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Venezuela’s Guaido declares himself president amid protests
CARACAS, Venezuela — Venezuelan opposition leader Juan Guaido declared himself interim president in a defiant speech Wednesday before masses of anti-government demonstrators who took to the streets to demand President Nicolas Maduro’s resignation.
Guaido immediately drew recognition from the Trump administration, which said it would use the “full weight” of U.S. economic and diplomatic power to push for the restoration of Venezuela’s democracy.
Raising his right hand in union with tens of thousands of supporters, the head of the opposition-controlled congress took a symbolic oath before God to assume executive powers he says are his right under Venezuela’s constitution and take over the presidency until new elections can be called.
Guaido said he was taking the politically risky step just two weeks after Maduro took his own oath to a second six-year term confident that it was the only way to rescue Venezuela from “dictatorship” and restore
“We know that this will have consequences,” Guaido, 35, told the cheering crowd standing before a lectern emblazoned with Venezuela’s national coat of arms.
“To be able to achieve this task and to re-establish the constitution we need the agreement of all Venezuelans,” he shouted.
The declaration came as tens of thousands of anti-government demonstrators poured into the streets Wednesday accusing embattled Maduro of usurping power and demanding he step down as the country reels from a crushing economic crisis forcing millions to flee or go hungry.
Large crowds of protesters gathered in Caracas waving flags and chanting “Get out Maduro!” in what was the largest demonstration since a wave of unrest that left more than 120 dead in 2017.
Pro-government demonstrators dressed in red in support of Maduro were also marching in the capital, at times crossing paths with opposition protesters and shouting “sell outs” and “traitors.” National guardsmen launched tear gas at anti-government protesters in the middle-class
“Join us!” the protesters cried out to a line of officers wearing helmets and carrying shields. “You are also living this crisis!”
The protest is considered a crucial test for the reinvigorated opposition as it seeks to send a forceful message that Maduro no longer has the people’s backing and appeals to the military and the poor to shift loyalties that until recently looked solidly behind the president. The protests were called to coincide with an historic date for Venezuelans — the anniversary of the 1958 coup that overthrew military dictator Marcos Perez Jimenez.
“The democratic forces are here advancing,” opposition leader Maria Corina Machado said as she marched. “Not so that Maduro changes but so that he leaves.”
President Donald J. Trump in a statement called on other Western hemisphere governments to join him in recognizing Guaido.
“The people of Venezuela have courageously spoken out against Maduro and his regime and demanded freedom and the rule of law,” Trump said.
The demonstration comes after a whirlwind week that saw an uprising by a tiny military unit put down by government forces, fires set during protests in poor
Guaido, who is took the reins from a long list of better-known predecessors who have been exiled, outlawed or jailed, was dragged from an SUV just over a week ago by intelligence agents but was quickly released amid an international outcry.
Driving the crisis was Maduro’s decision to ignore international opposition and take the presidential oath on Jan. 10 for a second term widely considered illegitimate after his main opponents were banned from running against him.
Over the last two nights, Venezuelans angry over their country’s spiraling hyperinflation, and food and medical shortages have gathered in the streets banging pots and pans and setting up barricades in protest. In the city of San Felix, residents set fire to a statue of Maduro’s mentor and predecessor, the late Hugo Chavez.
In the southern city of Ciudad Bolivar, a 30-year-old worker, Carlos Olivares, was killed when four unidentified men descended from a beige Jeep and fired upon a crowd that was looting a store. Two more unidentified people were also killed, according to a police report of the incident, while two were injured.
For much of the past two years, following a deadly crackdown on the 2017 protests and the failure of negotiations ahead of last May’s boycotted presidential election, the coalition of opposition parties has been badly divided over strategy and other differences as millions of desperate Venezuelans fled the country’s hyperinflation and widespread food shortages. But buoyed by unprecedented international criticism of Maduro, anti-government forces have put aside their infighting and are projecting a united front.
In the run-up to Wednesday’s protests, Guaido crisscrossed Caracas attending outdoor assemblies known as “open cobildos” — for the revolutionary citizen councils held against Spanish colonial rule — pumping up crowds by arguing that Maduro must go for democracy to be restored.
