capricorn Posted March 10, 2011 Report Posted March 10, 2011 The TD Bank says Ottawa will likely have a big surprise when it tables its budget on March 22.It estimates the federal government is in position to post a $14 billion improvement in its deficit position over two years. The analysis says Ottawa's deficit for the fiscal year ending at the end of March will come in at $39.5 billion, or $5.9 billion better than the government said in the fall financial update. The big surprise is that the outlook gets better for the upcoming fiscal year. TD says unless Finance Minister Jim Flaherty unexpectedly introduces major new spending, the deficit for the 2011-12 financial year will shrink to $21.7 billion, or $8.1 billion below the official fall projection. http://www.winnipegfreepress.com/canada/breakingnews/ottawa-deficit-position-14-billion-better-than-expected-td-bank-says-117733078.html Canada's future budget deficits may be smaller than anticipated, a major bank said on Thursday, which would give the government more scope to include measures demanded by opposition parties and avoid an election.The minority Conservative government will present its budget on March 22 and many observers are betting the three opposition parties will unite to bring down the government in Parliament over the plan and force an election. "With the higher-than-expected economic growth numbers for 2010 and 2011, the government appears to have more wiggle room to listen to the demands being made," economists Derek Burleton and Sonya Gulati at Toronto-Dominion Bank (TD.TO) unit TD Securities wrote in a special report on the upcoming budget. After a decade of budget surpluses, Ottawa sank into the red during the global financial crisis due in part to a massive spending plan to designed soften the recession's blow on Canadians. After a record C$55.6 billion ($57.3 billion) deficit in the 2009-10 fiscal year, the government aims to eke out a small surplus by 2015 by restraining spending, even as it cuts corporate taxes further. It sees a deficit for 2010-11 of C$39.5 billion, compared with the government's estimate of C$45.4 billion. It predicts a surplus of C$7.1 billion by 2015-16 versus Ottawa's C$2.6 billion surplus forecast. -- The biggest risk in Ottawa's budget balancing plan is its rather ambitious promise to limit annual spending growth to 1.1 percent through 2015-16, TD said. "Such a feat would represent one of the most prolonged periods of federal fiscal restraint in the post-war era and coincides with a time when age-related spending pressures are intensifying," it said. http://www.reuters.com/article/2011/03/10/canada-budget-td-idUSN1012240820110310 Good indicators if your main priority is fixing the economy. Will Canadians opt to stay the course by rejecting a change of Government come the next election? Or will the Opposition beating the drum on ethics overtake concerns over the economy? The ballot question is taking shape and the choices are rather clear. Quote "We always want the best man to win an election. Unfortunately, he never runs." Will Rogers
eyeball Posted March 10, 2011 Report Posted March 10, 2011 Good indicators if your main priority is fixing the economy. Will Canadians opt to stay the course by rejecting a change of Government come the next election? Or will the Opposition beating the drum on ethics overtake concerns over the economy? The ballot question is taking shape and the choices are rather clear. I'd say the choices are rather opaque actually, so did the TD. To make this goal more credible, Finance Minister Jim Flaherty needs to provide more details on how he plans to achieve it, TD said There's the rub. What possessed you chopped that last sentence off anyway? Quote A government without public oversight is like a nuclear plant without lead shielding.
