In yesterday’s National Post, economist Stephen Gordon cast a critical eye on the fall economic update and the government’s excuse for running deficits, and the decision to abandon the fiscal anchor of balanced budgets in favour of a declining debt-to-GDP ratio. And rather than worrying about the non-existent debt-bomb, Gordon is mostly looking for answers why the policy shifted post-election. Fair enough. (He also does the math on how much more a government can spend by shifting the fiscal anchors like the government did here).
Enter fellow economist Kevin Milligan, who digs through and finds an answer. Enjoy.
https://twitter.com/kevinmilligan/status/925024898388389888
https://twitter.com/kevinmilligan/status/925026096898129922
https://twitter.com/kevinmilligan/status/925028185174970369
https://twitter.com/kevinmilligan/status/925029751072235520
https://twitter.com/kevinmilligan/status/925098340303347712
https://twitter.com/kevinmilligan/status/925099179298373632
https://twitter.com/kevinmilligan/status/925110355491041280
https://twitter.com/kevinmilligan/status/925110707498000384
Good reads:
- We are headed into moral panic territory over blind trusts and ethics screens, and seriously guys, this is getting so stupid and unnecessary.
- Justin Trudeau isn’t going to comment on the Harper memo about NAFTA.
- Chrystia Freeland says that a diplomatic solution with North Korea is “essential and possible,” and that others in the region see Canada as having an important voice.
- Freeland is also stepping up the diplomatic pressure on Venezuela, and is warning that there could be a coming refugee crisis in South America because of it.
- The social media pile-on about the government purchasing luxury cars turned out to be for emissions tests. Because why wait for context?
- Catherine McKenna says that Manitoba’s carbon price will have to go up within two years, responding to Brian Pallister’s dare.
- CSE released some stats on state-sponsored cyberattacks, which are successful in Canada about once a week.
- There are criticisms that the government is not being transparent with judicial appointments, with complaints that they aren’t appointing the most qualified.
- The Commons Board of Internal Economy has approved a new disclosure system that the Liberals say would have caught the NDP satellite offices earlier.
- Liberal Senator Massicotte has crossed over to the ISG, which secures their position as having the plurality in the Senate.
- Some infrastructure spending is being pushed back to future years because the projects haven’t been completed yet, and these funds reimburse them.
- While our military is halting training assistance in Iraq for the time being, they are keeping the combat hospital in northern Iraq up and running.
- A full colonel has now been charged with sexual assault in the Canadian Forces.
- Canada has been in talks with the UN for months about peacekeeping commitments, but most of Canada’s ideas have been panned as low priority.
- The Chief Justice weighed in on the sexual assault debate by reminding people that a fair process matters more than expecting a particular verdict.
- Andrew Coyne calls on the federal government to use the nuclear option of its dormant disallowance powers to overturn Bill 62 in Quebec.
- Colby Cosh weighs in on the recent ruling that struck down the need for $1000 deposits to run in federal elections.
- Paul Wells acidly takes apart that Stephen Harper NAFTA memo, and it’s pretty delicious.
Odds and ends:
The Supreme Court dismissed the appeals of two former RCMP officers responsible for the taser death of Robert Dziekanski, as they faced perjury convictions.
“We understand that in order to be a compassionate, caring province, we must be prosperous first.” #ableg #ucpldr
— Unite Alberta (@UniteAlberta) October 28, 2017
https://twitter.com/LindsayTedds/status/925066602646716416
https://twitter.com/LindsayTedds/status/925068169701605378