Who in politics is talking seriously about this demographic fact?
By Jeffrey Simpson, Globe and Mail
How far ahead do politicians usually think?
In a minority government, politicians think an hour ahead sometimes, a month more often, a year ahead occasionally. In a majority government, parties have the luxury of preparing for electoral combat in four or five years, and governments can plan for something other than tomorrow's survival.
But how many political men and women think a decade ahead? Most of those in Parliament won't be around in 10 years. So if a problem arises today that will manifest itself in a decade, the political instinct is to punt. Let somebody else catch the ball, later.
This year and next, courtesy of the recession and significant government stimulus, the federal government will be amassing about $100-billion in debt. Provincial indebtedness will also be large. The federal parties, predictably but sadly, are ruling out options to pay the bill: no tax increases, no cuts in transfer payments to provinces, no cuts in the defence budget, no cuts in big transfers to individuals. As such, they are politically punting, arguing that economic growth will bring the budget back into balance.


