CPCFTW
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Canada deficit shrinks more than anticipated
CPCFTW replied to CPCFTW's topic in Federal Politics in Canada
I don't support spending at any time. The fact is that it is politically impossible to cut spending with a minority government. Harper spent to maintain power. The deficit arose from revenue decreasing due to the recession. Budget 2012 is the first time we can truly see how fiscally conservative Harper is. Judging by his speech in Davos, I think we'll see some big cuts and big outrage from the opposition. Should be coming soon!! -
Canada deficit shrinks more than anticipated
CPCFTW replied to CPCFTW's topic in Federal Politics in Canada
My bad. Misread the chart. The point is that GDP decreased that year and government spending is sticky. -
Root of the problem: too many people, not enough resources.
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Makes sense. Why squirrel away for retirement when the government will do it for you?
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Canada deficit shrinks more than anticipated
CPCFTW replied to CPCFTW's topic in Federal Politics in Canada
Actually it was "squandered" by the global recession. I think you need to try my math exercise too! -
Canada deficit shrinks more than anticipated
CPCFTW replied to CPCFTW's topic in Federal Politics in Canada
My bad. FWIW I think that the bars should be eliminated completely as the deficit in dollar terms is irrelevant. The chart still doesn't show anything but that gdp dropped during a recession when Harper came to power. Surely you can't blame Harper for that. Have a go at my math exercise that I posted above. -
So are the McGuinty Liberals mean-spirited Neo Cons?
CPCFTW replied to Boges's topic in Provincial Politics in Canada
Thank you for your "sacrifice" unions. -
Sorry I don't have any lies and conspiracy theories to add to this thread for now. Besides, you're doing more than enough of that on your own!
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Canada deficit shrinks more than anticipated
CPCFTW replied to CPCFTW's topic in Federal Politics in Canada
Hard to argue with a chart of lies. Are you disputing that GDP dropped from 1250B to close to 900B during the recent recession (during which Canadians gave Harper increasingly more votes)? Here's a math exercise for you: You have fixed expenditures of $200B, and tax receipts are approximately equal to 0.2x GDP. Your GDP is $1250. Now what is your tax revenue and budget deficit? Your GDP is $925. Now what is your tax revenue and budget deficit? -
Canada deficit shrinks more than anticipated
CPCFTW replied to CPCFTW's topic in Federal Politics in Canada
What does a chart showing the recent propensity of Canadians to elect conservative governments during economic downturns have to do with this thread? Furthermore, the deficit was not -10% of GDP in 2009-2010. Where do you find these charts? http://www.cbc.ca/news/canada/story/2010/10/12/flaherty-fiscal-update.html Deficit = $55.6B http://www.ic.gc.ca/eic/site/cis-sic.nsf/eng/h_00013.html GDP = $925B Does -55/925 = -10% in hippyland? Furthermore, my own reference in the OP states the following: I don't know what to trust, the government of Canada figures, the TD economist figures, or waldo's random chart posted on MLW!! -
Canada deficit shrinks more than anticipated
CPCFTW replied to CPCFTW's topic in Federal Politics in Canada
Was this the same thread that referenced the fact that the finance minister has been closer to the correct numbers than the PBO? You just can't give any credit where it's due. It all must be lies and a conspiracy against you! -
http://online.wsj.com/article/BT-CO-20120127-711601.html For comparison, see this article from last year: http://invadecanada.us/news/2011/05/27/canadas-2010-2011-budget-deficit-narrows/ Coles notes: 2010-2011E deficit: $40.5B 2010-2011A deficit: $34.4B 2011-2012E deficit: $31.0B 2011-2012A deficit: $17.3B (after 8 months...analysts now forecast $27B) The deficit will be long gone by the time Harper is up for re-election. In fact, with the talk out of Ottawa being that cuts will be at least 5%, we may even see the deficit gone this FY!! All hail king Harper!!!!
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Haha keep digging WWWTT! :lol:
