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Macdonald-Laurier Institute

When you’re in a hole…stop digging!

October 28, 2010
in Columns, Domestic Policy Program, Economic policy, In the Media
Reading Time: 1 min read
A A

William Watson, writes on tax policy in today’s Financial Post. The MLI Research Advisory Board member, commenting on a recent paper by Harvard’s Martin Feldstein, advises governments to stop digging into debt by trimming tax expenditures. Just in case the message is too subtle, he also cites one of Preston Manning’s more memorable lines:

Feldstein’s first proposal for cutting the deficit is to stop digging, which brings to a Canadian reader’s mind Preston Manning’s 1990s watchword that the first thing you do when in a hole is stop digging.

Good advice for governments of all stripes. We would only add that all Canada’s finance ministers should also read Canadian Century.

Read the entire Watson column here…

Posted by GY

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  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy
      • Energy
      • Environment
    • Foreign Policy
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • An Intellectual Property Strategy for Canada
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
      • Labour Market Report
      • Leading Economic Indicator
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
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© 2021 Macdonald-Laurier Institute. All Rights reserved.

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