Smallc Posted August 2, 2015 Report Posted August 2, 2015 Which means we have a gutted contingency fund. I guess we can just hope we don't have a contingency...you know, other than trying to win an election. Lets play a game here for a minute. Lets pretend that we allocated $3B to the contingency fund instead of $1B. Now, the surplus is left at $400M....fast forward to now. With a $3B contingency, we're now at a deficit of $3B, eating our contingency. We also had to find an extra $2B in the budget (since we're still spending the same amount of money and building a bigger contingency), so the deficit is now $5B. It's not only eaten through the contingency, but also into the budget itself to create a real deficit. Lets go back to the real world. A $1B contingency is eaten by a surprise $1B deficit prediction. No harm whatsoever. Quote
On Guard for Thee Posted August 2, 2015 Report Posted August 2, 2015 Lets play a game here for a minute. Lets pretend that we allocated $3B to the contingency fund instead of $1B. Now, the surplus is left at $400M....fast forward to now. With a $3B contingency, we're now at a deficit of $3B, eating our contingency. We also had to find an extra $2B in the budget (since we're still spending the same amount of money and building a bigger contingency), so the deficit is now $5B. It's not only eaten through the contingency, but also into the budget itself to create a real deficit. Lets go back to the real world. A $1B contingency is eaten by a surprise $1B deficit prediction. No harm whatsoever. That's a pretty goofy game. Sounds like Harper/Oliver type math. End of the day it's up to the government of the day if they want to maintain a rainy day fund or not. If there is some sort of emergency then we just go into deficit quicker taking care of it. But again, previous governments have had balanced budgets/surpluses without using up rainy day money. And it seems quite clear eve with that, we are once again in deficit. Quote
Smallc Posted August 2, 2015 Report Posted August 2, 2015 it seems quite clear even with that, we are once again in deficit. Apparently you haven't read the news in the last 8 months or so. Quote
On Guard for Thee Posted August 2, 2015 Report Posted August 2, 2015 Apparently you haven't read the news in the last 8 months or so. I have read it. And I also understand it. You have heard of deficit and recession no? Quote
Smallc Posted August 2, 2015 Report Posted August 2, 2015 I have read it. And I also understand it. You have heard of deficit and recession no? Did you happen to miss an event that happened in the last while? Something to do with the price of oil? The Government of Canada financial situation is actually very good considering that we're probably in recession. The last time we were in such a situation, the deficit was massive. I'm sure you can remember, as it was a Harper government deficit. Quote
On Guard for Thee Posted August 2, 2015 Report Posted August 2, 2015 Did you happen to miss an event that happened in the last while? Something to do with the price of oil? The Government of Canada financial situation is actually very good considering that we're probably in recession. The last time we were in such a situation, the deficit was massive. I'm sure you can remember, as it was a Harper government deficit. What's that, number 9 now? Quote
Smallc Posted August 2, 2015 Report Posted August 2, 2015 What's that, number 9 now? There's only one similar country with a better balance sheet at current. I don't think there's much oil in Germany though. Quote
On Guard for Thee Posted August 2, 2015 Report Posted August 2, 2015 There's only one similar country with a better balance sheet at current. I don't think there's much oil in Germany though. Maybe their rainy day fund had more in it to steal. Quote
Smallc Posted August 2, 2015 Report Posted August 2, 2015 Maybe their rainy day fund had more in it to steal. Since Canada doesn't have one, maybe. Quote
On Guard for Thee Posted August 2, 2015 Report Posted August 2, 2015 Since Canada doesn't have one, maybe. Not much of a one anymore. Don't worry, Mulcair will top it back up. Quote
Smallc Posted August 2, 2015 Report Posted August 2, 2015 Not much of a one anymore. Don't worry, Mulcair will top it back up. I'm pretty sure he understands that there isn't one. Quote
On Guard for Thee Posted August 2, 2015 Report Posted August 2, 2015 (edited) I'm pretty sure he understands that there isn't one. Apparently it's you not reading the news. http://www.huffingtonpost.ca/2015/04/21/jim-flaherty-joe-oliver-contingency-fund_n_7112660.html Edited August 2, 2015 by On Guard for Thee Quote
blueblood Posted August 2, 2015 Report Posted August 2, 2015 Not much of a one anymore. Don't worry, Mulcair will top it back up. Thats right as mulcair knows how to spend money better than ordinary canadians. Harper was elected to ensure that taxes are low. Having a large rainy day fund is called over taxation or as our friends on the left call it not funding programs enough. Ill bet the farm that if there was a large rainy day fund that the left would vilify harper for not spending it on social programs de jour while people are mired in poverty. Martin had a rainy day fund and broke it open with campaign promises and his minority govt situation. All harper can do is provide as best as an environment as possible to do business in. Doing little is the name of the game Quote "Stop the Madness!!!" - Kevin O'Leary "Money is the ultimate scorecard of life!". - Kevin O'Leary Economic Left/Right: 4.00 Social Libertarian/Authoritarian: -0.77
CITIZEN_2015 Posted August 2, 2015 Report Posted August 2, 2015 (edited) Harper met with governor General and election is called for October 19. Edited October 5, 2015 by CITIZEN_2015 Quote
Keepitsimple Posted August 2, 2015 Report Posted August 2, 2015 Enough with 10 years of deceptions and scandals and corruptions. Time for a change. What electoral result would you like to see?.........and can you point out three major "changes" you would like to see from this new government - from a policy viewpoint that will move Canada forward? In other words - what are we doing wrong now that the "new guys" will fix? Quote Back to Basics
