Cardus: Stimulus package requires more than money



    OTTAWA, Jan. 27 /CNW/ - Ray Pennings, Director of Research for Cardus,
expressed concern that Canada's federal budget provides a short-term solution
to a long-term problem, leaving the fundamental questions facing Canada's
economy unanswered.
    Said Mr. Pennings, "The government is responding to the public's
exaggerated expectations of what federal spending can fix. This budget does
not adequately address our over-reliance on credit, our demographic
challenges, and the overall need to renew our social architecture."
    Cardus' analysis, by Pennings and President Michael Van Pelt, reviewed
the budget with three questions in mind:
    
    -  Is the overall budget a reflection of short-term or long-term economic
       thinking?
    -  Is there a broader view of infrastructure beyond physical
       infrastructure?
    -  Is the budget fair and equitable for Canadians across our diverse
       landscape?
    

    Cardus concludes that although the budget buys Canada time to deal with
fundamental economic questions, the strategy is not without risk. "We are
borrowing from the future to maintain the ways of the past," said Pennings.
"The success of this budget will be determined by how well we use this time to
develop sound, long-term strategies, including answers to fundamental
questions about how we organize society, and what we expect from life."

    Cardus is a North American public policy think tank, equipping change
agents with best theories and practices of public life to renew North American
social architecture. Cardus launched in October 2008 to expand on the work of
its precursor, the Work Research Foundation. It has an annual operating budget
of approximately $1 million and is a registered charity.

    A copy of Cardus' analysis is available at
http://www.go.cardus.ca/budgetanalysis





For further information:

For further information: Media Contact: Ray Pennings, (403) 479-4590,
rpennings@cardus.ca

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Cardus

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