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Articles on Balanced budgets

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Bill Clinton, at right, oversaw the first balanced budget since 1969, with some help from a bipartisan deal with Newt Gingrich. AP Photo/Doug Mills

I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat

House Speaker McCarthy wants to put the US on a path to a balanced budget as debt ceiling negotiations begin with President Biden. Here’s why it won’t be easy to repeat what Bill Clinton accomplished.
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

Climate action, job creation are top post-pandemic priorities for Canadians

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.
Tammie Jackson, looking at the prescription drugs she could not obtain before enrolling in Montana’s expanded Medicaid program, in the summer of 2017. AP Photo/Bobby Caina Calvan

Medicaid work requirements could cost the government more in the long run

The new rules Kentucky and other states want to impose could leave millions of Americans who benefit from this safety net program uninsured – and resorting to the emergency room for their health care.
Finance Minister Bill Morneau and Prime Minister Justin Trudeau leave the Prime Minister’s office holding copies of the federal budget in Ottawa in March. Would Canada benefit from a Budget Honesty Charter of the type that’s had success in Australia? (THE CANADIAN PRESS/Sean Kilpatrick)

Should Canada emulate Australia with a ‘budget honesty’ charter?

Australia’s Charter of Budget Honesty could be easily adopted by Canada. Such a charter can include suggestions for constraints and rules that encourage fiscal discipline.

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