Currently Popular Canadian PM To Introduce First Budget Which Will Be "Unsexy"

Increased deficit absolutely he has many promises to keep. I will reserve judgement until I know more about it later today. They were saying as high at 30 billion at one point. Still he is young, new and we have to give them a chance after what the tories did to us..
 
I concur Arachne. This is Canada after all, with it's own values and priorities. The long night of fascism is done. We shall see what magic the new prince brings. Lol.
 

I think one of the things that I am happiest about is the pledge to funding for First Nations, etc. I can only imagine how angry I'd be as a parent if I knew that on top of everything else, my kids got 2/3's the education that other kids were receiving. With everything being about credentials and certifications and so on these days, the First Nations kids have the decked stacked against them enormously. I never realized the enormity of their challenges until that year the Chief Theresa Spence had her rather strange hunger strike. Her doing that caused me to begin looking at the situation in more depth instead of just accepting the 'myths' that I'd grown up with about Indians. I developed the understanding that Canada is stronger and better if all our children have a future instead of just the 'off reserve' kids.

And I know, some folks are saying it's not enough, but hey, it's 'not enough' for lots of things, but the billions earmarked is better than what they were getting and it's a start. And who knows, maybe the magic will happen, they will become more 'able', the economy will strengthen, the 'green economy' will flourish and life will get good but we'll never know unless we give it a try. Just hunkering down and gritting our collective teeth wasn't making for a great deal of improvement. Life is a risk and sometimes I guess you just gotta go for the gusto!
 
A reckless spending budget with 3 times the promised deficit and the same next year. Our country will soon go begging Greece for a handout at this rate.

The middle class is the big time winner here with a huge cash infusion, I see lots of new iPhone sales coming up for the kiddies.

Not much for seniors, nothing for the military, or health, oh well, what can you expect from the Fiberals.
 
Redd said:
A reckless spending budget with 3 times the promised deficit and the same next year. Our country will soon go begging Greece for a handout at this rate.

The middle class is the big time winner here with a huge cash infusion, I see lots of new iPhone sales coming up for the kiddies.

Not much for seniors, nothing for the military, or health, oh well, what can you expect from the Fiberals.
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I don't think we'll turn into Greece. For one thing, Greece was being encouraged by circumstance and the big arms sellers to buy more weaponry than they could afford in order to defend themselves from the perceived threat of Turkey (enmity for decades). Germany was one of those arms seller nations and they'd loan them money to do those deals. Then when Greece fell into the abyss, Germany was the one who bailed them out I believe. (Wasn't that nice for Germanys bankers by the way?)Unfortunately I didn't save my links on this but I think that's part of the circumstances of that situation. So they got seriously overextended. But we aren't buying weapons as they were. I also don't think we have the same level of tax avoidance that they do/did in Greece nor the same low tax rates or the same levels of early retirement that the government was subsidizing.

As for the middle class folks and new iPhones for the kids...well my daughter and husband are at the very bottom limits of middle class, they live hand to mouth even though he works like a slave at his own fledgling business and subcontracting for a plumbing company and they have two kids, and frankly, they could do with a little winning for a change. So I'm glad that folks in their situation (and there are an awful lot of them) are benefitting. I guess too if you're a senior who was going to turn 65 this year or the next couple and you've just had it with working at a job you hate (or living lean because you left that job you hate a couple years ago and it's not easy), then being able to apply for OAS is a benefit. As to the military and health, well I'm betting there's already money being spent on those two items so for this time they don't get an increase, but it didn't mention cuts either did it? Maybe next budget will see a little more going their way.

It took ten years for the Conservatives to work their way through deficit after deficit even though they started out with a sizeable surplus that the Liberal Party left for them so really, it's early days to be judging the outcome of this current financial 'experiment'. Remember too that at one point the Conservatives had a deficit of $160 billion. And considering that the Conservatives didn't leave behind a surplus which they said would be $2.3 billion (compared to $13 billion?) but which in fact turned out to be less than they projected as I believe that some of those money's had already been earmarked and would be spent before the end of 2015, the Liberals started out with a bare cupboard pretty much.

http://www.cbc.ca/news/business/morneau-fiscal-update-1.3327571

http://www.theglobeandmail.com/opin...the-better-economic-managers/article23252879/

