And why are we building debt if this money is lying around?
The Progressive Economics Forum » What Happened to the $54 Billion EI Surplus?
The Progressive Economics Forum » What Happened to the $54 Billion EI Surplus?
What happened to the $54 billion surplus
- Thread starter #juan
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The EI surplus exists only on paper. EI does not have its own bank account, it is all done through general revenue. Cretin and company were using this overpayment(tax) to use for debt reduction. Just more flawed liberal sleight of hand financing mostly on the belief that either employment would remain high forever and the debt would be payed off or they would be out of power when the house of cards came crashing down. Turned out to be the latter.
I don't know if that is true or not. The Auditor General seems to think it is real money.
CBC News - Money - EI surplus balloons to $51 billion
Ok, I can't resist. Once in awhile my ex husband could be funny, and the topic of missing money, he would always reply 'burp'. :lol:
How can we possibly have money "lying around"? That makes absolutely no sense. We have the highest unemployment rate in years, we've just come off a summer with record forest fire fighting expenses and now we are into a pandemic (on paper at least), which must be sucking up $millions, oil and gas production is way down, lumber production and exports are almost neglible and inspite of all this people are still crying "more, more, more". I saw Debra McPherson, whining again as usual needing more money to run the health system, sickening, that one ministry takes more of our money than 3 or 4 others combined. People who aren't hurting should SHUT UP.
I agree with you juan.. How long can the present government keep blaming the past one for their incompetence ?
We are talking major EI funding dollars that should be available for those hit by the hard times. Why should we be using deficit money when this funding should already be there and what has happened to this fund if it has gone ? Where is the accountability ?
The premiums were certainly collected from the taxpayer.......the wage earner and the employer. If this money was spirited into some accounting limbo, surely the auditor general would catch that and report it. It might be possible to lose a few million but 54 billion........Not possible... :roll:
It's apparently gone, but not to worry. The surplus will be there again soon, helping to pay off the $56 Billion deficit we have now, in five years. EI premiums will be going up.
Flaherty's secret weapon: An EI tax
Flaherty's secret weapon: An EI tax
This scam has been going on for more than 10 years.
Surplus grows in EI fund - CBC Archives
It's been no secret that the surplus is on paper only and that the federal government uses this money for other things. It's how Cretin balanced the budget.
Surplus grows in EI fund - CBC Archives
It's been no secret that the surplus is on paper only and that the federal government uses this money for other things. It's how Cretin balanced the budget.
2007 old news perhaps but still begs the question of where did 54 billion dollars disappear too ?
Why is it that when it disappears for Liberals its automatically fraud and we should care but if its under Conservatives we need not worry ?
All I care about is where the money went too.. Where is the money..
Why is it that when it disappears for Liberals its automatically fraud and we should care but if its under Conservatives we need not worry ?
All I care about is where the money went too.. Where is the money..
But it's not 2007. This has been going on for over 10 years. The link I posted was from 1999
Who has said that?
General revenues.
juan's news link dated 2007.
CBC News - Money - EI surplus balloons to $51 billion
Stories can start at one point but can continue. EI is a big file in the government coffers. Your 1999 link states 21 billion and nothing close the 54 billion.
I did..
Where is the proof ?
SF 2004
CBC News - Canada - BQ and NDP politicians on election alert
This link from 2005 showed a suplus of 46 billion - The 54 billion is accurate - just have a prblem finding a link -
I know the date of Juan's link. That's irrelevant. The problem is at least a decade old.
The rate of growth has been fairly consistent since 1996.
No you didn't. You claimed others did. Integrity suggests (if not demands) that you point out who you are referring to. Otherwise your statement just looks like more Liberal Party propaganda.
Google "Supreme, Court, EI, Surplus." There's lots out there. The Supreme court sided with the government BTW.