TORONTO – Without government action, the lack of adequate income security programs could plunge Ontarians suffering the worst of the current recession into dire straits, says a report by the Canadian Centre for Policy Alternatives (CCPA).
Silence of the Lines: Poverty Reduction Strategies and the Crash of 2008 shows how the economic downturn is already worse than the Great Depression but predicts different results for Ontarians who end up down on their luck.
Taxes and tax cuts
(Vancouver) Next week’s provincial budget should assume BC will be in a recession in 2009 and perhaps longer – and include an aggressive stimulus plan capable of reducing the length and severity of the downturn. That’s the central recommendation in BC Budget Reality Check 2009: Planning for a Recession, released today by the Canadian Centre for Policy Alternatives.
OTTAWA— The January 27 federal budget will be one of the most important in Canada’s history and should meet five key tests, says the Canadian Centre for Policy Alternatives (CCPA).
“What’s in this budget matters, more than ever,” says CCPA Senior Economist Marc Lee. “Canadians expect a budget that will stave off the worst of the current recession, keep and create jobs, and lay the groundwork for a fairer, greener, and more sustainable economy.”
The five tests for next week’s federal budget:
OTTAWA – Le budget fédéral du 27 janvier sera l’un des plus importants de toute l’histoire du Canada et devrait respecter cinq critères essentiels, a indiqué le Centre canadien de politiques alternatives (CCPA).
« Ce que comporte ce budget a des conséquences plus importantes que jamais » affirme l’économiste en chef du CCPA Marc Lee. « Les Canadiens s’attendent à un budget qui permettra de conjurer le pire de la récession actuelle, de maintenir et créer des emplois et de jeter les bases d’une économie plus juste, plus écologique et plus durable.»
News on Thursday of the government’s stimulus plans should come as a disappointment to Canadians. The Conservative’s continued underestimation of the economic crisis will force Canadians to suffer higher job losses and a longer recession than necessary.