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From: julian@deepthot.UUCP (Julian Davies)
Newsgroups: can.politics,net.politics
Subject: Re: Deficits and Canada
Message-ID: <335@deepthot.UUCP>
Date: Tue, 24-Jul-84 16:40:14 EDT
Article-I.D.: deepthot.335
Posted: Tue Jul 24 16:40:14 1984
Date-Received: Wed, 25-Jul-84 05:24:33 EDT
References: <722@ubc-ean.CDN>
Organization: UWO CS, London Canada
Lines: 17

My opinion, for what it is worth, is that blaming Trudeau for whatever
ills are perceived in the Canadian economy is too simple.  The same
applies probably for Reagan and the USA.  (I say this even though I
very much object to some of reagan's policies.)   Governments
invariably discover that their freedom of action is much more severely
resticted than they would like, and they are bound by what the general
population will tolerate.  The Canadian population has become used to
a level of affluence which cannot be sustained indefinitely.  There
are strong forces (business among them) which act to blind people to
the elementary facts of global economics for a steady-state world.
   If the government is going to substatially reduce the deficits that
have been run up, and avoid future repetitions, Canadians (that means
US too) will have to accept a reduced standard of living.
   Since some people in canada are already on rather low incomes, the
impacts should fall primarily on those who are above-average in
wealth, -- I note that computer people generally aren't doing too
badly at present.