Author Topic: Remember the $30B deficit? Well, it turns out that it's actually a $20B deficit.  (Read 2733 times)

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Offline SirJohn

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If we had surpluses to pay down the debt Conservatives would complain that the government is overtaxing just like they did under Chrétien.

I wouldn't. I never called for a tax cut. I was perfectly happy to see the debt being paid down.
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline cybercoma

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You may not have, but others did.

Offline JMT

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You may not have, but others did.

The Reform Party certainly did, the economic illiterates that they were.
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Offline JMT

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http://www.bnn.ca/canada-posts-17-8-billion-federal-deficit-in-2016-17-1.860399

So, it's actually an $18B deficit.  And oh look - the Liberals were right about being on a worse fiscal footing.  Revenues were actually lower than the year before by more than 0.5%.
« Last Edit: September 19, 2017, 10:49:21 am by JMT »

Offline poochy

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So over two years it's only 30 billion more than they promised they would borrow, and 50 billion total during a time when we aren't in recession and have no major reason to borrow, but hey, it does allow those libs to spread some cash around, though im sure it won't help them in any way.  Liberal voters are far to conscientious to be bought with borrowed money, that they lied about borrowing, that they complained the other guys borrowed to much of, during a recession, after they also demanded they borrow even more.  It would be funny if it wasn't so sad that so many seem willing to go along with whatever these liars do and call it good.

Offline Super Colin Blow

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So over two years it's only 30 billion more than they promised they would borrow, and 50 billion total during a time when we aren't in recession and have no major reason to borrow, but hey, it does allow those libs to spread some cash around, though im sure it won't help them in any way.  Liberal voters are far to conscientious to be bought with borrowed money, that they lied about borrowing, that they complained the other guys borrowed to much of, during a recession, after they also demanded they borrow even more.  It would be funny if it wasn't so sad that so many seem willing to go along with whatever these liars do and call it good.

I hate to bring in a country comparison here, but your last statement reminds me of my own country.  There seems to be this attitude down here "so-and-so is a bastard, but he's OUR bastard" and that goes for whoever is in the White House.  It seems to be a human trait to refuse to admit one is wrong.  Americans have the same problem, and it doesn't surprise me that Canadians would too.  Follow the leader, all for one and one for all, my party right or wrong.....etc.
WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH

Offline JMT

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With all the jobs being created and economic growth, I really want Harper back.

Offline SirJohn

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With all the jobs being created and economic growth, I really want Harper back.


On the business channel this morning the economist there was warning this is a trailing indicator, and that there are so many drags on the economy ahead that he expects a big slowdown in the next year, and that the dollar will fall a considerable distance.

And you have yet to show a single thing Trudeau has done which should let you give him credit for this.
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline Squidward von Squidderson

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With all the jobs being created and economic growth, I really want Harper back.


But he was such a “steady hand on the economy”.   ::)

Conservatives want it both ways of course...    only Conservatives can manage the economy and if it goes up under the Liberals, then it’s something else doing it. 



   

Offline kimmy

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What's driving this job growth?  Is it construction and housing?

That's great, of course, but I have a sense that it's a bubble built on Canadians' indebtedness, and Canadians are already among the world leaders in indebtedness. 

 -k
Paris - London - New York - Kim City

Offline SirJohn

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What's driving this job growth?  Is it construction and housing?

That's great, of course, but I have a sense that it's a bubble built on Canadians' indebtedness, and Canadians are already among the world leaders in indebtedness. 

 -k

Mostly it was a resurgence in world oil and commodity prices. But they're not likely to surge much higher any time soon. And housing is going to take a hit from the new taxes and new mortgage rules that come into effect end of this month. Carbon taxing starts next year, too, as do higher minimum wage salaries in various jurisdictions. We are not among the world leaders in debt, we ARE the world leaders in debt, and interest rates are expected to continue to rise next year.
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline SirJohn

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This is nonsense of course....   do you just make **** up to suit your narrative, or do you actually believe what you write?

https://en.m.wikipedia.org/wiki/List_of_countries_by_external_debt

I think that over the course of time I've been posting here and on that other site I've proven that everything I claim has a strong basis in fact and can be supported by citations. I don't get why you desperately indignant social justice warriors keep trying to claim otherwise. I guess the mere presence of someone who doesn't share your ideology infuriates you.

http://business.financialpost.com/personal-finance/debt/canadians-are-the-most-indebted-in-the-world-oecd-says-as-it-warns-on-rising-debt-risk

https://thetyee.ca/News/2017/07/27/Increase-in-Foreign-Workers-Still-a-Problem/
« Last Edit: December 03, 2017, 02:18:53 pm by SirJohn »
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline Squidward von Squidderson

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I think that over the course of time I've been posting here and on that other site I've proven that everything I claim has a strong basis in fact and can be supported by citations. I don't get why you desperately indignant social justice warriors keep trying to claim otherwise. I guess the mere presence of someone who doesn't share your ideology infuriates you.

http://business.financialpost.com/personal-finance/debt/canadians-are-the-most-indebted-in-the-world-oecd-says-as-it-warns-on-rising-debt-risk

https://thetyee.ca/News/2017/07/27/Increase-in-Foreign-Workers-Still-a-Problem/

Mea culpa....   I thought you meant government debt, which is what the thread is about.   My post is deleted.

Offline SirJohn

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Mea culpa....   I thought you meant government debt, which is what the thread is about.   My post is deleted.

Cybercoma made the same accusation on another thread earlier so I was more irritable than usual.
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum

Offline Squidward von Squidderson

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Cybercoma made the same accusation on another thread earlier so I was more irritable than usual.

Well, I did thrown an insult in there too ...        ;)