Trudeau Is Going To Bury Us In Debt

[pgs]

True that, CC. I had to laugh when he mentioned that millennials will now be able to pull $35,000 out of their RSPs as a down-payment on a home. If any millennial has that much socked away, I doubt they are too worried about down payments.

They are apparently matching first time buyers down payment up to 10% , but the feds will retain 10% ownership and retain that 10% on the sale price of the home .

 

[pgs]

And pay the 10% back in the backend, not sure if the value will be pegged to the market price though, may have to pay more if the value rises on the home. The 10% may be tagged to the home not the mortgage.

It is tied to the home .

 

[JLM]

I think anyone with a functioning brain cell has know it since 2015. Now W.T.F. are we going to replace the idiot with? Maybe our best chance is to continue with Liberals with Wilson - Raybould as Prime Minister. Min. of Finance is probably harmless. Scheer makes a good yappy watch dog!

 

[Twin_Moose]

you get $5k cash and you write off the entire cost of the vehicle in one year?
how much income tax do you pay on $47 K? $10K?
you would have to look into that deduction because it can't be right. There must be catch.

Electric car buyers get boost with $5,000 incentive for consumers and tax write-offs for business

For starters, the federal government is going to spend $300 million over three years to offer a $5,000 purchase incentive for people who buy electric or hydrogen fuel cell vehicles, so long as the retail price of the vehicle is less than $45,000.

Businesses will be able to write off capital costs for eligible zero-emission vehicles in the year that the vehicle was purchased, instead of writing off slowly over time.
Zero-emission vehicles will also get a higher deductible rate; businesses can write off $55,000 for electric and hydrogen vehicles, instead of $30,000 for gas engines.

Canada has set a target for 2040 that all vehicles sold will be zero-emission, and by 2025 the government wants 10 per cent of vehicles to be zero-emission.
On top of all the incentives for individuals and businesses to buy zero-emission vehicles, the budget is committing $130 million over five years to build new recharging and refuelling stations “in workplaces, public parking spots, commercial and multi-unit residential buildings, and remote locations.”
On top of all that, Morneau’s budget promises to spend $1 million each year for the next five years “to work with auto manufacturers to secure voluntary zero emission vehicle sales targets to ensure that vehicle supply meets increased demand.”

 

[Twin_Moose]

It is tied to the home .

In a hot market the 10% can grow to 25% of original purchase price payback

 

[Hoid]

you should see a lot of taxi's switching over from now on.

if they made a decent cargo van I would buy one this year

 

[spilledthebeer]

The white natty narrative is that the NDP are socialists who will spend.

IN fact its the conservatives who without fail roll up the big debt.

Harper. Trump. Same lack of regard for debt.

OH HOID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


YOU ARE A TERRIBLE LIAR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Statistics Canada disputes your BULLSH+T about Conservatives!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


After the $32 billion dollar LIE-beral deficit of 2016- StatsCan told us that Our idiot Boy and his loser LIE-berals were running the most costly govt in Cdn history!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


StatsCan also told us Pierre Trudeau ran the SECOND MOST COSTLY govt in Cdn history!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


StatsCan then told us that after the Trudeau waste and mismanagement- the next most costly federal govts were Minority govts formed by LIE-berals and NDPers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


AS for Ontari-owe- it is NDP under premier Bob Rae who holds second spot for waste and extravagance!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


With Wyyne-bag LIE-berals earning FIRST SPOT for their waste and GREED!!!!!!!!!!!!!!!!!!!!!!!!!!!


When a Conservative govt runs a deficit it is because they INHERITED THE MESS FROM LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


The colossal MESS that DOUG FORD is struggling to clean up was made by LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


One cannot dissolve a $16 billion dollar deficit all in a minute!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Just before the June 2018 election -Wynne-bag LIE-berals signed 4 year contracts with civil service union HOGS!!!!!!!!!!!!!!!!!!!


And with over 75 percent of the ENTIRE Ontari-owe budget being gobbled up by Hog wages and solid gold pensions - Fords hands are largely TIED regarding how to resolve the budget DISASTER left by LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!


