Well, today is the Liberal/NDP Non-Coalition Coalition Budget Day!

[Ron in Regina]

It's in Singh's best interest you pull the plug. Numbers have him as opposition leader if we hit the polls. Today could be the non-confidence vote we've been waiting for.

GUNTER: Federal Liberals failing to grasp fiscal responsibility — Toronto Sun

By nearly every measure, the Trudeau Liberals have been a fiscal disaster – the national debt, inflation, affordability, taxes, economic growth, the size of the federal workforce and the cost of paying all those civil servants. Every single one of those indicators has trended in the wrong...

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[Ron in Regina]

Taxpayers should brace for impact based on the finance minister’s latest projections.

Interest charges on the federal debt will go from $47 billion this year to $61 billion in 2028-29, according to the budget update.

But what does $61 billion mean to you?

Sixty-one billion is the same amount the government plans to collect with the GST in 2028-29.

So, in a few short years, when you pay the GST on a hockey stick, a tank of gas or a bar of soap, every penny will go to interest charges on the federal debt.

In fact, interest charges will surpass federal health-care transfers next year.

Let the shock sink in just a little deeper. What could we do if it weren’t for the federal debt?

We could virtually double federal health spending.

Or we could completely eliminate the GST in a couple of years.

Somehow the government is communicating these perplexing projections with considerable calmness.

Finance Minister Chrystia Freeland claims “the foundation of our Fall Economic Statement is our responsible fiscal plan.”

But last year the government spent $474 billion. And this year the feds plan on spending $489 billion. By 2029, the government will be spending $595 billion a year.

Pro-tip for Freeland: when you spend billions of dollars more every year, you’re saving money wrong.

TERRAZZANO: Budget update proves Trudeau isn’t serious about federal finances — Toronto Sun

Taxpayers should brace for impact based on the finance minister’s latest projections. Interest charges on the federal debt will go from $47 billion this year to $61 billion in 2028-29, according to the budget update. But what does $61 billion mean to you? Sixty-one billion is the same amount the...

apple.news

 

[IdRatherBeSkiing]

If you call it reasonable, you can run all the deficits you want and the lemmings will never know.

 

[petros]

If you call it reasonable, you can run all the deficits you want and the lemmings will never know.

Or get immigrants to foot the bill....

 

[Ron in Regina]

(For some reason, when I see these side-by Hallway Synchronized Waddle Photoshoots, I mentally hear the below theme song playing)

The update adds $20.8 billion in new spending since the spring budget over five years, with some new measures designed to boost the housing supply, including rental units and affordable housing.

But much of the new spending is tied to policies and programs the federal government announced before Tuesday's fall economic statement, including billions of dollars for electric-vehicle battery plants.

 

[Taxslave2]

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All the result of poor economic policies by a party that doesn't care abut our money. I see, though, that politicians have received raises sufficient to more than cover the cost of living increases while no private sector employee has even come close, and pensioners are expected to live for a year on turdOWE's monthly food budget.

 

[Ron in Regina]

All the result of poor economic policies by a party that doesn't care abut our money. I see, though, that politicians have received raises sufficient to more than cover the cost of living increases while no private sector employee has even come close, and pensioners are expected to live for a year on turdOWE's monthly food budget.

 

[Ron in Regina]

Pollara Strategic Insights’ class identity survey, involving 3,000 adult Canadians, showed that optimism has reached its lowest point in nine years. Less than 31 per cent of respondents said they are optimistic about the future of Canada’s middle class, marking a significant drop from 53 per cent in 2020.

About 43 per cent of self-identified middle-class respondents reported that they are merely managing to get by without any savings, and an additional 15 per cent are struggling to keep up with monthly expenses.

The Salvation Army’s recently released annual report is even more troubling. It found that one in four Canadians are extremely concerned about having sufficient income to cover basic needs.

Those concerns were particularly acute among single parents, with nearly 40 per cent expressing extreme worry about meeting essential needs. One in five Canadians reported reducing meal sizes or skipping meals altogether due to financial constraints.

The report also highlights the surge in food bank use. About 22 per cent of respondents said they visit food banks weekly, with nearly half of those being first-time users in 2023.

Canadians concerned about meeting basic needs, not optimistic about future of middle class: surveys — National Post

Ontario recorded its largest ever increase in food bank usage in the last year

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[Ron in Regina]

Finance Minister Chrystia Freeland says the federal government is putting nearly $200 million in “new” (?) money toward supporting low-income renters and shelters….from…?

Ottawa is “pouring” (?) an additional $99 million into the Canada Housing Benefit, which offers financial support for low-income renters in partnership with provinces and territories.

Freeland says another $100 million will go toward emergency winter funding to help shelters to create more spaces for people without housing.

Freeland announces $199 million in support for low-income renters, shelters — The Canadian Press

OTTAWA - Finance Minister Chrystia Freeland says the federal government is putting nearly $200 million in new money toward supporting low-income renters and shelters.

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The measures come as the government faces increasing pressure to address skyrocketing rent prices and help communities struggling with homelessness.

Ministers with portfolios that touch on the economy have been holding almost-weekly news conferences since the fall as part of the Liberal government's effort to “sell” (?) policies that address cost-of-living issues.

(Data from Rentals.ca and market research firm Urbanation showed the average asking rent for December in Canada jumped 8.6 per cent year-over-year to a record high of $2,178 per month)

 

[pgs]

200,000,000.00 in new Borrowed spending .

 

[Tecumsehsbones]

Finance Minister Chrystia Freeland says the federal government is putting nearly $200 million in “new” (?) money toward supporting low-income renters and shelters….from…?

If the Yanks can get away with it, so can the Canadians, right?

 

[Ron in Regina]

200,000,000.00 in new Borrowed spending .

If the Yanks can get away with it, so can the Canadians, right?

Who’s our mutual or individual bankers this time? China?

 

[petros]

Who’s our mutual or individual bankers this time? China?

China is broke.

 

[pgs]

Who’s our mutual or individual bankers this time? China?

We are , it is called devaluation get ready for hundred dollar loaf of bread .

 

[petros]

We are , it is called devaluation get ready for hundred dollar loaf of bread .

If you can find bread.

 

[Tecumsehsbones]

Who’s our mutual or individual bankers this time? China?

Might could be careful. Most lenders have "high-value borrowers" and "low-value borrowers," and treat them accordingly.

Guess which y'all are?

 

[Taxslave2]

Might could be careful. Most lenders have "high-value borrowers" and "low-value borrowers," and treat them accordingly.

Guess which y'all are?

Pretty sure I make the low value borrowers list. Always pay loans off well before the term is up.

 

[Tecumsehsbones]

Pretty sure I make the low value borrowers list. Always pay loans off well before the term is up.

I'm surprised they'll even speak to you!

 

[Ron in Regina]

LEDREW: Trudeau leading Canada down woke path to impoverished nation — Toronto Sun

I leave the wonderful hamlet of Buckhorn once a week to spend time in downtown Toronto filming my interviews, with all sorts of people, to discuss the issues of the day. I have interviewed NDPers, and Liberals, but few will now come forward to agree with anything that the Canadian government is...

apple.news

 

[petros]

LEDREW: Trudeau leading Canada down woke path to impoverished nation — Toronto Sun

I leave the wonderful hamlet of Buckhorn once a week to spend time in downtown Toronto filming my interviews, with all sorts of people, to discuss the issues of the day. I have interviewed NDPers, and Liberals, but few will now come forward to agree with anything that the Canadian government is...

apple.news

Well written.