Here's the scoop, folks...
The Finance Minister today tabled the fall fiscal update. They are predicting a small surplus for the overall fiscal year (April 08-March 09). They lost 100 million in August and 400 million in September. So far they are up 800 million for the fiscal year which is half over.
They plan on limiting pay raises for public servants, including MPs. They plan on selling over 2 billion in public assets, and........
Eliminating the taxpayer subsidy to political parties.
This is a measure that would save 30 million.
The biggest losers would be the Conservatives, as they stand to lose 10 million. But....the subsidy only amounts to 37% of their revenue.
The Bloc relies on it for over 80%. The Liberals over 60%. The NDP over 50%.
Now, the subsidy ($1.95 per vote if you got 2% or more) was the replacement for the union, corporate and individual donations over $1000 that were banned by the Chretien Liberals 5 years ago. Now the subsidy will be gone, leaving only one party able to raise the kinds of funds that make them able to fight elections: the Conservatives.
The opposition say that they will vote against. If the Conservatives make it a confidence vote then we could be back at the polls after Christmas.
The opposition has a choice of bankruptcy or election.
The Finance Minister today tabled the fall fiscal update. They are predicting a small surplus for the overall fiscal year (April 08-March 09). They lost 100 million in August and 400 million in September. So far they are up 800 million for the fiscal year which is half over.
They plan on limiting pay raises for public servants, including MPs. They plan on selling over 2 billion in public assets, and........
Eliminating the taxpayer subsidy to political parties.
This is a measure that would save 30 million.
The biggest losers would be the Conservatives, as they stand to lose 10 million. But....the subsidy only amounts to 37% of their revenue.
The Bloc relies on it for over 80%. The Liberals over 60%. The NDP over 50%.
Now, the subsidy ($1.95 per vote if you got 2% or more) was the replacement for the union, corporate and individual donations over $1000 that were banned by the Chretien Liberals 5 years ago. Now the subsidy will be gone, leaving only one party able to raise the kinds of funds that make them able to fight elections: the Conservatives.
The opposition say that they will vote against. If the Conservatives make it a confidence vote then we could be back at the polls after Christmas.
The opposition has a choice of bankruptcy or election.
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