The poor lamb.. That ankle bracelet really must interfere with his selection of custom socks
It's time to Grade Trudeau
- Thread starter B00Mer
- Start date
The poor lamb.. That ankle bracelet really must interfere with his selection of custom socks
Imagine a government so intent to throw money around that they were warned of $400 million in monthly payments being fraudulent and they did nothing about it, in fact told employees to look the other way.
Toronto Sun
Toronto Sun
make no mistake, the CRA has long memories and will be clawing back on those funds at a later date
Yep there is nothing for free just people rolling the dice to see if they can get away with it.
Many of the cheaters do not remit taxes , they will quietly be swept under the rug .
OH YES! IF they can find the people and companies who got the cash!
Some years back a group of Sikhs was arrested for setting up a dummy company with fake employees and collecting
Unemployment Insurance income using faked work records!
And recently - In the early stages of the Wuhan Mess - LIE-berals actually told us they would be slow to hand out gravy to small biz
because LIE-berals DID NOT want to hand out gravy to fraudsters!
LIE-berals CLAIMED to be worried about FRAUD! But that was then and this a MORE WORRYING TIME for LIE-berals!
The LIE-beral effort to paralyze our Parliament and grab power until December 2021 HAS FAILED and now they are
moving back to their old standby - BRIBERY!
Just shovelling money out the door and worrying about collecting it SOME TIME AFTER the spring budget of 2021!
After all it will be spring 2021 BEFORE our LIE-beral majority faces its first NON CONFIDENCE VOTE - right after producing its
FIRST REAL POST PANDEMIC BUDGET!
What is worse than Black/Brown face, cultural appropriation, sexual harassment? ^^^^^^^Boomer's post is
Kinda puts the firing for teacher/student sexual relations in BC in perspective after watching that video
TRUE DAT!
And always VOTE HUNGRY LIE-berals will help by holding up the rug to make it easier to HIDE!
If LIE-berals survive the coming non confidence vote in spring 2021 then they will make half assed efforts to collect
on bad debts - for fear of offending poverty pimps and assorted loud mouth lobbyists and radical pressure groups!
On the other hand - if LIE-berals end up defeated - then they will display their USUAL HYPOCRISY in demanding
that which ever other party forms the new govt - should immediately and RUTHLESSLY COLLECT on all the bad debts out there
that were SET UP BY SNEAKY VOTE BUYING LIE-berals!
And in other news:::::
LIE-beral friendly news media whores are now working very hard to promote the federal LIE-beral performance during Wuhan Virus and Fake News has become even more important than it used to be - as demonstrated by this article!
With some comments of my own in brackets):
COMMENTARY: Why the government’s coronavirus spending may not lead to higher taxes
From globalnewsdigital. Published May 11, 2020
(Clearly Global News is one of the agencies who benefited most fully from the six hundred million dollar slush fund that LIE-berals set up prior to the 2019 election to hand out gravy to Cdn news media that LIE-berals “TRUSTED”! Meaning media that promotes LIE-beral Fake News such as the TAX CRAP in this article!)
The Parliamentary Budget Officer recently released an updated analysis of the coronavirus pandemic’s impact on the Canadian economy that forecasts the federal budget deficit will be $252 billion in 2020-21, compared to $25 billion in 2019 20.
Such a massive deficit would represent 12.7 per cent of Canada’s Gross Domestic Product. In comparison, the deficit for 2019-20 is expected to be only 1.1 per cent of GDP, according to the PBO’s analysis.
The increase in the deficit is mainly caused by the fall in tax revenues resulting from the lockdown-induced recession and the extraordinary spending measures adopted by the government to support the economy and manage the pandemic. The PBO says these measures totalled $146 billion as of April 24.
(LIE-berals and economists agree that there is likelyb to be a big wave of bankruptcies for both people and biz in the coming months as fiscal stress works its way through the system! This translates into LOST revenue! Landlords who cannot collect rent and biz that cannot sell its stock!)
(All this fiscal stress means WRITE OFFS of money owed with the private sector swallowing the LOSSES - while civil service union HOGS go on collecting tyheir gravy AS USUAL - INCLUDING regular demands for PAY INCREASES!)
So, where is the money for all this extra spending coming from?
With tax revenues down, the only option right now is borrowing. But who can lend the government such large sums? At what cost? And how are Canadians going to pay it all back? Is the federal government going to have to raise taxes and cut regular spending once the COVID-19 crisis is over?
(This is the first LIE-beral deceit! LIE-berals DID NOT BORROW this money they are handing out - they pulled it out of the AIR by simply printing cheques!)
Cost to taxpayers should be minimal
(There is the next LIE-beral deceit and it is HUGE! Govt HAS NO CASH of its own! It has ONLY what we can pay them plus whatever they can BORROW! And in the past 4 years - the LIE-beral gvot BORROWED TO THE LIMITS! Now govt is handing out staggering new sums of money in a grand BUY NOW - PAY LATER style!)
