Tuesday, September 30, 2008

NDP 2008 platform externalities

NDP financial calender starts Apr/2009, so I'll push back their 3 yr budget 5 months to encompass Nov/08-Oct/11. http://www.ndp.ca/page/6984 source. NDP project a $12.21B surplus in their easy-to-read budget tables. But $6.9B of this is listed as "adjustment for programme overspending"; I'll ignore. In their budget tables, they claim 1/2 the surplus for infrastructure and 1/2 for paying down debt. This is a little less vague than the Liberal infrastructure spending commitment, but doesn't list specific infrastructure priorities, only some of qwhich I consider high ROI, so I'll ignore this. $2.655B in debt repayment is 0.58199% of $456.191B federal debt, yielding an externality bonus multiplier of 1.16398%.

NDP will raise additional corporate tax revenue of $26.9B. As described in Green Party externality account, good industry profits minus sindustries equal 21.8615% of Canadian 2007 profits were sin. So $26.9 x 21.8615% is $5.8807435B in NDP corporate tax externalities.

THC decriminalization, $1.2B.

1/3 of childtax benefit is high ROI (0-6 yrs old): so $1.166666B of $3.5B increased child tax credit is 1x externality. $4.65B daycare.

$2.5B homelessness fighting affordable housing. 1/2 of $150M for mental illness and drug initiatives; fighting mental illnesses fights homelessness so $75M.

$1.2B public transit at 2x, 1/2 tallied under transit. $30M producer co-ops; I've listed a similiar programme in Conservative budget under healthcare, it could even belong under agriculture. $10.9B cap-and-trade auction proceeds. Another $1.55B transit at 2x, 1/2 tallied under transit. Industry innovation and enviro-sector strategies, $2.88B. Green jobs, $2.25B. $30M sustainable agriculture: I like banning terminators at 2x, hate going organic at -2x, and like sustainable practises at 1x. So count $10M at 1x under environment (there is another budget table listed as $750M for manfacturing and agriculture, but I can't find these in the budget description, maybe listed erroneously as forestry and fisheries; I'll assume agriculture spending listed under the 3 bullets on page 14 is only $10M annually). Alternative energy and retrofits, $1.6B. Assuming $800M is for 2x retrofits that pay for themselves rapidly, and $800M for 1x alternative energy. Water, Parks and conservation, $470M. I don't consider municipal water to be an environmental externality unless noticably deficient, but these programmes are accompanied by a water audit. Described "individual and small business incentives", $1.5B at 1x. Ignoring vague "other measures" $650M.

$1.2B transit at 2x, 1/2 tallied under environment. Another $1.55B transit, 1/2 tallied under environment.

$150M for national literacy strategy arbitrarily at 1x. The only education externality I've listed.

$300M for R+D: research grants.

$3B Kelowna Accord, 14% of which I've accounted from INAC budget funds externalities: $420M.

$1.5B foreign aid increase.

$240M children nutrition programme seems like a high ROI healthcare externality, 1x. $150M Healthy living strategy is nice but too vague. Homecare transfers might reduce load on expensive hospital beds, but this isn't specified. Like the idea of buying generic drugs and bulk drugs, but nothing mentioned how to ensure excess stocks won't be overprescribed/wasted.

corporate tax externalities: $5.8807435B
Childcare: $5.816666B
Anti-homelessness: $2.575B
Environment: $23.19B
Foreign Aid: $1.5B
Kelowna Accord externalities: $420M
R+D: $300M
Education: $150M
Transit: $2.75B
Healthcare: 240M
THC: $1.2B

$44.022409B in positive NDP externalities mulitplied by 101.16398% debt paydown bonus is: $44 534 821 000 in externalities.