In a few days the "fiscal cliff" deadline will arrive and potentially bring massive automatic spending cuts and tax increases to the U.S. Even if Congress and the President agree to avoid the cliff, the next crisis awaits. It has long been said that when the U.S. sneezes, Canada catches a cold. So why have these debt-related ailments in the U.S. not afflicted the Canadian government? The answer is that Canada has been practicing what the U.S. always preached. That is why we Canucks are not jumping off cliffs or smashing into ceilings.
Pierre Poilievre is a fourth-term Conservative M.P. for Nepean-Carleton, who serves as the Parliamentary Secretary to Transport and Infrastructure Minister, Denis Lebel.
Once again, tongues are wagging about defined benefit pension plans, particularly the impact of the upcoming budget on public sector retirement packages. An aging workforce and longer life expectancy have made it more expensive to provide them. What to do?
01/12/2012 03:13 EST
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