The Lucknow Sentinel, 1982-08-04, Page 7ettltoria!
LUCKPi �,': SENTINEL•
"The Sepoy Tows"
Established 1873.
Increase the deficit
Canadians are still reeling- over the federalgovern-
ment's announcement in. the, June budget speech that the
federal deficit will be an alarming 819 billion this year..
But it's time "'the government increased that deficit!
The deficit has not risen to such' incredible heights
because the government is taking the leadership
necessary to get the economy working again. Rather the
deficit has accumulated because employment has risen
so dramatically because ' of the government's high.
interest rate policies 'which have crippled economic
growth.
Instead of taking decisive action to stimulate the
economy, the government has stood by and watched
unemployment and bankruptcies increase whilepleading
they cant't do anything until interest rates fall in '. the
United States.
Surely it would be better to increase the deficit over
the short term to create growth in the economy and put
people back to work. This would create industrial profits
and - employment generating new taxation revenues,
which are lost to : the government now through
unemployment and .industrial stagnation.
But a shot in the arm for the economy is not the only
action the Liberals should take. They should instruct the.
Bank of Canada to lower interest rates to one or two.
points above the rate of inflation.. Traditionally this is
where our interest rates have been set. To prevent the
exodus of investment money across the border where
investors could earn higher' ; -interest rates, foreign
exchange controls should be implemented.
As Ontario treasurer. Frank Miller has learned since
his provincialbudget was handed down in May, you can't
collect revenues by taxing people who are not spending
their money . or, worse, have little money to spend.
Miller relied on a number of tax increases - sales taxes
on goods and services previously exempt, higher health
insurance premiums, license fees and taxes on alcohol
and tobacco • as a way of keeping his deficit to 522 it
billion :for this fiscal year.
His plan isn't working. Ontario residents facing - high
unemployment, high mortgage rates costs and inflation
that drives, up the price of life's necessities, have little
extra money to spend. The extra revenue Miller expected
to .get from his tax increases aren't materializing and
the deficit is 8400 million higher than anticipated.,
Instead Miller could have planned a larger deficit and
pumped an extra 81 billion into the economy by offering
tax incentives to business to expand . production and
create jobs, by boosting the construction industry, by
building public housing and by stimulating high
technology industries, research .and development,
reforestation, agriculture and transportation.
In his turn federal finance minister Allan MacEachen
should have launched a broad program of economy
recovery by lowering interest rates, implementing
foreign exchange controls and offering tax incentives to
boost expansion which would create new : jobs.
But more important if MicEachen had taken some
leadership role in the economic •crisis we face, perhap's
Canadians would begin to work together to defeat this
monster called inflation which threatens to bring our .
country to its knees. It's ridiculous to ask someone who is
already out of work and can't find the money to feed his
family, to tighten his belt yet another notch,
If the federal government showed it was in command
of ,the situation by taking steps to deal with the crisis
instead of standing by and watching a non-productive
deficit grow, many Canadians would find the will to
participate in the six per cent solution,
The absence of goodwill, the bitter insults, the
combative and competitive "nature is as ominous as the
better known troubles we face.
Canadians -need to start working together again. We
have lost our generosity of spirit. The point is will we find
ourselves before the battle if lost?
State
"10
ur
opinion
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THOMAS A. THOMPSON . • Advertising: Manager
SHARON. J. DIETZ • Editor
PAT' LiVINGSTON • Office Manager
JOAN. HELM • Compositor
MERLE ELLIQfl Typesetter
Lucknow Sentinel, Wednesday, August 4,' 1962—Prig
Business and Editorial Office Telephone 5211.2822
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6'
La Sagouine/Tiie Sc
redtr-e►es
woman.
by don campbell
In the nineteenth century, the
British Empire was at the zenith of its
power, a position obtained by con-
quest, colonization and the industrial
revolution. Historians tend to dwell.
upon the exploits of the leaders of
those times, and depict the . era as a
glorious period in history. In reality,
the successes on both war and com-
merCe were achieved 'by the blood and
suffering of common people. Some of
the miserable wretches escaped from
the filth and poverty but never entirely
lost the scars of their earlier degrada-
tion, Kathleen Kelly was one of such
people.
The woman who managed Kelly's
Emporium with such dedicated ef•.
ficiency was a stranger even to her
best customers. She was courteous but
aloof, evasive of social intercourse,
and completely oblivious to the admit'.
ing glancesof men. Having reached a
prosperous status in • spite of, . her
humble beginnings, she seemed to
reflect a superior pride and appeared .
as 'a woman who stood confident and,
alone amongst her contemporaries,
Born Kathleen Brady, daughter of a
seaman and a mother she had never
known, she was a child of the Belfast
streets.' During the extensive voyages .
of herfather, she was lodged in one
dirty hovel after another, and at
sixteen, was left completely to the
mercy- of the world. Her father
bequethed her nothing but a few
words of advices "Get book learning
lass; if you hope one day to be a► lady!"
Between the long work shifts at
linen faetory, Kathleen heeded her
father's words. Dy skimping on the
bare necessities of life, and gleaning
precious pennies from her meager
wages, she bought the books to study
by candle light, yet Kathleen learned a
lesson which she did notread in print;
-- to climb the ladder of society she
would need more than just the
rudiments of a primary education.
She might have quite easily slipped
into the company of the "ladies of the
night", but Kathleen was far too wise
to follow the path to permanent ruin. If
her charms were to be traded, it would
be a transaction of -substance, By
crafty and devious means, she brought
herself to the attention of a rich
merchant called Sean Kelly. He .was
fat, homely and some twenty years her •
senior. Marriage, then, was the price
II