CITIZEN_2015 Posted August 2, 2015 Report Posted August 2, 2015 (edited) d Edited October 5, 2015 by CITIZEN_2015 Quote
Vancouver King Posted August 2, 2015 Report Posted August 2, 2015 What electoral result would you like to see?.........and can you point out three major "changes" you would like to see from this new government - from a policy viewpoint that will move Canada forward? In other words - what are we doing wrong now that the "new guys" will fix? What change? That's easy - take this morning's announcement. Harper, in another cynical lie, stated the 78 day election campaign will not cost taxpayers additional cash compared to a standard 5 week period. The unnecessary extra cost can only be estimated to the nearest $100 million. "What are we doing wrong?" Squandering public funds and lying about it comes to mind. Quote When the people have no tyrant, their public opinion becomes one. ...... Lord Lytton
Keepitsimple Posted August 2, 2015 Report Posted August 2, 2015 What change? That's easy - take this morning's announcement. Harper, in another cynical lie, stated the 78 day election campaign will not cost taxpayers additional cash compared to a standard 5 week period. The unnecessary extra cost can only be estimated to the nearest $100 million. "What are we doing wrong?" Squandering public funds and lying about it comes to mind. Naivitee. Every party will be accused of that and it will never change! The biggest, fattest, most disgusting example of REAL squandering and lies is the McGuinty/Wynne government right here in Ontario. Quote Back to Basics
Vancouver King Posted August 2, 2015 Report Posted August 2, 2015 Naivitee. Every party will be accused of that and it will never change! The biggest, fattest, most disgusting example of REAL squandering and lies is the McGuinty/Wynne government right here in Ontario. Oh, so you too don't believe the longest election campaign since candidates travelled by stagecoach will impact taxpayers with colossal additional charges. I thought you guys prided yourselves on fiscal responsibility. Quote When the people have no tyrant, their public opinion becomes one. ...... Lord Lytton
Vancouver King Posted August 2, 2015 Report Posted August 2, 2015 These sobering numbers should counter the thread drift of late. Hell, with the campaign formally underway, perhaps Harper supporters will see new relevance in polling results. EKOS: July 31st. NDP - 33.8 Cons- 30.1 Libs - 23.4 Grn - 6.1 Blc - 4.7 "(Conservatives) now have an economy that 76% believe is in recession and have an even gloomier outlook for the longer term future". Quote When the people have no tyrant, their public opinion becomes one. ...... Lord Lytton
CITIZEN_2015 Posted August 2, 2015 Report Posted August 2, 2015 Thanks for posting the latest EKOS poll. It is a total surprise to me that in spite of all wrongdoings, manipulations, political scandals, corruptions, undemocratic moves and now a bad economy they still have 30% of the votes!!!!! Very strange indeed. Maybe voters are not fully aware of all the wrongdoings associated with this government and the opposition is not doing a good job in conveying them. This can be the only reason for the relatively high percent support among the voters. Quote
Derek 2.0 Posted August 2, 2015 Report Posted August 2, 2015 These sobering numbers should counter the thread drift of late. Hell, with the campaign formally underway, perhaps Harper supporters will see new relevance in polling results. We do, as in the latest EKOS, Forum and Nanos polls, Tory numbers have all improved over their previous polling numbers form a week+ ago by the same polling firms......with last weeks Forum poll showing a 4-5 point jump, somewhat confirming the thought to be outlier from the Mainstreet firm...... 11 weeks out and the Tories are improving, the NDP has peaked and the Liberal are in decline........Tory supporters can live with that Quote
Vancouver King Posted August 2, 2015 Report Posted August 2, 2015 Thanks for posting the latest EKOS poll. It is a total surprise to me that in spite of all wrongdoings, manipulations, political scandals, corruptions, undemocratic moves and now a bad economy they still have 30% of the votes!!!!! Very strange indeed. Maybe voters are not fully aware of all the wrongdoings associated with this government and the opposition is not doing a good job in conveying them. This can be the only reason for the relatively high percent support among the voters. Such are the advantages of a sitting regime which cannot contain itself from reaching into public funds to further it's re-election prospects. $75 million for gov't ads glorifying Conservatives, $100 + million for unnecessary extended election campaign, $1 billion in "goodies" handed out in last 10 days, etc. etc. There is a 30% core of voters who lose no sleep over the corruption inherent in these facts. Quote When the people have no tyrant, their public opinion becomes one. ...... Lord Lytton
CITIZEN_2015 Posted August 2, 2015 Report Posted August 2, 2015 What is interesting to note is the voting intentions based on education. NDP has the highest support among the university and college educated people whereas the Cons enjoy the most votes among those with high school degrees or less!!! Very interesting and speaks a volume!!. Quote
Vancouver King Posted August 2, 2015 Report Posted August 2, 2015 What is interesting to note is the voting intentions based on education. NDP has the highest support among the university and college educated people whereas the Cons enjoy the most votes among those with high school degrees or less!!! Very interesting and speaks a volume!!. There are many room temperature IQ's among Conservative supporters - witness this forum. Quote When the people have no tyrant, their public opinion becomes one. ...... Lord Lytton
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