Gdp

Oxfam America

6 Myths About What Makes A Strong Economy

It is clear that people around the world are angry and disillusioned with the global economy. Growing inequality has left much of humanity struggling to make ends meet while the richest one per cent continues to profit. This rampant inequality is a sure sign our economic model is broken.
THE CANADIAN PRESS/Fred Chartrand

Liberals' 2016 Budget Opts For Big Spending Over Restraint

We've seen this story before in the mid-1990s, when out-of-control deficits and an impending sovereign debt crisis led to painful spending cuts and tax increases. The government is wrong to make the return to budget balance conditional on strong economic growth. Population aging is already taking its toll on long-term projections, and too many unforeseen events can derail the fiscal path. Only tight fiscal discipline can balance the budget within a reasonable timeframe, protecting Canadians' standards of living from future large tax increases and cuts to government services.