Monday, October 12, 2015

Why Justin Trudeau’s 3-year deficit beats Tom Mulcair’s 1st year balanced budget

Gloria Galloway, in an Oct.10th article in the Globe and Mail, writes in explanation of Mulcair’s recent drop in the poles, that “The NDP campaign was essentially knee-capped by the niqab”.  This reason for Mulcair’s declining numbers can’t be true.  If it were true then Trudeau would also have a corresponding drop in pole numbers as his stance on the niqab is the same as Mulcair’s.  Instead Trudeau’s numbers have risen.  So what else could it be?

I think the numbers dropped for Mulcair when he embraced the “balanced budget”.  We all know how Harper got his balanced budget, if indeed he does actually have one, (and whatever happened to that 3.1 billion disappeared dollars that was never accounted for that was reserved to fight terrorism)?  Harper got his balanced budget on the backs of Canadians, by cutting and squeezing and eliminating social and environmental programs.   So would Mulcair have to do some of these things, too, in the long run if he insists on a balanced budget?  Just like Harper has?  That’s the question that arises.  And in spite of all the NDP assurances of doing everything different and better that will bring in the necessary funds to make all the promised improvements in the nation, I don’t get it.

I remember the “dirty thirties” depression in the US when President Herbert Hoover was determined to balance the budget.  People went hungry.  Many people.  Men, women and children.  There were mass migrations of people looking for work, walking across whole states, thinking they might find work in the next one, hitch-hiking, riding the rails, looking for some way to feed themselves and their families.  When returning veterans from World War One marched on Washington to demand relief from the government they were beaten and tear gassed by the National Guard. But President Hoover wouldn’t budge.  He was obsessed with balancing the budget. When Franklin Roosevelt was elected president things immediately began to change.  People were given food and shelter and put to work.  Rotten infrastructure was righted, great parks were created, roads, schools and hospitals were built, bridges and dams, and social security programs became law.

Of course now the entire western world is in sovereign debt, due to corrupt politicians in cohorts with the banking elite.  I think it will all eventually come tumbling down, but in the meantime people have to live until we find a different way and what the balanced budget symbolizes for a growing number is austerity for the people while the rich get richer.  People have to be fed, clothed, housed and put to work.  It will take money to do this, lots of money.  A three year period of deficit might sound unsettling to some people, but this would create a lot of growth and jobs both in government and private business. Mulcair’s balanced budget in our times won’t do when what we need is government intervention for the people.  Enough of this business of the real economy sinking while the banking and stocks economy soars high. I think Justin Trudeau has it about right.

1 comment:

  1. as long as the deficit is financed through the bank of canada at little or no interest.