Ontario Premier Kathleen Wynne takes credit for CPP deal
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"This weeks stupidest comment"??? Try this century's stupidest comment! They don't come any dumber than that!
Exactly.
And for the life of me I cannot understand why people keep giving it to him.
Explain
Some things best left unexplained to fans of specific icons, it had to take considerable effort to construct the worst possible plan to green our electrons. Warranting green power grid space at fixed sky high rates is beyond stupid, as more green comes online hydro costs soar as we dump clean, economical water that we just spent big money on to bore a tunnel increasing flow. A declining premium for green as more comes online would offer a cost control and would not discourage green investment, small business can only dream of margins like wind mills or solar produce.
Have to say this is not all mcwynnes doing as dalton got this disaster off the ground then realizing the monster he created headed for the hills but she appears determined to outdo his legacy.
Some things best left unexplained to fans of specific icons, it had to take considerable effort to construct the worst possible plan to green our electrons. Warranting green power grid space at fixed sky high rates is beyond stupid, as more green comes online hydro costs soar as we dump clean, economical water that we just spent big money on to bore a tunnel increasing flow. A declining premium for green as more comes online would offer a cost control and would not discourage green investment, small business can only dream of margins like wind mills or solar produce.
Have to say this is not all mcwynnes doing as dalton got this disaster off the ground then realizing the monster he created headed for the hills but she appears determined to outdo his legacy.
Ontario retirees in the future will have to wait longer for less
Did we all forget how conservative Liberal Finance Minister Bill Morneau can be? As MP from one of the most conservative electoral districts in Toronto, he is considered a Member from Bay Street, not Main Street. He proved it for all to see when he bargained improvements in the Canada Pension Plan down to the lowest common denominator. And what made it the complete farce was how Ontario’s finance minister cut and ran, after letting a planned, stronger Ontario supplemental plan be gutted by cheapskates.
Sure Morneau won provincial approvals. It was made cheap so the provincial finance ministers could easily agree. Of course Quebec stood back but they will probably have the Quebec Pension Plan provide Quebecers with the same pennies as the rest. Manitoba’s new finance minister had to go home to have the deal checked by mathematicians.
But the Ontario Liberal government got what it wanted. The Ontario Liberals were faced with heavy up-front costs to duplicate the Canada Pension Plan structure and proceed with the Ontario supplemental plan. The idea all along was to transfer the plan to the federal government when the time was right. With the Trudeau government in power in Ottawa the way was clear to toss the ball to the feds.
But Ontario retirees in the future will have to wait longer for less. Forgetting the present retirees who are watching their pensions eaten away by inflationary heating, eating and investment-defeating markets is the hallmark of the Wynne government.
And you can guess who the real cheapskates were at the negotiating table. It was British Columbia and Saskatchewan who kept complaining that their provinces could not afford any increase in fees or payouts. It is hardly that these finance ministers were worried about the needs of their citizens. They were just giving the usual knee-jerk conservative reactions. It was the same as the federal Conservatives who claim that Morneau and the provincial finance ministers have taken a drastic step that they will come to regret.
The truth is that Canada is behind most advanced countries in spending just over five per cent of gross domestic product on public pension funding. The average spending of OECD countries is around 9.5 per cent of GDP.
Bill Morneau will expect kudos at the next cabinet meeting on how fast he moved on winning acceptance of his plan. Actually the speed was all a favour to the Ontario government which needed to get to work if it was going to have to go it alone.
Pennies for a pension plan. « Babel-on-the-Bay
Did we all forget how conservative Liberal Finance Minister Bill Morneau can be? As MP from one of the most conservative electoral districts in Toronto, he is considered a Member from Bay Street, not Main Street. He proved it for all to see when he bargained improvements in the Canada Pension Plan down to the lowest common denominator. And what made it the complete farce was how Ontario’s finance minister cut and ran, after letting a planned, stronger Ontario supplemental plan be gutted by cheapskates.
Sure Morneau won provincial approvals. It was made cheap so the provincial finance ministers could easily agree. Of course Quebec stood back but they will probably have the Quebec Pension Plan provide Quebecers with the same pennies as the rest. Manitoba’s new finance minister had to go home to have the deal checked by mathematicians.
But the Ontario Liberal government got what it wanted. The Ontario Liberals were faced with heavy up-front costs to duplicate the Canada Pension Plan structure and proceed with the Ontario supplemental plan. The idea all along was to transfer the plan to the federal government when the time was right. With the Trudeau government in power in Ottawa the way was clear to toss the ball to the feds.
