Quote: Originally Posted by 10larry
Money talks n' political nincompoops listen.
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If I had LIE-beral money then I could throw mine away!!!!!!!!!!!!!!!!!!!!!!!!!!!
Here is an article exposing the incredibly dangerous economic game Our idiot Boy Justin is playing with NAFTA and our economy just so he can express his anti Yankee values and buy up desperately needed civil service union Hog votes so he can cling to power at ANY PRICE! With some comments of my own in brackets):
Recession could push deficit up to $120 billion by 2020-21: Study.
From Postmedia News
Published: February 1, 2018. Updated: February 1, 2018 8:00 AM EST
Filed Under: Toronto SUN/ News/ Canada
The federal deficit could reach $120 billion in the next few years if the country enters a recession, says a study released Thursday.
According to the Fraser Institute’s Federal Deficits and Recession: What Could Happen, a recession could push the federal deficit to between $46 billion and $120 billion by the years 2020-21.
The study’s findings were a result of analysis from three different economic downturns, which were applied to the same revenue declines and spending increases based on the federal government’s current finances.
The downturns applied included:
Economic conditions of the 1991-92 recession
The economic slowdown of 2000-01
Severe recession similar to 2008-09
Applying the conditions from 1991-92, which had a mild impact on finances at the time, the study concluded the federal deficit would increase from $13.8 billion to $46.1 billion.
With conditions from the 2000-01 slowdown, which had a moderate impact on finances, the deficit in 2020-21 would balloon to $64.1 billion.
If the country experienced a similar recession as that in 2008-09, the deficit would reach $120.5 billion.
(What these economic projections prove is that the civil service union Hog gravy train is NOT sustainable! Since over 75 percent of all govt spending is on pay and pensions and perks for civil service Hogs- any major economic upheaval would IMMEDIATELY FORCE an extreme cutback in their gravy! And sadly- LIE-beral efforts to produce the gravy that LIE-berals have already promised are driving us steadily INTO THAT RECESSION!)
(The Ontari-owe Wynne-bag LIE-berals were warned by bond marketers that the Ontari-owe debt was dangerously large and that if LIE-berals did not curtail spending- then the bond traders would cut our credit! Bankers held off while the Ontari-owe election was held- and are happy that Ford was elected as a voice of fiscal sanity!)
(Problem is the LIE-berals have TIED Fords hands by signing 4 year contracts with Hog unions- just before LIE-berals Got thrown out - they are gone but their Hog GREED REMAINS- and bankers KNOW THIS! Bankers are becoming worried that Ford will not be able to move fast enough to save us from hitting the debt wall!)
There’s a very real risk Canada’s existing deficits could grow substantially,” said Jason Clemens, executive vice-president of the Fraser Institute and the study’s co-author in a release.
“Recessions are inevitable, and the risks to federal finances from even a mild recession, let alone a more severe one, are substantial given Ottawa’s current deficits during times of economic growth.”
Based on the study’s findings, Clemens suggested the federal government should consider a “very real risk of a future economic downturn” when drafting future budgets to minimize any possible damage of larger deficits and accumulation of debt.
(WHAT? LIE-berals plan ahead for anything bad? No- LIE-berals have been living in the land of DENIAL for many decades now! They have a Brave New World to build and piddling things like national bankruptcy will NOT stand in the way of their social engineering! Like all true socialists- our LIE-berals believe that any failure ofr their grand plans is the result of sabotage from racists and Islamophobes and greedy bankers!)
(DELUSIONAL LIE-berals sincerely believe they can NEVER BE WRONG! It is up to us to teach them at the ballot box!)