Well we thought 30 billion was bad wait till we see what else he has in mind
http://m.torontosun.com/2017/01/04/t...ury-us-in-debt
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Well we thought 30 billion was bad wait till we see what else he has in mind
http://m.torontosun.com/2017/01/04/t...ury-us-in-debt
Why is that bad news... 1 trillion dollars is nothing nowadays. We have to trust our government as they know what's best for us. The average Canadian should not get involved with government run issues.
We should work hard to make sure they get all the money they need to reach their goal. So no more complaining about user fees or increase taxes, let them do their job, lets stop getting in their way.
They work for us.
It's just money.
Let them run their protection racket as best they see fit. Its only money.
When we run out we will just beg for more. Ask the Greeks.
https://www.theguardian.com/business...-declared-over
We care about the environment but not the debt laden future of our children.
The majority voted for them so they are entitled to govern and fill the through as authorized by the electorate.
If the Liberal's stay in power, Canada is f***ed... plain and simple. The monthly interest payments alone are the third largest expense the gov't has and only a complete financial idiot would think that was good. It is just the financial ruin of Canada and the Libs tried sneaking it out and now a few are starting to talk about it!
https://www.oodmag.com/community/sho...sclose-reality!
In the link you can see the clear sabotage or delusional idiocy of the Liberal spending .... think taxes are high now ... wait until term 2 if PM zoolander gets it.
http://m.torontosun.com/2017/01/04/t...ury-us-in-debt
By 2045, the government now projects $1.5 trillion in federal debt.
Just two years ago, Canada was projected to have a $760 billion surplus that same year.
While I was a director with the Canadian Taxpayers Federation in Ontario, I wrote a book about my generation, and the unreasonable tax and spending burden we inherited from spendthrift politicians.
Called Generation Screwed, its message is even more important today.
We went from a PM that knew economics to Gerald Butts puppet PM Zoolander the drama teacher and the Liberals are selling the future for their current power and entitlements. Greece is a good anaology... "persistent unemployment at just under 24%,", I am thinking with Wynne and Butts running things we should see 10% to 12% by the 4th year of Zoolanders term.
Who should lend those fools money.
We have The gst to combat what sr did and the carbon tax to pay for jr. Please dear god don't let there be a third
The Libs have repeatedly talked about why the GST shouldn't have been lowered... I am expecting that to go up this or next year... or both
These people are not affected by economics. They will get obscene cash outs when they eventually lose an election and then will have bigger pensions than most earn as a salary. Why would they give a damn about who's paying their entitlements. We now work for the government, they don't work for us anymore.
Our biggest worry currently shouldn't be the irresponsible decisions of today, that expect future politicians to be responsible. But possibly should in fact be one Donald Trump. I know many here cheered his win, however he is likely going to do things that will make life here a lot harder, no matter who is in Ottawa, That it JT and a bunch of people that insist in living in world where dreams come true well that doesnt bode well, he will eat JT for breakfast.
Too funny, in the other thread I quoted something about high taxes and stagnant income growth killing the have nots. Well its it's looking at least right now we have spendaholics in Ottawa ( the piper will need to be paid), and Trump threatening protectionist policies (did we all see how fast Ford jumped when he threatened GM with punitive taxes for any GM products imported......)
Well that doesnt bode all that well for exports and growth.
And then theres Ms Wynne and all the "stuff" in Ontario, and Notley in Alberta. The engine and tires of Canada.
The state of Canada after Trump gets in .... the bro-mance is over.
https://i.ytimg.com/vi/VZxUKkr5kf8/hqdefault.jpg
What happens in Canada over the next four years will depend on what Trudeau's policies are, particularly in the energy sector, and very little on what Trump does in the US. A major divergence in the two countries post-Obama is that Trump plans to make the US more friendly to energy companies, while Trudeau continues to make Canada less energy company friendly. Look for foreign investment in energy to move from Canada to the US. But again, its not so much what Trump will do, its what Trudeau is alreaduy doing.
Pretty darn sure that Fratri was being sarcastic just like everyone else posting in this thread!
