Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Wednesday, January 28, 2015

Contingency fund can be used to balance the books if necessary: Oliver

Canada’s Finance Minister, Joe Oliver, appears to be correcting the record on whether the contingency fund is in play to help balance the budget.

Last week on The West Block, Jason Kenny told Tom Clark, “We won’t be using a contingency fund. A contingency fund is there for unforeseen circumstances like natural disasters.”

Instead, he said there may have to be some adjustments on the spending side in the future.

During an interview with Tom Clark for this week’s episode of The West Block, Oliver told a different story.

“The contingency fund is there for unexpected and unavoidable shocks to the system and, you know, the oil price decline – which was a dramatic one – would fall in that category,” he said.

Though, he said that doesn’t mean they will use it they are just not ruling it out.

At the same time he made a point of reminding everybody who handles the books.

“I’m speaking as minister of finance so I’m sort of current on the thinking here,” Oliver told Clark.

You can catch the entire interview with Joe Oliver on The West Block this Sunday.

Original Article
Source: globalnews.ca/
Author: By Staff Global News

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