24/7 Crisis Response

Ontario needs fundamental change not a fight over austerity vs. stimulus

DAVID MACNAUGHTON, The Globe and Mail: In the debate over the proper policy course for governments to assist in getting our economy out of its current doldrums, economists, politicians and policy wonks have essentially split into two camps.

One, the austerity folks, advocate reduced government spending, smaller government and lower taxes. The stimulus crowd promotes more government spending, an increased role for government, and higher taxes, particularly on the “rich”.

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