Well, today is the Liberal/NDP Non-Coalition Coalition Budget Day!

bob the dog

Council Member
Aug 14, 2020
1,912
1,305
113
Couldn't find the thread with recent postal work stoppage news but am thinking now they almost have the balance they are looking for with 1/3 less employees on a rotating picket line. Eventually the Union will figure it out. Most important is the Union reps continue to be paid in full. It's a dying job so may as well milk it for what you can get is what I see.
 
  • Like
Reactions: Ron in Regina

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
30,346
11,182
113
Regina, Saskatchewan

spaminator

Hall of Fame Member
Oct 26, 2009
39,398
3,646
113
  • Like
Reactions: Ron in Regina

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
30,346
11,182
113
Regina, Saskatchewan
Couldn't find the thread with recent postal work stoppage news but am thinking now they almost have the balance they are looking for with 1/3 less employees on a rotating picket line. Eventually the Union will figure it out. Most important is the Union reps continue to be paid in full. It's a dying job so may as well milk it for what you can get is what I see.
Sad but true…anyway…
1762293474945.jpeg
1762293492930.jpeg
Elbows elbowing. The Liberal government’s budget, unveiled Tuesday after months of delay, forecasts a $78.3-billion deficit for fiscal 2025-26, the third highest (all three from Liberal Governments) in Canadian history and the highest ever in a non-pandemic year. The projected deficit is within the range of non-government estimates from recent months…which isn’t great.
The budget also revealed new government forecasts that call for modest dips in Canada’s annual deficits over the next four years, but a new $320-billion mountain of debt that will be added to the national balance sheet before the end of the decade on top of a decade of Trudeau.
1762293687596.jpeg
Finance Minister François-Philippe Champagne said this budget marked a “generational investment” so that Canada could supercharge its economy (Which means literally nothing). The deficit forecasts, he said, are “in the range people expected.” (???) What people?
Overall, Ottawa has now accumulated 1.27-trillion in debt, almost half of it within the last five years. With Tuesday’s deficit forecast for this year, the federal government is now on track to have amassed $593.1-billion in debt over the last five years, or 46.7 per cent of the total debt from throughout Canadian history. More than half of that debt, or $327.7-billion of it, can be traced back to the fiscal year 2020-21 that included the start of the pandemic and the various policies that followed.

Canada’s debt will cost taxpayers an estimated $53.4-billion this year in interest payments. Those interest costs are expected to climb to $76.1-billion by the end of the decade as the government expects it will add to the national debt by about 25 per cent over that period.

Tuesday’s budget also formalized the government’s move to begin separating day-to-day operational spending and capital investments, those expenditures geared more towards boosting long-term growth. 🤔 Carney has said that this budgeting change will make it easier to distinguish between regular spending on services and “investments.”😉

Critics, however, say the move was designed to allow the government to claim that it has balanced the operational side of its books within three years, with the focus no longer on the actual full budget.