The good news is that the cost to Canadian taxpayers and beneficiaries of government services should be minimal. Canadians do not have to fear years of austerity from their federal government once the pandemic has passed.
(LIE-berals are DELIBERATELY LYING TO US about that future cost! The money that LIE-berals are glibly handing out now - HAS BEEN BORROWED FROM OUR FUTURE! WE WILL PAY IT ALL BACK! Worse yet - LIE-berals have so completely buried us in debt that it will take MULTIPLE GENERATIONS to pay back the debts created BEFORE Wuhan Virus appeared!)
Domestic and foreign financial institutions (banks, insurance companies, pensions funds and other investment funds) and large corporations are the federal government’s main lenders. They do so by buying bonds (essentially contracts where the borrower pays lenders or investors a fixed rate of return over a certain period of time) from the federal government.
(There is the NEXT LIE-beral deceit! Such financial entities WILL NOT LOAN unless they are assured of a decent pay back! We have only to look back at the Greek mess in which NOBODY would loan to Athens because of their POOR pay back record!)
(WE should also look to the comment made by former Ontari-owe premier Dalton McGinty who suggested that Ontari-owe HOG unions should be made to “invest” in the Ontari-owe future by loaning cash for needed govt infrastructure projects and such was the LIE-beral fiscal record that the HOGS REFUSED the LIE-beral invite to invest with govt!)
(The McGinty LIE-beral position got SO BAD and the red ink got so deep that Mc Ginty sought to FREEZE HOG wages - and that provoked such a strong HOG response that McGinty RETIRED FROM POLITICS and left the job open to LIE-beral Wynne-bag!)
(Wynne-bag immediately told HOGS “we will do whatever it takes to win back your trust - in an open ADMISSION that LIE-berals who interfere with the HOG gravy train - DO NOT get re-elected! IN an effort to win back that trust - Wynne-bag turned Ontari-owe into the most INDEBTED sub-national entity on the planet! Wynne-bag also made herself into the most HATED politician in Cdn history as she buried Ontari-owe in debt even as she claimed our economy was “booming”!)
Demand and supply determine the interest rates the government pays to the investors on these bonds. If there is a lot of demand for the government’s bonds relative to their supply, then interest rates will be low. If demand is low, then interest rates will be high.
(That is MORE LIE-beral deceit! LIE-berals have been deliberately depressing interest rates in order to - as they claim - control inflation - by which they mean making it easier for govt to BORROW GRAVY in order to buy HOG votes! Our inflation rate is driven by pay rates and taxes for HOGS and NO LONGER HAS ANYTHING to do at this point with private sector activities!)
In the current context, we would expect the demand for Canadian government bonds to be low and their supply to be high. With the economy in recession because of the pandemic, financial institutions and most large companies are struggling. It’s likely they don’t have much spare cash to invest in the vast amounts of bonds offered by the federal government. As a result, the government would be expected to pay high interest rates on its extra COVID-19 borrowing to attract investors.
(MORE LIE-beral deceit! LIE-berals have already ORDERED Bank of Canada to BUY UP all manner of bonds and debts using the “funny money” that LIE-berals have been printing up as if they were criminal COUNTERFEITERS! LIE-berals have a LONG RECORD of disregarding the consequences of massive debts - thus the LIE-beral printing of funny money WILL CONTINUE for as long as we allow and accept this DECEITFUL devaluation of our cash!)
(LIE-berals have made their careers promoting the useful nature of inflation - as they manipulate the value of our cash for their own selfish reasons! As mentioned - LIE-berals consider MASSIVE GOVT BORROWING so they can buy votes and cling to power at any price- to be an ESSENTIAL LIE-beral tool!)
(LIE-berals are trying to create a financial perpetual motion machine in which borrowed money fuels govt activities and inflation and each year LIE-berals get to pay back debt with DEVALUED DOLLARS! In 70 years - starting in 1950 - a 3 bedroom house on a nice lot in Scarborough has gone from costing $14,500.00 up to one million dollars and how is that not a MASSIVE GOVT monkey messing with the value of dollars? Inflation is like rust - it never sleeps and never stops robbing you!)
Interest rates have dropped
(Interest has dropped as a result of GOVT ORDERS to Bank of Canada!)
The reality is, however, the opposite. According to the Bank of Canada, interest rates on government bonds have dropped significantly in the past two months. Canadians can thank the Bank of Canada for this fortunate turn of events. The bank’s unprecedented actions to support the economy and financial markets during the COVID-19 crisis have brought down the cost of borrowing.
(The TRUTH IS that HOGS DO NOT invest in Cdn govt bonds as the return on investment is generally TOO LOW! Thus only POOR PEOPLE with limited income and few investment options bother to buy govt bonds!)
