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Why are we running a deficit?  

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Posted (edited)
In the last quarter, the Canadian government has run a deficit for the first time in years.

wrong.

They didn't run a deficit for a quarter. A fiscal quarter is 3 months, they are reported to have run a deficit for two months.

They call it a 'quarter' because there are 12 months in a year. 12*1/4 = 3.

so there ya go.

Also, the deficit can't be 'up' if there was no deficit before, it just merely be.

maybe you were talking about the debt? if so, you would be wrong there too as the government has reduced that by 22 billion over 2 years.

Edited by White Doors

Those Dern Rednecks done outfoxed the left wing again.

~blueblood~

Posted

I'm not voting because I think it is a combination of a slower economy (Canada will probably be shown to be in a recession in a few months), poor choice in cutting taxes (income tax cuts sure look a lot better than yet another cut to the GST - oooh, look at the tax I saved on the TV I did not buy! :rolleyes: ) and typical minority government increases in spending.

If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist)

My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx

Posted
wrong.

They didn't run a deficit for a quarter. A fiscal quarter is 3 months, they are reported to have run a deficit for two months.

They call it a 'quarter' because there are 12 months in a year. 12*1/4 = 3.

so there ya go.

Also, the deficit can't be 'up' if there was no deficit before, it just merely be.

maybe you were talking about the debt? if so, you would be wrong there too as the government has reduced that by 22 billion over 2 years.

Here we go. Statistics. And damned statistics. Or is it damned... something else?

...

Posted

Why would a country give tax cuts when the country is at war? Do we know how much we are spending for equipment and military supplies?? 3X the Cons thought an election would happen and they went out and spent and now when an election could happen they ran out of money! I thought Harper's education is business but one sure can't tell by the way the manage out money.

Posted
Here we go. Statistics. And damned statistics. Or is it damned... something else?

Then it should be very easy for you to prove me wrong. lol

Those Dern Rednecks done outfoxed the left wing again.

~blueblood~

Posted
There is no chance that a Conservative government would run a deficit

:lol:

"I think it's fun watching the waldick get all excited/knickers in a knot over something." -scribblet
Posted
:lol:

I know. It's like deja vu all over again.

The neocons operate on a single principle: if you say something often enough, everyone will come to think it is true. It's because they hire the same idiots who write the advertising we all fast forward through.

You can fool some of the people all of the time, and all of the people some of the time...

Essence of Goebbels. Some of the time.

...

Posted
I know. It's like deja vu all over again.

The neocons operate on a single principle: if you say something often enough, everyone will come to think it is true. It's because they hire the same idiots who write the advertising we all fast forward through.

You can fool some of the people all of the time, and all of the people some of the time...

Essence of Goebbels. Some of the time.

Funny I find that with you and a former poster named Higgly.

You make broad pronouncements to be taken as truth. You do not bother to back up your claims and when your claims are shown to be wrong (as I did above) you simply ignore it because it does not fit into your agenda. That is the definition of an extremist.

Just because you ignore it, doesn't mean it 'goes away' and other people DO see it and DO ignore your uneducated ramblings, as it seems it is probably best to do.

Those Dern Rednecks done outfoxed the left wing again.

~blueblood~

Posted
Funny I find that with you and a former poster named Higgly.

You make broad pronouncements to be taken as truth. You do not bother to back up your claims and when your claims are shown to be wrong (as I did above) you simply ignore it because it does not fit into your agenda. That is the definition of an extremist.

Just because you ignore it, doesn't mean it 'goes away' and other people DO see it and DO ignore your uneducated ramblings, as it seems it is probably best to do.

What can I say. I'm dealing with a pink ass ding dang doo.

And thanks for ignoring my uneducated ramblings.

...

Posted
And thanks for ignoring my uneducated ramblings.

Don't waste your time thanking him. If you did that you'd have nothing to do but thank all of us who ignore you and your largely unfounded opinions. All you'd be doing with your time is thanking everyone who ignores you, and what about all the people who laugh at you? Are you going to thank them as well?

I yam what I yam - Popeye

  • 2 weeks later...
Posted (edited)

Yes, Smallc we are back in the black. It seems the record will show each quarter to be in the black. Even though minority governments typically spend more, and the Conservatives are no exception, They have managed to stay in the black. An accomplishment in itself.

Edited by Pliny

I want to be in the class that ensures the classless society remains classless.

Posted
Yes, Smallc we are back in the black. It seems the record will show each quarter to be in the black. Even though minority governments typically spend more, and the Conservatives are no exception, They have managed to stay in the black. An accomplishment in itself.

We are in the red because we just handed over billions to the folks that have billions - go to a senior on bay street and ask him how we are doing - they always answer "we are in good shape" - well what about us?

Posted
We are in the red because we just handed over billions to the folks that have billions - go to a senior on bay street and ask him how we are doing - they always answer "we are in good shape" - well what about us?

The average Canadian is doing better than they've ever done before according to MacLeans and other sources that I've seen recently. I'm not saying it has anything to do with Stephen Harper though.

Posted
The average Canadian is doing better than they've ever done before according to MacLeans and other sources that I've seen recently. I'm not saying it has anything to do with Stephen Harper though.

Well now the full picture is revealed. Jim Flaherty, a guy whom Ontarians have grown to know and trust almost as far as they can throw him, has shown that, yes folks, there was a deficit in the first two months of the quarter (hold on, ladies and germs, who reports on a two month basis?) but, in the third month of the quarter, we ripped a 1.5 billion surplus!

Holey hole in a doughnut, Baitman. Does this mean that we now have a syncopated reporting schedule? First we get a report for the first 2 months, then we get a report for the last month. Hang on folks. This just in. In the last 10 minutes of the quarter.... Or does it mean that we are heading for an election?

"Steven Haper is a stand up guy" (quote from a recent Conservative Party TV ad).

...

Posted
Well now the full picture is revealed. Jim Flaherty, a guy whom Ontarians have grown to know and trust almost as far as they can throw him, has shown that, yes folks, there was a deficit in the first two months of the quarter (hold on, ladies and germs, who reports on a two month basis?) but, in the third month of the quarter, we ripped a 1.5 billion surplus!

Holey hole in a doughnut, Baitman. Does this mean that we now have a syncopated reporting schedule? First we get a report for the first 2 months, then we get a report for the last month. Hang on folks. This just in. In the last 10 minutes of the quarter.... Or does it mean that we are heading for an election?

"Steven Haper is a stand up guy" (quote from a recent Conservative Party TV ad).

I wonder why it was so important for you to bring up the first two month report then?

Can't anyone find out how they are doing every month?

I want to be in the class that ensures the classless society remains classless.

Posted
Well now the full picture is revealed. Jim Flaherty, a guy whom Ontarians have grown to know and trust almost as far as they can throw him, has shown that, yes folks, there was a deficit in the first two months of the quarter (hold on, ladies and germs, who reports on a two month basis?) but, in the third month of the quarter, we ripped a 1.5 billion surplus!

Holey hole in a doughnut, Baitman. Does this mean that we now have a syncopated reporting schedule? First we get a report for the first 2 months, then we get a report for the last month. Hang on folks. This just in. In the last 10 minutes of the quarter.... Or does it mean that we are heading for an election?

"Steven Haper is a stand up guy" (quote from a recent Conservative Party TV ad).

Well, isn't that typical, a Conservative bringing us back to a deficit. So, what else is new?

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