Every time someone starts to complain about the government (either federal or provincial), Highway to Hell by AC/DC starts to play in my head. Every time.
"Disagree" Werner.
This takes and entails some assumptions (best guesses), and "what ifs". H
You are correct in that the energy sector is likely the largest concern, likely followed by manufacturing. Basically Alberta and Ontario.
We already "know" what direction JT is heading in, we already know what Ms Wynne has done to Ontario and what she isn't doing. Basically the only growth industry in Ontario since 2004 has been PS. The world and businesses know as well ( and likely have a far better handle on it than us). See companies fleeing due to hydro, and being uncompetitive and if they aren't leaving, they refuse to invest any more (expand), ring of fire, Magna Intl..sooooooooooooooo many. There are also large parts of the US who likewise needs jobs/growth (he rust belt???) trying to woo many Canadian Companies as is.
What the world doesn't know is what Trump is going to do. He's a firebrand and loose Canon, but some somewhat safe assumptions can be made. Thus far all signs are pointing to protectionism. It's started with the automotive industry (huge and fairly "critical" for Ontario). There are indications steel http://www.theglobeandmail.com/repor...ticle21763022/ and I think safe to assume many others.
The damage they (Wynne, Motley, JT) can do while painful is somewhat limited.
We on Bay Street had a saying. "When the US sneezes, we catch a cold".
This in large part is due to trade imbalances, we import far more than we export, yet rely heavily on exports for economic growth (GDP and jobs)....
The world is not going to give two rabbit turds about the wee wanna be Canada,and prima donna Justin. They will however react to what the US does. They are simply too large. Japan? China, Mexico, India and others that rely on trade with the US?..........
Now factor in the Canadian Dollar?
If Canada starts bleeding, or hemorrhaging our buying power (which has been and is being kneecapped domestically....aka consumers seeing more and more disposable income going to taxes) is going to nose dive and the dollar tank. Historically thats always been somewhat good for our now non existent manufacturing sector........
Then we have Trumps somewhat scary "foreign policy" to worry about.
The world is already on edge this past 6-8 years.....
Too much more destabilization and who the bleep knows which way winds might blow.
And all the while we are up to our eyeballs in debt, unable to switch gears, do much............
What JT and Wynne do or don't do is as meaningful as a bug hitting the windshield on the world stage.
What Trump does or doesn't do...Will be/could be a Moose hitting the windshield.
I can't help but say Justin Timberlake when people use the abbreviation JT. He probably would do a better job. Lol.
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Proof we un-elected a capable leader and elected zoolander.
Trudeau’s 'unicorns and rainbows' budgeting comes back to bite him
http://www.torontosun.com/2017/01/07...ck-to-bite-him
A couple of days before the last federal election, Stephen Harper told me the economic plan that Justin Trudeau was pitching to the electorate was “all unicorns and rainbows."
While we never truly learn until decades later the long-term ramifications of economic decisions made today, a recent paper by the federal department of finance has shocked political watchers and given weight to the former prime minister’s comments from a year and a half ago.
The report says our debt is on track to hit a whopping $1 trillion within 15 years. It says the budget won’t be balanced until 2055. (Yup, you read that right.)
Trudough is a hipster trust fund baby and part time drama teacher. Harper is an economist who worked his way up from the Mail room to winning 3 elections as PM. I know who's advice I would listen to.
The incompetent, leading the unwilling to do the unnecessary sounds like his party platform.
Now JT is taking a victory tour. He will be meeting up with regular Canadians across Canada (coffee shops and church basements) so he remains connected to the average Canadian... ha....ha...
He is going to come back with a bigger ego than ever, his media reps will make sure the only average Canadians allowed are JT lovers.
He will not be attending the President-elect inauguration or going to the World Economic Forum (he is sending ministers from his cabinet) in order to do his cross country "meet and greet". He needs to do the job he was hired for. He can fix up his image on his own time. Rather than spending New Years Eve with a billionaire, maybe he should have met up with "the common people" at Timmy's on New Year's Eve.
