On March 22nd, the federal government released its budget for 2017.
Many of you have contacted me expressing concern over the level of federal spending, the deficit, and the lack of a plan to return to balanced budgets in the foreseeable future. Unfortunately, the latest federal budget does not do anything to alleviate your concerns. In fact, the projected deficit for 2017 is $23 billion and, at this current rate of spending, the budget will not be balanced until 2050.
Statistics released from the Parliamentary Budget Officer’s (PBO) 2016 Labour Market Assessment show that despite the massive deficit spending the federal government has undertaken, between Q3 2015 and Q3 2016 there were no net full time jobs created. For those of you who are unware of the role of the PBO, they provide non-partisan, independent, and arms-length fiscal and economic analysis of government activity.
Of further concern is the fact that the government’s own Gross Domestic Product projections continue to decline despite the increased deficit spending. Canadians are right to be questioning the logic of huge deficits, with no end in sight, which are not creating jobs and are not increasing Canada’s competitiveness economically or creating future growth. This is not to mention the scraping of tax credits, including the public transit tax credit, and delays for investments in critical job training programs, infrastructure, defence, and child care.
I will continue to fight for the interests of Alberta families, workers and seniors who are being impacted by this economic downturn.
I recently sponsored petition e-983 which is currently open for signature. The petition is in response to the government’s discussion paper regarding changes to the way the House of Commons operates. These proposed changes would eliminate Friday sittings in Parliament, set permanent limits to debate in the House of Commons and committees, and only require the Prime Minister to attend Question Period once per week.
I believe these proposed changes are not in the best interest of Canadians. If you agree I would ask you to visit my website, www.MichelleRempel.ca and sign the petition today.
As a reminder, I am hosting a Career Services event on May 13. For more information, and to RSVP, please visit www.MichelleRempel.ca.
As always, if you have comments or questions on any issue, please do not hesitate to contact me.