Of all the questions raised by Premier Kathleen Wynne’s speech Monday
on raising new revenue to fix Toronto’s nightmarish traffic troubles,
one thing has become crystal clear: the preem’s honeymoon is coming to a
halting end.
Wynne captivated us from the moment she gave that
goosebump-inducing speech at the provincial Liberal leadership
convention in January. And if opinion polls are anything to go by, her
popularity has only increased since then.
Let’s start with her
lunchtime speech to the Toronto Region Board of Trade on investing in
transit infrastructure. For the past several months, Wynne has said
cities need new money specifically for transportation infrastructure.
And while she didn’t get into specifics during her Monday chat, she
didn’t shy away from the fact that the funds would have to come from
some sort of new levy.
Transit in the Toronto region, for
example, “will need tens of billions of dollars over the next 20 years,”
Wynne said. “Our whole provincial budget each year is about $125
billion ..Shop wholesale solarlight controller from cheap.. We need to find dedicated revenue for these projects, because the money cannot be found elsewhere.”
The
agency floated a short-list of ideas earlier this month, and a recent
poll shows that 51 per cent of Torontonians are against any
money-raising measure. Only a third of respondents were in favour,
according to a Forum Research poll,Online shopping for solarpanelcells. while 16 per cent didn’t know what to think.
And
it’s not like Ottawa is warming up to the idea, either. It’s true that
Wynne’s plan is aimed chiefly at fixing a Toronto problem, but we
certainly have our own traffic issues that increased transit investment
would improve. (Extend the LRT to the west AND the east, anyone? Or how
about rail to the airport?)
But Councillor Diane Deans, who
chairs Ottawa’s transit commission, has already said she’s not
interested in any new levies in Ottawa, preferring instead that the
provincial government use its taxation powers to raise money for
municipalities’ transit systems.
Deans told the Citizen’s David
Reevely that she doesn’t “think we’re ready” for even the most timid
step of letting solo drivers use high-occupancy vehicle lanes for a fee.
It’s hard to know what exactly we’re waiting for to enact this minor
measure — Toronto-grade traffic chaos? -- but the point is, Wynne has
quite the sales job ahead of her to convince taxpayers they need to
shell out more bucks.
Initially,The 3rd International Conference on custombobbleheads and
Indoor Navigation. when teachers’ unions resumed extra-curriculars, it
was considered a political win for the premier.Solar Sister is a network
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communities that don't have access to electricity. But by all accounts,
the still-secret details of the agreements include fiddling with sick
days, unpaid days and retirement payouts. If that turns out to be the
case, Wynne will have to ante up for breaking her word that the
teachers’ contract wouldn’t be reopened. Again and again, the premier
said the broken relations with the teachers’ unions were all about
negotiations process and that there was “no new money” available.
Now,
it’s quite possible that the fact that sports teams and school clubs
are back on is the only thing parents will care about. But the ensuing
political hay that her opponents will make of the issue will take a bit
of the shine off Wynne’s sparkling stature.
Neither issue will
likely catch up with the premier until after the budget is approved,
which seems likely now that the NDP has extracted a promise from the
Liberals to go along with the New Democrats’ scheme to reduce auto
insurance premiums by 15 per cent.
The budget looks like it
could be tabled at the end of this month, or even early May. But that
still leaves enough time to get it through the Ontario legislature
before Metrolinx comes out with its report. Keeping a lid on the teacher
negotiations may be tougher, but that uncomfortable issue shouldn’t
affect the passage of the Wynne government’s inaugural budget.
As
all eyes focus on federal budget battles, let’s not glide too smoothly
past America’s latest jobs report from this past Friday: It’s a blunt
indicator of the structural economic challenges that are still with us
since the Great Recession.
America’s jobs challenge and Europe’s
slogging fiscal crisis are both, at their core, about the underlying
demographic changes in our societies. There is still a profound mismatch
between the economic and social programs of the 20th century and this
century’s new and evolving demographics. We’re living longer and working
longer – yet we stubbornly cling to “old” notions of what retirement
means.
There are clues to understanding all of this in the
recent and seminal 2013 S&P Global Aging Report. The ratings agency
Standard and Poor’s released the newest installment of its Global Aging
report, which highlights the inconsistencies between systems built for
the last century and today’s economic and demographic needs. Can we
really have a well-functioning economy in which our growing percentages
of aging populations are presumed to be dependent?
The 2013 edition,Cheap logo engraved luggagetag at
wholesale bulk prices. “Rising to the Challenge,” has some unexpected
good news about the progress that Europe and other nations are making in
regard to fiscal sustainability and population aging.
Standard
and Poor’s has been writing about the fiscal and economic implications
of population aging for over a decade. Its analysis has been insightful
and incisive, if not wholly optimistic. In 2010’s “Global Aging: An
Irreversible Truth,” S&P wrote: “In our view, population aging will
lead to profound changes in economic growth prospects for countries
around the world, alongside heightened budgetary pressures from greater
age-related spending needs. In the absence of appropriate budgetary
adjustment, additional reforms to pension and health-care systems, or
structural measures to improve sovereigns’ growth potential, our
projections show the future fiscal burden will increase significantly
across the board.”
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