Author Topic: Your opinion of the 2019 election!  (Read 10699 times)

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Offline Squidward von Squidderson

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Re: Your opinion of the 2019 election!
« Reply #465 on: November 08, 2019, 03:54:17 pm »
NFLD is prime example of how they are treated differently.

Even though both are considered "have" provinces and get the same per capita transfer as all the "have" provinces,  in 2017 Albertans sent just under 12k per capita to Ottawa and received 6K of federal expenditures in return. Newfoundlanders sent 9K to Ottawa and received just under 12 K in return.

Because Albertans make more money, are younger, etc.   What an idiotic argument you keep going back to.  It has been debunked over and over...   now you're just being an idiot.   ::)
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Offline Omni

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Re: Your opinion of the 2019 election!
« Reply #466 on: November 08, 2019, 04:01:42 pm »
Because Albertans make more money, are younger, etc.   What an idiotic argument you keep going back to.  It has been debunked over and over...   now you're just being an idiot.   ::)

And as has been pointed out, a lot of Nflander's and other east coasters went west to work in the tar sands, made good money, paid a lot of provincial tax, and then retired back to the island and as older people put more of a strain on provincial healthcare.

Offline wilber

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Re: Your opinion of the 2019 election!
« Reply #467 on: November 08, 2019, 04:10:57 pm »
Because Albertans make more money, are younger, etc.   What an idiotic argument you keep going back to.  It has been debunked over and over...   now you're just being an idiot.   ::)

Yes they do and that determines equalization, it doesn’t control federal spending. No doubt Nfld needs the money but comparing the two is a prime example of how the federal government can shovel money into the provinces of its choice outside of the equalization formula.
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Offline JMT

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Re: Your opinion of the 2019 election!
« Reply #468 on: November 08, 2019, 04:26:12 pm »
Also, the current equalization formula is set in stone till 2024 so will Alberta, Sask. and Nfld have to keep ponying up the same amount for the next four years, no matter how badly their economies are bleeding? Will the receiving provinces get less? Or will BC and Ont. have to pick up the slack and pay more?

That's not how the formula works.

Offline wilber

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Re: Your opinion of the 2019 election!
« Reply #469 on: November 08, 2019, 04:52:22 pm »
That's not how the formula works.

So the have nots will be getting less and some of them will become haves.
« Last Edit: November 08, 2019, 04:55:21 pm by wilber »
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Offline queenmandy85

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Re: Your opinion of the 2019 election!
« Reply #470 on: November 09, 2019, 12:52:12 pm »
Just for fun, I will comment on the topic. I believe the result was unfortunate. We need a government with enough of a mandate (a majority) to make critical and difficult decisions to respond effectively to the threat of climate change.
I do not believe I am alone in posting my opinions to appear to be intelligent. The truth is, nobody really cares what any of us says and none of us will change our minds based on what our fellow correspondents on this forum say. But it is entertaining and in the end, isn't that what is really important?
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Offline Omni

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Re: Your opinion of the 2019 election!
« Reply #471 on: November 09, 2019, 01:19:34 pm »
Just for fun, I will comment on the topic. I believe the result was unfortunate. We need a government with enough of a mandate (a majority) to make critical and difficult decisions to respond effectively to the threat of climate change.
I do not believe I am alone in posting my opinions to appear to be intelligent. The truth is, nobody really cares what any of us says and none of us will change our minds based on what our fellow correspondents on this forum say. But it is entertaining and in the end, isn't that what is really important?

I think history shows that minority governments here in Canada (we've had 7 over the past 60 years) have been quite effective. The main reason being  that have to step away from the partisanship  a little and make concessions with other parties lest the government be brought down. Looking at the current situation it's hard to imagine Trudeau and Scheer seeing eye to eye on much but the NDP carry enough weight to get things done and they seem to talk the same talk on various issues including your issue of climate change. Let's hope they can work together and not have us heading back to the ballot box any time soon. I have other things to do, just for fun. :)     
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Offline wilber

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« Last Edit: November 14, 2019, 02:46:21 pm by wilber »
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Offline JMT

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Re: Your opinion of the 2019 election!
« Reply #473 on: November 14, 2019, 04:28:05 pm »
Deficits doubling,  GDP growth almost stagnant.

https://www.bnnbloomberg.ca/trudeau-s-deficits-likely-to-grow-on-weakening-fiscal-outlook-1.1348113

So much for the debt to GDP BS.

https://www.bnnbloomberg.ca/expect-bigger-deficits-and-energy-unease-under-a-trudeau-minority-1.1335411

Debt to GDP is the standard measure used by the IMF.  It isn’t BS.  It also doesn’t say that the deficit may double.

Offline wilber

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Re: Your opinion of the 2019 election!
« Reply #474 on: November 14, 2019, 04:34:33 pm »
Debt to GDP is the standard measure used by the IMF.  It isn’t BS.  It also doesn’t say that the deficit may double.

It is when GDP is stalled and you are doubling your deficits. But hey, let’s borrow more, your grandkids won’t mind paying the interest even if rates triple in future.
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Offline JMT

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Re: Your opinion of the 2019 election!
« Reply #475 on: November 14, 2019, 05:00:34 pm »
It is when GDP is stalled and you are doubling your deficits. But hey, let’s borrow more, your grandkids won’t mind paying the interest even if rates triple in future.

GDP isn’t stalled.

Offline wilber

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Re: Your opinion of the 2019 election!
« Reply #476 on: November 14, 2019, 06:02:40 pm »
GDP isn’t stalled.

It's going down and not far from a recession.
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Offline JMT

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Re: Your opinion of the 2019 election!
« Reply #477 on: November 14, 2019, 06:55:31 pm »
It's going down and not far from a recession.

It’s not like it’s going to stay that way.  Overall the federal government is in great economic health.

Offline wilber

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Re: Your opinion of the 2019 election!
« Reply #478 on: November 14, 2019, 07:15:04 pm »
It’s not like it’s going to stay that way.  Overall the federal government is in great economic health.

Nothing ever remains the same. In the late seventies I bought a home with a 9% mortgage. Fiver years later I renewed at 18% and thought I got a deal because they hit 20% a few weeks later.

The next time a Millennial or Gen X'er  starts going on about Boomers driving up the debt I'm going to tell them to stick it in their ear. They are just as bad, if not worse.
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Offline Michael Hardner

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Re: Your opinion of the 2019 election!
« Reply #479 on: November 14, 2019, 07:22:00 pm »
It’s not like it’s going to stay that way.  Overall the federal government is in great economic health.

I don't disagree but I think the world is in big trouble... everyone has taken on debt betting on growth continuing and the ones who hold the debt are in bed with the ones who are in debt.

It feels very tenuous.