Canada Cutting Federal Budget

We don't talk about Canada that much. But, I was reading about their budget...

They're eliminating 19,000 public service jobs (over three years).

-eliminating the penny
-increase social security eligibility by 2 yrs
-increase retirement age by 5 yrs for federal public employees

This part of the budget might be slightly beneficial to the US as well:

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Congratulations Canada. Sad to see the US flounder while our neighbors seem to do what is necessary effortlessly.

 

Congratulations and Good Luck to Canada!

 

Canada is making some prudent moves that the U.S. should consider as well. We now have the highest corporate tax rate in the world. No wonder jobs continue to flee overseas.

 

Anyone who seriously proposes cuts in government is immediately painted as throwing grandma off a cliff. When Clinton balanced the budget by cutting Medicare and the Military, both parties (the establishment) turned on him.

This is how they paint it:



This is reality:



Not sure what else we could expect from President Zero.

 

thats non-sense, only if you assume all of the employees are related to medicare...
Even in the times America cant afford anything, our govt continues to spoon feed EVERYONE....
Then the govt gets caught up in its own cycle, if you let fed employees go, then the govt
gives up the taxes/income they earn from their employees, then you are paying them
fed benefits since they would then be unemployed. I also think that the fed overpays
to begin with robbing even more from the taxpayer, so not only do fed employees
get overpaid, they get fed benefits also...who earns $25/hr holding a shovel, doing nothing?

Who else is the govt going to compete with in the private sector? Why should a
private sector worker get $10/hr, compared to govt worker getting $25/hr for the same type of job?
how much benefits do you think that $10/hr worker has, compared to the govt worker....?

The US govt needs to compete with the private sector...

otherwise it is nothing more then taxpayer waste....

some probably need to be fired anyway, and not replaced....

 

This is so much better than the US's and Europe's post-Keynesian macroeconomics policies. Because in US and Europe, the government is compensating the all deficits the economy has, contrary to duty. We will see these countries will be problematic and slump for the next decades, just like Japan has done for the last twenty years. The certain solution is that the government ignores the bankruptcies, not bailing them out.