Letters to the Editor

Letter: Feds must spend when corporations won’t

To the editor:

Re: Finance Minister Flaherty’s budget surplus.

When consumers cannot spend because they are too heavily indebted, when a trade deficit draws money out of our economy, and when cash-flush corporations will not invest here because of lack of demand, there is only one source left to kick-start the economy—bigger federal government budget deficits.

Some commentators and politicians assume we need nasty reforms and belt-tightening, but this solution will only push the economy into a downward spiral and yield the same results as when applied overseas in Greece. With every ratcheting up of government austerity, expect higher unemployment, increased suicides, deeper political divisions, and ultimately rioting in the streets.

Larry Kazdan,

Vancouver

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Superheroes and Supervillains make appearance at KAG
 
Davis: New audience for Lopez
 
DeHart: New retail pharmacy all about living healthy lifestyle
More than half of tested homes in Castlegar exceed radon threshold
 
Mom on trial accused of killing 5-year-old with salt
 
Wolf kill last hope for BC caribou herds
The Globe and Mail profiles Nelson
 
Former Nelsonite pitches on Dragons’ Den
 
Shred Kelly sings to the night

Community Events, January 2015

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Jan 28 edition online now. Browse the archives.