PSCI 2401 Lecture Notes - Lecture 7: Health Care In Canada, Canada Pension Plan, Personal Bankruptcy

• School: Carleton University
• Department: Political Science
• Course: PSCI 2401
• Professor: Conrad Winn

Document Summary

Big debt means big interest payments which means that a significant section of tax $ goes off to paying off debt incurred from social programs offered in the past rather than present social programs. Bush and obama incurred debt for different reasons. The (cid:271)e(cid:374)efi(cid:272)ia(cid:396)ies of edu a(cid:396)e (cid:455)ou(cid:374)g ppl (cid:449)ho do(cid:374)"t follo(cid:449) the (cid:374)e(cid:449)s. Old ppl (they consume a lot of health spe(cid:374)di(cid:374)g, it"s the one big threat to social spending b/c you (cid:272)a(cid:374)"t (cid:272)ut health spe(cid:374)di(cid:374)g (cid:271)/(cid:272) the (cid:373)ai(cid:374) (cid:272)o(cid:374)su(cid:373)e(cid:396)s of it pa(cid:455) att(cid:374). to the (cid:374)e(cid:449)s(cid:895) If you cut spending on health care, you would lose support of the electorate. No premier wants to lose an election b/c someone said their cuts caused even one death it"s easie(cid:396) to u(cid:374)de(cid:396)sta(cid:374)d o(cid:374)e death than 500k ppl living one y less. Edu(cid:272)atio(cid:374) is(cid:374)"t a (cid:271)ig th(cid:396)eat, e(cid:454)(cid:272)ept pu(cid:271)li(cid:272) edu(cid:272)atio(cid:374) (cid:894)so (cid:373)a(cid:374)(cid:455) s(cid:272)hool tea(cid:272)he(cid:396)s(cid:895) If you spend more on social, you will get more debt.