capricorn Posted March 11, 2011 Author Report Posted March 11, 2011 I'd say the choices are rather opaque actually, so did the TD. You say they're opaque, I say the choices are shaping up. TD made no pronouncement on the ethics question as a ballot choice. That's an opinion I formulated after reading the media article. There's the rub. Of course it is. What possessed you chopped that last sentence off anyway? Hey, it's my post and I can quote what I want to quote. Come to think of it, it's one way to gauge whether posters read the links. Quote "We always want the best man to win an election. Unfortunately, he never runs." Will Rogers
waldo Posted March 11, 2011 Report Posted March 11, 2011 There's the rub. What possessed you to chop that last sentence off anyway?Hey, it's my post and I can quote what I want to quote. whaaa! That's right... you quote the entire article... except the last sentence. Your glaring omission that (purposely) misses the money-shot summation - the omission that calls into question the credibility of the lil' leprechaun, reinforcing his lack of transparency. Gee... I wonder why you would leave that out, hey? Quote
eyeball Posted March 11, 2011 Report Posted March 11, 2011 You say they're opaque, I say the choices are shaping up. You also said they were clear. TD made no pronouncement on the ethics question as a ballot choice. That's an opinion I formulated after reading the media article. I think you formulated your opinion prematurely because it lacks the very details your own source also bemoaned. TD clearly made a pronouncement on the need for Flaherty to provide more details ie more transparency or less opacity, same thing right? Of course it is. Hey, it's my post and I can quote what I want to quote. Come to think of it, it's one way to gauge whether posters read the links. Gotchya then. Quote A government without public oversight is like a nuclear plant without lead shielding.
capricorn Posted March 11, 2011 Author Report Posted March 11, 2011 You also said they were clear. Yes I did, in the sense that IMO there will be two main issues facing voters in the next election: the economy and ethics. By all accounts, these are shaping up to be the ballot issues. I think you formulated your opinion prematurely because it lacks the very details your own source also bemoaned. Maybe so. My spouse sometimes comments that I'm impulsive. TD clearly made a pronouncement on the need for Flaherty to provide more details ie more transparency or less opacity, same thing right? If it's OK with you, I wouldn't go so far as to parse TD's words. Gotchya then. Who's on first? Quote "We always want the best man to win an election. Unfortunately, he never runs." Will Rogers
eyeball Posted March 11, 2011 Report Posted March 11, 2011 If it's OK with you, I wouldn't go so far as to parse TD's words. Do as I say not as I do? How ethical. Who's on first? Who, naturally. Quote A government without public oversight is like a nuclear plant without lead shielding.
M.Dancer Posted March 11, 2011 Report Posted March 11, 2011 whaaa! That's right... you quote the entire article... except the last sentence. Canada's future budget deficits may be smaller than anticipated, a major bank said on Thursday, which would give the government more scope to include measures demanded by opposition parties and avoid an election.The minority Conservative government will present its budget on March 22 and many observers are betting the three opposition parties will unite to bring down the government in Parliament over the plan and force an election. "With the higher-than-expected economic growth numbers for 2010 and 2011, the government appears to have more wiggle room to listen to the demands being made," economists Derek Burleton and Sonya Gulati at Toronto-Dominion Bank (TD.TO) unit TD Securities wrote in a special report on the upcoming budget. After a decade of budget surpluses, Ottawa sank into the red during the global financial crisis due in part to a massive spending plan to designed soften the recession's blow on Canadians. After a record C$55.6 billion ($57.3 billion) deficit in the 2009-10 fiscal year, the government aims to eke out a small surplus by 2015 by restraining spending, even as it cuts corporate taxes further. It sees a deficit for 2010-11 of C$39.5 billion, compared with the government's estimate of C$45.4 billion. It predicts a surplus of C$7.1 billion by 2015-16 versus Ottawa's C$2.6 billion surplus forecast. -- The biggest risk in Ottawa's budget balancing plan is its rather ambitious promise to limit annual spending growth to 1.1 percent through 2015-16, TD said. "Such a feat would represent one of the most prolonged periods of federal fiscal restraint in the post-war era and coincides with a time when age-related spending pressures are intensifying," it said. OTTAWA - Finance Minister Jim Flaherty could have a big surprise in store for Canadians on March 22 — a