Tuesday, November 8, 2011

Untying the knot that strangles economic freedom

SURPRISE! The Federal Conservative Party's pipe-dream promise of cutting Canada's deficit (never mind the debt) by 2014, has just stumbled into objective reality. The financial chaos in the rest of the world is beating at our door.

That (photo) Saturday Night Live skit (Nov. 5, 2011), referencing the Greek financial turmoil, joked that "Dionysus (god of the grape harvest, ritual madness and ecstasy...) has the spending part down cold, but saving … not so much." Time to call in "Klaus, the German god of prudence and austerity."

The cradle of democracy is in trouble. Exposed for all to see, are the unintended consequences of the political entanglements that were created for the common good. It seems manipulating for the common good, is really not so good after all. (go ahead, try and sell that idea)

Prime Minister Harper, is fresh from the latest G20, where noises were made that G20 members should 'kick in some cash' (yes, that's us folks) to help out our Greek friends. 'Hey buddy, can you spare a dime' (or else). Now Finance Minister Flaherty, says that promises made just last June will be altered. Quelle surprise!

The Greek gods have inspired my friend Gene Balfour to cook up a policy proposal for Ontario that suggests practical steps to untie the knot created by big government. Gene suggests that it is excessive regulation that creates and expands the need for public sector jobs, which increases the payroll, which impacts government spending, which affects the deficit, and adds to the debt. Do you remember what happened to the old lady that swallowed a fly? It's a bit like that, but not funny. Here is Gene's proposal.   

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