And once Our idiot Boy Justin and his loser LIE-berals get kicked off the federal political stage ........................


then some Conservative will INHERIT that LIE-beral $20 billion dollar deficit!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And LIE-berals like HOID will LIE ABOUT THAT TOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


It is a tribute to how frantic LIE-berals are becoming that they would so relentlessly LIE about the disgraced LIE-beral record of governance!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And it was the VILE PIERRE TRUDEAU who started us down this debt ridden road littered with LIE-beral LIES!!!!!!!!!!!!!!!!!!!!!!





LIE-berals like to claim they are good money managers but StatsCan says Our Pet-Pierre Trudope and his idiot son Justin are the two most spend thrift leaders ever in Canada! Here is an article that expands on the LIE-beral legacy. With some comments of my own in brackets):

David Frum: The disastrous legacy of Pierre Trudeau. David Frum | March 23, 2011 10:11 AM ET. Postmedia filesA world leader, and Pierre Trudeau

Author and columnist David Frum participated Tuesday in one of the Royal Ontario Museum’s series of “history wars” debates, on the resolution, “Pierre Trudeau was a disaster for Canada.” His debating partner was John English, the former Liberal Member of Parliament and the distinguished biographer of Pierre Trudeau. Following is the text of his opening remarks.

I could win this debate with just two words: plaid suits.

Canada elected Pierre Trudeau on the understanding that Trudeau would continue to wear his 1960s skinny lapels and skinny ties. Trudeau reneged, and in 1972 his career was appropriately very nearly terminated.

The only thing that saved him: Trudeau’s opponent wore plaid suits too.

Under the strict rules of debate, my opponent Professor English can win if he proves that Trudeau was something less than a disaster for Canada: a disappointment or even a misfortune perhaps. I hope you will hold him – and Trudeau – and Canada to a higher standard. I hope you will require him to prove that Pierre Trudeau was affirmatively a good thing for Canada, a successful prime minister.

A few years ago, I took my children to visit battlefields of the First World War. All bloomed peaceful and benign in the summer sunshine. You’d never know that a century before, human beings had crouched in terror in these trenches, that here bullets had shattered human heads, doctors had amputated human limbs, bomb blasts had buried human beings alive, and that rats had feasted on human bodies.

When we look back on the past from a distance, everything fades and blurs. It was all so long ago. The dead would be dead by now anyway. Wasn’t the situation really very complicated? We are here and warm and comfortable. No point wasting time in futile regrets. Off we wander to view the next sight.

But if we are to understand history, we have to understand it as it was lived.

Canada today is a very successful country. It has suffered less from the global economic crisis than any other major economy.

So Canadians may be tempted to be philosophical about disasters in their own past. Hasn’t all come out right in the end? Of course you could say the same about the invasions of Ghengis Khan.

I don’t draw any personal comparison between Pierre Trudeau and Ghengis Khan, obviously. But I want to stress: Canada’s achievement overcoming Trudeau’s disastrous legacy should not inure Canadians to how disastrous that legacy was.

Three subsequent important prime ministers – Brian Mulroney, Jean Chretien and Stephen Harper – invested their energies cleaning up the wreckage left by Pierre Trudeau. The work has taken almost 30 years. Finally and at long last, nobody speculates any more about Canada defaulting on its debt, or splitting apart, or being isolated from all its major allies.

(OF course Our idiot Boy and his moronic LIE-beral minions are working hard to un-do the repairs that are a long way from being finished!)

Yet through most of the adult lives of most people in this room, people in Canada and outside Canada did worry about those things.

And as you enjoy the peace, stability and comparative prosperity of Canada in the 2010s just consider – this is how Canadians felt in the middle 1960s. Now imagine a political leader coming along and out of ignorance and arrogance despoiling all this success. Not because the leader faced some overwhelming crisis where it was hard to see the right answer. But utterly unnecessarily. Out of a clear blue sky. Like a malicious child on the beach stomping on the sand castle somebody else had worked all morning to build.