(And consider that Cdn Imperial Bank was offering 1.4 percent interest on a $5000.00 bond held for a year - and yet inflation was running at OVER TWO PERCENT - prior to the Wuhan Crisis - thus a 1.4 interest rate means YOU LOST MONEY after a year of interest payments and that is BEFORE you count in any income tax on that interest earned and without counting the bank fee to set up your bond! A 1.4 percent return is better than NOTHING but it still represents a DROP in your cash value!)
One such action is the Government of Canada Bond Purchase Program, whereby the Bank of Canada purchases a minimum of $5 billion worth of federal government bonds per week in the so-called secondary market (from financial institutions and corporations), as opposed to directly from the government itself (the primary market).
(Yes- LIE-berals use their funny money and massive debt to buy up debt from damaged and suffering biz - in a BAILOUT of select LIE-beral friendly biz that employs union HOGS!)
(We have only to look at the brawl at the Coop Refinery out west as HOGS strike over their “inadequate” pensions which are already SO RICH that few ordinary Cdns get anything half so good from THEIR EMPLOYERS! And in the final irony - LIE-berals who want to DESTROY the Cdn oil patch also want to voting support of UNIFOR HOGS who represent BOTH the Cdn media whores who are promoting LIE-beral Fake News AND Unifor represents the striking HOGS at the Coop Refinery!)
In doing so, Canada’s central bank has indirectly pushed up the demand for federal government bonds. In fact, it is as if the Bank of Canada was lending directly to the government at very low interest rates.
(And WHO is demanding that govt BUY up these corporate bonds? Why- it is BIZ tha is making those demands - in order to save jobs and keep Biz moving! And we ALL KNOW how that ends! After the 2008 mortgage disaster - LIE-berals howled in rage at Conservative Harper for not running deeper into debt to “save” Cdn biz and yet no sooner did Our idiot Boy get elected than he howled in rage at the $1.5 billion dollar debt left behind by Harper - which LIE-berals promptly ran up to a $32 billion dollar deficit!)
(Further - in summer 2019 - while LIE-berals doggedly INSISTED our economy was “Booming” - they quietly WROTE OFF the $2.8 billion dollars in loans too General Motors and to Chrysler Corp - even as GM was packing up and LEAVING CANADA!)
a close up of a logo © Provided by Global News This graph shows the average yield of three- to five-year Government of Canada Marketable Bonds. Borrowing costs for the federal government have dropped since the start of the coronavirus pandemic. (Bank of Canada)
As a result, the federal government’s cost of borrowing is now lower than it was a couple months ago. For instance, it currently costs the government 0.35 cents for every dollar that it borrows for three to five years. Back in February, it was paying between 1.25 and 1.75 cents per dollar borrowed for the same period of time.
(In other words LIE-berals have used inflation and devalued funny money dollars to artificially REDUCE the cost of borrowing!)
This means the annual cost of borrowing $252 billion for three to five years would be only $882 million, compared to the $3.8 billion it would have cost without the Bank of Canada’s actions. Such a sum would add only 0.04 per cent of GDP to the federal government’s future yearly deficits. It can, therefore, be easily absorbed without raising taxes or cutting regular program spending in the future.
(That reduction in borrowing cost represents REAL MONEY that SOMEBODY WILL HAVE to pay back! Somebody is having their pockets picked as LIE-berals pretend they can draw cash out of the air - without long term consequences!)
But what about paying back all the extra debt? Won’t that require raising taxes and cutting spending for the foreseeable future? Not necessarily.
Debt will be rolled over
(Yes! LIE-berals LOVE rolling over debt and leaving it like a ticking time bomb for other govts to deal with! Brian Mulroney rolled over our debt until he hit the debt wall and hit us with Free Trade AND GST! LIE-beral Jean Chretien hit his own debt wall and frantically slashed transfer payments to the provinces! LIE-beral Wynne-bag hit the debt wall so hard she destroyed her own party! Our idiot Boy Justin hit the debt wall in his FIRST YEAR in power and was compelled to hit is with the carbon tax SCAM!)
(The idea that LIE-berals can spend $250 billion dollars in one year - WITHOUT massive long term consequences is Fake News at its most INSANE!)
John Ivison: It's time to cancel Justin Trudeau's COVID-19 'morning show' and get back to Parliament
Yes please.
Yes please.
They did not borrow the money , they just printed it . All they really did was devalue our currency .
Hey, beer spiller. I just gave you an S for being Stupid and Stunned. He-he.
Hous mi henglish going? Gittin btetr?
Why don't you stop trying to pretend that you give a shit about anything? Do you like to just see yourself talking? So, just what the hell did you ever do to try and make Canada great, eh beer spiller? Come on, give me something will you? Sorry about mi henglish. Lol.
I give trudOWE a I_F ( incompetent ****up). I seen a poll about a week ago that among other questions was " Has your opinion of the PM changed since the COVID crisis?"
Of course the the closest I could get from their choices was NO, since it already can't get any lower.
Of course the the closest I could get from their choices was NO, since it already can't get any lower.