Trudeau Is Going To Bury Us In Debt

White_Unifier

White_Unifier

Senate Member
Feb 21, 2017
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Cannuck said:
No, you can’t. That’s the point. Since Republicans and many Conservative Party supporters have abandoned fiscal responsibility as a main tenet, they have given away any credibility their parties have when they criticize Liberals, Dippers or Democrats.
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In the short term, it is quite possible to grow an economy on credit. The problem is that it's not sustainable in the long run and it's now catching up to us.
 
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Hoid

Hall of Fame Member
Oct 15, 2017
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If you really want to see how badly the US economy is doing just figure out the numbers without the tariffs in place.
 
Twin_Moose

Twin_Moose

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If you want to see how bad the Canadian economy is look below

Bank of Canada interest rate decision faces economy’s ‘perfect storm’

Is Canada’s economy on the verge of slipping into a recession?
It’s a question some analysts are asking after another release of less-than-impressive statistics last week.
The latest bit of evidence came Friday, when Statistics Canada announced the Canadian economy grew by a paltry 0.1 per cent in the fourth quarter. That was the slowest growth in two and a half years.
Lower prices for oil, a slump in real estate prompted by tighter mortgage rules and slower business spending are some of the culprits for the slowdown cited by Statistics Canada. As a result, most experts expect the Bank of Canada to leave its key overnight lending rate unchanged Wednesday at 1.75 per cent.
“There is no denying that Canada is facing a perfect storm at present,” said TD senior economist Brian DePratto in a report analyzing the new data.
“A more intense-than-expected moderation of economic growth came just as North American commodity markets sent Canadian heavy oil prices lower, resulting in an additional near-term growth shock as producers curtailed output,” DePratto added. “All of this is taking place against a backdrop of still highly levered households facing rising borrowing costs for the first time in a generation.”
Of just as much concern, said CIBC’s Ian Pollick, is that consumer spending — which has helped save the economic day in the past — has also taken a hit.
“While growth was fully expected to slow, some of the details made even the most pessimistic forecaster take notice. ... Canada just posted its worst household consumption numbers since 2015,” Pollick said in a research note.
For a third straight quarter, business spending also fell, this time by 10.9 per cent. That’s hardly reassuring, either, said Benjamin Reitzes, an interest rate strategist at BMO.
“The (Bank of Canada) banking on investment and exports taking the growth reins, but that’s hardly been the case,” said Reitzes, who, like most analysts, expects the bank to leave the overnight lending rate unchanged Wednesday.
“Given the weaker growth backdrop, with the trade and housing uncertainties unlikely to be resolved, we look for the (bank) to be on hold through most of this year,” Reitzes wrote.
The Bank of Canada has raised the rate four times in the last year and a half, with the most recent rise coming in October.
In 2018, the Canadian economy grew by 1.8 per cent, a significant slowdown from the 3 per cent growth in 2017. According to a Bloomberg survey of economists, Canada’s economy is expected to grow by 1.8 per cent in 2019, with a 20 per cent chance of a recession.
Still, despite the steady drip of so-so economic data, we’re unlikely to experience a deep or prolonged recession, suggested TD’s DePratto. That’s due at least in part to the fact that the U.S. economy is still (relatively) humming along. DePratto believes Canada could have a “technical” recession, or two straight quarters where the economy shrinks.
“There are marked differences between a slump, a technical recession, and a true recession,” DePratto wrote. A “true” recession, DePratto wrote, is deeper and more widespread throughout the economy than a technical one.
As an example of a “true” recession, DePratto noted the recession sparked by the 2008 financial crisis. Unemployment rose by 2.5 per cent, across the country in a variety of sectors. In 2015’s “technical” recession, unemployment rose by just half a percentage point, and was mostly driven by a slump in the oil and gas industry
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spilledthebeer

Executive Branch Member
Jan 26, 2017
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Curious Cdn said:
Riiiiiight.

Stupid Yank.
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POOR Curious!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


He has not noticed that his posts are proving that some

Cdns are much less intelligent .................................
than some Yankees!!!!!!!!!!!!!!!!!!!!!!!!!!


HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
HA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
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spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
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Hoid said:
If you really want to see how badly the US economy is doing just figure out the numbers without the tariffs in place.
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POOR STUPID HOID!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


STILL Frantically peddling his FAKE NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


In recent years- Yankees have run up HUGE DEBTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


but on a per capita basis THEY ARE STILL LESS INDEBTED than Canadians!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Thank you LIE-berals for BURYING US IN DEBT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 
Decapoda

Decapoda

Council Member
Mar 4, 2016
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Morning Brief: Shoes, skills and shuffles

His budget day shoes, he explained, are the same pair he wore to unveil the 2016 budget and he has had them spruced up by a Toronto cobbler who underwent skills training to shift from the retail sector.

