Liberal Budget - $18.5 BILLION deficit projected

First off let me state that I dislike the liberals as much as anyone. Actually I dislike all of the big 3 parties but my dislike for the liberals is greater than it is for the other two (NDP are a close second in the dislike department). That being said if we examine historical fact the top 5 annual deficits ever run by a Canadian government adjusted for inflation to today's dollars are as follows:

1. 1984-1985 - Brian Mulroney - $77.88 Billion
2. 1983-1984 - Trudeau Sr. - $71.53 Billion
3. 1985-1986 - Brian Mulroney - $67.24 Billion
4. 2009-2010 - Stephen Harper - $61.27 Billion
5. 1986-1987 - Brian Mulroney - $57.56 Billion

Take it for it's worth but 4 of the 5 worst deficits in our history were brought down by Conservatives.

Hello austerity measures in 10 years.

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Originally Posted by Species8472

First off let me state that I dislike the liberals as much as anyone. Actually I dislike all of the big 3 parties but my dislike for the liberals is greater than it is for the other two (NDP are a close second in the dislike department). That being said if we examine historical fact the top 5 annual deficits ever run by a Canadian government adjusted for inflation to today's dollars are as follows:

1. 1984-1985 - Brian Mulroney - $77.88 Billion
2. 1983-1984 - Trudeau Sr. - $71.53 Billion
3. 1985-1986 - Brian Mulroney - $67.24 Billion
4. 2009-2010 - Stephen Harper - $61.27 Billion
5. 1986-1987 - Brian Mulroney - $57.56 Billion

Take it for it's worth but 4 of the 5 worst deficits in our history were brought down by Conservatives.

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Not sure where those numbers come from, I have used these before, using the RBC numbers and the Bank of Canada inflation calculator.
http://www.rbc.com/economics/economi...rov_fiscal.pdf
http://www.bankofcanada.ca/rates/rel...on-calculator/

Pierre 1984 - $37,167 Million - $79,073 million today
Pierre 1983 - $32,363 Million - $72,630 Million today
Brian Mulroney 1985 - $33,898 Million - $69,663 today - of course the first year he got it from the Trudeau.
Pierre 1981 - $15,674. Million - $42,376 Million today

Let's not forget that Libs demanded Harper run double the deficit he did during the Global recession and tried to overthrow the government with a coalition just weeks after an election. It's easy to promise poneys in elections but not so much when you are in charge. In the end they either lied about the deficits they were planning on running or are completely incompetent in not knowing what the gloabal economy was in the middle of. I'm sure they are shocked the budget didn't balance itself?

I think both Liars AND incompetent !!!! And I don't for one second believe it will only be a 38billion deficit ! Sunny ways my arse !

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Originally Posted by mosquito

Not sure where those numbers come from, I have used these before, using the RBC numbers and the Bank of Canada inflation calculator

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Statistics Canada and the Bank of Canada inflation calculator. Also should add they are inflation adjusted to 2015 not 2016

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Originally Posted by mosquito

Not sure where those numbers come from, I have used these before, using the RBC numbers and the Bank of Canada inflation calculator.
http://www.rbc.com/economics/economi...rov_fiscal.pdf
http://www.bankofcanada.ca/rates/rel...on-calculator/

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Re ran the numbers corrected to 2016 instead of 2015 and based on those sources and this is what comes up:

Year	PM		Deficit		BCIC	Adjusted
			Billions		Factor		Rank
82	Trudeau		15.674		2.43	38.08782
83	Trudeau		29.049		2.24	65.06976	4
84	Trudeau		32.363		2.13	68.93319	2
85	Mulroney		37.167		2.06	76.56402	1
86	Mulroney		33.389		1.97	65.77633	3
87	Mulroney		29.842		1.89	56.40138
88	Mulroney		29.017		1.82	52.81094
89	Mulroney		27.947		1.74	48.62778
90	Mulroney		29.143		1.65	48.08595
91	Mulroney		33.899		1.55	52.54345
92	Mulroney		32.319		1.52	49.12488
93	Mulroney		39.019		1.49	58.13831
94	Chretien		38.53		1.47	56.6391
95	Chretien		36.632		1.46	53.48272
96	Chretien		30.006		1.44	43.20864
97	Chretien		8.719		1.41	12.29379
9	Harper		5.755		1.12	6.4456
10	Harper		55.598		1.1	61.1578	5
11	Harper		33.372		1.08	36.04176
12	Harper		26.279		1.05	27.59295
13	Harper		18.929		1.05	19.87545
14	Harper		5.2		1.03	5.356
http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/prov_fiscal.pdf
http://www.bankofcanada.ca/rates/related/inflation-calculator/

This is a little different from my first post and shows 3 of 5 to the Conservatives. Point is both parties have done the deficit thing fairly well and to say one is better than the other is certainly debatable.

When you sort it except for the year with the bailouts a real noticable trend comes up.

2011	Harper		33.372		1.08	36.04176
2012	Harper		26.279		1.05	27.59295
2013	Harper		18.929		1.05	19.87545
1997	Chretien		8.719		1.41	12.29379
2009	Harper		5.755		1.12	6.4456
2014	Harper		5.2		1.03	5.356

And they voted Harper out....anyway, it is funny to hear the Liberal lies about "a modest deficit" (now est. at $18B+ infrastructure etc. or over $30B)....

https://www.facebook.com/CBCPolitics...3345405360959/

I thought a surplus was posted in 2014??

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Originally Posted by MarkB

I thought a surplus was posted in 2014??

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Fiscal year ending March 31, 2014 had a deficit of 5.2 billion. Fiscal year ending March 31, 2015 had a surplus and would have included 9 months of 2014. The year column in the table I posted represents whatever year it was at the end of the fiscal year.