But Ontario retirees in the future will have to wait longer for less. Forgetting the present retirees who are watching their pensions eaten away by inflationary heating, eating and investment-defeating markets is the hallmark of the Wynne government.
And you can guess who the real cheapskates were at the negotiating table. It was British Columbia and Saskatchewan who kept complaining that their provinces could not afford any increase in fees or payouts. It is hardly that these finance ministers were worried about the needs of their citizens. They were just giving the usual knee-jerk conservative reactions. It was the same as the federal Conservatives who claim that Morneau and the provincial finance ministers have taken a drastic step that they will come to regret.
The truth is that Canada is behind most advanced countries in spending just over five per cent of gross domestic product on public pension funding. The average spending of OECD countries is around 9.5 per cent of GDP.
Bill Morneau will expect kudos at the next cabinet meeting on how fast he moved on winning acceptance of his plan. Actually the speed was all a favour to the Ontario government which needed to get to work if it was going to have to go it alone.
Pennies for a pension plan. « Babel-on-the-Bay
Are you suggesting the Libs are much different than the Cons on items that matter.........?
Here (link is external), on this week's Canada Pension Plan announcement - and the Wall government's surprising decision to merely delay rather than outright obstruct a national boost to retirement security.
For further reading...
- Kevin Milligan (link is external), Sheila Block (link is external), Adam Mayers (link is external) and the Canadian Press (link is external) each offer useful looks at what the CPP expansion means. And Milligan has also pointed out (link is external) this chart from the OECD on the small amount of social security contributions currently made by Canadians:
Jennifer Paterson compares (link is external) Canada's pension system to other countries in terms of the benefits currently offered. And anybody looking for source information can find it from Service Canada (link is external).
- In light of the distance Canada has to go in order to catch up to other developed countries, Jeremy Nuttall reports (link is external) on Hassan Yussuff's push to further strengthen the CPP.
- CBC reports (link is external) on the Saskatchewan Party's grudging acceptance of the deal - along with its spin that delaying implementation is somehow a worthwhile achievement.
And David Giles highlights (link is external) the view of the CFIB and other corporate spokesflacks that any income security for workers is too much.
If nothing else, she's managed to make it a rip-off. Even in death it's paying her friends
Taxpayers spent close to $20M on Ontario pension plan that never started and is now winding down | National Post
Taxpayers spent close to $20M on Ontario pension plan that never started and is now winding down | National Post
Will she take credit for turning our electrical grid into the most expensive grid in North America that burns the most fossil fuel out of all of them?
Will she take credit that we have to pay neighbouring electrical grids to take our extra electricity because it's irregular voltage is more troublesome to control then what it's worth?
Will she take credit for hospital paralysis that costs lives. We know she feels $20mil to line crony pockets is a price worth paying, wonder what price she attaches to a young persons life?.
http://www.thestar.com/life/health_wellness/2016/04/23/plea-from-dying-teen-please-help.html
Will she take credit that we have to pay neighbouring electrical grids to take our extra electricity because it's irregular voltage is more troublesome to control then what it's worth?
Will she take credit for hospital paralysis that costs lives. We know she feels $20mil to line crony pockets is a price worth paying, wonder what price she attaches to a young persons life?.
http://www.thestar.com/life/health_wellness/2016/04/23/plea-from-dying-teen-please-help.html
Either you're being deliberately disingenuous or you are indeed clueless - I'm not sure which. Small businesses are the bread and butter of this country; of its economy. They employ the vast majority of people. So how is it possible that they don't benefit the economy? Are you saying only BIG business does that?
Please explain.
All his wealth comes from taking , he works in a union office , probably CUPW or some such , makes a decent wage all the while building his bona fides for a run at the brass ring .
Consider the source, Dixie & I wouldn't give it another thought! (It's just so retarded)
Anyone who employs one person at a legal enterprise is supporting the country.
Despite not signing on to the Canada Pension Plan changes announced last month, Manitoba Premier Brian Pallister says the deal is "great" for millennials but more should be done to help people right now.
"We have a consensus that the plan should be made better for millennials in 30 years. Great, that's fine. Except that if we are going to stop there, I think we are missing a real opportunity," Pallister said.
On June 20, all of Canada's provincial finance ministers — with the exception of Manitoba and Quebec — agreed to increasing the CPP benefit over time, by about one-third once the changes are fully phased in. The provinces were asked to finalize their agreements with the federal government by July 15.