much smaller deficit than predicted.A new analysis by the TD Bank says Ottawa's fiscal position is in much better shape than it reported last fall, thanks to a stronger economy and higher tax revenues in the second half of 2010. That means the deficit is likely to come in at $39.5 billion this fiscal year — $5.9 less than projected. As well, should the economy continue to expand as the current rate, next year's deficit — the 2011-12 fiscal year — could shrink to $21.7 billion, $8.1 billion less than projected. "The story is that the economy has been perking up lately and this is going to deliver a nice benefit to the short-term revenue performance," said Derek Burleton, TD's deputy chief economist and one of the authors of the report. If true, the numbers give the Harper government a $14-billion gift it can announce in the March 22 budget in terms of smaller deficits, or use at least a portion for election goodies. The opposition has been attempting to paint the Conservatives as incompetent for having turned a large annual surplus into the largest deficit in Canadian history in 2009, amounting to $55.6 billion. But with a $46-billion two-year stimulus package due to end March 31, and the economy last year growing about half a point higher than anticipated in last March's budget assumptions, the tide on the deficit is turning quickly. A key reason is the unexpectedly strong growth in nominal gross domestic product because of the wealth effects created by commodity exports. Nominal GDP, which directly impacts government revenues, expanded by 6.2 per cent in 2010, rather than the 4.9 per cent anticipated in last year's budget. TD Bank believes nominal growth will be 5.9 per cent this year, half-a-point higher than the budget number. Flaherty is likely to hear more about the upbeat outlook for the economy on Friday, when he meets with private sector forecasters in Toronto. Other analysts have also pointed out that the deficit is shrinking faster than projected, but none have seen the momentum pick up in the upcoming year. The most recent report by the non-partisan Parliamentary Budget Officer shows a deficit similar to the TD's for the current 2010-11 year, but still sees the upcoming year's deficit coming at just under $30 billion, as does Ottawa's official estimate. Bank of Montreal economist Douglas Porter says TD's estimates are not unreasonable, but cautioned it will prove difficult for Ottawa to shrink the deficit so quickly. "If anything, I've seen forecasts that assume an even bigger drop in the deficit," responded Burleton. The TD bank economist adds he is not predicting Flaherty will table such deficit projection, only that he can. He is assuming there is no significant new spending in the budget, he said, and that Ottawa will stick to its guns on reining in government spending. With an election possible this spring, both tasks might prove too difficult for the minority government, Burleton admits. "What this shows is the government will have more wiggle room on what it can do." The TD analysis doesn't have the government balancing the budget any earlier than the 2015-16 fiscal year Ottawa has targeted, mostly because the government has inserted stronger growth in the outgoing years than the TD thinks will happen. But both see the government returning to balance in four years, and TD forecasts lower deficits each year up to that point. Over the projection period, TD estimates Canada's overall debt will grow by $23 billion less than what the government has predicted. Doesn't look like he quoted the entire article minus the last sentence to me... I think Waldo, you too have a credibility issue. Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
capricorn Posted March 11, 2011 Author Report Posted March 11, 2011 (edited) Doesn't look like he quoted the entire article minus the last sentence to me... A second star goes out to you Dancer for having clicked on the links. (eyeball got the first.) By the the way Dancer, "she quoted..." I think Waldo, you too have a credibility issue. Waldo doesn't get a star. Waldo is seeing plenty of stars since you slapped him upside the head. Edited March 11, 2011 by capricorn Quote "We always want the best man to win an election. Unfortunately, he never runs." Will Rogers
