the winnipeg sandbox
Well, yes and no. If we hadn't cut the GST we would be borrowing less money to pay for the stimulus (assuming they actually spend the money they claimed was going to be spent) but now we will be paying interest on the extra borrowed money rather than having the same amount of money generated from the GST but wouldn't need to pay the interest on it. So it depends in the amount we'll be paying in interest is more than how much the stimulus plan was reduced because of the extra money going into the economy due to the GST cut (would the plan need to be $1-2 billion higher to achieve the same results if the GST wasn't cut, or we would be running deficits for one year longer, etc). It's not just "we spend more money in the economy so everyone's happy" when we are dealing with an issue that causes us to bail companies out when other economies aren't spending money in ours. Much more complicated than that.Freeman wrote:The CCPA is a bastion of socialism and I would expect nothing else from them. To say that we would be better off if the GST had NOT been reduced is typical of their thinking. More money that we can leave in the hands of the people who actually earn it is a good thing, because we can spend it and thats what keeps the economy moving.
grumpy old man wrote:It is such a comprehensive topic that a few paragraphs hardly does it justice. That said Canadians are the envy of most of the world. We have a grand lifestyle. Great education. Decent health care.
The biggest waste of taxpayer monies is the bloated bureaucracy and the bureaucratic redundancies. If we could find a way to manage that we could have better services at a lower cost.
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