Government tone deaf to economic reality

Conservative nominee hopeful is “tired of corporate welfare”

Dear Editor,

Canadians have long tired of corporate welfare, whether that comes in the form of ne’er-do-well companies accepting government aid, or the type of pork barrel politics that results in multi-billion-dollar companies receiving millions of dollars of free money for new refrigerators.

It beggars belief that a government could be so tone deaf to the economic reality of so many Canadians, but this is life in Justin Trudeau’s Canada, where virtue-signalling to a coveted Liberal Party demographic takes precedence over fiscal responsibility.

Federally, we are currently debt-servicing to the tune of over $25 billion per year. We are making a giant pile of taxpayers’ dollars and setting fire to it, year after year, for no other reason than that politicians have lost the ability to say “no” to every request for taxpayer money. And today’s youth will carry the burden of making the payments on the proverbial credit card that we’ve proven too irresponsible to own – but that they refuse to cut up by voting the profligate spenders out of office.

Canadian taxpayers have seen the results of that moral hazard known as “Too Big To Fail” through corporate welfare payouts to Air Canada, Bombardier, GM, and many others. We never see value for our so-called investments, but worse still is the cultural effect these stop-gap measures have at the governance level of these corporations. Rather than being grateful and reforming themselves, they begin to depend on – and then demand – more money whenever they fail to formulate sound plans for their employees and shareholders.

Canadians deserve protection against private companies crying, “Too Big To Fail!” We need to know that we will not be on the hook for their wealth managers kicking the can down the road and refusing to tell their employees to expect less, pay more, or move from a defined benefit to a defined contribution plan.

Steve Schafer, Langley City

[Steve Schafer is seeking the Conservative Party of Canada nomination in Langley-Aldergrove.]

Just Posted

$18 million Aldergrove amenity seen as unfair for other Township communities

An unanimous council voted in favour of Councillor Eric Woodward’s policy to provide downtown Aldergrove with more resources.

Neighbour recounts ‘fifteen minutes of insanity’ after deck collapses at Aldergrove wedding

Local resident Charles Ford ran over to the dozens wounded, along with many other neighbours

High school mechanics get ‘huge head start’

The ACSS apprentices will showcase their work at this year’s Country Car Show in Aldergrove.

Wagner Hills brotherhood celebrates Easter hope

Five churches collaborated on Good Friday this year to present Stations of the Cross.

Langley pedophile wins appeal after violating court order

Kelly Glen Isbister’s sentence was cut by the BC Court of Appeal

What’s age got to do with it? B.C. couple with 45-year gap talks happy marriage

An Armstrong couple that has 45-year age gap began turning heads after being featured on show Extreme Love.

Loud jets from Abbotsford are annoying residents of tiny U.S. town

Flights out of Abbotsford airport turn over border town and annoy residents, Sumas mayor says

B.C. men challenge constitutionality of Canada’s secret no-fly list

Parvkar Singh Dulai says he received a “denial of boarding” notification under the no-fly program last May 17

Murder on B.C. property didn’t need to be disclosed before sale, court rules

Buyer had tried to break contract after learning a man with ties to crime had been murdered there

VIDEO: Spiderman-clad Lamborghini makes pit stop in Abbotsford ahead of Avengers premiere

Highstreet Shopping Centre displaying unique car during Friday’s opening of Marvel movie

B.C.’s largest Vaisakhi festival target of threatening Facebook post: Surrey RCMP

Police say they are investigating the posts on Facebook, after local MLA forwarded screenshots

Pug life: B.C. town boasts waggish list of dog names

Freedom-of-information request lists most ‘pupular’ dog names registered in White Rock

VIDEO: Fish farming company launches $30-million vessel to treat salmon for sea lice in B.C. waters

Freshwater treatment an improvement but fish farms should be removed from sea, says conservationist

Singh says childhood abuse steeled him for scrutiny and stress of politics

He recounts the assaults for the first time in his book Love & Courage

Most Read