waldo Posted March 11, 2011 Report Posted March 11, 2011 Doesn't look like he quoted the entire article minus the last sentence to me...I think Waldo, you too have a credibility issue. - considering the "he" was a "she"... - considering there are 2 links in the OP, with quotations from each... - considering member eyeball draws attention to the last of the OP's 2 links by quoting from it... - considering member eyeball's quote is the missing sentence (that the OP "conveniently" omitted) and that member eyeball asks the very pointed question, "What possessed you to chop that last sentence off anyway"... - considering I quote member eyeball's very pointed question... - considering the OP's quite fanciful, self-serving response to member eyeball... - considering you provided lengthy quotations from both of the OP's 2 provided links... and you managed to simply copy the OP's quote from the second link, intact, minus the missing last sentence... - considering the OP presumes to blindly "pile on" by offering up her own distinct slap-happy self considering all of that... just who has the credibility issue, hey Dancer/capricorn? There's the rub. What possessed you to chop that last sentence off anyway? Hey, it's my post and I can quote what I want to quote. whaaa! That's right... you quote the entire article... except the last sentence. Your glaring omission that (purposely) misses the money-shot summation - the omission that calls into question the credibility of the lil' leprechaun, reinforcing his lack of transparency. Gee... I wonder why you would leave that out, hey? Quote
M.Dancer Posted March 11, 2011 Report Posted March 11, 2011 A second star goes out to you Dancer for having clicked on the links. (eyeball got the first.) By the the way Dancer, "she quoted..." Waldo doesn't get a star. Waldo is seeing plenty of stars since you slapped him upside the head. On the intraweb, all are men unless they send me pictorial; evidence... Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
M.Dancer Posted March 11, 2011 Report Posted March 11, 2011 considering all of that... just who has the credibility issue, hey Dancer/capricorn? The party hack of course...waldo Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
capricorn Posted March 12, 2011 Author Report Posted March 12, 2011 On the intraweb, all are men unless they send me pictorial; evidence... Seeing as I'm the obliging type and I have nothing to hide... http://4.bp.blogspot.com/_TNRIFeEmSuQ/SfO3mth4w2I/AAAAAAAACCU/AE2RAPaGXMA/s400/old-hag-small1.jpg Now do you believe me? I'm also a senior, so show me some respect...<sputter> Quote "We always want the best man to win an election. Unfortunately, he never runs." Will Rogers
waldo Posted March 12, 2011 Report Posted March 12, 2011 Doesn't look like he quoted the entire article minus the last sentence to me...I think Waldo, you too have a credibility issue. - considering the "he" was a "she"... - considering there are 2 links in the OP, with quotations from each... - considering member eyeball draws attention to the last of the OP's 2 links by quoting from it... - considering member eyeball's quote is the missing sentence (that the OP "conveniently" omitted) and that member eyeball asks the very pointed question, "What possessed you to chop that last sentence off anyway"... - considering I quote member eyeball's very pointed question... - considering the OP's quite fanciful, self-serving response to member eyeball... - considering you provided lengthy quotations from both of the OP's 2 provided links... and you managed to simply copy the OP's quote from the second link, intact, minus the missing last sentence... - considering the OP presumes to blindly "pile on" by offering up her own distinct slap-happy self considering all of that... just who has the credibility issue, hey Dancer/capricorn? There's the rub. What possessed you to chop that last sentence off anyway?Hey, it's my post and I can quote what I want to quote. whaaa! That's right... you quote the entire article... except the last sentence. Your glaring omission that (purposely) misses the money-shot summation - the omission that calls into question the credibility of the lil' leprechaun, reinforcing his lack of transparency. Gee... I wonder why you would leave that out, hey? The party hack of course...waldo no problem, Dancer... I accept your unconditional surrender! Quote
Pliny Posted March 12, 2011 Report Posted March 12, 2011 no problem, Dancer... I accept your unconditional surrender! Hi! What are you doing here, w(sic)aldo? Was there some mention of global warming in the budget savings? Quote I want to be in the class that ensures the classless society remains classless.
waldo Posted March 12, 2011 Report Posted March 12, 2011 (edited) Hi! What are you doing here, w(sic)aldo? Was there some mention of global warming in the budget savings? xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (on edit: Pliny trolling will not rule the day! ) Edited March 12, 2011 by waldo Quote
Pliny Posted March 13, 2011 Report Posted March 13, 2011 (edited) xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx (on edit: Pliny trolling will not rule the day! ) Tro-ll-la-la lalala! You should know better than to talk to trolls, waldo. How you are going to tie this thread in with global warming is what I want to see? Aren't those threads on globa....er...climate change keeping you busy enough these days? We're talking about some good news here from the Harper government. Edited March 13, 2011 by Pliny Quote I want to be in the class that ensures the classless society remains classless.
