Archive for the ‘Debates’ Category

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What Kind of Economic Recovery do Canadians Want?

Friday, May 22nd, 2020

Canadians, by a 2 to 1 margin, want governments to spend whatever is required to rebuild and stimulate the economy, even if it means running large deficits for the foreseeable future… Building Canada’s ability to produce key products like food and medical supplies domestically… Investing in strengthening the health system, including universal public pharmacare… Not letting richer Canadians off the hook for contributing their fair share… Helping people who need it the most…

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We must ensure the post-COVID world does not fall prey to socialism

Wednesday, May 20th, 2020

There is a titanic political struggle about to come. The right must start thinking about how to fight it… It will be a conflict in which the natural supporters of free enterprise as the foundation of human progress, and fiscal responsibility as the bedrock of a confident economy, will suddenly find themselves on the back foot… if people are left to turn only to socialist ideas in the wake of these terrible weeks, today’s tragedies will turn into the lifelong torment of tomorrow.

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Ontarians getting income support aren’t gaming the system

Wednesday, May 13th, 2020

The suggestion that Canadians are choosing not to work — and not simply out of a job because of, you know, a global pandemic — seems to imply that folks would rather take money from the government than put in an honest day’s work. The real problem isn’t that $2,000 might disincentivize people from looking for work. The real problem is how people can live on that amount, considering, for example, that the average rent in Canada, as of March, was $1,842.

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Child care is essential to our economic recovery

Tuesday, May 12th, 2020

Even before the pandemic there wasn’t enough regulated child care, and in most communities it was far from affordable. This is the time to change that. Government funding for child care provides direct jobs for women, who have suffered higher job loses and reduced hours in the pandemic, and it enables other women to rejoin the workforce… How Ottawa and the provinces move forward will be evidence of whether governments have learned from this crisis…

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Canadians need child-care benefits to withstand a COVID-19 recession

Monday, May 11th, 2020

… our national child-care support program – the Child Care Expense Deduction (CCED) – has two flaws that will make it unsuitable for an uneven economic recovery, as predicted for Canada, as well as for primary caregivers with school-aged kids at home… The CCED must be claimed by the lower-income spouse and the amount deducted cannot exceed two-thirds of their income… As a result, the CCED is stingy for low-income families and significantly more generous for higher-income families…

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Pandemic proves value of guaranteed incomes

Saturday, May 9th, 2020

We know that we will emerge from this crisis with higher levels of unemployment than we have seen in two generations. We should be prepared for a winter ahead into which millions of Canadians will be headed broke, unemployed and close to despair… It might lead to the most transformational changes in today’s rich but increasingly divided and unequal economies since Bismarck invented the public pension system, nearly 140 years ago.

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A progressive approach to COVID-19 recovery

Sunday, May 3rd, 2020

a COVID-19 recovery strategy, governed by progressive principles and values, would look something like the following : 1. Prioritize the needs of people… 2. Reinforce people’s economic and social rights… 3. Public investment… 4. Transition to greater national self-sufficiency in some sectors… 5. Spend what it takes… In implementing all of the above, dogmatism should be avoided.

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How is Ottawa going to pay off its COVID-19 debt? With any luck, it won’t have to

Tuesday, April 28th, 2020

… the country’s long-term fiscal game plan is likely to look like the one that financed the Second World War… In the 30 years after the war, Canada did not pay off the national debt. It even added to it… The reason was economic growth. The debt was large and growing, but the economy grew slightly faster. That’s how Canada got rid of its war debt without literally paying it off… borrowing costs, low then, are at record lows now.

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COVID-19 prompted previously unthinkable spending from Ottawa. Here’s how it will reshape our future

Saturday, April 25th, 2020

… just two months ago… COVID-19 management gripped our economy and we collectively decided to put health and well-being above — far above — economic growth and fiscal discipline… but few foresaw a lockdown that is now more than six weeks long, with many more to come. Few could predict that the cost would be so enormous. But the most surprising part? The consensus that it’s all still worth it is holding strong.

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COVID-19’s impact: not recession, but a completely different economics

Saturday, April 11th, 2020

… sectors hit first like education and child care, retail, personal services and restaurants [are] more female-dominated… They are paid less, are more likely to have part-time or temporary work, and are less likely to have or be able to enforce protections like sick leave and sick pay… the service sector’s gender-skew challenges governments to improve existing income supports to prevent desperate and counter-productive economic survival plans.

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