trying to get health care costs under control as part of the provincial deficit fighting agenda. Deb Matthews has on a number of occasions remarked that Ontario’s physicians are the best paid in the country.
Why Dalton McGuinty Desperately Needs a U.S. Economic Recovery
Recent reports suggest that the federal government may be seeing some improvements on the deficit front due to increases in revenue. However, no such luck seems to be gracing Ontario. Indeed, the Drummond’s report forecast of continued lackluster revenue growth for Ontario due to its weak economy has placed Ontario’s government in a bind.
When D-Day Comes, Then What?
On Wednesday, we shall see the unveiling of Don Drummond’s recommendations for the repairing of Ontario’s finances. Quite frankly, I was a little surprised that Drummond Day was not set for February 14th and advertised as a set of tough love policies to highlight the uncompromising bond between Ontario’s leaders and its people but I […]
Are Panic and Posturing Good Ways to Reduce the Deficit?
The Ontario government’s final approach to deficit reduction has begun with selected leaks of economist Don Drummond’s “first draft” of his review via media interviews designed to combine deficit reduction with high drama. A column by Martin Regg Cohn of the Toronto Star titled “Brace for a firestorm across Ontario” outlines cuts as high as […]
Does Dwight Duncan Believe in Magic?
Ontario is Canada’s largest province and befitting its status as the Queen of Confederation, now has the largest provincial debt and deficit in the country. In dealing with the provincial fiscal situation, much rests on the program spending review being conducted by economist Don Drummond. Due to be delivered by the end of January, it […]
Rendering More Unto Caesar
Given that the Christmas season is associated with giving, rendering unto Caesar is a suitable blog topic even if it is compulsory rather than voluntary giving.
Resolving the U.S. Fiscal Crisis
The current debate in the United States over their budget deficit and debt does not appear to be generating solutions that will solve their problem anytime soon. According to the Congressional Budget Office’s analysis of President Obama’s budget proposals, the deficit under the President’s proposals would at first fall, but after 2015 would begin to […]
America’s Dangerous Debt
The budget turmoil in the United States is certainly attracting a lot of attention and of a kind it is unaccustomed to given its global power status. The International Monetary Fund has just urged the United States to outline credible measures to reduce its budget deficit as well as a plan to reduce its massive […]
Worthwhile Canadian Initiative 
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