October 2007 monthly deficit cause for alarm?

[Argus]

I don't know that anyone has been able to say what Chretien knew or didn't know. You certainly seem convinced though.

Polls have shown Canadians are convinced. I never expected there to be actual evidence. What evidence could there have been, after all? Do you honestly think this sort of thing is written down anywhere? The only way Chretien could have been directly implicated would have been if someone turned and implicated, say, Jean Carle, who then turned and implicated Chretien. But none of his boys were ever threatened with prison so there was never any threat they would confess all and implicate the big guy.

[jdobbin]

Polls have shown Canadians are convinced. I never expected there to be actual evidence. What evidence could there have been, after all? Do you honestly think this sort of thing is written down anywhere? The only way Chretien could have been directly implicated would have been if someone turned and implicated, say, Jean Carle, who then turned and implicated Chretien. But none of his boys were ever threatened with prison so there was never any threat they would confess all and implicate the big guy.

What polls are you referring to?

[jbg]

What polls are you referring to?

There don't need to be any. In Canada a proof is a proof is a proof. Just ask Chretien.

[Michael Bluth]

There don't need to be any. In Canada a proof is a proof is a proof. Just ask Chretien.

I think certain posters here feel that need to supply proof only applies to all but the Liberal Party of Canada.

[jbg]

I think certain posters here feel that need to supply proof only applies to all but the Liberal Party of Canada.

Apparently Chretien didn't need to either.

[jdobbin]

New report today indicates that deficits may result from the tax decreases from 2007.

http://www.ctv.ca/servlet/ArticleNews/stor...0114?hub=Canada

Recently announced tax cuts could end a decade-long streak of federal surpluses if even a slight economic downturn materializes in 2008, a new report suggests.

A study released by the left-leaning Canadian Centre for Policy Alternatives on Monday says the government's October economic update does not take into account the possibility that Canada's economy will slow down.

The recent cut to the GST, in addition to reductions previously announced by the Conservative government, will cost $40.2 billion annually by the end of the 2012-2013 fiscal year, the report said.

Those reductions have "greatly eroded the fiscal capacity of the federal government," the report said.

"It turns out a mild recession -- not even a recession -- just a mild economic downturn would actually lead to the first budget deficit in over a decade," Marc Lee, the economist who authored the paper, told CTV Newsnet on Monday.

In his economic statement, Finance Minister Jim Flaherty compared the Canadian economy to the bright "North Star" and announced the GST reduction to five per cent.

"Since those tax cuts were tabled back in October, we're starting to see some signs of deterioration, particularly in the United States economy," Lee said, adding that there was a greater than 50 per cent chance the U.S. would go into recession in 2008.

While the Canadian economy has remained buoyant despite the faltering U.S., many see a downturn as inevitable.

How far Canada's economy declines could depend on how the United States' slump changes the demand for lumber, machinery and petrochemicals imported from Canada.

[cybercoma]

I much prefer when the government takes way too much money from us and we get nothing in return.

[jbg]

I much prefer when the government takes way too much money from us and we get nothing in return.

</sarcasm>?

[Topaz]

Let's not forget the 1Billion dollars that Harper gave back to the US lumber industry. That billion could have helped paid for the spending he's doing in the military.