No use doing comparisons unless you are going to do them all! How many bills did Harper have to pay and how many that were left behind by the Liberals?
Liberals DOUBLE DOWN on DEFICITS
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No use doing comparisons unless you are going to do them all! How many bills did Harper have to pay and how many that were left behind by the Liberals?
WTI is just over $50/bbl, hardly the basis for anything in the resource sector to be described as a boom.
Just goes to show that you don't have the industry knowledge, let alone intuitive capacity to comprehend the machinations of something as complex and dynamic as an economy
The critical question relative to the spending is related to the use of funds.
Harper deployed much of that cash towards infrastructure whereas tater tot has spent it on..... well, no one really knows
No use doing comparisons unless you are going to do them all! How many bills did Harper have to pay and how many that were left behind by the Liberals?
Let's see - Chretien/MArtin paid the federal debt down for nine straight years to the tune of $90 billion.
Harper inherited a $14 billion surplus and over the course of 6 budgets increased the federal debt by $150 billion
Is HArper the single worst fiscal manager in Canadian history? Obviously Mulroney has the numbers in that department but the early 80s recession and the crash of 89 are mitigating.
We'll also mention the crash of 08 as mitigating in the Harper record. So it isn;t cut and dried. Both Mulroney and HArper were financial catastrophes.
Chretien did good...
Martin was the biggest spender.......
Chrétien, Martin, Harper: Who has the best fiscal record? - Macleans.ca
Trudeau is taking the course that Martin chose over Chretiens objections. Martin was a believer in fiscal stimulus while Uncle Jean was only really concerned about the numbers on the paper.
I like some federal cash infusion. It's for more than the oil and gas industry.
I like some federal cash infusion. It's for more than the oil and gas industry.
I didn't say theres an oil boom twit.
The Hat economy is hot. Suck it up pumpkin. Yay Trudeau!!! Yay Notley!!!
I wonder where tater tot will fit into this
Likely more along the lines of the disaster that his decrepit old man left behind by increasing the debt by 738.7%
The Trudeau Liberals make history for the highest per person spending outside a war or recession
Fraser Institute: Spending now is 22% higher than the peak incurred during the depths of the Second World War under William Lyon Mackenzie King
The Trudeau Liberals make history for the highest per person spending outside a war or recession | Financial Post
So, what's all hot down in rattle snake central these days?
Likely more along the lines of the disaster that his decrepit old man left behind by increasing the debt by 738.7%
The Trudeau Liberals make history for the highest per person spending outside a war or recession
Fraser Institute: Spending now is 22% higher than the peak incurred during the depths of the Second World War under William Lyon Mackenzie King
The Trudeau Liberals make history for the highest per person spending outside a war or recession | Financial Post
So, what's all hot down in rattle snake central these days?
Trudeau's spending was literally nothing in comparison to Mulroney.
If you want to look at spending as % of GDP (which is out current measure more and more) federal spending under Trudeau actually decreased.
Spending is no longer even considered in absolute terms but is expressed in relation to productivity. Because the Canadian economy grew so much under Trudaeu his spending became reasonable. Not So Mulroney. Not at all.
BTW this debt to spending formula is one I disagree with. Productivity is transitive while debt is permanent. It is something we need to get away from.
If you want to look at spending as % of GDP (which is out current measure more and more) federal spending under Trudeau actually decreased.
Spending is no longer even considered in absolute terms but is expressed in relation to productivity. Because the Canadian economy grew so much under Trudaeu his spending became reasonable. Not So Mulroney. Not at all.
BTW this debt to spending formula is one I disagree with. Productivity is transitive while debt is permanent. It is something we need to get away from.
Once the CDN oil market was gutted, Trudeau spent wads of cash buying Venezuelan oil, shipping it trans ocean and selling it at a loss in Canuckistan
I'm guessing that this makes sense to you folks out East
I'm guessing that this makes sense to you folks out East
Who cares who did what yesterday , it is about today and tomorrow . And tomorrow's children are going to pay for your gravy train today .
It wouldn't matter who is in power, the banks do not want the debt reduced, they want it higher each and every year. This is the US and 19132 was the FED and both World Wars were a bonus for the banks.
What a f*cking joke. We're being taxed to death to "save the planet for future generations" who will be so far in motherf*cking debt they won't be able to appreciate the fact the "planet was saved" for them.
Flosstard's fallacious argument from earlier, that debt doesn't matter anymore, is laughable, although to a degree he is partly correct. But what happens if/when the bottom falls out of the economy? Or what happens when the creditors decide it's time to call in their chips because they themselves have become over extended?
A heavy debt-load is NEVER a good thing to carry over the long term, period! And considering Trudeua's Liberals are not getting the kid gloves treatment from the CBC, McLean's or the Economist, and given Trudeau's penchant for outright bold-faces lies to the electorate, I have grave doubts that anything they claim is for the best is good for anyone but themselves and their pet UN projects.
The Trudeau govt has also made it abundantly clear that if you're a victim of a natural disaster in Canada, you're on your own!!
Trump flew to flood ravaged Texas. He even flew to Louisiana after their last big flood before he was even President to help hand out supplies that he had delivered at his own personal expense.
Trudeau heads to some Gay Pride parade, or visits some Syrian chocolatiers a year after their arrival because virtue signalling and identity politics games are more important to him than the average Canadian suffering from natural disasters, or the average Canadian in general for that matter.
Yep, we'll pile on the debt for Syrians or anyone else on the planet in need but for Canadians in need? F*ck 'em. They should just consider themselves lucky they were born here.
Flosstard's fallacious argument from earlier, that debt doesn't matter anymore, is laughable, although to a degree he is partly correct. But what happens if/when the bottom falls out of the economy? Or what happens when the creditors decide it's time to call in their chips because they themselves have become over extended?
A heavy debt-load is NEVER a good thing to carry over the long term, period! And considering Trudeua's Liberals are not getting the kid gloves treatment from the CBC, McLean's or the Economist, and given Trudeau's penchant for outright bold-faces lies to the electorate, I have grave doubts that anything they claim is for the best is good for anyone but themselves and their pet UN projects.
The Trudeau govt has also made it abundantly clear that if you're a victim of a natural disaster in Canada, you're on your own!!
Trump flew to flood ravaged Texas. He even flew to Louisiana after their last big flood before he was even President to help hand out supplies that he had delivered at his own personal expense.
Trudeau heads to some Gay Pride parade, or visits some Syrian chocolatiers a year after their arrival because virtue signalling and identity politics games are more important to him than the average Canadian suffering from natural disasters, or the average Canadian in general for that matter.
Yep, we'll pile on the debt for Syrians or anyone else on the planet in need but for Canadians in need? F*ck 'em. They should just consider themselves lucky they were born here.
No. We're being taxed to death to pay for social programs. Quit whining and tell us which of the ones you use that you are willing to give up.
If we don't fix it now it will be more expensive to fix in the future. If we aren't fixing it where is all the money going??
Are you suggesting we start defining some groups as 'useless eaters'??
You are being a little verbose there, Capt. I just attribute it to being STUPID!
More to the point........................which ones are YOU willing to give up?
You do know the biggest driver of our economic growth in the second quarter is from the Oil industry don't you