The "middle class" look for a sale on butterballs at Xmas and are happy to have friends and relatives over at Xmas. Partying like kings on a billionaires Private island in the Bahamas isn't optically so great which is why the PMO tried to hide the fact. The idiots should have known as soon as they tried that the press would have attacked like dogs. Likely not the CBC but the non tax greased ones anyway. He still has a huge approval rate but is in a decline curve which is why they are back into full campaigning on the taxpayers dime. The libranos know they are in power because of Trudoughs image not his qualifications so they need to keep that image working for them. The Liberal party should be picking up the tab for this with the blood money they charge for influence peddling.
Justin getting ready ..... :-)
https://pbs.twimg.com/media/C1vui1vVEAAjTB5.jpg
Here a thought. For you programmers out there. Here's an if then statement that's logical. On the election ballot. If you vote liberal or dem another window opens that you can provide your account number directly for auto payment to directly go towards the costly programs that our new government are putting in.
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Coming THIS year??!!!??
PBO: 'Not unthinkable' that federal debt could hit $1 trillion this fiscal year
https://www.ctvnews.ca/politics/pbo-...year-1.4936622
Don’t forget the Provincial Depts too.
https://uploads.tapatalk-cdn.com/202...3e5703b15e.jpg
We have to do this when asked about are guns.
.... only the next generation.... maybe right to retirement... but I would say we are working on the grandkids future now!
https://nationalpost.com/opinion/joh..._autoplay=true
That’s if you think they can hold it at 1 trillion
We have to stop him doing daily announcements, once a week would save us a few millions.
.... the finance minister is a bast*** ...
https://www.facebook.com/ThePostMill...3981814087017/
if anyone is idiotic enough to believe in Liberal openness, accountability etc .... that there should put it to rest.... or they have mental damage!
I was thinking the other day of all the radio ads. Every commercial is a paid ad by the government of Ontario lol. They are not cheap to run the ads through the radio. Every time they mention it is lots going out the window all day long every station I get it so does everyone,we need to practice social distancing we get it lol.
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I think trump stopped his daily briefing weeks ago ,he had enough of the same shlt everyday.
Dont worries though justin has another 370 daily briefings until a vaccine [emoji2957]🥱
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Didn't know where to put this one.... Justlied in art..... the would the real Justin comment decided it....
https://mobile-img.lpcdn.ca/lpca/924...fe89184577.jpg
I don't know whether to be amused at such an art work OR completely disgusted by how the leader of Canada is portrait .... OR completely disgusted by the reality of the fake PM Canada has in Ottawa right now.... or all of the above.
This one was fitting...
https://scontent-ort2-2.xx.fbcdn.net...b8&oe=5EED0D34
20,000 projects and billions in spending...... Parliamentary Budget officer... no records on them...... WHAT!!!????
https://www.rebelnews.com/canada_los...is_underfunded
If you just shrug your shoulders enough, itll all be ok. No real surprises in that article, unfortunately.
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.... well there goes $900,000,000 ..... hopefully it does atleast a tiny bit of good....
Ottawa outsources student-grant program to a Toronto charity that works with Justin Trudeau’s wife
https://www.thestar.com/politics/fed...eaus-wife.html
No worries.......the budget will just balance itself!
Yeah don’t worry there’s enough BS being thrown under that liberal money tree we can afford anything fancy socks wants
Honestly, I cannot remember a time where so many mandates by a federal government failed, so many laws broken, so much money given away to other countries ... and still, the Liberals get away with it.
Then this
Is it his place to be able to give to this charity? Or should it of been seen and approved by other parties? Since he has close ties.
https://nationalpost.com/news/politi...ral-government
In a time when the entire country is in need
How low can he go lol.
Our tax shouldn't be going to a charity to help out his close friends and family. We give enough charity money out our taxes shouldn't be also handed over to his charity.
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This is “another” sole sourced liberal contract to this organization that obviously has scammed and latched onto the Trudough family. Initiatives of this size should be debated in Parliament. I find hard to believe this government can manage hundreds of billions in other stimulus files but these 2 con artist brothers who run a charity have the better staff and resources than our ministry of finance do? This is ADSCAM 2.0 in your face. Trudough is in a world of his own now. Doesn’t answer to anybody, even in a minority government.
