So what about the penny, it costs more than 1˘ to produce. So to me the choices were to either get rid of it, or make it a 2˘ coin. Since the production cost will probably go over 2˘ eventually, getting rid of it was probably the right choice.
The retirement age is not gong up to 67, you will not become eligible for old age security (OAS) payments until 67. OAS gets clawed back anyway if you have to much income in retirement, this will not have much impact (if any) on those that save and plan for retirement.
The way lobby groups hijack the EA process and delay projects for years, something had to be done.
As for the civil service job losses. Hopefully most of these will happen through early retirement. The rest should come from the bloated middle management rather than front line workers that actually provide services to Canadians. But I suspect that the managers will all CYA and it will be the front line workers that lose their jobs, while the managers collect bonuses for reducing the size of their departments.
Very disappointed that they did not reduce the $15-billion per year (on average between 1996 and 2007) they spend on corporate welfare. Corporations got a lower corporate tax rate, there should also be a reduction in what the government spends on corporate welfare (which as a fiscal conservative I happen to believe should be virtually eliminated for anything that is not R&D related). Maybe in next years budget, but I'm not gong to hold my breath on that one.