These guys must be learning from Mulroney

[#juan]

Ottawa awash in red ink as deficit balloons to $28.6B for first six months of year

at 12:04 on November 27, 2009, EDT.

Julian Beltrame, THE CANADIAN PRESS
OTTAWA - Ottawa is past the halfway mark to the biggest deficit in the country's history, the Finance Department reported Friday.
The department's monthly fiscal monitor shows that six months into the 2009-10 fiscal year, Ottawa's deficit has already ballooned to $28.6 billion, adding another $5 billion in September.
That is on pace to meet Finance Minister Jim Flaherty's latest calculation of a $56.2-billion hole for the fiscal year that ends March 31.
At the corresponding period last year, the government was half a billion in the black, but Ottawa's fiscal position changed dramatically with the advent of the deep recession that hit the country in October.
The downturn not only resulted in the government increasing spending to stimulate the economy but also severely cut into Ottawa's revenue stream.
TELUS, news, headlines, stories, breaking, canada, canadian, national

 

[#juan]

Does anyone else think Jim Flaherty looks hung over?

 

[#juan]

1984-85, Prime Minister Mulroney's first full year in power, the annual federal deficit stood at $3 7.1 billion. It looks like Harper is going to beat that.. Do they still think that cutting the GST and corporate taxes was a good idea? Ask the people who are unemployed.

 

[AnnaG]

Does anyone else think Jim Flaherty looks hung over?

Not really. What I did notice was that he looks like he's got Frank Burns' (MASH) lips and his expression looks like he's wondering if you believe what he's saying.

 

[AnnaG]

1984-85, Prime Minister Mulroney's first full year in power, the annual federal deficit stood at $3 7.1 billion. It looks like Harper is going to beat that.. Do they still think that cutting the GST and corporate taxes was a good idea? Ask the people who are unemployed.

To be fair you should add two decades of inflation to that $37.1 billion.

 

[DurkaDurka]

Does anyone else think Jim Flaherty looks hung over?

Somewhat, ya. He probably drinks $400 bottles of scotch while he crunches numbers etc.

 

[#juan]

To be fair you should add two decades of inflation to that $37.1 billion.

Mulroney had a $35 to $50 billion dollar deficit every year he was in office. Just the interest alone provides enough inflation. I'm glad to see the Conservatives struggling with the debt. The first $50 billion dollars in taxes collected go to pay interest on the debt which was built up mainly by Bulroney.........And they are adding to it....:roll: Does anyone doubt taxes will skyrocket in the new year?

 

[Nuggler]

Does anyone else think Jim Flaherty looks hung over?

He got that way after being run out of Ontario on a rail. Tar and feathers tend to leave their mark...

Good luck to any stooge who votes for these bastards.

 

[Avro]

Bob Rae must have an extra bounce in his step these days.

Totally exonerated.:lol:

 

[Cannuck]

To be fair you should add two decades of inflation to that $37.1 billion.

....and you also have to consider there is a minority government with all the opposition parties pushing for lots of spending. The blame for the massive deficit lays at the feet of all parties. People that wish to heap all the blame on the Conservatives are nothing short of dishonest. Mind you, what else would you expect from Liberal and NDP mouth pieces.

 

[Avro]

....and you also have to consider there is a minority government with all the opposition parties pushing for lots of spending. The blame for the massive deficit lays at the feet of all parties. People that wish to heap all the blame on the Conservatives are nothing short of dishonest. Mind you, what else would you expect from Liberal and NDP mouth pieces.

:lol:

What a load of garbage.

:roll:

 

[Cannuck]

:lol:

What a load of garbage.

:roll:

Yes, most politicians are.

 

[Avro]

Yes, most politicians are.

Can't argue with that.

 

[Avro]

Yes, all conservatives are ideologs.

As are Liberals.

As are the NDP.

 

[FiveParadox]

....and you also have to consider there is a minority government with all the opposition parties pushing for lots of spending. The blame for the massive deficit lays at the feet of all parties. People that wish to heap all the blame on the Conservatives are nothing short of dishonest. Mind you, what else would you expect from Liberal and NDP mouth pieces.

That’s nonsense.

Money bills can only pass third reading in the House of Commons if the bill has received the signed recommendation of Her Excellency The Right Honourable Michaëlle Jean C.C., C.M.M., C.O.M., C.D., the Governor General of Canada, invariably on the advice of a minister of Her Majesty’s Government for Canada. The opposition parties cannot pass, on their own accord, bills that would cause a deficit, because these would be out of order without the Government’s explicit consent and agreement.

This Government needs to come to terms with the fact that reductions to the Goods and Services Tax were a critical mistake in weathering this time of financial difficulty. This revenue could have been used to give the Government a spending buffer, one which it now desperately needs; and even once we emerge from this apparent recession, the revenue is going to be needed to recover from the deficit that the Conservative Party of Canada has created. The Tories have single-handedly undone a decade of sound and prudent fiscal management by the Liberal Party of Canada.

 

[Avro]

Well gee whiz.

 

[AnnaG]

Basically, politics is crap. As soon as one leans toward such-and-such party, objectivity leaves the building.

 

[pgs]

That’s nonsense.

Money bills can only pass third reading in the House of Commons if the bill has received the signed recommendation of Her Excellency The Right Honourable Michaëlle Jean C.C., C.M.M., C.O.M., C.D., the Governor General of Canada, invariably on the advice of a minister of Her Majesty’s Government for Canada. The opposition parties cannot pass, on their own accord, bills that would cause a deficit, because these would be out of order without the Government’s explicit consent and agreement.

This Government needs to come to terms with the fact that reductions to the Goods and Services Tax were a critical mistake in weathering this time of financial difficulty. This revenue could have been used to give the Government a spending buffer, one which it now desperately needs; and even once we emerge from this apparent recession, the revenue is going to be needed to recover from the deficit that the Conservative Party of Canada has created. The Tories have single-handedly undone a decade of sound and prudent fiscal management by the Liberal Party of Canada.

Passing around bags of cash in a restuarant is sound fiscal management?
T

 

[CDNBear]

Typical left wing hackery and hyperbole...

A deficit created because the left threatened to topple to Gov't if they didn't spend spend spend...

Is it just me, or do the first three posts in this thread, look like they were written by a left wing nutter?

 

[Cannuck]

That’s nonsense.

Money bills can only pass third reading in the House of Commons if the bill has received the signed recommendation of Her Excellency The Right Honourable Michaëlle Jean C.C., C.M.M., C.O.M., C.D., the Governor General of Canada, invariably on the advice of a minister of Her Majesty’s Government for Canada. The opposition parties cannot pass, on their own accord, bills that would cause a deficit, because these would be out of order without the Government’s explicit consent and agreement.

This Government needs to come to terms with the fact that reductions to the Goods and Services Tax were a critical mistake in weathering this time of financial difficulty. This revenue could have been used to give the Government a spending buffer, one which it now desperately needs; and even once we emerge from this apparent recession, the revenue is going to be needed to recover from the deficit that the Conservative Party of Canada has created. The Tories have single-handedly undone a decade of sound and prudent fiscal management by the Liberal Party of Canada.

Why would you counter my nonsense with more nonsense? What makes your nonsense even more nonsensical is the fact that you are nothing more then a Liberal Party hack and propagandist.