The economic statement for the 2020-21 fiscal year, tabled Monday, projects the largest single-year budgetary deficit since Canada began keeping track in 1966-67: $381.6 billion. That deficit is greater than total federal spending in the previous fiscal year, $375 billion, which included a $21.77 billion deficit.
I am sure it found itself in the pockets of a friendly Liberal donor. Next year's scandal.Okay Crispy Freeland, where the fuck is the other $30B?
Thanks to the SEC (sec I found out that on January 26 (filed the 25th) Mornreau borrowed $296B US dollars when our dollar was a stellar 72¢ (296÷.72=411.11) for a total of $411.1B Canadian.
I'm also aware that on March 28 2020 Scotia Bank (Filed pursuant to Rule 424(b)(2) of the SEC Registration Statement No. 333-222149)
rather the Public owned Bank of Canada was tasked with the distribution of those funds. How unfortunate for me that its impossible for me to do a FOIA enquiry as Scotia Bank isnt a Canadian Govt agency.
So where the fuck is the remaining $30B?
Not all Canadians are comfortable with justdim, Dec as is apparent with your comments and my reply. That said, we are stuck between a rock and a hard place as calling an election now would only return the doofus to power for yet another 4 more years of unaccounted for liberal spending sprees. Even if we were able to get rid of justdim, his replacement Freebird is an even worse choice for possible PM which her 'fiscal update' proved beyond a shadow of a doubt. She is a raging socialist at heart having completely embraced and championed all of the most harmful far left policies and agenda.Any bets on how much worse our "fiscal update" is going to look form our last "fiscal snapshot?" When are we going to get an actual budget? Will the "fiscal update" balance itself?
Like people who have developed their retirement plan around the expectation of winning Lotto 649, I still believe that Trudeau is pinning all of his economic hopes for Canada on some kind of IMF debt jubilee. What an unimaginable, complete fool.
It continues to amaze me how comfortable Canadians have become having someone with the fiscal (and emotional) intelligence of a kindergarten student running the country.
The really troubling part is that this thread was started 3 years before the virus even showed up in this country.I think it is time to retitle this thread to" TrudOWE has buried us in debt." And our grandchildren.
I have been concerned about this for a very long time. I fear for my grandkids future if we carry on like this. turdOWE will have our economy on par with Greece if he and his ilk are not stopped. Economics has to be taught in schools, and not by our current crop of far left teachers. There are actually people around that think moving their debt to a new credit card to get the 3 months of no interest or taking a cash advance on one CC to make the minimum payment on another CC is good fiscal management.The really troubling part is that this thread was started 3 years before the virus even showed up in this country.
We are watching the certain financial ruin and inevitable economic catastrophe of the country play out in real-time...yet all many Canadians are concerned about is when the next government relief program will be rolled out and when the next government cheque will be showing up in the mailbox. Many people are applauding the systematic destruction of our rich and prosperous resource economy and cheering on the inane, utopian "new green economy" that Trudeau is hopelessly committed to. The shame is that these people likely won't have to live and suffer through the consequence of their terrible destructive and ignorant shortsightedness.
Sure it is , keep piling on until there are no more sources available and declare bankruptcy . We are inundated with advertisements on debt consolidation and relief . There must be a market for the service .I have been concerned about this for a very long time. I fear for my grandkids future if we carry on like this. turdOWE will have our economy on par with Greece if he and his ilk are not stopped. Economics has to be taught in schools, and not by our current crop of far left teachers. There are actually people around that think moving their debt to a new credit card to get the 3 months of no interest or taking a cash advance on one CC to make the minimum payment on another CC is good fiscal management.