2018 Budget
Posted: Feb 27th, 2018, 2:50 pm
disappointed we can't balance the books. sad
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Re: 2018 Budget
Posted: Feb 27th, 2018, 2:54 pm
Neither can our neighbor but they seem to be doing ok. Which raises the question, if the most powerful/successful countries on the planet have runaway out of control national debt, does a balanced budget really matter?
Re: 2018 Budget
Posted: Feb 27th, 2018, 2:56 pm
Wondering what interest payments are on a debt of 651 billion, most likely a huge chunk out of the revenue being collected.
Re: 2018 Budget
Posted: Feb 27th, 2018, 3:00 pm
The NDP campaigned in 2015 on balancing the budget. The Conservatives campaigned in 2015 on balancing the budget. The Liberals campaigned on running deficits and growing the economy.
FAST FORWARD TO 2018:
Fastest-growing economy in G-7!
Lowest unemployment in decades!
Best tourism year EVER!
FAST FORWARD TO 2018:
Fastest-growing economy in G-7!
Lowest unemployment in decades!
Best tourism year EVER!
Re: 2018 Budget
Posted: Feb 27th, 2018, 3:36 pm
GordonH wrote:Wondering what interest payments are on a debt of 651 billion, most likely a huge chunk out of the revenue being collected.
No worries when they finish ripping the carbon tax money from us they will have lots of money
Re: 2018 Budget
Posted: Feb 27th, 2018, 3:36 pm
Andrew Coyne: The Liberals deliver a federal budget that has nothing to do with budgeting, or the economy
This is a budget that is much more about equality than it is growth. That, and pandering to every conceivable Liberal client group and policy cult
Once upon a time the federal budget was about the budget of the federal government. It was an annual opportunity for Parliament and the public to examine the federal government’s program of expenses and revenues for the coming fiscal year.
As time went on, it became more and more about economic growth, and the ways in which government is supposed to influence it. To the language of accounting, then, was added the language of economics.
All that is now in the past. With this installment the federal budget has reached the final stage of transformation. It is now about virtually everything else except spending or taxing or the economy. Economic analysis, in particular, is not only noticeably absent but in places explicitly abolished. What is more, it proposes to make this approach permanent.
Re: 2018 Budget
Posted: Feb 27th, 2018, 4:03 pm
gman313 wrote:disappointed we can't balance the books. sad
You must be a Liberal Supporter, anyone who thought for a moment that Trudeau could balance anything is somewhat foolish.
Re: 2018 Budget
Posted: Feb 27th, 2018, 4:08 pm
CapitalB wrote:Neither can our neighbor but they seem to be doing ok. Which raises the question, if the most powerful/successful countries on the planet have runaway out of control national debt, does a balanced budget really matter?
It shouldn't, when you have countries like the USA, just printing more money whenever they need it.
I mean they owe the Chinese so much money, I'm surprised it hasn't been renamed China West yet.
Re: 2018 Budget
Posted: Feb 27th, 2018, 4:22 pm
Old Techie wrote:It shouldn't, when you have countries like the USA, just printing more money whenever they need it.
I mean they owe the Chinese so much money, I'm surprised it hasn't been renamed China West yet.
Which I find extra funny considering that china finances most of their own debt through state owned banks and then kind of launders it out of existence over decades. As shady as it sounds it seems to be working out for them pretty well. Between their debt and the other countries debt they own they've managed to make some kind of debt economy.
Re: 2018 Budget
Posted: Feb 27th, 2018, 4:49 pm
Legalizing pot has probably been his secret weapon to dig them out of the deficit hole all along.
Re: 2018 Budget
Posted: Feb 27th, 2018, 4:51 pm
lensbaby wrote:Legalizing pot has probably been his secret weapon to dig them out of the deficit hole all along.
I can't wait for that to finally happen. Mostly just so I don't have to see the city and provincial reps whinging about how hard and expensive it is / is going to be to legalize. I'm pretty confident in my belief that piles of money will soon shut them right up.
Re: 2018 Budget
Posted: Feb 27th, 2018, 4:56 pm
CapitalB wrote: I can't wait for that to finally happen.
Once it gets past that group of Conservative Senate members practicing their mantra of "if it's broke don't fix it"
Re: 2018 Budget
Posted: Feb 27th, 2018, 4:58 pm
Ken7 wrote:gman313 wrote:disappointed we can't balance the books. sad
You must be a Liberal Supporter, anyone who thought for a moment that Trudeau could balance anything is somewhat foolish.
I'll bet he could balance a beach ball on his nose, he is a trained seal after all.
Re: 2018 Budget
Posted: Feb 27th, 2018, 7:53 pm
But is he a competent seal.
Re: 2018 Budget
Posted: Feb 27th, 2018, 7:57 pm
lensbaby wrote:Legalizing pot has probably been his secret weapon to dig them out of the deficit hole all along.
If you think that will work..not a chance!