Allegations of expense scandals in the Senate have shocked many Canadians and rightfully so. Although unsettling, such antics are not an isolated case; they are part of a larger institutional problem with government.
After federal Finance Minister Jim Flaherty unveiled his latest financial plan Tuesday, much of the media hype centred on the government's larger than expected surplus in 2015-16. Early chatter seemed to accept the government will deliver as promised and some declared its "conservative assumptions" might allow for the deficit to be eliminated even earlier.
Federal Government Failure in Canada, 2013 Edition: A review of the Auditor General's reports, 1988-2013
When Christy Clark recently asserted British Columbia didnt need the federal government and also said we don't need Alberta, the B.C. premier demonstrated why Canadas founding fathers were concerned about provincial politicians: when they think in isolation, such premiers harm the interests of all Canadians.
The context of Clarks election-time remark was how BC could become an energy superpower if more natural gas was developed and delivered through pipelines, as opposed to allowing oil pipelines to crisscross British Columbia more than they already do.
Over the course of the past several months, outgoing Bank of Canada Governor Mark Carney and Federal Finance Minister Jim Flaherty have repeatedly warned that Canadians are spending beyond their means and taking on too much debt.
A concern of the Bank of Canada...has been the pace of growth of household debt Carney recently noted. Minister Flaherty added, While interest rates are currently low by historical standards, eventually they will rise. Canadians should . understand this when taking on significant debt
The key litmus test for the Harper governments 2013 budget was always going to be how realistic it was with respect to achieving a balanced budget by 2015-16. The governing Tories have staked both their economic and political credibility on being able to balance the budget. The current plan, which mirrors previous budgets, relies on controlling the growth in spending and hoping revenues increase sufficiently to balance the budget.
Slash or spend? Cut or conserve? The federal government will bring down its budget on March 22. What should be in it? We ask five prominent Canadian think-tanks to offer their fiscal fix for the coming year.
Over the past five years in office, the federal Conservatives have not exactly been a bastion of fiscal conservatism. But on March 22, Prime Minister Stephen Harper and Finance Minister Jim Flaherty have an opportunity to re-define their fiscal legacy.