... and the payoffs keep going.. $300,000 to his mother for speaking... reminds me of Justlied .... taking from charities... the Trudeau way to go!
https://nationalpost.com/news/politi...brother-report
Then there is Morneau and so many others involvement with WE......
“A people that elect corrupt politicians, imposters, thieves and traitors are not victims... but accomplices” - George Orwell
Under 3rd ethics investigation, guilty of 5 ethics violations, can't answer even yes or no questions in the House of Commons. treatment of Admiral Norman etc. and got his party got less votes than the opposition.... #FakePM that a cardboard cut out would be better.
https://www.youtube.com/watch?v=2DI9UVbvxAc
And are Canadian media has switched to Trump issues hmm
.... yep... the fact the Federal (LIbEral gov't) paid WE $1,800,000 for an event... that Trudeau's mom spoke at coincidentally, and the private company MetoWe that is paid by ME (a relationship that even on an interview on CBC radio the charity reviewer called complicated and convoluted, especially in the light of the private company part. Now we see more about WE.... 5 years adding millions in real estate to the books?????.... few will pay attention to unethical behaviour in Canada by the Libs it seems!!
https://torontosun.com/opinion/colum...43-7-m-in-2018
The those alive and their kids and grand kids are so f***** ......
https://thepostmillennial.com/trudea...-1-45-trillion
$1,450,000,000,000 to 38,000,000 people or $38,157 PER PERSON.... almost catching up to the average annual income.... what next, we know Carbon tax will go up and up, GST increase to "punish the wealthy" (reality: anyone that can still afford to buy anything!)?
The arsehole and his team of merry men are just announcing another cash give-away of several billion$$$
250 million in cerb to the North.
Many of them or most just pi$$ed it away.
This pandemic and free handout has fueled the epidemic we had. We have now turned the epidemic in a pandemic of its own. Never mind the virus.
This is for the north.
https://www.cbc.ca/player/play/1811283011769
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Saw that on the news...surprised it was on the CBC quite frankly :)
$Millions and $millions adding up to $Billions and $Billions of our money, taxpayers money, given away in a knee jerk decisions by the government to sent out $2K a month to anyone who asked for it. And you can bet when the CRA tries to recover overpayments and taxes on the CERB money the same government will 'forgive' those debts.
Well you give a feen the money with out questions they will just use to fuel their habit. No questions asked lol.
The probability of getting the money back will be slim to none from alot of them. When they had nothing to begin with,what can they get back? . That money is long gone up in smoke , drank away or up the nostrils she went lol.
The drug dealers made a small fortune from it . [emoji107]
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Yup Lefties are really looking out for the next generation saddling them with massive debt, at some point taxes will need to rise in the neighbourhood of 25 - 40%. Something for those who voted for Trudeau to be proud of.
the other damaging thing CERB is doing is inflating the cost for business owners to run their business - for example I know a successful businessman who employs 50+ people and hes having a hard time keeping people at work - alot of ppl want to stay home, and the ones he tries to recruit that would normally work for say $18 / hr now want $25+ per hour - why work for any less when Commrade Justin gives me 2k to stay home and play...
There are still calls to shut down everything including food processing plants. I don't think people actually know where and how food gets to the store and where it originates.
Most people seem to think food is just there in the store. In reality there is a 5 day supply of food in the city. Shut everything down and everyone starves
The question is, what happens when the country can't make the payment on the loan?
They are deliberately torpedoing small businesses, and it seems like deliberately hemorraging money.
When you cant make the payment on your house, the bank takes it away. When you cant make the payment on your country... does the bank "own" it?
Trudeau has essentially doubled the Canadian Debt during 5 years in power. He said he wanted to make a brighter future for the next generation.
So I guess leaving them a massive Liberal mess to clean up is his way of doing it.
