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Hey there, time traveller!
This article was published 30/03/2012 (5097 days ago), so information in it may no longer be current.
CHRISTOPHER ADAMS
Probe Research vice-president
BUDGET WINNERS
Among those who will be pleased with this budget are those who worry about taxes and government debt, many of whom work in the financial sector as well as other fiscal conservatives. But there are others who will also be pleased, especially First Nations, when they see an impact of increased spending on their federally funded schools and on-reserve drinking water infrastructure.
LOSERS
Undoubtedly, our federal public servants who face a whopping cut of 19,200 jobs over three years. Another group of losers are those under the age of 55 who now must wait until age 67 to retire. There will be a ripple effect here: Younger workers will have more difficulty advancing their careers if older workers are not retiring. And, of course, they might worry about not having two pennies to rub together.
ON BALANCE
The federal government has a limited number of tools to help fight climbing deficits, including raising taxes and cutting costs. Here, to no one’s surprise, the Conservatives have opted for the latter rather than the former.
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