Speaking at a Kiwanis boys and girls club in that city, Morneau says he had his shoes fixed up by a female cobbler who left her previous work to start her own business.

Does he mean one of those unethical, tax evading small business owners who "abuse small business tax rules to avoid paying their fair share of income tax?" Does he mean those one of those small business owners?? Given what Trudeau and company think about small business owners, it's surprising that Liberals would associate with such scum. I guess after SNC, all bets are off.

On a side note, maybe Morneau should have picked out a pair of floppy clown shoes, or maybe came in juggling a couple pairs of flaming shoes...to help with the diversion and smokescreen from tomorrow's real story, the cover-up of the House Justice Committee's decision to end the SNC Lavalin probe without any further testimony, a process which will be "in camera",which muzzles anyone on the committee from reporting anything that comes from the meeting.
 
Twin_Moose

Twin_Moose

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While Trudeau is piling on the debt for Canada Sask. is about to announce this

'We are back in black': Sask. finance minister picks black budget shoes

They were not worn out, fixed up or hand-me-downs. Instead, Saskatchewan Minister of Finance Donna Harpauer chose a new pair of black flats as her budget day shoes.
"We have tightened our belts. We are back in the black. We have a slight surplus. It's the right balance to go the extra mile," said Harpauer on Monday.
"[The shoes] are not pinching at all," Harpauer said with a laugh.
She will deliver her second budget as finance minister on Wednesday afternoon.
The government is calling its 2019-20 budget The Right Balance.
Harpauer told reporters they would find out what exactly that means "in two sleeps".
Last spring, the Humboldt Broncos bus crash of April 6 came just four days before Harpauer, the MLA for Humboldt, delivered her first budget. She cancelled the shoe ritual.
She said this year's budget does not have a "shadow hanging over it," and she's proud to deliver it on behalf of the government.
The government's last financial update forecasted a $348-million deficit. Budget year 2019-2020 is the final year of a three-year, back-to-balance promise from this government.
It announced a $1.2-billion deficit in 2017-18.
NDP critic brings a level
NDP finance critic Trent Wotherspoon showed up to his pre-budget media scrum with a prop of his own: a level.
"We're going to be scrutinizing this budget line by line making sure that the Sask. party government is on the level with Saskatchewan people when they are calling this budget a so-called balance," Wotherspoon said.
He said it can't be a balanced budget if Crown corporation debt increases.
"This is a government that failed to get the job done during the best days. Failed to save a dime, squandered a historic opportunity and has left the Saskatchewan people and the economy it should be counting on vulnerable and weakened," Wotherspoon said.
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Twin_Moose

Twin_Moose

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For how long? Do you think they will be able to follow Clark's blueprint on the economy? I'll be surprised if their 2019 budget won't be a deficit
 
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Hoid

Hall of Fame Member
Oct 15, 2017
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You can never tell how long a government will last in BC.

This one will remain in place for enough time to undo at least some of the damage done by the BC Libs.

Healthcare,education, housing, ferries are all on life support.
 
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spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
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Hoid said:
You can never tell how long a government will last in BC.

This one will remain in place for enough time to undo at least some of the damage done by the BC Libs.

Healthcare,education, housing, ferries are all on life support.
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Oh Hoid!!!!!!!!!!!!!!!!!!!!!!!



Do you REALLY THINK that NDPers will fix anything in B.C.???????????????????????????????


Surely you are not so STUPID as to think that the NDP- the less intelligent cousins of LIE-berals - could actually REPAIR ANYTHING??????????????????????????????


Just look at the MESS in Alberta!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


The Notley govt treated the oil patch like an ever flowing cash cow and ran up HUGE DEBTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Even as Our idiot Boy Justin was elected....................in part because of promise to the environmentalists "TO SHUT DOWN THE ALBERTA OIL PATCH"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And Knucklehead Notley went ahead anyway with that wild spending!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


And now the Alberta economy is withering away thanks to that combination of LIE-beral and NDP INSANITY!!!!!!!!!!!!!!!!!!!!!!
 
Twin_Moose

Twin_Moose

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Hoid said:
You can never tell how long a government will last in BC.
This one will remain in place for enough time to undo at least some of the damage done by the BC Libs.
Healthcare,education, housing, ferries are all on life support.
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Like I said I'll be surprised if there isn't a sizable deficit in the 2019 budget
 
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