Still officially reported as a surplus, you can't refute facts. While unless you're a Liberal sycophant and you have your own reality. I view that under years of stress, running a deficit is acceptable, but when you run it when the economy is going well, it is incompetency, as you can't even tell if it is your helicopter money spurring on the economy, or you actually have a strong one. Trudeau had several years where he should have run a surplus, but didn't and unfortuantely I don't think Con Carney can totally get away from the Liberals mentality.Reading is your friend...
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www.cbc.ca
No surplus after all, due to sputtering economy and Harper spending, Liberals say
Finance Minister Bill Morneau’s first fiscal update suggests the new Trudeau government is going to have to run higher-than-expected deficits to pay for the pro-growth stimulus program it has promised.www.thestar.com
Harper became Prime Minister in the fall of 2006, and in FY 2006-2007, the Harper government posted a fiscal surplus of $13.9 billion. In FY 2007-2008 the surplus was $9.6 billion (0.6% GDP).
What was the deficit under Harper?
During the period that included the 2008 financial crisis and the Great Recession affecting global economies, Harper's government reported five straight budgetary deficits—$55.6 billion in FY 2009-2010 (-3.6% GDP), $33.4 billion in FY 2010-2011, $18.4 billion in FY 2012-2013, and $5.2 billion in FY 2013-2014 then came his nonsensical spin trying to fool the voters.
Think tank believes Canada’s deficit to top $92 billion this fiscal year
- Thread starter DesRicardo
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Harper took a big surplus and then ran massive debts.
Likely that last surplus was to try to win an election.
And if you're going to say Harper had the recession then you have to say Trudeau had the pandemic, which was a bigger issue.
Why is Doug Ford a Conservative running a deficit? Why are you not jumping up and down over Doug's deficits? When has Doug ever had a surplus? I don't believe he has, just like no other Conservative PM has had a real surplus.
READ, it is really important to read
How Harper Put Canada Massively in the Red | The Tyee
He ate up a huge federal surplus, piled up six deficits. This PM wants to run on fiscal smarts? Last in series.
thetyee.ca
I'm sorry but you are not operating in reality.
Did Carney not announce he was going to increase spending? Did he not announce policies that would lower Revenue expectations? What are we getting out of this?
The PBO, Think Tanks, The auto sector, The unions, the media, etc are all starting to say "where are we going with this?"
Because he's not a Conservative, he's a buffoon. I'll call out Ford just like I'll call out Trudeau and now Carney. We should only be running deficits in times of economic crisis.Why is Doug Ford a Conservative running a deficit? Why are you not jumping up and down over Doug's deficits? When has Doug ever had a surplus? I don't believe he has, just like no other Conservative PM has had a real surplus.
READ, it is really important to read
How Harper Put Canada Massively in the Red | The Tyee
He ate up a huge federal surplus, piled up six deficits. This PM wants to run on fiscal smarts? Last in series.
this is the fundamental issue
Trudeau ran deficits be cause he was too stupid to understand fundament economics and because he wanted to buy votes
Carny is running massive deficits claiming there is an economic crisis (Tariffs) , but then decided parliament needed a summer vacation
Caney does not get the Liberal nomination without Gerald Butts endorsement
Butts and Carney are both Globalist who do not give a rats ass if Canadians standard of living declines as long as Globalist objectives are met.
I believe Squeezer has a read comprehension problem. That or he just isn't very good a math.
So Harper cut back on government spending, including the size of the public servants, in order to achieve a balance budget. Sounds like the right thing to do, rather than run huge deficits and continue to balloon the size of the public servants.Why is Doug Ford a Conservative running a deficit? Why are you not jumping up and down over Doug's deficits? When has Doug ever had a surplus? I don't believe he has, just like no other Conservative PM has had a real surplus.
READ, it is really important to read
How Harper Put Canada Massively in the Red | The Tyee
He ate up a huge federal surplus, piled up six deficits. This PM wants to run on fiscal smarts? Last in series.
And don't like how Doug Ford is governing, and unless things change wouldn't vote for him and didn't the last election. I think he has more Liberal values, than Conservative ones.
The differences is that while Trudeau had a pandemic, and it shutdown many businesses, it rebounded quickly after the pandemic ended, and Trudeau ran huge surplus before and after. In Harper's case, the world wide great recession took several years to rebound for all countries. You really don't have much sense of what really happens.
The difference is that Harper was trying to deregulate banking just as our more regulated banking saved us from the worst of the recession.
Harper did worse than average through the 2008 recession, which was a small one.
Trudeau did better than most.
It was called the "Great Recession" for a reason, it was not a small one. And "Trudeau did better than most", continues to demonstrate your delusional thought process. Frankie, were you drinking all day before you posted. Might want to give it a sober moment next time.
The fact is he never achieved a balanced budget. Go deeper and tell me how he fudged the numbers to try and pretend he had a surplus just before the election, which HE LOST to Justin btw.
It wasn't as big as previous recessions. It was relatively minor and caused by right wing banking deregulation.
Why do you keep pushing for economic policies that have failed every single time they are tried?
Why do you keep pining for the good old days of conservatism yet ignore the one major difference?
The official numbers remain with a surplus, you can say it was fudged, but there are offical. Why can't you accept facts!
Pretty much one of the worst recessions, other than the depression. I have no idea why you think an economic policy that strives for a balanced budget is a bad idea, and they haven't always failed. You seem to think that the current fiscal path is sustainable, guess you don't manage your own budget any better. Supporting fiscal irresponsibility is just insane.
Historically the GOP in the states leaves bigger deficits and historically its the same here.
PeePee spent more than Trudeau in office expenses, DoFo has given Ontario massive debt and deficits.
You also seem to be ignoring that right wing deregulation lead to the 2008 recession in the first place.
It was more than just deregulation, there was a lot of mortgage fraud that contributed significantly to the recession. I am sure you are waiting for regulation to tell how to live your daily life otherwise you can't decide anything. Most people can think on their own, excluding the leftist of course.
Deregulation gave us Walkerton.
Enjoy the freedom
