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Think tank believes Canada’s deficit to top $92 billion this fiscal year

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Butler1000

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Oct 31, 2011
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the general said:
What does that have to do with Canada's deficit? And believe it is $3.8 trillion over 10 years, you make it sound like one year.
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And CD Howe is top line as well.

My point is we are running about the same from a population size view. The difference is what are we getting vs what are Americans getting.

I will take my lvl of services vs the cuts coming down south thank you.
 
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the general

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Butler1000 said:
And CD Howe is top line as well.

My point is we are running about the same from a population size view. The difference is what are we getting vs what are Americans getting.

I will take my lvl of services vs the cuts coming down south thank you.
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So long as someone else is worse, it makes our absymal fiscal situation bearable. Surely, you can want better than that. BTW, the $92 billion forecast by CD Howe is for this year, and will get worse, without some constraint measures. I expected Carney to be more fiscally responsible, but isn't looking that way.
 
The Oracle

The Oracle

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''Carney also announced a plan earlier this year to separate Ottawa’s budget into capital and operating streams, and to balance the operating side of the equation in three years.

C.D. Howe said the rationale for introducing separate streams is “unclear” and could deal “a serious blow to transparency and accountability” if major changes are made to how the government defines capital or operating costs.

“Without clear standards audited by independent sources, this approach is ripe for abuse,” the report read.''

And this folks is how Carney will attempt to flim flam the electorate as to what is really going on...
 
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Butler1000

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Oct 31, 2011
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the general said:
So long as someone else is worse, it makes our absymal fiscal situation bearable. Surely, you can want better than that. BTW, the $92 billion forecast by CD Howe is for this year, and will get worse, without some constraint measures. I expected Carney to be more fiscally responsible, but isn't looking that way.
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Well no, I think CD Howe is a partisan think tank that gets paid for these types of projections. So while the headline looks bad, if you took the time to read it they put a wider range, with lots of qualifiers in it.

And yes, considering the present economic, trade, and diplomatic conditions I am prepared to accept a deficit.

I am also, from a conservative point of view, happy with Bill C-5 for long term planning. Coupled with recent Ontario legislation it clears a path to get shit done.
 
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squeezer

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Ah,, so now the righties are against defense planning? LMAO, if it were PEE PEE announcing it, all would be quite in the Twilight Zone.
 
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glamphotographer

glamphotographer

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Canada
squeezer said:
Ah,, so now the righties are against defense planning? LMAO, if it were PEE PEE announcing it, all would be quite in the Twilight Zone.
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The Liberals are implementing conservative policies (defense spending, eliminating the carbon tax, cutting immigration, etc), but because it's not PeePee doing it, all the righties have left is to complain. Perhaps the righties are turning to far-right extremism (which isn't Conservatism), which is the trend I see happening now. BTW, The US deficit is in the trillions, and the new bill will be in more trillions.
 
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the general

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squeezer said:
Ah,, so now the righties are against defense planning? LMAO, if it were PEE PEE announcing it, all would be quite in the Twilight Zone.
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Actually, righties are generally against huge deficit spending, so if you want to spend more on one thing, you need to cut back or raise revenue somewhere else. The Liberals under Trudeau were handed a balanced budget, and in good times, ran huge deficits. Can you imagine the deficit numbers if the economy really tanks. You should run a surplus during good times, to be able to run deficits during bad times. Trudeau and most Liberals don't understand this, Carney is off to a bad start.
 
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Frankfooter

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the general said:
Actually, righties are generally against huge deficit spending, so if you want to spend more on one thing, you need to cut back or raise revenue somewhere else. The Liberals under Trudeau were handed a balanced budget, and in good times, ran huge deficits. Can you imagine the deficit numbers if the economy really tanks. You should run a surplus during good times, to be able to run deficits during bad times. Trudeau and most Liberals don't understand this, Carney is off to a bad start.
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The righties have backed Austerity for 50 years now.
Tax breaks for the rich and corporations, service cuts and tax increases for the middle class and poor.

That's what's given the US and Canada the big debts, tax cuts that took out revenue from governments.
Austerity has always come with massive deficits.
 
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squeezer

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Jan 8, 2010
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the general said:
Actually, righties are generally against huge deficit spending, so if you want to spend more on one thing, you need to cut back or raise revenue somewhere else. The Liberals under Trudeau were handed a balanced budget, and in good times, ran huge deficits. Can you imagine the deficit numbers if the economy really tanks. You should run a surplus during good times, to be able to run deficits during bad times. Trudeau and most Liberals don't understand this, Carney is off to a bad start.
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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 deficits
www.investmentexecutive.com www.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.
 
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JohnLarue

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Jan 19, 2005
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the general said:
Actually, righties are generally against huge deficit spending, so if you want to spend more on one thing, you need to cut back or raise revenue somewhere else. The Liberals under Trudeau were handed a balanced budget, and in good times, ran huge deficits. Can you imagine the deficit numbers if the economy really tanks. You should run a surplus during good times, to be able to run deficits during bad times. Trudeau and most Liberals don't understand this, Carney is off to a bad start.
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the Liberal party of Canada was taken over by the loonie left (Gerald Butts)

There is no resemblance to the Liberal Party of Jean Chrétien / Paul Martin

The current Liberal Party has no intention of applying fiscal restrain

The shit will hit the fan and Canada will be maxed out on debt just when we will need to borrow
This will not end well.
 
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