The great British economist Adam Smith wrote in The Wealth of Nations that countries should be run like any well\u002Dmanaged household: they shouldn’t spend more…
It’s a time-honoured principle. Every family, farmer and small business owner in Canada knows that if you continuously spend more money than you make you’ll eventually go bankrupt.The NP Comment newsletter from columnist Colby Cosh and NP Comment editors tackles the important topics with boldness, verve and wit. Get NP Platformed delivered to your inbox weekdays by 4 p.m. ET.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
So how do we stop governments from running deficits all the time and saddling future generations with massive debt? But if the cost of new programs is buried deep down the well of deficit financing, voters might be more inclined to leave the tab for future generations to pay. Either way, it boils down to paying taxes today or paying them tomorrow. And if the decision is to postpone paying until some point in the future, we need to ask if it’s morally right to burden future taxpayers with the bill for services that we consume today.
Given that Canadian governments — both federal and provincial — so rarely balance the budget, a lot of Canadians could be forgiven for wondering if it really matters.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Community groups take aim at what's missing as city council contemplates 2023 budget\u0022This is very much a growth budget, but it has the feel of a very much status quo budget.\u0022
اقرأ أكثر »
WHAT'S MISSING?: City council's proposed 2023 budget raises questions for community groups\u0022This is very much a growth budget, but it has the feel of a very much status quo budget.\u0022
اقرأ أكثر »
Man with life-threatening injuries after shooting by Toronto police officerThe incident happened near Black Creek Drive and Todd Baylis Boulevard area Monday morning.
اقرأ أكثر »