Apocalyptic crisis budgeting. ⇒
13 August 2011, mid-morning
Like Clinton in the U.S., the federal Liberals left office with a budgetary surplus. The Conservatives created the largest deficit in Canadian history and, unbelievably, ran an election campaign on financial management savvy! Of course, they created the deficit in part by implementing tax cuts and engaging in discretionary spending designed to produce the deficit which, we are told, now needs to be eliminated by cutting programs.
The same approach has now come to Toronto and is being mimicked by Rob Ford. He, too, was left a surplus by his predecessor. Nevertheless, the agenda marches on. First, create the crisis by reducing the revenue base through tax cuts and then take the budget knife to Toronto’s city-wide programs. Instead of articulating a vision for building a great city, it is simply a slash and burn approach to a manufactured crisis.
This is a post from my link log: If you click the title of this post you will be taken the web page I am discussing.