That was the political record of Pierre Trudeau.

 

[spilledthebeer]

it would be a massive benefit for me - if they made a cargo van or even a mini van.

Yeah ................HOID LOVES to tell us LIES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


I saw that INSANE LIE-beral electric TOY car offer to businesses in the 2019 LIE-beral budget!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


A biz that buys an electric TOY car can write off the entire purchase as a tax deduction!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


But of course BEFORE that Biz can use the deduction THEY MUST INSTALL those COSTLY FAST CHARGERS!!!!!!!!!!!!!!!!!!!!!!!!!!


I know how impressed my boss would be about installing such chargers INSIDE the already crowded building!!!!!!!!!!!!!!!!!!!!!!!!!!


There isnt enough room for material much less for a bunch of electric TOYS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



And I know what the insurance company would say about adding so much extra stress to the ancient wiring in the building- with resulting unhappy influence on FIRE INSURANCE RATES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


My boss will continue running gasoline powered vehicles because the fuel and necessary equipment will be stored OFF SITE at a gas station that somebody else is responsible for!!!!!!!!!!!!!!!!!!!!!!!!!!!



Who would happily leave a bunch of 240 volt power equipment PLUGGED into old wiring????????


Leaving the Toy cars plugged in over night - unattended - is bad enough!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


But leaving an electric Toy car plugged in over a long weekend -especially as we know - thanks to Samsung and others- that an over charged Lithium battery CAN CATCH FIRE - sounds like INSANITY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Who would take such a risk????????????????


Just so they could own an ELECTRIC TOY CAR with limited cargo capacity, shorter range, more awkward refueling capacity, NO towing ability..........AND HIGHER PURCHASE PRICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And then add in all the electrical costs and fire insurance and etc!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


This is CLASSIC LIE-beral Bait and Switch!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



LIE-berals want us to buy their electric Toy cars and NOT BOTHER READING THE FINE PRINT!!!!!!!!!!!!!!!!!!!!!!!!


LIe-berals say just plug in and walk away.....................and hope nothing goes wrong!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And the LIE-beral record for installing efficient and reliable fast chargers in Ontari-owe and B.C. is sickeningly BAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



And there is NO WAY that the electric TOY cars can be parked outside and charged overnight within many miles of my place of employment!!!!!!!!!!!!!!!!!!!!!!!!!!!


Not with crime rates and vandalism as they are thanks to LIE-beral hug a thug judges!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


This is just MORE PROOF that LIE-berals DELIGHT in the art of Bait and Switch!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



LIE-berals LOVE making grand offers that we CLEARLY CANNOT USE - once all the FINE PRINT is examined!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[pgs]

In a hot market the 10% can grow to 25% of original purchase price payback

Yes and that goes back to the government on sale of the property .

 

[Curious Cdn]

In a hot market the 10% can grow to 25% of original purchase price payback

we're galloping into a recession and probable real estate melt down. The only good part of that is that interest rates probably won't go up and trap new home purchasers into insolvency.

 

[TalkingTogheter]

Yeah ................HOID LOVES to tell us LIES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


I saw that INSANE LIE-beral electric TOY car offer to businesses in the 2019 LIE-beral budget!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