Besides, there's all the other little issues that the Conservatives got voted in for because they talked about transparency, integrity, not taking advantage of the public purse (as they accused the Liberal Party of doing and which got them booted in 2010) and instead we got Mike Duffy, Pamela Wallin, Patrick Brazea and Don Meredith, plus decisions being made behind closed doors of the PM's office, numerous omnibus bills that changed regulations without discussion, etc., the elimination of science in the arena of decision making concerning our environment, 'fudged' figures for the F35's......it's time that someone else got a kick at the can because 'times they are a changing' and hunkering down and hoping for continuation of the 'status quo' may benefit a few, but it's leaving behind a great many (maybe the majority) and the possibility of moving ahead in an ever changing world.

As for it being reckless, well, infrastructure needs help (look at Flint, Michigan's situation, the Montreal sewer system situation plus how many others), really rich people should start paying their share according to their ability, an environment that requires consideration and care, First Nations et al, who've been given short shrift for decades or generations.....we've reached a point (in my opinion) where expenditures have been put off as long as possible and now it's time for us to take care of what needs to be fixed.
 
Debby,I think I have a woman crush on you. Lmao just kidding.


There is some info I read on the 'deficit' and how we are able to cover it with out resourses because yes,we have resourses that we trade etc but I have to find it again.

Forget Greece,bad enough the economy ,now we have refugees to take care,there is no way they have anymore to spare other than hospitality and big hearts and that doest pay the expenses. :)
 
Debby while I agree with some of your post I cannot see where $90,000 earnings a year is middle class. Some senior couples live on a quarter of that.

You also have to keep in mind that Trudeau promised a deficit of 10 billion which he tripled and he will also have the same figure of roughly $29 billion for next year and drop it to $24 Billion the year after. Where is this money going to come from?

And the Trudeau team knew before the election day what the books were showing and still promised $10 Billion but delivered on $30.
 
I just read an article that discusses which group is generally more likely to start businesses, immigrants or natural born Canadians......and sadly (because it makes us look bad), it's the immigrants. Now considering that many of the refugees used to have businesses of some sort in Syria and by virtue of their determination to survive, it seems to me that these people will make up for the little bit that we have to do for them right now. And keep in mind too, that there is a requirement that they have to have language and jobs and accommodation sorted within one year so it's not like they are a burden indefinitely. http://www.huffingtonpost.ca/2016/0...ans-business-statistics-canada_n_9519690.html

And Redd, $90,000 would be considered approaching the upper limits of middle class I would think and if a senior is living on a quarter of that, they are not middle class. As for the deficits to come, well, the Conservatives ran up a deficit of $160,000,000,000 in their stint at the helm and they managed to get it down so why can't the Liberals? Keep in mind too, that they have a history of paying down deficits to leave rather nice surplus's and some of the folks that were in the party then, are in there now. I've also heard that one of their focus's will be getting some of that off shore, hidden cash that the ultra rich have ferreted away and which will go towards getting the deficit squared away. Then too, remember that any money they spend on building and rebuilding infrastructure will be going to companies and workers who in turn will pay their taxes which will go back into the government coffers. Likewise, the payday's that families with small kids will get as a result of the changes made in children credits (or whatever they're called) will be money that those families will be spending (more sales taxes, etc.). So it's not like the money will just disappear.

Prior to the election, didn't the Conservatives promise that there would be $3 billion plus surplus and when the Liberals finally got to actually go over the books, it turned out that much of that had already been 'spent' and by year end, the cupboard was pretty much bare? So that's not really leaving a surplus is it? Not if current bills are scheduled to be paid out of it. Personally, I don't have too much of an issue with having to increase the expenditures. It's not like it is going to some ad campaign for a program that doesn't exist, or that it's being spent on ads telling the country how wonderful they are, nor is it going to building fake lakes and gazebo's for the neighbourhood park of one of the MP's in the party. Which one of the groups who did benefit would you tell to go 'whistle'? Maybe the Alberta oil workers, "sorry, no help for you, just suffer and starve quietly without a job", or "First Nations kids, you're still going to be underfunded in your schools so forget the equal education" or the families who are struggling while rich guys get 'family allowance checks'?

