The government has decided to make cuts to Old Age Security (OAS). The truth is that OAS is economically beneficial to all of society -- seniors on OAS spend all of their money in their neighborhoods. That is money reinvested in our economy, in small businesses that in turn create jobs.
The ghost of elections past is coming back to haunt Stephen Harper. The Liberals are pointing out that when Harper campaigned
Rather than social programs to help the poor and vulnerable, to help seniors, there is an emphasis on fulfilling a right-wing agenda in areas such as crime. This reflects the lack of fact-based policy which is needed in a government that promotes economic growth.
The Prime Minister's efforts to save money on OAS may be laudable, but failing to address the demographic challenges and associated costs of the decades to come will have a serious impact on the young people of today. Our country's next generation will be burdened with debt and will lack the fiscal capacity to deal with the even longer-term issues.
The way this government chose to deliver the issue of reforming Old Age Security (OAS) was what surprised Canadian seniors. There was no build up to it, nor was it raised during the recent election. Canadians, especially those nearing retirement age rightly want to know what is going on and when these decisions were made.
Hey there! Over here! Actually, right behind you. Sorry to interrupt The Game. Or rather, the pre-game. Or the pre-game game. Did you hear that The Huffington Post will be launching a Quebec edition this week? I know, right? They just launched France, and now Quebec. "Le Huffington Post." Sounds like a cigarette. In Quebec's case, a cigarette with cheese curds and gravy -- and really, really good news and content, like the other HuffPost sites, except better because it's in French.
Raising the OAS age will target those least capable of doing without it. Rest assured, no one is going to quit working just because they will now get about $600 a month. But this will be very meaningful for those now living on less since access to Guaranteed Income Supplement is tied to receiving Old Age Security.