The Budget...will history repeat itself ?

[MikePal]

Big Day for the Liberals...Chrystia even bought new stilettos for the occasion

As Pierre Poilievre pointed out:

Today Trudeau will lock in permanently high deficits paid with printed $.
Back to the future. When his dad did this in early 80s:
-Inflation: 12%
-Unemployment: 12% (record)
-Interest rates: 18% (record)
-Suicide rate: 14.8/100,000 (record)
-650,000 more people in poverty.

I remember those days with high interest rates....that should quell any 'economic recovery' coming out of the pandemic HaHa.

[js4fn]

Yup bought my first 50 acres 1978 14 .7/8% I had nothing
1981 bought 160acres. 24% open mortgage
I wasn’t very bright didn’t stop there
120 in 1990
78 in 92

Interest I know all about interest
Then when my back gave out and I sold oh yeah capital gains

[greatwhite]

Yup PET was the father of Debt and Drama boy wants to follow in his foot steps.

[MikePal]

Yup PET was the father of Debt and Drama boy wants to follow in his foot steps.

Yea spending $100 Billion on trying to win votes when you're $400 Billion in debt is Liberal Economics 101

[mosquito]

Yea spending $100 Billion on trying to win votes when you're $400 Billion in debt is Liberal Economics 101

Yep, but sadly for Canada's future you can't fix budgets even with magic and lies. They require actual thinking and that is lacking.


It will be higher than that anyway, can't trust a Liberal based on their past budgets and promises.... they only missed by $100,000,000,000 on this promise (before COVID started).

[js4fn]

Trudeau promises $40K interest-free loans to make homes energy efficient and safer from severe weather think that include that ultra gun safe tornado shelter
I’m in

[greatwhite]

I paid for my stuff on my own no government help. New Heat pump system last year, new windows and more to go. I'm not taking out any loans, I pay as I go.

Trudeau promises $40K interest-free loans to make homes energy efficient and safer from severe weather think that include that ultra gun safe tornado shelter
I’m in

[js4fn]

I paid for my stuff on my own no government help. New Heat pump system last year, new windows and more to go. I'm not taking out any loans, I pay as I go.

Don’t be silly work the gray line buddy.

[mosquito]

Trudeau promises $40K interest-free loans to make homes energy efficient and safer from severe weather think that include that ultra gun safe tornado shelter
I’m in

:-)






Too bad it isn't a grant..... make sure there is a good food/water storage and discrete heating incase it is winter when the deck of cards collapses. When you look at a decade down the road, the debt they created... it is over $10K per person, ADDED, so each person's share of the gov't debt is likely close to $35K or $40K with this budget.... #WORSTPMEVER

[MikePal]

Have to give it to the Liberals...they packed as many goodies as they could into a budget to give freebies to almost every left leaning teat feeder in the country.

The opposition will not be able to fight this budget without alienating voters they need. Touche..

So we will never see a balanced budget again and a debt that will be 50% of GDP for the foreseeable future.

Let's hope that when the housing bubble burst (and it will) people have enough savings to get them thru soaring interest rates.