Budget to include $2B for PSE infrastructure


 

In recent weeks, both the Association of Universities and Colleges of Canada and the Association of Canadian Community Colleges have been lobbying the federal government for funds to improve post-secondary education infrastructure. It appears that they have succeeded.

According to Transport Minister John Baird, tomorrow’s federal budget will include $2 billion in spending for maintenance and construction at colleges and universities across the country over the next two years.


 
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Budget to include $2B for PSE infrastructure

  1. Infrastructure funding is crucial, no doubt, however, if there is not a
    parallel commitment to ensure adequate funding for students and institutions we will witness strange times at post-secondary institutions as new buildings go up, while students and teachers wait out in the cold for government support. Too many Canadians are having difficulties paying the bills and keeping their jobs, properly funding students, professors and institutions is more important than ever.

    OUSA’s Press release on the Budget
    http://cnw.ca/en/releases/archive/January2009/27/c3348.html

  2. All this seems to tell us is that with the scent of free money in the air, lots of people want to get their hands on some of the pie.

    For the record, I would be surprised if there is a professional economist in Canada who would be willing to say that paying down student debt would be an effective fiscal stimulus.

  3. It couldn’t possibly be less effective than giving people a tax credit to install a new kitchen or bathroom tiles or subsidizing failing auto dealers.

    I only want fairness – our parents and, indeed, anyone in school (especially professional school) 10-15 years ago paid far less for their post secondary education. I don’t see why young people today should suffer major debt burdens because Boomers want to expense their renovations from the public purse.

    (And, yes, debt forgiveness will indeed be a major structural stimulus, primarily because the current “credit crunch” and related bank failures all derive from too much debt. Giving new members of the workforce a break in debt repayments while they look for jobs in a touch market is an unmitigated “good thing”.)