Реклама. ООО «ЛитРес», ИНН: 7719571260.
preface
executive summary. Introduction
The United States’ Unsustainable Fiscal Trajectory
Federal Spending
Federal Budget Deficits and Debt
Federal Entitlements
The Centralization of Federal Power
The Amazing Canadian Fiscal Turnaround
The 1995 Budget – Ottawa Changes Course
Ottawa Cuts Federal Government Spending and Employment
Getting Government Right – Program Review
Spending Cuts Far Outweighed Tax Hikes
After the Reforms: Let the Good Times Roll
Canada’s Lessons for America
Lessons from Canada: Getting Spending Right
Lessons from Canada: Getting the Debt Under Control
Lessons from Canada: Entitlement Reform
Lessons from Canada: Decentralization
Lessons from Canada: Managing the politics of reform
Conclusion
introduction
PART I - How the United States Created Its Fiscal Crisis
chapter 1. First, Admit There’s a Problem: The United States’ Unsustainable Fiscal Trajectory
Federal Spending
Source: Office of Management and Budget (OMB).1
Sources: White House, American Presidency Project
Source: CBO Historical Budget Data, tables F-3 through F-5
Federal Taxation: Level and Composition
Sources: White House, American Presidency Project
Federal Budget Deficits and Debt
Sources: OMB, CBO June 2012 Long-Term Fiscal Outlook
Source: OMB
Federal Entitlements
The Centralization of Federal Power
Summary
PART II - Canada’s Crisis in the 1990s: Parallels to the United States Today
chapter 2. Spitting Distance from the Debt Wall
A Fiscal Time Bomb in the Making
Deficits and Debt: Can’t Have One without the Other
Big Debt Means Big Interest Payments
The 1995 Budget – Ottawa Changes Course
Ottawa Gets Serious about Controlling Spending
Source: Department of Finance Canada, 1995. Notes: Numbers may not add due to rounding or the exclusion of other relatively minor line items. Data for 1994/95 were preliminary estimates. 1995/96 and 1996/97 were forecasts
Getting Government Right – Program Review
After the Reforms: Let the Good Times Roll
Retrenchment Led to Robust Economic Performance
Economic Growth
Jobs, Jobs, Jobs
Investment – Building for Future Prosperity
All Boats Rose on the Reform Tide
chapter 3. Fiscal Reform: Unsung Provincial Heroes
Nearing the Wall: Provinces Exacerbate the Problem
Provinces Sink Into Debt
Saskatchewan: The NDP Leads the Way in Fiscal Reform
The 1993 Saskatchewan Budget – Securing Our Future
Saskatchewan Reaps the Benefits of Reform
Alberta: Creating the Alberta Advantage
The 1993 Alberta Budget – A Plan for Change
Alberta’s Fiscal Reforms Pay Off
Ontario: Mike Harris’s Common Sense Revolution
Ontario Fiscal Overview, 1995
Ontario Budget, 1996
Results of the Common Sense Fiscal Plan
Provincial Fiscal Policy, 1993–2008
Revenues, Spending, and the Deficit
Declining Provincial Debt and Lower Interest Costs
chapter 4. Entitlement Reform and Decentralization: Additional Lessons to be Considered
Canada Pension Plan – Real Reforms with Real Success
Canadian Welfare Reform: Decentralization and Incentives Matter
Provinces Tackle Welfare Reform
Welfare Reform Conclusion
K-12 Education: Power of Decentralization and Experimentation
Conclusion
PART III - How the United States Can Solve Its Fiscal Crisis
chapter 5. Fiscal Fitness: What Washington Would Look Like on a Canadian Diet. Promises, Promises: Bowles-Simpson and House Budget Resolution (“Ryan Proposal”), versus the Actual Canadian Experience
Summary: Canadian Reality vs. Bowles-Simpson and Ryan Projections
Lessons from Canada: Getting Spending Right
What, and How Much, to Cut?
Sources: Canadian Fiscal Reference Tables, June 2012 CBO Long-Term Budget Outlook
Federal Government Employment
Lessons from Canada: Getting Taxes Right
Composition of Tax Burden Important Too, Not Just Size
Source: CBO June 2012 Long-Term Budget Outlook
Lessons from Canada: Getting the Debt Under Control
Asset Sales to Bridge the Short-Term Deficit Gap
Lessons from Canada: Entitlement Reform
Lessons from Canada: Decentralization
Lessons from Canada: Managing the Politics of Reform
Conclusion
Endnotes
author information
As Canada watches America struggle with the painful state of its public finances we feel not only the concern shared by the entire world, but also a special kinship in the sense that Canada has been there and knows how hard chronic deficits and spiraling debt are to fix.
When we created the Macdonald-Laurier Institute, Canada’s national public policy think tank, two and a half years ago, Canadians themselves were unaware of the remarkable story of how our country had turned the ship of state around just at the moment that it was about to founder on the shoals of fiscal profligacy. And Canada succeeded so well that it enjoyed a remarkable decade of economic growth as a result, paid down considerable debt, saw its job growth rise, and then was able to weather the recent recession better than almost any other industrialized country.
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•A complete change to the federal government’s approach to agriculture, including a move away from an emphasis on income support to income stabilization.
•A massive reduction in the federal government’s involvement in the business sector, including a proposed 60 percent cut in subsidies to businesses.
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