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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@9JWBFY51yr1Y
Yes, but start with government spending on MPs, and other Government Services first. Make MPs make the same as Average Canadian Income.
@8XJNVR33yrs3Y
No, reduce the spending on police
@8XJ8R6V3yrs3Y
No default on the debt and find a new system away from the traditional banks. The bretton woods system falls apart every 50 years
Yes but not a lot and then stop after it is ok.
No. Reduce military spending and increase taxes on large MNCs
@8VN69CCLibertarian4yrs4Y
The national debt is irrelevant. The national deficit is what needs to be managed. It would be ideal to cut public spending, but its not practical during this time, we're in the middle of a global crisis and a recession.
@8VB6DSM4yrs4Y
Focus on ending tax evasion and cuts to certain public spending (eg social programs, green economy ) negatively affect the economy
@8V8PKZ64yrs4Y
Nope. There needs to be a more equitable distribution of wealth in Canada and in the world. Of course this will never happen because your average person when they get more just wants to hang onto it. Or wants to keep making more and more. No one really wants to pay more taxes from what I can see either.
@8THB6T7Conservative4yrs4Y
No - It should reduce the amount paid in foreign aid and to criminals.
@8SVXD6G4yrs4Y
i agree with pretty much all of the above but the first three.
@8SSK3RH4yrs4Y
Reduce military spending, raise taxes on the rich, increase taxes on large multinational corporations
@8QX2W9X4yrs4Y
no, but should spend wisely and balance the budgets, schools and healthcare as priority
@8P5T9LM4yrs4Y
No just stop sending so much aid money to other country's
@98PQTLX2yrs2Y
Yes, and decrease taxes as the budget will stay balanced
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.
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