The Parallel Parliament

Glen Pearson

Posts tagged “deficits

Never Again Just Happened

Posted on December 5, 2017

As decisions go, the passing of the Republican tax cut bill could have the most profound consequences for any nation having economic relations with the United States, including, and perhaps especially, Canada. Nobel Prize winner and New York Times columnist Paul Krugman wrote of how all the lies surrounding the initiative, “show the rot spreads wide and deep,” in the GOP. Krugman isn’t without his many critics, but there was something so manufactured, so devious about the tax plan, that he spoke honestly to what can only be termed as the greatest tax grab by the wealthy in decades. Myths abounded, mostly exposed and exploded, by a bipartisan group of leading economists who consistently bit back at the fabrications. Will the cuts stimulate growth?…

The Real Economy Feels The Pain

Posted on November 4, 2011

In his recent article, Andrew Coyne’s rather dubious perspective on the Occupy Wall Street protestors amounted to something of a defence of the economic status quo in Canada. After years of encouraging this country’s leaders to shape up and draw closer to our more powerful neighbour to the south, he unfurled a series of reasonings stating the opposite – we are not America and because of our more sound fiscal protections we should keep our distance during turbulent times. In some senses it’s hard to argue with that logic. What strikes me though is how he completely misses the urgency of the Canadian context and thus the true essence of the Canadian protests. By terming it a “phony class war” he guaranteed himself a…


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