Oh I would not bet on them being able to talk their way out of SERIOUS CONSEQUENCES from multiple 30 billion dollar deficits!
History repeats itself-most people know this axiom but apparently Lie-beral party members don’t believe it. How else to explain that the economic plan that has been presented by our new prime minister-the Boy with nice hair...for Brains is almost identical to the disaster implemented by Ontari-owe premier Bob (BOOB!) Rae 25 years ago?
Bob The Boob Rae has had more influence on the Lie-beral party than some people want to admit. After being turfed after one catastrophic term as Ontari-owe premier-the suddenly disgraced former NDP premier found his career in such tatters that he abandoned his beloved NDP and joined the Lie-berals...and in time became Lie-beral `interim` leader while they tried to decide what to do after their own terrifying disgrace of the three billion dollar adscam theft of tax dollars during the Lie-beral Chretien years.
Apparently The Boob is more persuasive and influential with the weak minded and ill-educated then one might suppose! How else to explain that the economic so called plan that Justin Trudope wants to implement now that he is prime minister happens to be a near perfect retread of the plan Rae tried on in Ontari-owe when he became premier for that one disastrous term! Consider:
Rae wanted to end what he called corporate welfare-that long standing Lie-beral tradition of giving tax breaks to corporations in exchange for them setting up shop here and giving us jobs. And Rae wanted to make the rich pay-firstly because the rich have the most money and also because its hard to make the poor pay as they are...well....POOR! Rae wanted to put money into the pockets of ordinary people-by which he meant the civil service Working Family Hogs who largely elected him. Rae wanted to `stimulate` the economy with borrowed money so that we would all have more, wanted to aid the disadvantaged and clean up the environment and all that noble and high minded stuff.
What he ended up with was credit trouble on a massive scale as lenders don’t like to loan to dorks who have no idea how they will repay what they want to borrow. Worried lenders also like to punish careless spenders with HIGHER credit charges...hoping to scare the careless (like The Boob and The Boy) into better discipline. The rich resented the foolish NDP/Rae attitude and moved their investment money to other places out of his reach. Corporations reacted badly to his ending of tax breaks and his raising of tax rates and also moved on to other places, taking their jobs with them.
Company closings and job loses sent welfare costs soaring as people turned to NDP govt for help-and that was help Rae really could not afford to give as his revenue stream was turning into a trickle. Easy access to freely available govt money fuels inflation and civil service union Hogs wanted THEIR CUT.....they are ENTITLED you know!
We ended up with hospitals with no nurses, no doctors, no beds, no patients. I took a walk through Women’s College Hospital 2 years into the Reign of Boob and it was a creepy ghost town on many floors.....empty, abandoned, no longer in use as its operation was unaffordable. Whole floors of Ontari-owe hospitals were shut down and forgotten, simply waiting for better days and a new election and more sensible money managers.
The day after Rae was elected, the heads of Toronto Housing Authority held an emergency meeting and agreed to CANCEL MILLIONS of dollars of maintenance contracts. As an example of the devastation, they cancelled a MILLION and a HALF dollars worth of contracts with ONE single moderate sized construction company, plus millions more with other businesses. None of it was enough to halt the govt red ink and Rae had to order civil servants to take unpaid days off while unaffordable govt business was neglected.
And now we have Justin Trudope trying to repeat the Rae plan. Trudope does not talk of corporate welfare, he simply labels it as benefits for the rich....but it’s the same target...people and corporations....those people are not pretty but they are our employers and financiers and if they get pissed and shut down then what is to be done? Except admit govt stupidity and implement Rae Days and Trudope Tuesdays.....and HOPE that will save us.
People suddenly ORDERED to pay more tax don’t hand out raises or bonuses to deserving employees. Corporations that are paying more taxes don’t invest in new equipment or hire new people...especially if they are going to be hit with new payroll taxes for things like the `made in Ontari-owe` carbon tax and the new pension plan from Ontari-owe premier and Great ***** McWynnty who has sold herself, her party and our future to the civil service Hogs.
Trudope has assured us his first act as prime minister will be to reduce taxes on the `middle class`-by which he means civil servants. Yes, the public sector people who are already getting about one third MORE for the same work done by people in private sector will be getting a tax break while Trudope economically bombs the private sector corporate employers we ordinary people depend upon.
The Hogs also typically take THREE PAID sick days for every SINGLE sick day taken by a private sector worker.....and ordinary people often DON’T get paid for sick days! The Hogs also have clothing allowance, dental benefits, drug plans, eye glass plans and a wonderful pension plan so rich that ordinary people are NOT ALLOWED by LAW to invest so much so often in THEIR private RRSP’s! About 35% OF Cdns cannot afford to take any holiday while Hogs demand EVEN MORE!
Trudope will also cancel income splitting to further punish the private sector workers who so clearly dislike him and will use that money in a HOPELESS attempt to rebuild Bankrupt Hog pension plans. OSSTF-the Ontari-owe high school teachers have the single largest pension fund in all of North America; Ontari-owe municipal employees are in the richest top five pension funds and Quebec municipal employees are in the top ten in North America.
Yet all the civil service Hog pension plans are faltering....the VAST riches already given to them are NOT ENOUGH....in spite of OSSTF getting a routine TWENTY to TWENTY FIVE PERCENT return on investment! Makes your paltry little GIC look SICK doesn’t it? Yet Hog entitlements are so gross that they are in danger of bankrupting ALL 19 of the civil service union pension plans in the next few years UNLESS they get VAST NEW infusions of cash......and there is the heart of the Trudope election campaign!!!
Just like Rae, Trudope plans to make the rich pay, without noticing that he will need them to create private sector jobs that actually PRODUCE tax revenue....instead of just SUCKING IT UP! Trudope will practice the same pork barrel politics for his friends and allies as Rae did, handing out ever larger sums of money to smaller and smaller groups of people-friends and allies of govt all. Trudope will find, as Rae did that the existing revenue just doesn’t go far enough and bankers just don’t like free spending dorks like Rae and Trudope and will refuse to lend. And of course bankers have the spectacle of the collapsing Greek economy to remind them of harsh reality every time they think of getting careless with money.
And just like Rae and just like Ontari-owe premier McWynnty, Trudope will find that Hog greed is insatiable....not enough money in the world for them! Give generously this year and they WILL be back again next year! Its why Dalton McGinty is no longer in politics...he DARED to impose restrictions on the Hogs and was driven from office. His successor-McWynnty stood in front of a pack of teachers howling for more gravy like rabid DOGS and SWORE she would do whatever it took to regain their trust....and yet, here they are STRIKING against her! There is NEVER enough for these Hogs!
And Rae? He was humiliated as the Hogs totally withdrew their support from his party because he pinched THEIR pennies and imposed his Rae days-unpaid days off when things got too messy. So why would there be any different result for Trudope? Nice hair and pious platitudes don’t pay the bills nor do they impress bankers!
Justin Trudope will become our worst ever prime minister and the future he creates will be stark and ugly......red ink and lost jobs and huge debts and a series of collapsing pension plans-both public AND private ones as 97 percent of ALL defined benefit plans are in serious trouble as of a couple of years back .Not that anybody would know it now as the Lie-beral friendly media *****s have ceased to comment on it in deference to the brainless Boy and the Great ***** of Ontari-owe!
So congratulations to Justin Trudope-the dull witted, slow to learn `wanna be` Boob Rae` of the Lie-beral party! What Boob did to Ontari-owe, the gormless Boy with the nice hair for brains will do for Canada!
I am not defending the Liberals, but given the amount of time before the next election, the budget won't hurt them unless the effects of this, and subsequent ones, accumulate and sting the voter.