Liberals on here are probably proud that they have ruined their children or grandchildren futures.
https://www.debtclock.ca/
Maintaining Canada’s low debt advantage
Entering into the crisis, Canada had the lowest net debt-to-GDP (gross domestic product) ratio among the Group of Seven (G7) countries, reflecting significant holdings of financial assets. Due to temporary COVID-19 related spending, the federal debt-to-GDP ratio is expected to rise from 31 per cent in 2019-20 to 49 per cent in 2020-21. Even with this adjustment, Canada is expected to maintain its low-debt advantage.
The debt
https://youtu.be/rzeBobEKj3U
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How is it the government going to fund services. I guess people will be upset when they can’t get the healthcare they need.
Let that sink in.
The interest on that will be horrendous and the number there probably reflects the fact that Justlied et al haven't put out a budget to show the full disaster for this and the next 3 generations that they have screwed. Highest unemployment, worst economy etc.... no budget, lies and billions spent and they can't track half of it and the infrastructure bank in 3 years and $35,000,000,000 apparently hasn't finished a project... probably lots of expense reports finished though!
https://www.huffingtonpost.ca/entry/...b6333e6762cd99
Butts was in on Ontario's fiscal catastrophe and now Canada's .... hope they try him for treason someday.
mosquito,
The Prime Minister meet yesterday with the Provincial leaders and they all needed more money for the Covid problem's. He is going to give them that money, what would you have him do ? Sure we have a big debt but so does all the other G7 countries, we are ALL IN THIS TOGETHER its basically like a war,support each other,encourage each other.
When Justin Trudeau has to be judged at the next election the chips will fall where they will fall.
The opposition parties need to offer REAL alternatives for Canadians not attack ad's.
GW
Our closest neighbour has a debt load worse than our,s with a population ten times our population.I would not over worry about this,we are a yonge country with vast resources and potential.
It's actually worse than California's.
https://www.fraserinstitute.org/arti...os-really-debt
Well I have about 225,000km on this old tank, not unusual for the Vortec 4.3lt to go in excess over 500,000. My transmission
guy say's the tranny's are strong and pretty basic to repair. I mostly have the seats removed and basically use it as a covered pick up truck, can't imagine a handier vehicle for my use's.
I gotta strip off the running board's which are falling apart and take about 5 inches of the clearance which I need, mine is an
AWD and has never got stuck in the snow with snow tires on.
I will never understand why GM would discontinue a great model,which has good towing capacity and a truck frame and was a
go to vehicle for many tradesmen as it fit into low underground parking lots.
Crazy a** Freeland wants to unlock and use your savings.... working hard on the reset it seems!
https://www.facebook.com/PierrePoili...57910239072379
Some Canadians are saving too much and they want to use it .... spend, spend and never a thought but spend!
What next from these slimy ******* censored****** lying *********CENSORED ********** incompetent ****MORE CENSORED***** LIEbrals!
I think all Liberal supporters should be forced to give up 75% of their income or retirement checks to support recovery. I am 150% positive our Liberals on here will agree after all it is good for the country.
Considering I probably pay a lot more out on taxes than you and many others I will be asking for a rebate from you. Ordinary folks don't get to write of their business expenses or take part in the underground economy. Maybe we will ask our pension funds to invest outside Canada you might end up with no job at all.
Gilly you shouldn't be asking for a rebate on your taxes as you seem to be a proud libturd supporter. I think you more than anyone would be proud of Pm jackass and his profligate spending.
India's coverage of our "spending without accountability" and increase debt ceiling to $1.4B
https://www.facebook.com/WIONews/videos/697638577553631
The debt is the debt. Has much of the spending been justified? Yes .
Are the results showing?
No
Catching up on this thread has been “interesting”.
Questions:
1) how are we going to “compete” with the US? Answer: We arent, we’re screwed royally now. Our only hope might be, that Biden makes JT look like the grinch.
2)
Why is it, despite everything the Liberal elites in the electorate ( who tend to be well paid) aren’t doing their part? I thought we’re all this together?
3) why hasn’t there been rather large wage cuts within public service? I do mean large and I do mean wide spread. Municipal, Provincial, Federal. Sure some are working harder than ever, but........and at the end of the day, isn’t it all about a noble calling? Apparently not. And aren’t we all in this together?
