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Financial sector plays no role in deficit reduction

Ever since the 2008 financial crisis, Canadian banks have enjoyed almost heroic stature for not being like those bad Wall Street banks that collapsed, triggering a global recession.

Certainly there's been no talk of imposing higher taxes on Canadian banks, to make them help pay for the huge government deficits brought on by the financial crisis and resulting recession.

That wouldn't be fair, since our banks -- unlike the Wall Street banks -- played no role in bringing about the financial crisis.

But why doesn't that logic apply to other groups who also played no role in bringing about the financial crisis?

modest proposal

Mayor Ford vs. CUPE Locals 79 and 416: Some thoughts on strategy

Photo: Carlo Fanelli/The Bullet

As the Canadian government and its provincial equivalents take part in the global push for austerity, its after-effects have significantly strained the fiscal and political dimensions of municipal governance. More than a year after right-wing populism swept through the City of Toronto, the agenda of the Rob Ford administration has shown itself to be as administratively vacuous as economically delusional. Notwithstanding reality, however, public sector workers still continue to suffer from widespread resentment and political antipathy. This is why Ford and council, with the support of Toronto and Canada's ruling classes, continues to be so forceful with respect to layoffs, service cuts, asset sell-offs and so on.

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Canadian Union of Public Employees
December 14, 2011 |
There is no evidence the average pay of public sector workers in Canada is consistently higher than comparable occupations in the private sector, reports a new study released today by CUPE.

Battle of the Wages study dispels myths about public sector wages

| December 13, 2011

Today's job numbers

| August 5, 2011
Redeye

Anti-union bill passes in Wisconsin

March 25, 2011
| Robert Kraig tells Redeye how Scott Walker got his union-busting bill passed through the state legislature and the legal challenges it now faces. Robert Kraig is with Citizen Action of Wisconsin.

10:47 minutes (9.87 MB)
Ontario Public Service Employees Union
July 25, 2010 |
Ontario Finance Minister Dwight Duncan's "consultation" with labour leaders included no acknowledgement that low-income public sector earners will be the real victims of a wage freeze.
National Union of Public and General Employees
March 29, 2010 |
Managing the deficit by imposing a two-year wage freeze and budget cuts to half of government departments puts an unfair burden on public services and public sector workers.
Toronto & York Region Labour Council
January 20, 2010 |
On the heels of the financial meltdown of 2008 will be the deficit wars of 2010, with attempts to sell public assets, reduce public services, and attack the living standards of public sector workers.
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