Ignatieff to talk tax hikes, cost-cutting to kill deficit

[Sir Bandelot]

Tax hikes? Just the thought of it makes me :angry:

Thats all we consumers need.

Ignatieff might as well slit his own throat now, to save everybody some time.

[jdobbin]

Tax hikes? Just the thought of it makes me :angry:

So do deficits.

Perhaps we will have some real ideas on ending it instead of ones that depend on the same roller coaster growth in corporate receipts that ended with the popping of the bubble.

With the dollar forecast to go to parity again, we are likely to see our trade deficit balloon as well.

[Triple M]

This is where I think the Government is heading

The Budget of 2011 will not contain the stimulus spending which makes up the majority of the deficit.

Also over those years some programs will come to an end

And finally they are expecting that revenue will return in a few years once the economy bounces back.

As someone else has mentioned "reduce growth" in some programs while in others such as transfers wont be touched. Which would be a very positive thing imo three is no need to make the same mistakes twice in downloading on to the Provinces.

Not in the current climate but in a few years I would suggest a temporary increase in the GST. Maybe in a year or 2, which might lead to stimulus in the economy where people will spending before they are hit with the higher taxes especially on high end products.

If these assumtions are correct and there is no guarantee they are then we might have a shorter deficit then we expect. However, it depends on how much/how quick the economy bounces back and whether the Government will be able to make the tough decisions on taxes/spending cuts.

[jdobbin]

If these assumtions are correct and there is no guarantee they are then we might have a shorter deficit then we expect. However, it depends on how much/how quick the economy bounces back and whether the Government will be able to make the tough decisions on taxes/spending cuts.

You won't hear about taxes from Harper.

http://www.google.com/hostednews/canadianp...5IFTlnh2gtftPPQ

Economist Dale Orr released a report Friday calling the government's plan "unrealistic." He said the Conservatives simply can't responsibly meet their 2015-16 target without raising taxes.

Orr proposes temporarily restoring the GST - which the Tories cut by two percentage points - to seven per cent until the budget is balanced again.

[punked]

You won't hear about taxes from Harper.

http://www.google.com/hostednews/canadianp...5IFTlnh2gtftPPQ

Dale Orr's Global Insight Canada have done a really poor job predicting what would happen with jobs numbers, and stimulus spending. I don't think they have that much creditability right now hate to say but the government has more on these economic issues creating 3 times the number of jobs which were predicted.

[Shakeyhands]

You won't hear about taxes from Harper.

http://www.google.com/hostednews/canadianp...5IFTlnh2gtftPPQ

$56B and counting... after no deficit and no recession talk... these guys CANNOT be trusted.

I'll eat my hat if they can do this by "controlling spending" which, lets admit, is just another way of saying cuts to programs.

The whole bunch of them, liars that would say anything and expect us to trust them.

[Jerry J. Fortin]

The debt and deficit issue is one that concern all citizens. Harper saying that rising revenues will cover expenditures is a very misleading statement as it does not address the immediate issue of deficit and fails to deal with the even more pressing issue of debt.

[Topaz]

I've heard certain Tories talk about how they will get rid of the deficit, especially Flaherty. I think the plan is to rise EI premuims from 1.77 for every $100.00 made to 2.33 and this will bring in 19BILLION. They are planning cuts to programs which he hasn't said which ones. Iggy has said while there is a recession , the Libs. WILL NOT rise taxes and this is only common sense, no party is that stupid! As far as I can see, until most of those 1.6 unemployed find reasonable paying jobs, the Tories can't really plan anything. Also, Iggy said that the would make Page's job, independant from the government.

[Triple M]

You won't hear about taxes from Harper.

http://www.google.com/hostednews/canadianp...5IFTlnh2gtftPPQ

Like when we weren't going to hear about deficit from him. Sorry just because he doesn't say it now doesn't mean in a year or 2 it wont be a topic of discussion.

[Shady]

Flaherty has already said that if cuts are necessary, they will come in the form of "reduced growth" where instead of a department getting 3% more than last year, they might get 1%

Exactly. Just slowing the rate of growth will produce significant results.

[jdobbin]

Exactly. Just slowing the rate of growth will produce significant results.

Harper has shown no indication of slowing spending since he got in office so it is hard to see how he is going to end the deficit anytime soon. He really can't expect explosive growth to help bring in oodles of cash since no one including himself wants a bubble created again.