“We are tired of this disaster,” he said Monday from the roof of a college building. “We know this isn’t a fight of a single day but one that requires lots of resistance.”
An enthusiastic crowd of students answered with shouts of “Freedom!”
Guaido has been targeting his message to Venezuela’s military, the traditional arbiter of political disputes.
Maduro, who lacks the military pedigree of his mentor, Chavez, has sought to shore up support from the armed forces by doling out key posts to top generals, including heading the PDVSA oil monopoly that is the source of virtually all of Venezuela’s export earnings. He has also been playing commander in chief, appearing last week at a military command meeting wearing camouflage fatigues and receiving the blessing of the
But beyond the public displays of loyalty from the top brass, a number of cracks have started to appear.
On Monday, Venezuelans awoke to news that a few dozen national guardsmen had taken captive a loyalist officer and seized a stockpile of assault rifles in a pre-dawn raid. The government quickly quelled the uprising, but residents in a nearby slum took to the streets to show their support for the mutineers by burning cars and throwing stones at security forces, who fired back with tear gas.
Disturbances continued into Tuesday, with small pockets of unrest in a few working-class
“People are tired of so much misery,” said Carmen Marcano, holding up her shirt to show seven buckshot wounds suffered during the clashes in the Cotiza slum next to where the rebellious guardsmen were captured.
Retired Maj. Gen. Cliver Alcala, a one-time aide to Chavez and now in exile, said the opposition’s newfound momentum has reverberated with the military’s lower ranks, many of whom are suffering the same hardships as regular Venezuelan families.
“I am absolutely certain that right now, especially younger troops are asking themselves whether Maduro is their commander in chief or a usurper,” Alcala said. “As we say in the barracks, hunger is the only thing that can devour fear of the government.”
Maduro has accused the opposition of inciting violence with the aim of provoking a bloodbath.
“I demand the full
Though intimidation has worked for the government in the past, it may not this time, said Dimitris Pantoulas, a Caracas-based political analyst. Discontent now appears to be more widespread and the ranks of security forces and government-allied groups have been thinned by the mass exodus of mostly young Venezuelans, he said.
“The government is resorting to its old tricks, but the people no longer believe them,” Pantoulas said.
___
Associated Press writers Fabiola Sanchez in Caracas and Christine Armario in Bogota, Colombia, contributed to this report.
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Joshua Goodman on Twitter: https://twitter.com/APjoshgoodman
Joshua Goodman, The Associated Press
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Taxpayers Federation calling on BC Government to scrap failed Carbon Tax
From the Canadian Taxpayers Federation
By Carson Binda
BC Government promised carbon tax would reduce CO2 by 33%. It has done nothing.
The Canadian Taxpayers Federation is calling on the British Columbia government to scrap the carbon tax as new data shows the province’s carbon emissions have continued to rise, despite the oldest carbon tax in the country.
“The carbon tax isn’t reducing carbon emissions like the politicians promised,” said Carson Binda, B.C. Director for the Canadian Taxpayers Federation. “Premier David Eby needs to axe the tax now to save British Columbians money.”
Emissions data from the provincial government shows that British Columbia’s emissions have risen since the introduction of a carbon tax.
Total emissions in 2007, the last year without a provincial carbon tax, stood at 65.5 MtCO2e, while 2022 emissions data shows an increase to 65.6 MtCO2e.
When the carbon tax was introduced, the B.C. government pledged that it would reduce greenhouse gas emissions by 33 per cent.
The Eby government plans to increase the B.C. carbon tax again on April 1, 2025. After that increase, the carbon tax will add 21 cents to the cost of a litre of natural gas, 25 cents per litre of diesel and 18 cents per cubic meter of natural gas.
“The carbon tax has cost British Columbians a lot of money, but it hasn’t helped the environment as promised,” Binda said. “Eby has a simple choice: scrap the carbon tax before April 1, or force British Columbians to pay even more to heat our homes and drive to work.”
