Ottawa Should Borrow To Rebuild Infrastructure

Paying down the debt makes no economic sense when our infrastructure is crumbling.

Yes, it has to be dealt with someday, but only as long as we don't slip back into the curse of deficit financing on the scale we saw in the 70's and 80's.

When our economy goes into boom mode, we pay down some debt, when we see our social programs disappear, we need to address that before debt reduction.

The more people earn, the more they pay in taxes, so it makes sense to allow citizens to earn as much as possible. Tax revenues pay the bills, so what is it the government doesn't get ??

Remember, the wealthy save money, the lower and middle class spend money.

Which is better for the economy ?

The answer is clear.



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"Arrogance in Politics is unacceptable"
Jim Callaghan
Minden, Ontario
705-286-1860
www.misterc.ca

And what about money reform?

HELL, tax the rich, and the corporations more, and the government must also take back control over printing money! This is interest free money for whatever we need it for!

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Dave Ruston

It's not really THAT simple. The economics behind lowering the taxes for the rich make sense too. It's Friedman's economics again (I HATE how he keeps popping up).

You and I say "The poor spend the money and the rich save it, so tax the rich and employ the poor."

Friedman says "The rich save their money by reinvesting it, which creates jobs. So cut taxes to the rich."

Don't get me wrong; I'm not saying he's right. Friedman's economic theory is based on a series of complex equations with no limitations. Anyone with a few years of university mathematics can prove what is quite obvious to the layman: that perpetual growth is impossible. Actually, some experts claim it IS possible through genetically altered crops, etc. But it seems that the people with the LEAST faith in technology's ability to keep a step ahead of nature are the engineers. Professional engineering societies have lobbied educational institutions to teach students about sustainability. Anyways, I'm off on a tangent again.

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Kory Yamashita

"What lies behind us and what lies ahead of us are tiny matters compared to what lies within us." - Oliver Wendell Holmes
"As for the futur

Actually, it is that simple. It`s not hard at all. Just DO IT. Cutting taxes for the rich and the corporations doesn`t guarantee that they`re going to create jobs with that added wealth. Years ago, corporate and wealth taxes were higher, and guess what? They were STILL RICH! Friedman was your typical retro conservative economist, who advocated that governments give up their money making function and let the private banks do it. He was wrong about that too! That`s what caused skyrocketing debt in so many countries!

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Dave Ruston