Replacing bad policies with good ones

Friday is Throne Speech Day, and we'll presumably get some clarity around agenda and how the new confusingly named Ministries will function.

A friend recently sent me an article about Canada's experience emerging from 'deficits, future entitlement promises, and a dysfunctional political system'.

The article is a good read, but the final paragraph is instructive and provides some hope:

For me, though, the key message of this book is that the future does not have to be a depressing choice between accepting sub-par growth or committing fiscal suicide. Canada's experience emphatically demonstrates that replacing bad policies with good ones leads to dramatic and rapid improvement, with the shift to financial soundness restoring confidence and actually boosting long-term growth.

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