Tuesday, April 17, 2012

More cuts than meets the eye?

I hope this is true. We need a much smaller federal government. I'm sure there is some exaggeration from the msm and the left, but I hope they are right.mThe Tory base will be pleased. So much for page's structural never ending deficit.

$5.2B in spending cuts amounts to only half of upcoming government reductions, report shows     BY KATHRYN MAY, THE OTTAWA CITIZEN APRIL 17, 2012 10:02 PM     The unrolling of the Conservatives’ $5.2 billion in spending cuts, which has public servants on tenterhooks about their jobs, is only half of the reductions that federal departments will be swallowing over the next three years Photograph by: Wayne Cuddington , The Ottawa Citizen OTTAWA — The unrolling of the Conservatives’ $5.2 billion in spending cuts, which has public servants on tenterhooks about their jobs, is only half of the reductions that federal departments will be swallowing over the next three years A recent report by Parliament’s spending watchdog examines the cumulative impact of the spending cuts that departments are facing, showing the magnitude of the reductions announced in the 2012 budget are about the same size of those that departments are still wrestling to absorb from two previous budgets. It’s unclear whether the spate of job losses announced in the past several weeks come from the reductions in the 2012 budget or from previous rounds of spending cuts. Departments, however, have to shed $5.5 billion this year and two-thirds of those cuts were announced in the 2010 and 2011 budget.

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