At the time, Manitoba abstained from voting for the deal. Pallister said his government was only two months old and he wanted more time to study the proposals. He also said he was concerned that the CPP agreement did not address the need for people to manage their own retirement savings.
"I guess what I'm talking about is making sure we don't lose sight of individual responsibility in the hoopla around debating the CPP augmentation here," Pallister said at the time.
Speaking to Power & Politics, Pallister said Monday while it was "indisputable" the deal would help 30- to 40-year-olds down the road, now was the time to ensure the CPP is expanded in other key areas.
"Getting a consensus around changing the CPP shouldn't be confined to just making it bigger. We should be looking to make it better as well for people who retire next year — not just in 30 years," he said.
The Manitoba premier has been calling other premiers and federal Finance Minister Bill Morneau in an attempt to convince them to support changes to the CPP's death benefit — a one-time payment of up to $2,500 that is paid to the estate of a deceased CPP contributor.
"There's no doubt that that is a valuable benefit to Canadian pensioners and it assists families at a time of need, so I would want to see that benefit indexed [to inflation]," he said.
Pallister is also seeking assurances that the CPP deal will not negatively impact the Guaranteed Income Supplement (GIS) that a pensioner receives.
Pallister says he will be pushing these ideas, and others, before the Summer Meeting of Canada's Premiers in Whitehorse, Yukon on July 20-22.
"I ... really believe that we have a chance to build on the consensus we have and should not let that pass because it isn't easy to get … seven provinces representing two-thirds of the population to agree to anything," he said. "So let's not miss this opportunity."
Pushing for additional CPP changes may be difficult for a premier that has not signed on to the deal, but Pallister says he is confident his proposals will gain traction.
"The leverage is the quality of the ideas themselves," he said. "I have no other leverage than that. These are logical and reasonable ideas and I will continue to advance them because I think that they are supported by Canadians."
video
Manitoba didn't sign on to CPP deal but wants premiers, finance minister to broaden changes - Politics - CBC News
"We have a consensus that the plan should be made better for millennials in 30 years. Great, that's fine. Except that if we are going to stop there, I think we are missing a real opportunity," Pallister said.
On June 20, all of Canada's provincial finance ministers — with the exception of Manitoba and Quebec — agreed to increasing the CPP benefit over time, by about one-third once the changes are fully phased in. The provinces were asked to finalize their agreements with the federal government by July 15.
At the time, Manitoba abstained from voting for the deal. Pallister said his government was only two months old and he wanted more time to study the proposals. He also said he was concerned that the CPP agreement did not address the need for people to manage their own retirement savings.
"I guess what I'm talking about is making sure we don't lose sight of individual responsibility in the hoopla around debating the CPP augmentation here," Pallister said at the time.
Speaking to Power & Politics, Pallister said Monday while it was "indisputable" the deal would help 30- to 40-year-olds down the road, now was the time to ensure the CPP is expanded in other key areas.
"Getting a consensus around changing the CPP shouldn't be confined to just making it bigger. We should be looking to make it better as well for people who retire next year — not just in 30 years," he said.
The Manitoba premier has been calling other premiers and federal Finance Minister Bill Morneau in an attempt to convince them to support changes to the CPP's death benefit — a one-time payment of up to $2,500 that is paid to the estate of a deceased CPP contributor.
"There's no doubt that that is a valuable benefit to Canadian pensioners and it assists families at a time of need, so I would want to see that benefit indexed [to inflation]," he said.
Pallister is also seeking assurances that the CPP deal will not negatively impact the Guaranteed Income Supplement (GIS) that a pensioner receives.
Pallister says he will be pushing these ideas, and others, before the Summer Meeting of Canada's Premiers in Whitehorse, Yukon on July 20-22.
"I ... really believe that we have a chance to build on the consensus we have and should not let that pass because it isn't easy to get … seven provinces representing two-thirds of the population to agree to anything," he said. "So let's not miss this opportunity."
Pushing for additional CPP changes may be difficult for a premier that has not signed on to the deal, but Pallister says he is confident his proposals will gain traction.
"The leverage is the quality of the ideas themselves," he said. "I have no other leverage than that. These are logical and reasonable ideas and I will continue to advance them because I think that they are supported by Canadians."
video
Manitoba didn't sign on to CPP deal but wants premiers, finance minister to broaden changes - Politics - CBC News