Monday, October 3, 2011

Election Math

What do you know about government deficits and debt?

What do you think of the election promises about raising and cutting taxes and spending? Do you believe the politicians? Do you think you could do better?

You can try out your own election math at the CBC Election Promise Calculator.

The current Ontario budget deficit, forecast at $16.3 billion for the 2011-12 fiscal year, according to budget figures.

Program costs and revenues are detailed in the calculator. They can be adjusted to see the impact on the deficit, which changes in accordance to changes in the position of the sliders.

Look what happens when we make all the spending zero...


We still have $97,415,000,000.00 deficit.

What programs would you cut?
Or would you increase program spending?
What taxes would you raise?
Or would you cut programs?

Can you make these decisions?

Here is what the leaders of the three parties said they would do in the debate:



But is this the right time to be trying to balance the budget? Or should we be "stimulating" the economy?


Unemployment in Ontario is at 7.5% (read more here).

Here is what the leaders of the three parties said about jobs in Ontario in the debate:

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