Canadian Politics Today

Yes, it is all Trudeau's fault. I heard Peter Peter Pumpkin Eater Poilevre on the radio this morning saying how wonderful the Harper government was in the first two years when it paid down billions in debt. Of course the little weasel forgets to mention the fact that they inherited a record surplus from the previous government, and turned it into a deficit before the recession hit. They only paid down debt because they had a budget from Martin that allowed them to. They squandered away billions and billions, year after year until someone has the sensibility to restore proper taxation to the rich (Trudeau did a very small bit), corporations, and the GST. That is the reason we are running deficits, it is 100% on Harper/Flaherty.

I really don't get how liberal fanatics like you think anyone will take you seriously when you ignore the recession and ignore that your party was basically falling all over itself demanding ever more spending. You're just a **** political hack.

Maybe the rage in you blinds you to the reality that everyone else can readily understand.

Let me explain something to you, comrade. The Tories lowering taxes is not "squandering" billions. It is simply btaking less from those who earned it. As for your sniveling complaint about the rich and Harper, the Parliamentary Budget officer pointed out that income inequality increased under the Liberals, and then stopped when Harper was elected and decreased every year thereafter due to his tax changes.

The budget was more or less balanced, until Trudeau got in and then started buying the votes of people who couln't care less about this country or their kids. They're called "the left". Blaming the budget deficit on Harper is just almost breathlessly stupid, and the kind of thing only a fanatic would even try.

I am a blind, raging liberal, breathlessly stupid, fanatic political hack.

I guess pointing out facts is not appreciated.

Pointing out facts is fine. Making up your facts is not.
If I ridicule Trump for making up his own facts why do you imagine I wouldn't do the same to you?

Hey Poon  I thought he meant  Indiana Jones.

Fitch issues warning over Canada's debt level.  It's exactly what I've been saying all along re: risk during the next recession + also considering the debt of the provinces, & seems to agree with Coyne in the OP:

https://ca.finance.yahoo.com/news/close-to-a-level-that-is-incompatible-with-aaa-status-fitch-warns-about-canadas-credit-rating-161850591.html

“Canada's gross general government debt, combining federal and provincial fiscal accounts, is higher than other 'AAA' rated sovereigns, excepting the U.S, and remains close to a level that is incompatible with 'AAA' status.”

“We continue to forecast the general government debt ratio to fall toward 85 per cent of GDP over the medium term.”

The credit rating agency says it is encouraged by efforts in the latest federal budget to reduce the debt burden.

“However, modest fiscal loosening and sustained deficits will increase the economy's exposure to a downturn,” said Fitch Ratings in a research note.

Fitch Ratings says it’s not sure Ottawa's plan to tighten the purse strings will work.

The credit rating agency isn’t sounding the alarm just yet, but there could be trouble ahead.

“While the budget is broadly in line with earlier trends, the preference for continued deficits and increased program spending over fiscal consolidation could increase the vulnerability of public finances to a faster economic slowdown or sudden shock,’ said Fitch Ratings.

It's pretty misleading though, as they have no problem with what Ottawa is doing.

Why do you say that?

It says things are ok now, the fed deficits on their own & in a bubble are modest, but the indefinite years of planned deficit spending with no real forecast to balance the budget combined with debt/deficit problems of some of the provinces exposes us to risk if a recession hits.  It says among AAA nations only the US has more general gov debt, and Canada is nearing a downgraded credit rating.

When a recession hits, government revenue will plummet, GDP will plummet, expenditures (stimulus, EI payments etc) will increase.  Debt to GDP will not remain what it is.

Why do you say that?

It says things are ok now, the fed deficits on their own & in a bubble are modest, but the indefinite years of planned deficit spending with no real forecast to balance the budget combined with debt/deficit problems of some of the provinces exposes us to risk if a recession hits.  It says among AAA nations only the US has more general gov debt, and Canada is nearing a downgraded credit rating.

When a recession hits, government revenue will plummet, GDP will plummet, expenditures (stimulus, EI payments etc) will increase.  Debt to GDP will not remain what it is.

It literally said they are encouraged by Ottawa’s efforts to keep deficits small.

The table in that tweet just shows federal debt to GDP. Factor in provincial and municipal debt it is closer to 90%.