Carney platform promises $130B in new spending, deficits until 2029 :Heart Attack:
- Thread starter DesRicardo
- Start date
Pee Pee is shitting bricks over that one.
You seem heartbroken that Carney closed that gap since Trudeau resigned. I think Trudeau did the right thing by resigning!!
Pee Pee's whole budget is wishy washy!!The same thing and worse can be said about Carney.
Carney's budget is like double Poilievre's and accomplishes less.
Well good for the liberals... Trudeau and jaghmeet Era is over... I can live with Carney.. lets see if he can work with Trump.
Harper was the last Conservative PM. His record is relevant, except that it ruffles your feathers. Just take your medication, as you need it!!
Greenhouse Gas Emissions are always bound to be higher, when the population is denser.
Has nothing to do with the GDP, as you as usual are comparing apples with crumbs.
It is like you comparing the number of Golf Strokes vs the Basketball Points. You will think that you won at Golf as you had more more strokes than your competitor........ROTFLMAO!!
As usual you cannot comprehend this very simple fact!!
Well, I could have lived with a Conservative Minority Government. But glad that Carney looks like the next PM as he has now won his riding!!
Jaghmeet is about to lose his seat. But NDP will let him decide his fate...weird..but ok..lol.he will probably fade to oblivion.
Jagmeet Singh has gone through three different elections as the leader.
Time for change for the NDP!!
I've said several times I see little daylight between them. I think Pierre had better senior tax policy. And better energy policy. That's how he hit my vote. Policy
Watched CNN conversation this evening. All agreed, Trump cost the conservatives the election. Poilievre came across as an extremely nasty, miniature version of Trump. Agreed, Carney is the lesser of two evils.
Carney Vs. Poilievre: Explaining The Trump Effect On Canadian Election 2025 | Times Now
Carney Vs. Poilievre: Explaining The Trump Effect On Canadian Election 2025 | Times Now
When Carney spends our deficit giving his friends contracts, will see if you think he's still the lesser of two evils.
I forgot, you'll be dead in a few years. You could care less about deficits and baying back debt.
Let’s discuss Canada’s national debt from the perspective of a total outsider from the US.
Carney's proposed spending, which will increase debt, is somewhat similar to Biden's actions. Investing in the future yields positive economic results. i.e., the infrastructure bill and tax incentives for clean energy, new manufacturing plants, suspending student loan debt, and many other bills he got passed to help the middle class and an investment in the future of the US. Many plants were open, like in Ohio, with the opening ceremonies or ribbon-cutting, the Republicans who had voted against the bill were now praising it as if they had been for it, when they had not.
The Biden tax credits enabled the purchase of massive TSMC fab plants for the most advanced chips, bringing them to Phoenix and other new fabs across the US, thereby investing in a high-tech future and creating numerous high-paying jobs. Spanning over 1,100 acres, the site is planned to eventually house up to six fabs. As of now, three fabrication plants have been launched, accompanied by two advanced packaging facilities and one R&D center, collectively forming a full-scale semiconductor manufacturing ecosystem. These are examples of good debt, as revenues decreased due to the tax credits. Just like much of Carney's proposals..
The Harris platform prioritized increased spending to improve lives, including child care and other essential services, thereby freeing up parents to be in the workforce. We have near-record-low unemployment and an economy that most of the world envies —until Trump.
Now up there... in Canada. You have a very low debt-to-GDP ratio compared to the rest of the G7, and there is room for "growth debt."
When the Canadian government takes on debt, it is mainly owed to yourselves. Most of Canada’s federal debt is held domestically—through Government bonds purchased by pension funds, banks, including the Bank of Canada, and even individual Canadians. Your debt is widely circulating within your economy, affecting Canadians.
Much of what Cary is proposing is to invest in long-term value such as healthcare, Transit & infrastructure, Skills training, Affordable housing • Clean energy, Child care etc..
The things that build a country and foster economic growth. It's like a business borrowing to buy real estate for expansion, or to purchase robots for greater efficiency, or other machinery or equipment. This is called investment and is seldom paid for out of current operating expenses; instead, it is typically funded by issuing bonds, equity, or through bank financing or lines of credit.
Think of it like a business borrowing to upgrade its equipment. It’s not waste—it’s an investment.
If Canada invests $1 billion, it should amortize that investment, just like a business would, considering depreciation on real estate, even if the value increases under US Generally Accepted Accounting Principles (GAAP). Perhaps consider it a cost over, such as a 20-year benefit period. Some of the benefits are intangible, making families feel more secure, while others are tangible, including higher wages and income taxes paid to Canada, as well as various other taxes.
Currently, Canada’s debt-to-GDP ratio stands at approximately 50%. You also have an AAA credit rating by Moody's, among others, which is better than the US. Your debt-to-GDP ratio is relatively low compared to your G7 peers: U.S.: ~112%, Japan: ~205%, France: ~93%, Italy: ~132%, UK: ~100%. and Germany: ~45%
Canada has an AAA credit rating from Moody’s, which is a few steps stronger than the US. Global markets trust Canada to pay its bills, and that translates to lower borrowing costs and long-term financial stability.
Was COVID borrowing reckless? No. It was an emergency response aimed at preventing economic collapse and averting numerous business and family bankruptcies.
Back in the late 90s, your ratio was close to 70%, but you brought it way down with the US/Musk Chainsaw massacre of most agencies and programs, which is the opposite of investment in the future.
