Think tank believes Canada’s deficit to top $92 billion this fiscal year
- Thread starter DesRicardo
- Start date
HIstorically conservatives leave bigger deficits.
Check DoFo's record.
The only party to post a surplus was the liberals.
I think he does. The last election showed that once again, the present Conservative leadership can't win. All across the nation the Conservatives can win provincially, but he couldn't even win his own riding.A few years.
He doesn't have that kind of time.
I think he has at least a year. And if he does get the deal, announces other trade deals, he calls an election and gets a majority. PP was never a first choice except against Trudeau.
Just pass it off to the next government or sell some highways or hydro cheaply to rich people. Inflation 1.7 percent and they don’t lower interest using Trump tariffs as bullshit excuse, the liberals are bleeding Canadians dry. Keep voting for them next time morons.
No, Harper had the great recession to manage through. Which was more sustained. Here are the numbers, which for 2015 was a $1.9 billion surplus and then Trudeau took power. Maybe you should check your sources.Facts are important! Harper DID NOT hand Justin a balanced budget and yet Harper did not have a pandemic to deal with. Please don't waste my time with nonsense. https://globalnews.ca/news/2202138/...traight-deficits-like-the-ndp-liberals-claim/
Reading is your friend and I'm here to help you https://www.cbc.ca/news/politics/liberals-roll-back-harper-initiatives-1.3504107
What is truly disgusting is that Harper was given a surplus and blew it up, and here we are...
Harper exploits short memories | Investment Executive
The prime minister has taken credit for returning Canada to balanced budgets after years of deficitswww.investmentexecutive.com
The reality is that Harper inherited a $13-billion surplus from the Liberals and that the governments of Jean Chrétien and Paul Martin reported budget surpluses in three-quarters of their combined 13 years in power.
Again, please inform yourself before you spout off nonsense.
Summary of Economic and Fiscal Developments Since Budget 2015
billions of dollars
��
| Economic and fiscal developments by component2: | |||||||
|---|---|---|---|---|---|---|---|
| Projection | |||||||
| 2014– 2015 | 2015– 2016 | 2016– 2017 | 2017– 2018 | 2018– 2019 | 2019– 2020 | 2020– 2021 | |
| Budget 2015 budgetary balance1 | -2.0 | 2.4 | 2.7 | 3.6 | 4.6 | 7.8 | n/a |
| Economic and fiscal developments since Budget 2015 | 3.9 | -5.4 | -6.6 | -6.1 | -6.0 | -6.1 | |
| Revised budgetary balance | 1.9 | -3.0 | -3.9 | -2.4 | -1.4 | 1.7 | 6.6 |
| Budgetary revenues | 3.0 | -2.9 | -5.2 | -5.3 | -5.4 | -5.8 | |
| Program expenses | |||||||
| Major transfers to persons | -0.8 | -1.5 | -1.3 | -1.1 | -1.0 | -0.9 | |
| Major transfers to other levels of government | 0.1 | 0.2 | 0.0 | 0.3 | 0.4 | 0.5 | |
| Direct program expenses | 1.5 | -1.0 | -0.6 | -0.8 | -0.8 | -0.4 | |
| Total | 0.8 | -2.3 | -2.0 | -1.6 | -1.4 | -0.8 | |
| Public debt charges | 0.1 | -0.2 | 0.5 | 0.9 | 0.9 | 0.5 | |
| Total economic and fiscal developments | 3.9 | -5.4 | -6.6 | -6.1 | -6.0 | -6.1 | |
| Note: Totals may not add due to rounding. 1 Budgetary balance before set-aside for contingencies. 2 A negative number implies a deterioration in the budgetary balance (lower revenues or higher spending). A positive number implies an improvement in the budgetary balance (higher revenues or lower spending). |
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Let's focus on the last 10 years under the Trudeau Liberals. Canada's debt outstanding went from $650 billion to $1.450 trillion, an increase of 800 billion. Meaning Trudeau and the Liberals ran deficits in the 10 year period greater than all previous periods combined. Think about that, and tell me that the Liberals aren't the problem. And under Carney, this year's deficit is heading towards $100 billion. It was a time for change, but lefties somehow thought things would be fine under Con Carney, doesn't appear so, at least the way things are heading currently.
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He doesn’t. He has to present a budget by November and every party is waiting to pounce on him. A lot of spending commitments but no revenue to offset.
He already dropped DST and people are pissed.
The NDP and Bloc have no money for an election. NDP no leadership either. And no, some pundits and hardcore politics followers are pissed. Go ask a dozen people out and about this weekend and most are indifferent.
Canadians don't want an election right now. They want quiet stability.
You most likely won’t even get that. Trump and quiet stability don’t really mix.
Of course we won’t have an election right now. In a year and a half, let’s see.
I agree. And I meant quiet stability at home. We actually elected a Conservative. What he is spending on is infrastructure, defense and the like. A small tax cut. He is actually planning long term policy. It's the first time in a decade.
As I've said, he is a Grey man. The process guy. No flash, just a cold numbers type. He is going to wait Trump out. DST is just on hold. He will bog things down.
Trump is headed for a world of bad news domestically. That bill is not popular. Once the reality hits with his base they are going to be the ones pissed. Jobs report came out. Net negative 33,000 jobs according to ADP. They were expecting +100,000. Recession numbers are coming next. And I think a stock market drop hits in November. And more bad inflation numbers due to tariffs.
And no fake war is going to help him.
Keep telling yourself that. I enjoy watching Carney get bent into a pretzel.
wait all you want. The deadline is July 21
Because Trump has never moved a deadline......Keep telling yourself that. I enjoy watching Carney get bent into a pretzel.
wait all you want. The deadline is July 21
Yup. Any deal really isn't one. So imo it's better to string things out until sanity returns. No point signing a bad deal.
As the old Cosby joke goes, "how long can you tread water?"
And the answer is: not as long as you’re trying to make it seem.
Stop cherry picking dates.
The cons create worse deficits.
Same as trump is doing in the US, same as DoFo is doing in Ontario.
Cherry picking dates, it is the last 10 years of Liberal leadership, hardly cherry picking. Created more debt that all previous administrations combined. No one has ever created bigger deficits in Canada than the Liberals. And btw, Trudeau was handed a surplus from the previous year of $1.9 billion, contrary to what your friend squeezer trys to claim.
Harper added almost as much debt because he didn't see a recession coming.
Trudeau took us through a pandemic.
You back conservatives adding debt but want to use it as criticism only for liberals.
