On July 21, 2011, The Wall Street Journal published an article by Fred Barnes, “How Spending Cuts – Not Higher Taxes – Saved Canada”, where he discusses the fiscal reforms in Canada during the 1990s and he highlights MLI’s book, The Canadian Century. He says:
As America struggles over spending and debt, Canadians watch with wonderment. A new book, “The Canadian Century: Moving Out of America’s Shadow,” points to a role reversal—a strong Canada and a weak America.
In the foreword, former Canadian Ambassador to the U.S. Allan Gottleib writes: “If we want to see what would have become of Canada had we not lived through the difficult changes, we need look no further than Washington, D.C., where unreformed entitlements and undisciplined borrowing are hobbling America’s power to be a world leader.”
Mr. Barnes also quotes The Canadian Century and MLI Managing Director Brian Lee Crowley in a journal article he recently wrote in the Summer 2011 issue of National Affairs about Canada’s resurgence, “Lessons from Canada”. In reference to focusing on spending cuts, not higher taxes, to reduce the deficit, Crowley says, “What we learned in Canada was that actually the growth of the state, which seemed so inevitable, is not inevitable and unstoppable. He continues, “When faced with real costs — slow growth, high unemployment, increased welfare spending, rising public debt — we said, thanks, but no thanks, we don’t want that.” Canadians used the debt crisis to diminish the size of their government, with favorable results.
To learn more about The Canadian Century and how to obtain a copy, click here
To read the full article in The Wall Street Journal or the National Affairs journal, click the links below (subscriptions required):
“How Spending Cuts – Not Higher Taxes – Saved Canada” – The Wall Street Journal, July 21, 2011
“Lessons from Canada” – National Affairs, Summer 2011 issue