United we stand…

After three months in office, Stephen Harper’s Conservative government has ramped up federal spending by $40 billion over its Liberal…

After three months in office, Stephen Harper’s Conservative government has ramped up federal spending by $40 billion over its Liberal predecessor.

That’s a 25 per cent increase in the cost of government.

Is Canada better off today?

A global recession is certainly sapping the nation’s momentum, but the increased spending combined with billions in tax cuts hinders the national government’s ability to respond to the deepening crisis.

Two cents shaved off the GST did little to bolster spending during the red-hot consumer binge, but has now deprived Ottawa of billions that could come in handy in the face of the recession.

Rather than pursue a cap-in-trade system, Harper pandered to the oil industry’s preference for a cap-in-hand strategy. He transferred billions in tax exemptions to that industry.

Today, these and other fiscal choices Harper has made seem questionable.

When Harper took office, the government boasted a $12-billion surplus.

Now it’s gone.

As well, Harper eliminated Ottawa’s $3-billion contingency reserve.

Now, with the national economy faltering, Harper is talking about running a deficit, something he suggested was ridiculous while on the campaign trail less than a month ago.

Canadians paid a heavy cost to reverse the previous national deficit.

 That effort led to a national government with strong finances that was able to respond to crises, while maintaining existing services and benefits.

After just three years, during a time of unprecedented growth, Harper’s dual strategy of excessive government spending and tax cuts has landed Canada on the cusp of yet another deficit.

It is beyond time that Canadians began questioning the national tax-cut strategy.

The choice is this: During times such as these, is it more prudent to give an individual or a corporation another tax break?

Or should the nation hold the money and use the tools at its disposal to bolster services in regions hammered by the financial crisis, perhaps staving off a deeper financial mess?

It is the choice of the individual over the collective.

And throughout history, people have handled crises better when working together than when standing alone.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Yukon could enter Phase 3 of COVID-19 reopening plan beginning of August, CMOH says

About 350 British Columbia residents have entered the Yukon since July 1 under new travel bubble

Recount confirms Charlie elected chief of Liard First Nation, Morgan threatens legal action

Recount held July 6 narrowed the margin between Stephen Charlie and George Morgan to just four votes

Vuntut Gwitchin First Nation, citizen both set to appeal residency requirement ruling

VGFN filed an application for an extension while Cindy Dickson filed a notice of appeal

WYATT’S WORLD

Wyatt’s World for July 8, 2020

Motorcyclist, car passenger dead after crash on Alaska Highway near blue bridge

Motorcycle rider, 43, from Whitehorse and car passenger, 47, from Manitoba pronounced dead at scene

Tr’ondëk Hwëch’in schedule byelection for chief

The byelection to select the next Tr’ondëk Hwëch’in chief will happen on… Continue reading

Carcross/Tagish First Nation election recount called off

Carcross/Tagish First Nation’s plans to hold a vote recount in a tight… Continue reading

Today’s mailbox: COVID reopening

Letter to the editor published July 3

Vuntut Gwitchin councillor submits resignation

Vuntut Gwitchin councillor Cheryl Charlie has submitted her resignation, leaving Chief Dana… Continue reading

City hall, briefly

A look at decisions made by Whitehorse city council this week

Ancient lake bed sediments, unusual plants are markers of the Takhini salt flats

It’s one of the Yukon’s best open geological secrets, a well-known but… Continue reading

Yukon University hires director of finance

Yukon University announced in a press release on June 29 that Sheila… Continue reading

Most Read