As a part of Harper’s announced “major transformations,” the retirement age will be increased to 67 from 65. The argument is that our current Old Age Security system is unsustainable but when you look at the way the Conservatives manage your money and when you look at their pensions, you just have to wonder if it is necessary.

In the May 2011 election, Harper won on the premise that he was a good economic manager and the media touted his management as supreme. Apart from that propaganda, the numbers tell a different story. Despite the 2008 recession being caused by external forces, Harper’s mismanagement is as much to blame for the 2008 crisis and the mess that has yet to be cleaned up.

The Conservatives may claim they are good hands on the wheel in terms of the economy but it is no secret that they dug us into a whole. They claim Canada is leading the G8 out of recession but after the UK (77%), Germany (80%), and France (81%), Canada’s debt to GDP ratio is 84%. Below is a glance at Canada’s debt over the years.

They may load our TVs and YouTube channel advertisement areas with promotions for their Economic Action Plan but the unemployment rate went up in December – not down.

Canada can apparently afford:

Harper announced at the World Economic Forum in Davos Switzerland that his Conservative government would be bringing in “major transformations” to the retirement pension system, immigration, science funding, and the energy sector but left no concrete plans on how these changes would take place. The opposition charged that his retirement changes would financially cripple millions of Canadian seniors.

Harper’s omnibus crime bill is set to cost Ontario tax payers over $1 billion in increased police and correctional service costs. With this massive jump in spending toward a crime initiative that has failed in Texas, what are the repercussions on the end users – tax payers.

Canada is slowly and barely recovering from the worst economic downturn since the great depression and with the federal budget maxed out as it is, and about to undergo austerity, Harper has decided to ram his ideology down the throats of provincial finance ministers. As we speak, provincial budgets are in bad shape and their debt to GDP ratios are higher than that of the federal government.

The NDP leadership race is soon coming to a close and they will crown one of  8 people as their new leader. The media has claimed a two-way race between Thomas Mulcair and Brian Topp for leader but this speculation is useless as it will be the card-carrying NDP members that will make the final verdict. Based on Liberal failures in the past 6 years, here are some pieces of advice and caution:

The Conservatives like to claim that they shrink government size and spending. Like with Progressive Conservative Prime Minister Brian Mulroney, spending soared and Canada crashed. Mulroney introduced the GST, but that was not enough to clean his mess. In the 1990s, the Liberals under Jean Chretien took the unpopular decision to make cuts and the way they did it turned out to be widely successful as it gave the Liberal Party 13 years of uninterrupted power. Now, the Conservatives are left with no choice but to try it for themselves – for the first time.

The Harper Government is quietly looking into a $3.7 billion purchase of new search-and-rescue planes. When the idea was pitched 6 years ago by the Conservatives, the cost was $3.1 billion, $600 million less than now. The project was put into a bureaucratic limbo a long time ago when Paul Martin first approved it and it never got done.

As of January 1, 2012,  you will be making less money as Harper’s Employment Insurance Premium Hikes take effect. Workers will see their EI premiums rise 5% of insurable earnings to $1.83 while the maximum insurable pay has been raised to $45,900 from $44,200.

The Conservatives have announced that cuts will be made to healthcare and let’s face it, it had to happen sooner or later. While the Conservative approach may be against that of the Canadian will and may also align with a stern ideological aspect, the economic logic makes sense.