Liberal Budget - $18.5 BILLION deficit projected

[Oddmott]

http://www.ctvnews.ca/mobile/busines...year-1.2787312

So... They're sinking even faster than we expected. $8.5 billion greater deficit than they campaigned on... And the dollar keeps tanking, so we can expect the year-1 deficit to end up much closer to $25 billion.

Oh yeah, and the real jaw dropper is that now they're saying this deficit doesn't even include the stimulus spending, because they'll consider that as "an investment".

So... What exactly is this $18-$25 billion getting spent on? Who the hell knows.

[JBen]

Sunny ways.

[mosquito]

Just remember.... that is projected BEFORE the additional infrastructure spending according to what I was listening to on BNN... Oleary said it would be $30B+


"The $18.4-billion figure does not include the planned infrastructure and stimulus spending."

[rick_iles]

Not surprised at all......it's the LIEBERAL. way !!!!

[Dythbringer]

So last week there were a couple of comments by cabinet ministers that some of the numbers in the Liberal platform book were "placeholders":

http://news.nationalpost.com/full-co...under-pressure

It is looking more and more that the entire bunch of numbers were placeholders and the entire platform might be a "stretch goal" (hopefully someone gets that reference). I can't say I am surprised though.

[DGM999]

Did we really expect any less from them?

[Bluebulldog]

Lord. 5 months in and we're already 18.5 billion in debt as a nation.....

Lots of it wasn't even spent within our borders.

[Oddmott]

Did we really expect any less from them?

Yeah, I did. And I didn't think my expectations were high or anything.

I just didn't think they'd screw up so much, so big, so fast.

Currently they're on track to mismanage in 6 months what I expected to take them 2 yrs.

[Bushmoose]

The numbers simply do not mean anything to the idiots that voted the libtards in. They're incapable of understanding what "deficit" means and how it will affect the country and the economy.
I recently had a conversation with a buddy's wife about our illustrious PM and his entourage. (She brought the subject up) She was gloating about the libtards gaining a majority, although I firmly believe she doesn't understand what a majority is or how it was accomplished? Never the less, she proceeded to use examples of why the libtards are so good for us. It got real interesting when she started to slam Wynne and the policy's of the provincial gov't that are dragging us down. I had to explain that Wynne and Turdough are basically one and the same, except one is federal and the other is provincial? (I'm having a few DUHH moments by this time) Her final response was "I don't care, I like him". She couldn't explain why she liked him, but she apparently likes him?
I should add that this woman teaches a grade 3 class at a local primary school. Very frustrating to know this is the type of mentality that voted the libtards in.

[MarkB]

I repeat I didn't vote for the Liberal government. I think our provincial government has and is already doing enough damage.
They are $18 billion in the hole and we have no stimulus spending for it?? Remember, that doesn't mean they spent $18 billion,
they spent A LOT more than that. What they have spent includes the tax funding. $18 billion is only the part that taxes can't cover.

I just want to cash out and leave. But then again, every country in this world is soooo corrupt, inefficient and inept, where would I
go to.

This is ridiculous.

I would support Kevin O'Leary all the way. He should really think about running.