The Liberals' inaugural budget contains a $29.4-billion deficit for 2016 which is 10.2% of government spending. Proponents of spending argue that it is a great time for the government is going to borrow money, since interest rates are at 50 year lows. Opponents argue that the spending could get out of control and the debt could easily reach $100 billion a year by 2020.
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This question is too complicated for a simple yes/no answer.
Yes, but focus on cutting from superfluous initiatives and protect essential services (i.e. healthcare).
should be cuts based on priority, cuts should be made for building "art sculptures" etc.. but used wrong could negatively effect the economy
@9FBHV8C2yrs2Y
No, But focus on ending tax evasion AND focus more on taxing the rich.
No, maybe increase taxes for companies; the bigger they are the more they’re taxed.
@95DH7PG3yrs3Y
I would say to be very cautious when cutting things, because it could have a ripple effect which spreads and effects programs and services that society needs. It's easy to say as an example to cut the CBC, but then what about all of the artists/cultural services, as well as segments of society that benefit from having accessible news, and an avenue to show arts and culture? It often goes wrong, and that makes me skeptical. We have to nurture our government and democracy, and make sure that we have sustainable ways to pay for all of the services that we want, and that can include running deficits if it help keeps people afloat, as well as other things such as creating more opportunity with short-term spending.
@942H7BW3yrs3Y
No, end tax evasion and tax the rich higher but not too high that they become the middle class. If they earned it then they deserve it.
We will focus more on removing tax evasion as a problem and the spending on the military.
@92NSVSP3yrs3Y
It depends. A lot of things could go wrong by slashing different programs and implementing austerity measures, as there could be programs needed that in the long run, could reduce the national debt.
Get rid of costly real estate for GoC office space and focus on smaller hoteling workspaces.
@924HKTH3yrs3Y
yes, but limit simple things like vehicles and houses and selfish spending.
No. Other alternatives, such as a diversified economy, should be considered.
I believe we should cut down certain areas which don't seem too important to the nation in the next three years to pay off the national debt.
Yes but not a lot and then stop after it is ok.
Yes but they should be careful of what they cut.
No. Reduce military spending and increase taxes on large MNCs
No, increase taxes on the wealthy and on multinational corporations, and cut military spending instead
No, Focus on tax evasion, in crease taxes on the wealthy and multinational corporations instead
@8T7JB3G4yrs4Y
No, increase taxes on non-environmentaly friendly corporations
@8SZVNHB4yrs4Y
Cut funding on police officers as the system is corrupted.
@8SYFJW24yrs4Y
Reducing government overall would help. Investigate and remove fed/prov. duplication. And remove any tax right offs across the board.
@8RDVRFX4yrs4Y
No, but reduce salaries of politicians instead.
Yes, but taxation needs to be more equal the middle class cannot take on any more tax. Also cuts need to be made strategically military spending needs to go up but money spent on bail outs and aid to large companies needs to be reallocated.
Depends on what you cut to the budget
@8PWLS2W4yrs4Y
A decrease of funding to a program causes business to go down, causing a larger debt from where we started off with. So no
still do some public services but not as many until the debt is payed off.
no, because who do we owe money to?
Focus on increasing taxes for large corporations, the rich, government officials and ending tax evasion.
only cut on areas that are considered overspent
The government should stimulate/grow the economy through infrastructure investments and investments in Canadians and rescue debt after these investments
Canada is currently in debt but we are a strong country and are not as in debt as America, I don't see I need to make cuts as of right now but could be the right thing to do sometime in the future.
Slightly, but only for the time being
I would say be cautious. Often times, those who want austerity measures to be in place don't think things through, and can cause a lot of unintended damage to the greater federal budget, leaving a massive mess for future generations, but also erodes faith in our democratic system. Overall, I would say be pragmatic and methodical, and have wise investments with lots of consultation rather than just blanket cutting of programs or adding of programs.
@95MP4JJ3yrs3Y
Increase tax on the wealthy and no.
yes, redirect funds from subsidized daycare to healthcare. Then spend less on foreign aid and supports for able bodies people.
Depends what they're cutting. If it's something like social services, then I would disagree as I find it would only help our economy. I would think that maybe reducing a public spending topic like Art could provide some use.
Where unnecessary spending is located should be cut but essential areas of government like the military or health care should be increased.
@8SFMDG94yrs4Y
Review the respective spending with respect to impact and reduce spending wherever applicable to supplement needed segments.
@8QCYN2Y4yrs4Y
Tax the rich, companies and close loopholes
No, it shouldn't just be cut and spend, but also modernize and review, as well as cost benefit analysis.
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