Friday, January 23, 2009

Coyne for P.M.

In a fantastic feature article in Macleans, Andrew Coyne explains why all this deficit spending won't do any good, as well as the shenanigans that got us here. Instead, he says a true stimulus would include "Tax cuts, sales tax harmonization, a national secruities regulator, health care reform, the works."

But, it seems not to be--yet. Prime Minister Stephen Harper has warned Canada could have $64 billion of deficit spending over the next two years. After 11 straight years of balanced budgets and debt repayment, the clock is needlessly being turned back--and the debt clock back on.

Coyne also acknowledges "Dissent, at least in public, has been confined to free-market think tanks, the Canadian Taxpayers Federation, and the odd crankish columnist."

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