Category: deficits

Deficits Forever and Ever

Commentary President Joe Biden’s budget predictably has sparked intense debate. Opinions on overall spending, taxes, equity, and deficits fill financial columns. To see what is happening to the nation’s finances, it helps to step away from these politically motivated criticisms and praise of the president’s proposals and instead look at the basic structure of government…


Average Canadian Family Paid 43% of Income on Taxes in 2021: Study

The average Canadian family spent over 40 percent of its income on taxes in 2021—more than food, housing, and clothing combined—according to a new study by the Fraser Institute. Published on Sept. 21, the study [pdf] found that while the average Canadian family earned an income of $99,030 in 2021, a total of $42,547 was used…