Wasn’t that a Party? Now who’s going to pay for it? Those who benefited the most from the economic boom are now trying force the public to pay for the economic bust by cutting public spending. And public sector workers are on the front line facing wage freezes, job losses and cuts to services. This approach is not only unfair, but it will lead to yet another boom bust cycle in the future. It makes much more sense to close damaging tax loopholes and not proceed with corporate tax cuts.
The March 2010 issue of CUPE’s Economic Climate for Bargaining also includes sections on: the shrinking role of the public sector in the Canadian economy, how current deficits are not a problem, the essential role of job creation for economic growth and summaries of inflation, wage and economic trends.