Sunday, April 30, 2006

On solutions

While all federal parties seem to operate under the assumption that the national debt should be largely left alone for the moment, Robert from My Blahg presents a simple yet realistic plan to pay off the federal debt within 15 years with no spending cuts, and with only one tax increase (which would still leave corporate tax levels well below the percentages in place a few years ago). Naturally the plan is far too sensible to ever be implemented. But it should be an interesting exercise to compare the priorities funded by Canada's federal government to a straightforward path to being debt-free - and to ask whether tax cuts with a small individual impact are worth the long-term debt which Canada will continue to carry.

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