AusteritySyndicate content

Trish Hennessy

Ontario Budget 2013: Four more years of austerity

| May 3, 2013
Columnists

A number is never just a number: What price, austerity?

Photo: judepics; Edited: Jared Rodriguez / t r u t h o u t

$11.8 billion

Estimated federal government spending cuts by 2014-15, due to the last three austerity budgets. (Source - Numbers in that blog are drawn from the Federal Budget 2013, pg. 298)

90,000

Estimated job losses in both the public and private sector by 2014-15, as a result of a succession of federal government austerity budget decisions. (Source)

3.2 per cent

Solidarity against austerity

Date: Wednesday, May 1, 2013 - 6:00pm

Location

Ottawa, ON
Canada
45° 25' 17.508" N, 75° 41' 49.8948" W

WED, MAY 1

6PM, NEIGHBOURHOOD NIGHT MARCHES
East Feeder March: University of Ottawa Morisset Terrace
West Feeder March: McNabb Park
8PM: DOWNTOWN CONVERGENCE AT THE PRIME MINISTER'S OFFICE
Organized by Solidarity Against Austerity
Bring your pots & pans!
http://www.MayDayOttawa.ca/

 

Video: The 28-year old who shook the foundations of austerity economics

A Best-of-the-Net video from The Real News Network: New study refutes Reinhart and Rogoff analysis that underpins austerity policy around the world; shows no relation between debt and lack of growth.

David Bush

Austerity is working and that's the problem

| April 22, 2013
April 19, 2013 |
Canada's anemic economic growth is a result, in large part, of self-inflicted wounds.
April 10, 2013 |
A report released today by our BC office shows how an understaffed public sector (the smallest in Canada) has left British Columbians vulnerable.

Ontario needs jobs, not more cuts

Photo: Jackman Chiu/Flickr

A recent report published by the Canadian Centre for Policy Alternatives, written by economists Trish Hennessy and Jim Stanford, slams the Ontario government's austerity budgets and breaks down how far from solving the province's economic woes -- budget cuts actually exacerbate them.

The report, aptly titled 'More harm than good: Austerity's impact in Ontario,' deconstructs how the much-touted Drummond report manufactured a projected $30 billion deficit out of what even the Liberal government now says is a much smaller $11.9 billion shortfall.

embedded_video

April 1, 2013 |
On the horizon is a legislative attack on union security, which will seek to introduce regressive U.S.-style anti-labour legislation in Canada for the first time.
March 25, 2013 |
Adjusted for inflation, new infrastructure funding through the municipal GST rebate, Gas Tax Fund, P3 Canada Fund and Building Canada Fund will be $5 billion less over the next four years.
Syndicate content