3)
Yep, how the bleep is this going to chipped away at? Obviously we’re going to have to be responsible adults and pass the buck onto anyone and everyone but ourselves. And let the “budget balance itself”
Aka wait 50 years for the natural business cycle, natural growth in population and GDP to catch up..............
Housing in the GTA?
Who knows. At a guess over the next 2-5 years the demand will explode. Perhaps more than it already has the past 10 years.
Prior to 2020 there were large and worrisome problems as an older population headed into their golden years with nowhere near enough. Don’t know about anyone else but I’m guessing those numbers have likewise just exploded.
I’m guessing, the need for more social services. Whether LTCs, or social assistance or A to Z will be right behind them...........
Immigration?
We need it. Always have.
However I wonder. Given job concerns, housing concerns, might we see a bunch of Canadians follow a bunch of companies looking for greener pastures? Move to the US where the economy is growing?
We on the top of the list
woohoo [emoji23][emoji23]
First is the worst right ? [emoji13][emoji1787][emoji1787]
https://www.visualcapitalist.com/deb...-around-world/
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Liberals are very proud of trying to bankrupt Canada. I imagine Fishermcan is jumping for joy. Anyone who would be proud of this obliviously want's to ruin Canada.
JB . A lot of those companies are going to ‘ right to work ‘ states. Where they have the right to work full time and live in poverty. Those same states have the worst education and health stats in the nation. Coincidence?
The damage isn't even able to be calculated yet, as one writer on the deficit wrote.
Just as Canadian households have to deal with the reality of interest payments on debt-financed consumption, so do governments. Ultimately, however, it is taxpayers who pay when governments borrow. The burden of debt servicing costs is a painful reminder to us all that there are no free lunches with government debt.
Like father like son..
“A people that elect corrupt politicians, imposters, thieves and traitors are not victims... but accomplices” - George Orwell
I hope your son learns what you haven't someday....
Nope, you said you voted for Drama kid and you knew very well he would want to do everything in his power to ruin Canada.
Most of the next generation will not do very well because of Trudeau the ones that do will either have received financial gifts like inheritance from family or lucked out. My kid's will do nicely and I have told them to give the finger to anyone who voted Trudeau.
Our kids have been in the Liberal camp until a couple of years ago when they noticed their income staying the same,their taxes quietly going up,their user fees going up farther and since they've been working from home,listening to more and more propaganda on radio and TV. Now,they're not rocket scientists by any stretch (well,all except one) and their noticing subtle changes more and more in their cost of living. They're not happy campers and are looking for change............all of them.
Everyone wants change from what is happening to our buying power. I don’t think that there is enough voters in Canada that think Tool , is up to the job.
And if you look at a map of the US with "right to work" States, it looks a hell of a lot like the electoral maps. Where its rich and well off liberals/democrats in big cities vs the peons. Where people like you talk good games but continually throw them under the bus. Where people like you who really have no appreciation for what the real world is like, and just how privelaged and insulated you are, thanks to them...............And where they are now throwing in with the likes of Trump........
Coincidence?
We all know the history of Unions here.
Who could give 2 craps about the people they claim to champion. Who despite wide spread carnage of 2008, did nothing. Who despite oh so much, continually put themselves before anyone and anything thing else, and still do!. Continually backed McGuinty and Wynne, despite oh so much. A 2 second google search will find some of them bellyaching about classroom sizes, or the utter disgrace of lTCs.....Not willing to look in the mirror, admit its their own damn fault. Quite the opposite is what we see....
And If they did, care one iota about anyone else, they would be out on the streets today, showing their "solidarity" for the commoner, and more.......
Proof is in the pudding.
And with respect to soooooooooooooooooooooooooooo many companies fleeing Canada since somewhere around 2005. What was it you/they used to cry about back before then? Brain drain.
But now that the very people that pay your bills, and employ hundreds and hundreds of thousands are doing no different. Because of things like taxation......
/crickets and or...those damn greedy companies, how dare they leave for greener pastures.