It seems like a lot of former Bernard Lord associates have done quite well for themselves. I gues that whole breach of personal privacy didn’t hurt Chisholm Pothier that much.
Anyway, Pothier brings a point of clarity to the Equalization debate in a letter to the editor of the TJ.
“As a province’s economy gets relatively stronger, its equalization payments may decline. This is how the program is designed to work.”
Now, of course, we all know this. I just like to hear the head of communications for the federal finance minister confirming that the Equalization program is designed to penalize provinces that are able to generate a little incremental economic development.
Equalization is the greatest disincentive to provincial economic development. Maybe that is why the majority of provinces are using the program and why the amounts keep going up each year.