July 11, 2011

Economy

Canada did it

Marc Comtois

Michael Barone points to a piece by Fred Barnes (sub req'd, but Barnes has mentioned this before) that explains that helping an economy by reducing spending can be done. Barone summarizes:

In the 1990s Canada’s Liberal party government reduced its national debt and revived its economy by, among other things, reducing federal employment by 45,000 jobs, 14% of the total. The ratio of spending cuts to tax increases was nearly 7-1. Overall Canada’s economy, which grew by less than 1% annually between 1989 and 1993, grew by an average of 3.4% between 1994 and 2006.

2:00 PM | TrackBack (0)
Comments, although monitored, are not necessarily representative of the views Anchor Rising's contributors or approved by them. We reserve the right to delete or modify comments for any reason.

Canada, the only North American country progressives love, just had a national election-won by the right-wing as an aside.
Everyone in that national election had to provide photo ID to vote.

Posted by: Tommy Cranston at July 12, 2011 10:06 AM
Post a comment









Remember personal info?

Important note: The text "http:" cannot appear anywhere in your comment.