waldo Posted March 13, 2011 Report Posted March 13, 2011 Tro-ll-la-la lalala!You should know better than to talk to trolls, waldo. How you are going to tie this thread in with global warming is what I want to see? Aren't those threads on globa....er...climate change keeping you busy enough these days? Pliny, I can't help you with that ever elusive trick... your trolling dog & pony show shall have to remain... trickless. But really Pliny, c'mon... are you so devoid of PlinyWisdom that you need to resort to simple trolling? And since you ask, since I've sent your sorely lacking and failed Mr. Wizard act packing, climate-change related threads have become a little less frequented by denier types overall. Y'all come back now, ya hear'? Quote
Pliny Posted March 13, 2011 Report Posted March 13, 2011 Pliny, I can't help you with that ever elusive trick... your trolling dog & pony show shall have to remain... trickless. But really Pliny, c'mon... are you so devoid of PlinyWisdom that you need to resort to simple trolling? And since you ask, since I've sent your sorely lacking and failed Mr. Wizard act packing, climate-change related threads have become a little less frequented by denier types overall. Y'all come back now, ya hear'? I notice you conveniently cut off the last sentence of my post. Harumph! Quote I want to be in the class that ensures the classless society remains classless.
waldo Posted March 13, 2011 Report Posted March 13, 2011 I notice you conveniently cut off the last sentence of my post. Harumph! no, see Pliny... I included the relative part concerning your own acknowledged trolling effort... that's what was being discussed directly. the one line I didn't include of your post was, "We're talking about some good news here from the Harper Government™.". Frankly, Pliny... I was cutting you some slack; in actuality, the, "talking about" reflects upon a bank estimate... not quite your stated, "good news from the Harper Government™". Apparently, that's what a budget is for... you know about the upcoming budget release, right Pliny? Why Pliny, one gets the impression you would relish the official role as "Baghdad Pliny", official ministerial propagandizer for the Harper Government™... are you up for it, Pliny? Your qualifications and displayed enthusiasm certainly suggest so! Harumph! Quote
Scotty Posted March 13, 2011 Report Posted March 13, 2011 On the intraweb, all are men unless they send me pictorial; evidence... Cause it's hard to find a picture of a girl to send unless you are one... Hey, want a picture of me in my thong bikini!? Quote It is an inverted moral calculus that tries to persuade the world to demonize one state that tries its civilized best to abide in a difficult time and place, and rides merrily by the examples and practices of dozens of states and leaderships that drop into brutality every day without a twinge of regret or a whisper of condemnation. - Rex Murphy
Pliny Posted March 16, 2011 Report Posted March 16, 2011 (edited) no, see Pliny... I included the relative part concerning your own acknowledged trolling effort... that's what was being discussed directly. the one line I didn't include of your post was, "We're talking about some good news here from the Harper Government™.". Frankly, Pliny... I was cutting you some slack; in actuality, the, "talking about" reflects upon a bank estimate... not quite your stated, "good news from the Harper Government™". Apparently, that's what a budget is for... you know about the upcoming budget release, right Pliny? Why Pliny, one gets the impression you would relish the official role as "Baghdad Pliny", official ministerial propagandizer for the Harper Government™... are you up for it, Pliny? Your qualifications and displayed enthusiasm certainly suggest so! Harumph! Did the bank or the Harper government present the good news to us? It wasn't the liberals, most assuredly. And I heard the mean global temperature over the last century has risen by 1.5 degrees Fahrenheit. It's a fact. Edited March 16, 2011 by Pliny Quote I want to be in the class that ensures the classless society remains classless.
Pliny Posted March 16, 2011 Report Posted March 16, 2011 Pliny, I can't help you with that ever elusive trick... your trolling dog & pony show shall have to remain... trickless. But really Pliny, c'mon... are you so devoid of PlinyWisdom that you need to resort to simple trolling? And since you ask, since I've sent your sorely lacking and failed Mr. Wizard act packing, climate-change related threads have become a little less frequented by denier types overall. Y'all come back now, ya hear'? I have an idea for a new sig for you. "Duh! Winning!" Quote I want to be in the class that ensures the classless society remains classless.
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