Government spending won’t help youth unemployment

Youth unemployment remains high in Canada – 13.3 per cent according to the latest jobs report – and left-wing politicians, pundits, and activists are prescribing the same treatment as they do for all economic problems: more government spending.

However, as bad as youth unemployment is, young workers face a far larger problem: public debt. Many provincial governments – led once again by Ontario’s – will be increasing the tax burden on the next generation of workers by running massive budget deficits in the upcoming fiscal year.Meanwhile, the federal government has finally balanced the budget after running seven consecutive deficits and increasing the national debt to over $600 billion. The last thing the next generation of taxpayers needs is higher government spending and more public debt – even if the money is spent on programs designed to reduce youth unemployment.

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