The Canadian Taxpayers Federation’s latest talking point revealed: They’re doing it for the poor! | rabble.ca

Posted: February 17, 2015 in Economy, Politics

In fact, if we slash spending now, when oil prices are down and our province’s absurdly low royalties are not even dribbling in, the whole economy will be pushed further into recession, making it deeper, and longer, than necessary.

Our high-risk, low-return Alberta economic policies will also export the recession to other Canadian provinces, now that our strong petro-Loonie has hollowed out their manufacturing core.

This is all Economics 101. It is certainly understood perfectly well by former chartered bank vice-presidents who happen to be doing a little sideline as provincial premiers. In other words, Prentice knows perfectly well the cuts he plans won’t help the province’s economy. But they will help advance his agenda of knee-jerk austerity as a way to encourage more privatization and more profits for the big players in the private sector.

Meanwhile, we continue to give away the resources owned by all Albertans, bring aid and comfort to foreign corporations who care not a whit for Alberta or its residents, and tilt the tax system in favour of the richest and best connected citizens — who also happen to be the ones that cost society the most to provide services for.

via The Canadian Taxpayers Federation’s latest talking point revealed: They’re doing it for the poor! | rabble.ca.

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