If a family fills up the minivan once per week for a year, the carbon tax will cost them $728. The carbon tax on natural gas will add $435 to the average family’s home heating bills in the 12 months after the April 1 carbon tax hike.
Other provinces, like Saskatchewan, have unilaterally stopped collecting the carbon tax on essentials like home heating and have not faced consequences from Ottawa.
“British Columbians need real relief from the costs of the provincial carbon tax,” Binda said. “Eby needs to stop waiting for permission from the leaderless federal government and scrap the tax on British Columbians.”
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The problem with deficits and debt
From the Fraser Institute
By Tegan Hill and Jake Fuss
This fiscal year (2024/25), the federal government and eight out of 10 provinces project a budget deficit, meaning they’re spending more than collecting in revenues. Unfortunately, this trend isn’t new. Many Canadian governments—including the federal government—have routinely ran deficits over the last decade.
But why should Canadians care? If you listen to some politicians (and even some economists), they say deficits—and the debt they produce—are no big deal. But in reality, the consequences of government debt are real and land squarely on everyday Canadians.
Budget deficits, which occur when the government spends more than it collects in revenue over the fiscal year, fuel debt accumulation. For example, since 2015, the federal government’s large and persistent deficits have more than doubled total federal debt, which will reach a projected $2.2 trillion this fiscal year. That has real world consequences. Here are a few of them:
Diverted Program Spending: Just as Canadians must pay interest on their own mortgages or car loans, taxpayers must pay interest on government debt. Each dollar spent paying interest is a dollar diverted from public programs such as health care and education, or potential tax relief. This fiscal year, federal debt interest costs will reach $53.7 billion or $1,301 per Canadian. And that number doesn’t include provincial government debt interest, which varies by province. In Ontario, for example, debt interest costs are projected to be $12.7 billion or $789 per Ontarian.
Higher Taxes in the Future: When governments run deficits, they’re borrowing to pay for today’s spending. But eventually someone (i.e. future generations of Canadians) must pay for this borrowing in the form of higher taxes. For example, if you’re a 16-year-old Canadian in 2025, you’ll pay an estimated $29,663 over your lifetime in additional personal income taxes (that you would otherwise not pay) due to Canada’s ballooning federal debt. By comparison, a 65-year-old will pay an estimated $2,433. Younger Canadians clearly bear a disproportionately large share of the government debt being accumulated currently.
Risks of rising interest rates: When governments run deficits, they increase demand for borrowing. In other words, governments compete with individuals, families and businesses for the savings available for borrowing. In response, interest rates rise, and subsequently, so does the cost of servicing government debt. Of course, the private sector also must pay these higher interest rates, which can reduce the level of private investment in the economy. In other words, private investment that would have occurred no longer does because of higher interest rates, which reduces overall economic growth—the foundation for job-creation and prosperity. Not surprisingly, as government debt has increased, business investment has declined—specifically, business investment per worker fell from $18,363 in 2014 to $14,687 in 2021 (inflation-adjusted).
Risk of Inflation: When governments increase spending, particularly with borrowed money, they add more money to the economy, which can fuel inflation. According to a 2023 report from Scotiabank, government spending contributed significantly to higher interest rates in Canada, accounting for an estimated 42 per cent of the increase in the Bank of Canada’s rate since the first quarter of 2022. As a result, many Canadians have seen the costs of their borrowing—mortgages, car loans, lines of credit—soar in recent years.
Recession Risks: The accumulation of deficits and debt, which do not enhance productivity in the economy, weaken the government’s ability to deal with future challenges including economic downturns because the government has less fiscal capacity available to take on more debt. That’s because during a recession, government spending automatically increases and government revenues decrease, even before policymakers react with any specific measures. For example, as unemployment rises, employment insurance (EI) payments automatically increase, while revenues for EI decrease. Therefore, when a downturn or recession hits, and the government wants to spend even more money beyond these automatic programs, it must go further into debt.
Government debt comes with major consequences for Canadians. To alleviate the pain of government debt on Canadians, our policymakers should work to balance their budgets in 2025.
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