Topaz Posted November 22, 2009 Report Posted November 22, 2009 The minister has said, he won't raise taxes, but payroll EI is increase to 2.33 for every $100.00 you make, fed spending will soon come to a dead stop and the economy isn't doing much of anything. Yes there are homes being sold a lot in TO. but I think that is the HST tax coming in July will add more to the prices and everyone is trying to beat the deadline. So my question to you all, how long will it take to pay off this deficit, which is more like 65 Billion than 50 Bil, and how will they do it? Quote
dlkenny Posted November 22, 2009 Report Posted November 22, 2009 This is a futile argument because whether you come from the Liberal side or the Conservative side, eventually money for the "stimulus program" has to come from the taxpayer. Whether it's borrow and spend or tax and spend, eventually the money comes from the same place...the taxpayer. Unfortunately it's always the taxpayer who gets hosed, because if the government runs large surpluses then that's proof that we're being overtaxed but if the government runs a balanced budget and falls short because of a crisis then they are forced to go into deficit and then have to raise taxes somewhere to pay for it. Either way it's the taxpayer who gets hosed. I also don't believe that the economy is doing nothing. It's crashing, not recovering. We have an illusion of recovery but if you look at the market recovery with respect to gold (a hard asset) instead of dollars (a variable currency) you will see that it's getting worse. Anytime you see the price of gold go up rapidly like it has recently you know that inflation is rampant. This means that it's not the values of houses or stocks or anything that's going up, but the number of dollars it takes to buy them because the dollar is becoming worth less and less. This leads to the illusion that the economy is recovering though what's really happening is the government printing more and more money with no additional assets to back that currency. I can't predict the future but I don't think this system of printing money to pay for things is sustainable. I doubt that the liberals would have been able to keep us from going into deficit during this period of economic turmoil. The deficit may not have been as deep but ultimately the taxpayer has to pay the balance, in the long run it's the same thing. Quote If you understand, no explanation necessary. If you don't understand, no explanation is possible.
charter.rights Posted November 23, 2009 Report Posted November 23, 2009 ....how will they do it? In typical Conservative style they will lose the next election, and then as opposition blame the Liberals for their mismanagement of the budget.... Quote “Safeguarding the rights of others is the most noble and beautiful end of a human being.” Kahlil Gibran “Great spirits have always encountered violent opposition from mediocre minds.” Albert Einstein
Alta4ever Posted November 23, 2009 Report Posted November 23, 2009 Whos going to beat them? Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
punked Posted November 23, 2009 Report Posted November 23, 2009 Whos going to beat them? I hear Jack is running for PM and with the way Iggy has been going might be the only other option. Quote
Alta4ever Posted November 23, 2009 Report Posted November 23, 2009 I hear Jack is running for PM and with the way Iggy has been going might be the only other option. So where is Jack going to pick up at least 100 seats? The Liberal vote hasn't collapsed, an may liberals will shift to the cpc as well, the numbers just aren't for Jack no matter how you look at it. The Best he will ever do is become the leader of the offical opposition, but even to do that he still needs to either double his seat count or have the CPC win a majority (in which they take fifteen to 20 liberal seats, and the NDP adds the same. Quote "What about the legitimacy of the democratic process, yeah, what about it?" Jack Layton and his coup against the people of Canada “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” President Ronald Reagan
msj Posted November 23, 2009 Report Posted November 23, 2009 The minister has said, he won't raise taxes, but payroll EI is increase to 2.33 for every $100.00 you make... What are you talking about? The EI rate is set at 1.73 per $100 which is the same as we have had in 2009. True, the EI maximum has gone up so, yes, for those making more than $43,200 per year in employment income will see an increase in EI premiums from the maximum of $732 for 2009 to the maximum of $747 in 2010. See the link. Quote 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
justme Posted November 24, 2009 Report Posted November 24, 2009 In typical Conservative style they will lose the next election, and then as opposition blame the Liberals for their mismanagement of the budget.... You mean the Liberals that wanted to form a coalition to defeat the Conservatives because they didn't think the Conservatives were spending enough? Quote “The one absolutely certain way of bringing this nation to ruin, of preventing all possibility of its continuing to be a nation at all, would be to permit it to become a tangle of squabbling nationalities.” –Theodore Roosevelt “The symptoms of dying civilizations are well known. The death of faith; the degeneration of morals; contempt for the old values; collapse of the culture; paralysis of the will, but the two certain symptoms that a civilization has begun to die are a declining population and foreign invasions no longer resisted.” – Patrick J. Buchanan "Liberalism is the ideology of Western suicide. Its ideas pursued to their logical end will prove fatal to the West." -- James Burnham
wyly Posted November 24, 2009 Report Posted November 24, 2009 (edited) The minister has said, he won't raise taxes, but payroll EI is increase to 2.33 for every $100.00 you make, fed spending will soon come to a dead stop and the economy isn't doing much of anything. Yes there are homes being sold a lot in TO. but I think that is the HST tax coming in July will add more to the prices and everyone is trying to beat the deadline. So my question to you all, how long will it take to pay off this deficit, which is more like 65 Billion than 50 Bil, and how will they do it? how will they do it?...you mean "How will WE do it"...like we always do, taxes...political parties cause deficits they don't solve them, taxpayers do... and then political parties take credit for that... Edited November 24, 2009 by wyly Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
madmax Posted November 24, 2009 Report Posted November 24, 2009 Conservative governments are known for deficits. Quote
dlkenny Posted November 24, 2009 Report Posted November 24, 2009 Conservative governments are known for deficits. Right, because they don't believe in overtaxation. It backfires though because those same taxpayers have to pay the deficit. Six of one, half dozen of the other... Quote If you understand, no explanation necessary. If you don't understand, no explanation is possible.
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