>Date: Fri, 13 Oct 2000 10:45:52 -0400 >From: Bruce Campbell <[EMAIL PROTECTED]> >Organization: CCPA >X-Accept-Language: en >MIME-Version: 1.0 >Subject: New from CCPA--CORRECTION >Status: > > > > > October 12, 2000 > >> Dear Members and Friends: > >There was a numbers mistake in my email notice (not in the study) >regarding Reality Check. The correct version is below. I have also >included the press release and attached the study itself in pdf format >> >> We released today REALITY CHECK: AN ALTERNATIVE ECONOMIC UPDATE. This is >> the first of the Alternative Federal Budget 2001 releases. Among other >> things it evaluates how the Liberal government allocated the fiscal >> surplus during their second mandate (1997-2001) Far from meeting their >> 50-50 commitment the report finds shockingly that only 2% went into >> program spending, with 63% going into debt reduction and 35% into tax >> cuts. > > > >FOR IMMEDIATE RELEASE >OCTOBER 12, 2000 > > Reality Check: Alternative Economic Update shows Liberals have reneged >on 50/50 > spending promise > >OTTAWA--An Alternative Economic Update released today shows that between >the 1997 election and fiscal >2001, the Liberals will have spent only 2 per cent of the fiscal >dividend on social investment, compared to >98 per cent on tax cuts and deficit reduction. > >This runs counter to pre-1997 election promises to spend 50 per cent of >the fiscal dividend on social >programs. > >The coalition releasing the report, entitled "Reality Check: An >Alternative Economic Update," says the >Liberals have a lot to make up for. > >"Our evaluation shows that federal program spending fell by one quarter >as a share of GDP during the >Liberal's first term. This has left federal programs smaller as a share >of GDP than at any time since the >1930s, and even smaller than federal spending in the US," said Jim >Stanford, Chair of the Macro-Policy >Working Group of the Alternative Federal Budget (AFB) coalition. > >"In their second term, the Liberals didn't even increase program >spending to keep up with inflation and >population growth. The result has been that despite our booming economy, >we have a ballooning social >deficit, which has left many people, especially women and children, out >in the cold," he said. > >"Women and children in Canada are facing crisis levels of poverty and >violence, and they desperately need >services. Women do not want tax cuts--banks want tax cuts. Women and >children need services," said Sara >Torres, a spokesperson for the Canadian Women's March Committee and the >Canadian Research Institute >for the Advancement of Women. > >"Nobody ever built a country on tax cuts," said Paul Leduc Browne, AFB >Co-Chair. "We challenge the federal >government to choose to rebuild and protect social Canada by investing >the entire surplus in rebuilding >health care, education, social services and income support," he said. > >For more information, please contact: Paul Leduc Browne, tel: >613-563-1341 ext. 301 >-- >Bruce Campbell >Executive Director >Canadian Centre for Policy Alternatives >Suite 410, 75 Albert Street, Ottawa, ON K1P 5E7 >Tel: 613-563-1341 Fax: 613-233-1458 >E-mail: [EMAIL PROTECTED] >http://www.policyalternatives.ca >Content-Type: application/pdf; x-mac-type="50444620"; >x-mac-creator="4341524F"; > name="reality-check.pdf" >Content-Description: Unknown Document >Content-Disposition: inline; > filename="reality-check.pdf" > >Attachment converted: Macintosh HD:reality-check.pdf (PDF /CARO) (0001FED8) >
