The Canadian Centre for Policy Alternatives has been, and continues to be, profoundly important to Canadian democracy…. It is virtually unique in its breadth of ideas and its depth of research.
- Ed Broadbent
Issue(s): Alternative budgets, Economy and economic indicators, Employment and labour, Inequality and poverty
Projects & Initiatives: Alternative Federal Budget
March 1, 2010
OTTAWA – Canada faces its worst job crisis in a generation and the federal government needs to step forward with a solution in this week’s budget, says the Canadian Centre for Policy Alternatives (CCPA).
Along with the release of its annual Alternative Federal Budget, the CCPA proposes a six-point job plan to get Canada working again.
“The global recession wiped out 486,000 full-time Canadian jobs within a year and those jobs aren’t coming back on their own,” says CCPA Senior Economist Armine Yalnizyan.
“To make matters worse, 810,000 Employment Insurance (EI) beneficiaries may run out of benefits within the next few months without a job in sight, which would be a disaster.”
The CCPA jobs plan would:
1. Protect the Jobless: Reform EI to ensure over a million and a half jobless Canadians don’t tumble into poverty or end up on welfare.
2. Sustain Stimulus Spending: Commit $15 billion a year, focused on paying down a huge accumulated deficit in social and physical infrastructure investments.
3. Revive Canada’s Manufacturing Base: Invest $5 billion over three years to rejuvenate the industrial base of this country.
4. Create the Green Jobs of Tomorrow Today: Make Canada an environmental leader with a $5 billion plan over three years to green our economy.
5. Get Youth Working: Double summer employment efforts to ensure Canada’s youth don’t sit another year out on the sidelines.
6. Strengthen Consumer Confidence: Unleash a poverty reduction plan to help boost fledgling consumer confidence and get Canadians spending locally.
“It took seven years to regain the full-time jobs lost in the 1990-91 recession,” says Alternative Federal Budget Coordinator David Macdonald. “Our plan would bring unemployment back to pre-recession levels by the end of 2011 and demonstrates there is a better way to reach fiscal balance through smart investments and smart taxation.”
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All 2010 Alternative Federal Budget materials are available on the CCPA website: http://policyalternatives.ca
For more information contact Kerri-Anne Finn, CCPA Senior Communications Officer, at 613-563-1341 x306.