corporate welfare

3:00AM
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Queen’s Park’s policies have raised the cost of electricity to the point of bankrupting individuals and businesses.


3:00AM
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By some estimates Ottawa gives $6 billion a year in support of business.

10:00AM
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The federal government will provide Bombardier, a Canadian aerospace company, with interest-free loans totalling $372.5 million.


8:25AM
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Ontario had to write-off $1 billion of taxpayer money from the General Motors/Chrysler bailout.


12:56PM
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Ontario and Michigan may fund corporate welfare on both sides of the border.


2:00AM
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Question: If someone made $62,000 last year, had $187,000 in their bank account, and yet sought a $5,360 subsidy from government, what would the common sense response be?


2:00AM
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Ever wonder how Canada's net federal debt reached $671 billion by 2013? Or how net provincial debt among the provinces ended up at $509 billion that same year? Wonder no more. It's partially due to massive subsidies to corporations, government businesses and even consumers that over three decades amounted to $684 billion.


3:00AM
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No normal person pays close attention to who is "in" or "out" as finance minister, and that's a good thing. It means the politician in question has avoided messing up the lives of ordinary Canadians. Still, their actions can and do matter, for better or worse.