Interest payments are relatively low, especially since most of your long-term debt is locked in at much lower rates. New debt will be more expensive, but it will still be a relatively small part of your annual budget, far less than in the US.
That’s what smart debt looks like. It’s not just about the money—it’s about what we’re building with it.
Often, the best investments don’t just appear on a balance sheet. But in
Classrooms, Hospitals, Roads and broadband, Stronger families, and Smarter workers
Just the facts, not ravings like from Trump, why Canada should be the 51st State:
"We don't need them to make our cars, we make a lot of them, we don't need their lumber because we have our own forests... we don't need their oil and gas, we have more than anybody."
Trump reiterated the assertion that the US has a trade deficit with Canada of between $200 billion and $250 billion. It's unclear where he obtained that figure. The trade deficit with Canada, expected to be $45 billion in 2024, is primarily driven by US energy demands.
Just the facts, not rants and misinformation on social media vs real journalists (most of whom left the Fox News division, not able to stand the misinformation of Fox and related propaganda talking points vs facts and science.
Carney's proposed spending, which will increase debt, is somewhat similar to Biden's actions. Investing in the future yields positive economic results. i.e., the infrastructure bill and tax incentives for clean energy, new manufacturing plants, suspending student loan debt, and many other bills he got passed to help the middle class and an investment in the future of the US. Many plants were open, like in Ohio, with the opening ceremonies or ribbon-cutting, the Republicans who had voted against the bill were now praising it as if they had been for it, when they had not.
The Biden tax credits enabled the purchase of massive TSMC fab plants for the most advanced chips, bringing them to Phoenix and other new fabs across the US, thereby investing in a high-tech future and creating numerous high-paying jobs. Spanning over 1,100 acres, the site is planned to eventually house up to six fabs. As of now, three fabrication plants have been launched, accompanied by two advanced packaging facilities and one R&D center, collectively forming a full-scale semiconductor manufacturing ecosystem. These are examples of good debt, as revenues decreased due to the tax credits. Just like much of Carney's proposals..
The Harris platform prioritized increased spending to improve lives, including child care and other essential services, thereby freeing up parents to be in the workforce. We have near-record-low unemployment and an economy that most of the world envies —until Trump.
Now up there... in Canada. You have a very low debt-to-GDP ratio compared to the rest of the G7, and there is room for "growth debt."
When the Canadian government takes on debt, it is mainly owed to yourselves. Most of Canada’s federal debt is held domestically—through Government bonds purchased by pension funds, banks, including the Bank of Canada, and even individual Canadians. Your debt is widely circulating within your economy, affecting Canadians.
Much of what Cary is proposing is to invest in long-term value such as healthcare, Transit & infrastructure, Skills training, Affordable housing • Clean energy, Child care etc..
The things that build a country and foster economic growth. It's like a business borrowing to buy real estate for expansion, or to purchase robots for greater efficiency, or other machinery or equipment. This is called investment and is seldom paid for out of current operating expenses; instead, it is typically funded by issuing bonds, equity, or through bank financing or lines of credit.
Think of it like a business borrowing to upgrade its equipment. It’s not waste—it’s an investment.
If Canada invests $1 billion, it should amortize that investment, just like a business would, considering depreciation on real estate, even if the value increases under US Generally Accepted Accounting Principles (GAAP). Perhaps consider it a cost over, such as a 20-year benefit period. Some of the benefits are intangible, making families feel more secure, while others are tangible, including higher wages and income taxes paid to Canada, as well as various other taxes.
Currently, Canada’s debt-to-GDP ratio stands at approximately 50%. You also have an AAA credit rating by Moody's, among others, which is better than the US. Your debt-to-GDP ratio is relatively low compared to your G7 peers: U.S.: ~112%, Japan: ~205%, France: ~93%, Italy: ~132%, UK: ~100%. and Germany: ~45%
Canada has an AAA credit rating from Moody’s, which is a few steps stronger than the US. Global markets trust Canada to pay its bills, and that translates to lower borrowing costs and long-term financial stability.
Was COVID borrowing reckless? No. It was an emergency response aimed at preventing economic collapse and averting numerous business and family bankruptcies.
Back in the late 90s, your ratio was close to 70%, but you brought it way down with the US/Musk Chainsaw massacre of most agencies and programs, which is the opposite of investment in the future.
Interest payments are relatively low, especially since most of your long-term debt is locked in at much lower rates. New debt will be more expensive, but it will still be a relatively small part of your annual budget, far less than in the US.
That’s what smart debt looks like. It’s not just about the money—it’s about what we’re building with it.
Often, the best investments don’t just appear on a balance sheet. But in
Classrooms, Hospitals, Roads and broadband, Stronger families, and Smarter workers
Just the facts, not ravings like from Trump, why Canada should be the 51st State:
"We don't need them to make our cars, we make a lot of them, we don't need their lumber because we have our own forests... we don't need their oil and gas, we have more than anybody."
Trump reiterated the assertion that the US has a trade deficit with Canada of between $200 billion and $250 billion. It's unclear where he obtained that figure. The trade deficit with Canada, expected to be $45 billion in 2024, is primarily driven by US energy demands.
Just the facts, not rants and misinformation on social media vs real journalists (most of whom left the Fox News division, not able to stand the misinformation of Fox and related propaganda talking points vs facts and science.
