$6.7 Billion surplus in 5 months

[Colpy]

Five months into this fiscal year, the Feds are already showing a $6.7 billion surplus.

Geez, remember all that pre-election babble about how the Conservatives would break the country?

Sure doesn't appear that way.

Good stuff. Paying down debt should be a priority of any government.

 

[EastSideScotian]

Thats why I laughed my face off this Morning on the news, Having a Layton Clip of him saying The Conservitves are Missmangeing out Economy, Enviroment and Millitary. Because right now it seems for all 3 they are the only ones to make any decent changes.

If the NDP took power we wouldnt be able to cut down soft wood trees, and tree hugging isnt a payable job...we would be so ****ed ...lol

 

[BigBen]

They campaigned on no more huge surpluses, they're in good position with a surplus like this (although they expect it to shrink) because I'd expect their next budget be full of tax cuts so they fulfill their commitment to erase these surpluses. I think the other parties are all planning on voting against the next budget to force an election but it'd have to be tough to call an election over tax cuts - disagreeing about cutting taxes has to pretty unpopular with most voters

 

[iamcanadian]

This was all from the scamming of Gas Tax when it went to $1.20 per liter. Their take was TWENTY FIVE CENTS for every liter of gas more than what they expected to get from the tax on $0.75 per liter.

 

[iamcanadian]

Paying down debt should be a priority of any government.

Your joking right. If the debt is paid down this just gives head room for the bureaucrats to borrow more money without raising taxes to line their pockets with.

Keep the debt as high as possible so that they can't borrow anymore money and have to cut spending instead. If they raise taxes the public can at least get mad about it and overthrow the government when necessary.

 

[Toro]

Your joking right. If the debt is paid down this just gives head room for the bureaucrats to borrow more money without raising taxes to line their pockets with.

Keep the debt as high as possible so that they can't borrow anymore money and have to cut spending instead. If they raise taxes the public can at least get mad about it and overthrow the government when necessary.

What?

You cannot decrease the debt by borrowing more.

Keeping the debt "as high as possible" is playing Russian roulette with the economy.

 

[Tonington]

Yah, lets borrow more money, and pay more money to pay off those loans. Then when spending programs like health care and pensions need more money, we'll have higher taxes. Sounds good to me...

 

[LittleRunningGag]

Yeah I sure like having fifteen cents of every tax dollar spend on interest payments. Some people are just daft.