1 vote

US should follow Canada's fiscal policies. Dr Paul would approve.

AUSTERITY ‘LIGHT'

Canada's latest version of austerity, however, pales in comparison with that in the United Kingdom, and Finance Minister Jim Flaherty said the long-term plan would give the "AAA"-rated country an even bigger advantage over other major economies.

"We're realizing that quite frankly, some of our Western traditional economic allies and other allies will not have economies of great strength in all likelihood in the next while, and we want to be in the next league," Flaherty told reporters ahead of his budget speech.

"We want to be with the emerging economies, we want to be with the economies of South America that are growing, and we're in a position in this country to get there."

The debt-to-GDP ratio is set to decline to 28.5 percent by 2016-17, roughly in line with pre-recession levels, from 33.9 percent this year.

"They could spend less to bring the zero deficit a year earlier, but they didn't go that route," said Sebastian Lavoie, assistant chief economist at Laurentian Bank. "They wanted to buy some time, stay the course for maybe another year until we move closer to an election year. Some market participants will like their prudence."

The move will kill 19,200 public service jobs over three years, or about 5 percent of total federal employment. Of those, about 7,000 will occur through attrition, the government said.

http://ca.news.yahoo.com/canada-eyes-budget-surplus-3-years-...




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I hope i don't have to move back

i hope the financial collapse doesn't destroy America but it could and if your not in Alberta you are taxed to death in Canada, however even in Alberta taxes are still mean. Socialized medicine is a death sentence or a life of pain for many folks cause of shortages of doctors and treatments. Not only that but living costs are higher in Canada than USA. employment is not pretty unless again your in Alberta.

Canada may balance the books but it also taxes people to death and more than in USA and has many other problems to make it undesirable.

Also included

Production of pennies will stop this fall. Moving toward a rounding system.

Sad, because the penny is the

Sad, because the penny is the one coin that is actually worth something in metal.
Then the nickle will go, then the dime, then the quarter... hell all money will be deemed to annoying to carry and then we will be forced to pay the banking cartel .25 every time you wanna give someone $5.00.(fund transfer fee). Quite the system they are building for themselves. And it even allows them to track how often we do it. It's gonna make it real hard to buy weed, I tell ya. For those of us in our population that do.

?

The new pennies are worthless in metal content?

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

The value of 500 pennies in

The value of 500 pennies in metal compared to the $5 bill? You do the math. There are clubs that sort pennies because they know the value of the older ones.
Check out this machine:
http://www.pennysorter.com/

I agree with pre 1983

They are worth 2.5 cents apiece,but it takes 100 of the new ones to equal 5 cents. I was talking about the value of the new ones that make up the bulk of what we use everyday. You are right on about Nickels for sure though,every nickel is worth the time to collect.

http://www.coinflation.com/

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

Ironically, directly affecting me

But I don't care. I'm gonna take care of myself! You readin' this Revenue Canada??

Thanx,

Jason

You can't get clean in a dirty bathtub.

They've streamlined regulatory processes also

The right-of-center government, which has a strong voter base in oil-rich Alberta, said it would overhaul the regulatory review process for oil pipelines, large mines and other natural resource projects. It aims to impose firm time limits on regulatory hearings, ensure each project is reviewed only once and cut the number of environmental assessments.

Thanx,

Jason

You can't get clean in a dirty bathtub.

2-3 years to a balanced hudget

The Conservative government maintained a promise made last year to eliminate its budget deficit, small by international standards at 1.5 percent of gross domestic product, by the 2015-16 fiscal year after adjusting for promised spending cuts. It cuts discretionary spending by 6.9 percent as of 2014-15, on the low end of expectations

Thanx,

Jason

You can't get clean in a dirty bathtub.