Posts Tagged ‘budget’

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Trudeau just green lit a ‘basic income’ for Canadians

Friday, April 3rd, 2020

… a basic income will cost $43 billion annually to implement across Canada. If we factor in provincial income assistance – and get rid of this inadequate cluster of systems – we’re down to $23 billion dollars a year… Incidentally, that’s what we pay every year to make the Canada Child Benefit happen – and not quite half the cost of both the OAS and GIS… let this pandemic be a catalyst for permanent action to stabilize the lives of millions of Canadians and create a healthier, more equitable Canada.

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Posted in Social Security Debates | No Comments »


Ottawa steps forward as COVID-19 crisis puts provinces in desperate straits

Thursday, April 2nd, 2020

… temporary programs have a way of turning into permanent entitlements. Through the Canadian Emergency Response Benefit, which pays suddenly unemployed workers $2,000 a month, “we might have backed ourselves into some sort of universal basic income,” … We may have accidentally federalized welfare… The problem with creating a basic income more or less by accident is that no one knows how to pay for it, or how it would adapt to regional realities.

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Invest in colleges now to rebuild Ontario after COVID-19: OPSEU

Thursday, April 2nd, 2020

“It takes $4.7 billion to operate Ontario’s colleges… About $1.1 billion – almost a quarter – comes from international student tuition. As the government has cut funding, colleges have relied more and more on international students to make up the shortfall. With COVID-19, and without joint problem solving, that income will dry up – and so will college revenues. We’re looking at a postsecondary education catastrophe in the making.”

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Posted in Education Delivery System | No Comments »


They’re World War deficit levels, but not the biggest or the baddest yet

Wednesday, April 1st, 2020

The deficits being projected now look to be roughly 5 to 8 per cent of GDP… The 1984 deficit was 8.1 per cent of GDP, when the economy was recovering from the 1982 recession and interest rates paid on the national debt were high. But in those terms, the deficits are not on the scale of the Second World War, when military production and defence spending pushed the annual deficit to 23 per cent of GDP in 1943. A comparable deficit in 2020 would be nearly $500-billion… Canada has seen worse.

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Innovations in health care during the COVID-19 pandemic

Wednesday, April 1st, 2020

The now viral Twitter-based #caremongering campaign is a great example of how Canadians come together during times of crisis to look after one another… one of the most striking examples of virtual #caremongering is displayed by OpenLab’s Friendly Neighbour Hotline… the unbelievably rapid response to creating new international randomized trials of different therapies for COVID-19 is like none we have ever seen before.

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Posted in Health Delivery System | No Comments »


Trudeau says businesses, non-profits, charities all eligible for wage subsidy

Monday, March 30th, 2020

The federal government has vastly expanded the 75-per-cent wage subsidy for small businesses to include large companies as well as charities and non-profits to encourage them to keep workers on the payroll during the COVID-19 pandemic. Prime Minister Justin Trudeau told his daily news conference Monday that the generous subsidy will be open to any business or organization that has suffered a 30-per-cent drop in revenue as a result of the coronavirus.

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Ottawa Delivers 1-2 Punch To Prevent Layoffs And Mitigate Economic Harm

Sunday, March 29th, 2020

Across the economy, businesses and not-for-profits are losing revenue and laying workers off. A chain reaction from job loss would be a major reason why people anticipate a deep recession and double-digit unemployment. In this edition of Graphic Intelligence, we show how Ottawa’s announcement to cover wage costs alters the chain reaction and mitigates the economic impacts of COVID-19.

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Keep it quiet, but universal basic income is coming

Friday, March 27th, 2020

The rise of fascism and the Second World War required the creation of the full welfare state (which was previously restricted to meagre old age pensions) to avoid a replay the next time the economy tanked. The current emergency may be fostering the rise of ideas previously seen as too radical to contemplate, but nobody is saying “universal basic income” yet.

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There is no perfect economic response for Canada’s coronavirus shutdown

Friday, March 27th, 2020

There’s been a flurry of debate about the best method to get help to individuals in this crisis. Should it be delivered by way of targeted income-support programs, such as the CERB? Should the money instead go to employers, in the form of a wage subsidy, enabling them to keep paying their employees, even if they aren’t doing anything? Or should the government just mail everyone a cheque… the amount depending on their income – a universal, if temporary, basic income?

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A rescue package includes expanding medicare

Wednesday, March 25th, 2020

… as we are seeing an unprecedented collective effort to protect Canadians in the acute phase of this crisis, we also have an opportunity to ensure that every person living in Canada has access to the essential medications and dental care they need, regardless of employment status, to protect them against ongoing and future instability… On dental care, Canada has one of the least accessible systems in the developed world. Only 5 per cent of all spending on dental care is publicly funded

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Posted in Health Debates | No Comments »


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