CTV.ca | Ottawa posts $1.7-billion deficit in August
Will the year end in red? If it does, was it avoidable? Looks that way...
Will the year end in red? If it does, was it avoidable? Looks that way...
Feds post $1.7 billion deficit for August
- Thread starter Tonington
- Start date
After all those promises that they wouldn't have a deficit, and there it is. The corporate tax cuts and general mismanagement have eaten away the huge surplus handed to this government by the liberals. Is Harper really different from Mulroney? ..............Hi chin is shorter..........Beyond that they are twins....:roll:
Flaherty just predicted a surplus for the years end. Not sure how that will pan out with lower tax revenues coming down the line... Apparently there is a $4 Billion in a windfall from the auction of the wireless spectrum that Flaherty might be able to use to maintain the surplus streak at years end. Let's hope so...
"For the first five months of the 2008-09 fiscal year, the budgetary surplus is estimated at $1.2 billion, down $5.5 billion from the $6.6-billion surplus reported in the same period of 2007-08," said the report.
To leftards a Con surplus is a deficit.
To leftards a Con surplus is a deficit.
What that we could expect anything more.
Truly sad.
But Harpo's agenda is on the path that he wants it to be.
A few more months like that and welcome to deficit country, and it only took the cons 3 years to do it...way to go.
Cons never post a surplus anyways, they are gradually whittling away all the good fortune we had under Cretien.
This or next year we will be in deficit.
Will you cons defend it or condemn them for it?
I already know the answer.
When it comes to deficits, government spending and the overall size of government you cons are the biggest hypocrites in the history of man.:lol:
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Hmmmmm....
The Liberals promised more than 12 billion dollars in new spending in the campaign.
The NDP promised over 10 billion....
The Conservatives just 2 billion dollars.....
The left screamed bloody blue murder when the gov't moved to cut Arts spending.......by 47 million....
They have refused to eliminate the gun registry boondoggle......2 billion over 10 years........
Who is fiscally responsible??????
Not Dion.
Not Layton.......
The Liberals promised more than 12 billion dollars in new spending in the campaign.
The NDP promised over 10 billion....
The Conservatives just 2 billion dollars.....
The left screamed bloody blue murder when the gov't moved to cut Arts spending.......by 47 million....
They have refused to eliminate the gun registry boondoggle......2 billion over 10 years........
Who is fiscally responsible??????
Not Dion.
Not Layton.......
Not the guy who gives away 50 billion in corporate welfare and still ends up in the hole either ... so who, Colpy?
You mean let them keep 50 billion dollars, to create jobs and grow value for all the pension funds, including the CPP, that own shares in the companies.
Wanna buy a ski hill in the everglades?
Walter ... I watched one of those incentives grow jobs and pension funds when Weyerhauser was enticed to Sturgeon Falls - even to a $500.00 levy on property taxes to off set the cost of conversion to cardboard recycling. Not ten years later, all the plant's equipment was moved to Washington. Now,there's a big empty field and a hydro dam where once a paper mill stood.
That's just one of hundreds....
I'm half expecting to hear Inco announce they're moving smelting operations to Brazil ... now that Voiceys Bay is online and they can't upgrade their pollution control systems in Sudbury - and our gutless government won't do a thing to stop it.
Or ... do you mean incentives like buying knives from China and airplanes from the States to equip our armed forces?
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Ever run a business Walt? Nah, didn't think so Mr. civil "lazy ass" servant.
When I have received tax cuts in business guess what I have done with it? Kept it or invested it and 9 times out of ten not in Canada.
If you hand out tax cuts to the rich we don't necessarily spend it in Canada or our local communities but of you give more to the poor they do,it's not going offshore or to give someone another holiday outside of Canada.
Not shocking to me that a civil servant doesn't get that, perhaps we should lay off you lot and give it to cooperations, I'm sure it will help with the cost of moving to a cheaper labor market like China.
Idiot.:roll:
Colpy
Which party has a recent record of successive balanced, or surplus budgets? Was it the Conservatives?
Was it fiscally responsible to post a forty or fifty billion dollar deficit every year they were in office.............Could the Mulroney Conservatives do this?........Yes they could.....and did.
Oh and by the way, the cost of gun injuries and deaths in Canada is roughly 6 billion dollars a year.
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