A biz that buys an electric TOY car can write off the entire purchase as a tax deduction!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But of course BEFORE that Biz can use the deduction THEY MUST INSTALL those COSTLY FAST CHARGERS!!!!!!!!!!!!!!!!!!!!!!!!!!
I know how impressed my boss would be about installing such chargers INSIDE the already crowded building!!!!!!!!!!!!!!!!!!!!!!!!!!
There isnt enough room for material much less for a bunch of electric TOYS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And I know what the insurance company would say about adding so much extra stress to the ancient wiring in the building- with resulting unhappy influence on FIRE INSURANCE RATES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
My boss will continue running gasoline powered vehicles because the fuel and necessary equipment will be stored OFF SITE at a gas station that somebody else is responsible for!!!!!!!!!!!!!!!!!!!!!!!!!!!
Who would happily leave a bunch of 240 volt power equipment PLUGGED into old wiring????????
Leaving the Toy cars plugged in over night - unattended - is bad enough!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But leaving an electric Toy car plugged in over a long weekend -especially as we know - thanks to Samsung and others- that an over charged Lithium battery CAN CATCH FIRE - sounds like INSANITY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Who would take such a risk????????????????
Just so they could own an ELECTRIC TOY CAR with limited cargo capacity, shorter range, more awkward refueling capacity, NO towing ability..........AND HIGHER PURCHASE PRICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And then add in all the electrical costs and fire insurance and etc!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This is CLASSIC LIE-beral Bait and Switch!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-berals want us to buy their electric Toy cars and NOT BOTHER READING THE FINE PRINT!!!!!!!!!!!!!!!!!!!!!!!!
LIe-berals say just plug in and walk away.....................and hope nothing goes wrong!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And the LIE-beral record for installing efficient and reliable fast chargers in Ontari-owe and B.C. is sickeningly BAD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And there is NO WAY that the electric TOY cars can be parked outside and charged overnight within many miles of my place of employment!!!!!!!!!!!!!!!!!!!!!!!!!!!
Not with crime rates and vandalism as they are thanks to LIE-beral hug a thug judges!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This is just MORE PROOF that LIE-berals DELIGHT in the art of Bait and Switch!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-berals LOVE making grand offers that we CLEARLY CANNOT USE - once all the FINE PRINT is examined!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

You are russian from starting positions but you like Soviet Union much more?

 

[Hoid]

we're galloping into a recession and probable real estate melt down. The only good part of that is that interest rates probably won't go up and trap new home purchasers into insolvency.

I don't see any way for real estate to crash. It didn't crash in 08 because Canadian banks are careful and things have only gotten tighter in terms of qualifying for debt. There is no sub prime lending

 

[Curious Cdn]

I don't see any way for real estate to crash. It didn't crash in 08 because Canadian banks are careful and things have only gotten tighter in terms of qualifying for debt. There is no sub prime lending

“God himself could not sink this ship!”

 

[Mowich]

I think anyone with a functioning brain cell has know it since 2015. Now W.T.F. are we going to replace the idiot with? Maybe our best chance is to continue with Liberals with Wilson - Raybould as Prime Minister. Min. of Finance is probably harmless. Scheer makes a good yappy watch dog!

I highly doubt the little potato will be rushing to sign her nomination papers considering the amount of harm she has done to the party brand, JLM. If you want to see a female leader of the libs, best set your sights a lot higher.

 

[Mowich]

As it stands now, a newly wed couple, married at 21 now only have to wait until they're 36 to buy a house and set up a household. That's a big improvement over waiting until you're 39!


Thanks, Mourneau! You've saved them all! They'd better vote Liberal, after all!

I do wonder how many millennials have $35,000 socked away in their RSPs.

 

[JLM]

I do wonder how many millennials have $35,000 socked away in their RSPs.

Approximately none. I don't know who he's fooling but it's not me! They spent about 6 hour yesterday discussing this thing on C.B.C.! They should have spent about 51/2 of that discussing how we are going to get him in jail for obstruction of justice.

 

[Hoid]

Because they have only spent weeks discussing snc

 

[Curious Cdn]

I do wonder how many millennials have $35,000 socked away in their RSPs.

If all that they can muster are $14.25 per hour Service Sector jobs in a market that is almost totally excluding them from real jobs ...

Say ... two or three?

 

[JLM]

I highly doubt the little potato will be rushing to sign her nomination papers considering the amount of harm she has done to the party brand, JLM. If you want to see a female leader of the libs, best set your sights a lot higher.

I have no problem with her AT ALL. Little Potato wanted her to condone corruption and she wouldn't stand for it.

 

[Cannuck]

.... wanted her to condone corruption .....

No he didn't. You're a moron