If Harper is not going to raise taxes and he won't cut transfer payments, he will have to make sone significant cuts elsewhere.

[Keepitsimple]

Harper has shown no indication of slowing spending since he got in office so it is hard to see how he is going to end the deficit anytime soon.

Necessity is the mother of invention. It's called doing what needs to be done.......if he didn't/doesn't get us out of the recession in good shape compared to other countries - he'll pay at the polls. If he doesn't effectively handle the deficit...he'll pay at the polls. Canadians always have the last word. Sorry Dobbin, you'll have to wait for an election to cast your vote - but indeed, you'll get that chance.

[jdobbin]

Necessity is the mother of invention. It's called doing what needs to be done.......if he didn't/doesn't get us out of the recession in good shape compared to other countries - he'll pay at the polls. If he doesn't effectively handle the deficit...he'll pay at the polls. Canadians always have the last word. Sorry Dobbin, you'll have to wait for an election to cast your vote - but indeed, you'll get that chance.

My guess is that he if he wins an election, taxes will go up. And some here will think he is brilliant for it.

[Wild Bill]

My guess is that he if he wins an election, taxes will go up. And some here will think he is brilliant for it.

Then are you saying that if we vote for Ignatieff taxes WON'T go up?

[Shady]

let's have some details.

Says the person who's party doesn't have anything remotely close to a platform!

Details come during campaigns and elections.

With the dollar forecast to go to parity again, we are likely to see our trade deficit balloon as well.

It's going to be difficult to keep the dollar from parity the way Obama is destroying the value of the American dollar.

[Smallc]

The Canadian dollar and gold are going to rise big time. We're recovering and we're going to have a tough decision when it comes to interest rates. This really won't be good for us.

Oh, and nice of you to display your ODS.

Edited October 10, 2009 by Smallc

[jdobbin]

Then are you saying that if we vote for Ignatieff taxes WON'T go up?

I'm saying that anyone who says they won't go up is lying or is prepared to let the deficit rise or is waiting to reveal a major cut in programs. Take your pick. I don't think we are coming out of this by wishing on cotton candy.

[Smallc]

You don't have to raise taxes of cut spending if you don't plan to eliminate the deficit immediately. If it's done over 5 years with very little increase in spending along with economic growth, the problem will fix itself.

[jdobbin]

Says the person who's party doesn't have anything remotely close to a platform!

Details come during campaigns and elections.

Think Kim Campbell said elections are no time to be dicussing policy. I bet we hear no taxes from Harper right up to the time that he raises taxes. He should be pressed on this.

Indeed, Ignatieff should be pressed on the subject.

It's going to be difficult to keep the dollar from parity the way Obama is destroying the value of the American dollar.

And so it will go with Canada's manufacturing. What is the plan to stop this as it is happening now, not in an election.

[Shady]

Think Kim Campbell said

I really could care less about Kim Campbell, what she might have said 15 years ago, or what she did 15 years ago.

Indeed, Ignatieff should be pressed on the subject.

Indeed.

Ignatieff promises new cuts, new spending, but no details

The Liberal leader said his party would cut government expenditures in a bid to rebalance the budget. But he offered no specifics about possible cuts

Link

And so it will go with Canada's manufacturing. What is the plan to stop this as it is happening now, not in an election.

If the American government is crippling it's own currency, there isn't much we can do to weaken ours, unless we want to follow their lead. But I know how concerned you are about spending, deficits and debt. Right?

[jdobbin]

I really could care less about Kim Campbell, what she might have said 15 years ago, or what she did 15 years ago.

But you and others seem to care what Trudeau said in great detail even though it goes further back.

If the American government is crippling it's own currency, there isn't much we can do to weaken ours, unless we want to follow their lead. But I know how concerned you are about spending, deficits and debt. Right?

There are a few things we do with currency and they don't have anything to do with crippling the economy. We certainly know manufacturing will be crippled if the government doesn't get a handle on it.

Tory spending was out of control even before the recession hit. It is hard to see how they are going to control that habit since they faced very little pressure to break their spending limit promise in their budgets.

[Shakeyhands]

Says the person who's party doesn't have anything remotely close to a platform!

Details come during campaigns and elections.

as do Platforms, in fact some come right in the last few days of an election.