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toby jo

(1,269 posts)

11. Canada did it.

Reply to mmonk (Reply #8)

Fri Nov 30, 2012, 11:37 AM

Nov 2012

They recently took an economy in a tailspin and retooled it by cutting back spending and raising some taxes. The key to it was a real careful means testing and retesting.

They transformed a 32 billion deficit into a 2.5 bill surplus. All this between '95 & '98. After this they got a full decade of surplus budgets with "debt, tax and poverty rates all falling as growth, investment and employment rose".

This is by Brian Crowley from Pittsburgh Post Gazette a few weeks ago - was going to do an op but never got around to it. Maybe somebody can find it and post? It's a great piece. "Canada's fiscal success story".

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Highlight:

Obama offers GOP an ambitious, progressive debt-reduction plan [View all] ProSense Nov 2012 OP

k&r... spanone Nov 2012 #1

Piss 'Em Off...Make 'Em Sweat... KharmaTrain Nov 2012 #2

Obama is holding all the cards ...... end of story Botany Nov 2012 #3

+1000 blackspade Nov 2012 #19

thanks for the uncontrollable lulz i got from that. XtopherXtopher Nov 2012 #23

Not really BlueStreak Nov 2012 #25

Here is a sound bite I would like to go viral Doctor_J Nov 2012 #4

Right On ! I didn't hear that one anywhere on the Newz . bahrbearian Nov 2012 #30

...and mcconnell laughed at it. laugh on..... spanone Nov 2012 #5

Ah, yes...Joe Scarborough mentioned it this morning, He was livid about what he called an "insult". whathehell Nov 2012 #7

Pawn Stars - District of Columbia SaveAmerica Nov 2012 #6

Not sure the concept of debt reduction in an economy mmonk Nov 2012 #8

Canada did it. toby jo Nov 2012 #11

This The Article? ozone82 Nov 2012 #15

If 1995 is 'recently' then I bet much of the language in the post is as accurate at Bluenorthwest Nov 2012 #16

You can do that kind of thing in certain situations jeff47 Nov 2012 #24

And DUers ... 1StrongBlackMan Nov 2012 #9

This might be a problem kenfrequed Nov 2012 #10

And they'd be correct to pounce on it leftstreet Nov 2012 #17

The fact that no one else did post that, but you posted it as if others had speaks Bluenorthwest Nov 2012 #18

They need to get their talking points out there leftstreet Nov 2012 #20

As a critic of Obama, this is what I read: blackspade Nov 2012 #21

I see nothing wrong with those paragraphs Hutzpa Nov 2012 #22

Mitt tried that. ProSense Nov 2012 #31

Durn DU'ers always looking for the fine print. Tierra_y_Libertad Nov 2012 #33

It makes sense. kenfrequed Nov 2012 #12

I say this in every thread that I reply to regarding "fiscal cliff" Victor_c3 Nov 2012 #13

2004 isn't a good comparison jeff47 Nov 2012 #26

On MoJo this morning... PoliticalBiker Nov 2012 #14

he really disappointed me when he didn't lead health care negotiations with single payer liberal_at_heart Nov 2012 #27

I think Ezra Klein wrote basically the same thing okwmember Nov 2012 #28

We'll see what happens. 99Forever Nov 2012 #29

Problem for Republicans: ProSense Nov 2012 #32

I really like this one. Thanks ProSense. freshwest Dec 2012 #34