Biden’s plan would provide up to $10,000 in relief for individuals who earn less than $125,000 a year, and $20,000 for Pell Grant recipients.
A person sits on a tripod platform high above the street as protesters occupy an intersection during a demonstration to call for government action to on climate change in Vancouver in February 2021.
THE CANADIAN PRESS/Darryl Dyck
As Canada emerges from the pandemic, creating jobs and achieving full employment are top priorities. Relegated to the back burner are balanced budgets and reducing debt.
Finance Minister Chrystia Freeland gets a fist bump from Prime Minister Justin Trudeau after delivering the 2020 fiscal update in the House of Commons on Nov. 30, 2020.
THE CANADIAN PRESS/Sean Kilpatrick
The pace of federal government action to date does not align with the urgency of the twin climate and inequality crises. The latest fiscal update doesn’t go far enough on either crisis.
Far from saving for a rainy day, governments are seriously indebting our children and future generations due to profligate overspending.
Ben Wicks/Unsplash
Canadian governments are failing to treat future citizens fairly by saddling them with huge debt. What policies should Canadian governments enact that offer greater fairness to future generations?
Bank of Canada Gov. Tiff Macklem speaks during a news conference at the Bank of Canada on Sept. 10, 2020 in Ottawa.
THE CANADIAN PRESS/Adrian Wyld
While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
Prime Minister Justin Trudeau looks on as Finance Minister Chrystia Freeland responds to a question during a news conference on Parliament Hill in August 2020.
THE CANADIAN PRESS/Adrian Wyld
The speech from the throne is just around the corner. Will the Liberal government make broad and much-needed economic and social change amid the pandemic, or will it give in to the wealthy again?
The Fed can create all the money Uncle Sam needs.
GeorgePeters/E+ via Getty Images
Congress is spending trillions of dollars trying to rescue the US economy and support workers and businesses. Can America afford it? ‘No sweat,’ according to modern monetary theory.
Canada’s federal deficit has skyrocketed since the beginning of the coronavirus pandemic. How will Ottawa pay back the money its borrowed?
THE CANADIAN PRESS/Sean Kilpatrick
Canada’s federal deficit has ballooned as Ottawa spends billions in response to the coronavirus pandemic. An economist explains why the massive spending will not harm Canadians in the future.
Canadian bank notes are seen in this 2017 photo. Ottawa finances deficit spending by borrowing money. Twenty per cent of the money is borrowed from the Bank of Canada. In other words, the government borrows that money from itself.
THE CANADIAN PRESS/Adrian Wyld