I think that Canada has put off doing important things for a long time and maybe all things that don't directly impact you or me and which leaves the average citizen happy with the status quo BUT there comes a point when you have to do things that keep our country going and indeed have the potential to build us up and grow us as a country. How much talent for example is being lost because First Nations kids are left behind both in school and socially? I think it's too early to be sitting in judgement although that may come in a year or so after we've had a chance to see how the new ideas are developing. My fingers are crossed that it does work out and I think that any Conservative voter (like my mom) who is so filled with hate for Trudeau personally that they would actually hope he fails has to give their head a serious shake and ask themselves, "do you love your party so much that you would rather see failure here than to hope it works for the good of the country?" How much sense does that make? And think of this, if the Liberal plan works then we benefit in all kinds of ways. A healthier and growing economy and environment and a PM that is so cheerful and pleasant that 'everyone' likes him and by association, looks to Canada with a growing positivity? Networking at its finest wouldn't you say?
 
Redd said:
Debby while I agree with some of your post I cannot see where $90,000 earnings a year is middle class. Some senior couples live on a quarter of that.

You also have to keep in mind that Trudeau promised a deficit of 10 billion which he tripled and he will also have the same figure of roughly $29 billion for next year and drop it to $24 Billion the year after. Where is this money going to come from?

And the Trudeau team knew before the election day what the books were showing and still promised $10 Billion but delivered on $30.
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I understand your worry very much Red, because I've been one of the worst for worrying about every 'what if' that would occur to me. But I've frequently noticed later, sometimes much later, that the worrying was wasted energy and emotion, because life just carried on. As a result of that realization, I'm working very hard to not worry. I think it's not a bad idea to have an opinion, but please don't worry too much? It can be so bad for your health too.
 
Debby, I am certainly not a worrier and can't see anywhere in my posts where you would get that idea without knowing me.

So no answer to my question of where will the money come from to pay the staggering interest alone on these billions borrowed which are conservatively estimated at 118 billion by the end of his term.

Why worry, our grandchildren will pay for it.

And with that we can agree to disagree as I have no cheerleaders in my cheering section.
 
I'm sorry if I've offended you Red. Never my intention.

As for where the money will come from, well, the hope is that getting a new green economy started will help with that. I've heard numerous times that the oil industry is on its way out over the next fifty-plus years and I've heard that a green economy is actually a greater source of employment than the oil industry alone. As Canada seems to have currently committed to starting along the road to a healthier environment via green industries, those jobs would be a source of tax income.

We're also on the brink of legalizing marijuana and that will be a source of income that no longer goes to the criminal element in its entirety. Colorado's coffers have benefitted from their change and so will we. And of course, there will be taxes paid as rebuilding our infrastructure begins as well as the previously mentioned drive to get taxes out of the off-shore cheats who've gamed the system for decades.

We tried ten years with Harper and not only did he run up a $160 billion deficit, but he left the cupboards bare at the end, while he indulged in lousy planning and dismantling of any protections for our environment instead of seeking new and progressive methods of taking care of the country. There is a saying in business that to survive, you have to grow. Well apparently our 'economist' PM (and I use the term advisedly with Harper) didn't understand that and was content to hope only in an industry that was killing the very planet that we hope to leave our grandchildren. Our generation benefited wildly from not caring about those kids future with regards to the environment and now it's time to pay the 'climate' bill that we've run up for them.

As indicated previously, my mom actually said to me, as she was ranting about the very things that you've mentioned here, that she hopes Trudeau blows it. I'm hoping that she is only one in millions because as far as I can tell, that is probably the worst attitude possible if the goal and stated desire is a healthy economy. But you're right, we can agree to disagree and I'll hang on to my hope that this all works out according to their plan.
 
If it is any consolation here in the good old US of A.
The UK has a massive debt problem also.
What is the UK National Debt?

At Budget time in March 2016:
The UK National Debt is estimated to be £1.53 trillion.

http://www.ukpublicspending.co.uk/uk_national_debt_chart.html

Fall in tax receipts means George Osborne is likely to breach his own rule, that annual deficit should fall in each year of parliament.

http://www.theguardian.com/business...her-than-last-financial-year-ons-figures-show

It really does sound as if both American, and British children are going to be paying off the debts of useless past and present governments.:mad:
 

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