William Ashley Posted November 8, 2011 Report Share Posted November 8, 2011 (edited) I bet he blames greece too, yeah blame depending on totally undependeable segments to base your economy on, that is a recipe for disaster http://www.businessweek.com/news/2011-11-08/flaherty-delays-canada-s-return-to-fiscal-balance-to-2015.html Edited November 8, 2011 by William Ashley Quote Link to comment Share on other sites More sharing options...
Topaz Posted November 9, 2011 Report Share Posted November 9, 2011 It seems since all these "free" trade agreements have been happenings that the global economies aren't doing so well. I suppose creating war is very costly to most of the countries, something Canada hasn't had to spend a lot of our money on and perhaps that's a good thing as far as being in debt way over our heads like other countries. Still, we have millions of people out of work and they are now on welfare or EI. One reporter said he figured out 7 years of deficit, will take 18 years to pay it off. Harper has been giving all these tax cuts to the businesses, yet business isn't supporting Harper in creating jobs and until the Feds get more money coming in than going out we are in trouble, now will someone tell that to the minister. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 9, 2011 Report Share Posted November 9, 2011 Conservative policy is great. Cut social programs and taxes, but spend a crapload more money than those social programs cost on the military and prisons. Quote Link to comment Share on other sites More sharing options...
Shwa Posted November 9, 2011 Report Share Posted November 9, 2011 Conservative policy is great. Cut social programs and taxes, but spend a crapload more money than those social programs cost on the military and prisons. And somehow end up with a bigger bureaucracy... Quote Link to comment Share on other sites More sharing options...
Smallc Posted November 9, 2011 Report Share Posted November 9, 2011 Conservative policy is great. Cut social programs and taxes, but spend a crapload more money than those social programs cost on the military and prisons. It isn't the job of the federal government to be administering social programs in most cases. Most of those are the domain of the provinces. Things like EI and CPP as well as OAS/GIS come as a result of national agreements. The same is true of things like the Canada Health Act, something that is jointly funded. Quote Link to comment Share on other sites More sharing options...
Battletoads Posted November 9, 2011 Report Share Posted November 9, 2011 The Cons, a steady hand on the tiller... that's steering us right into the rocks. Quote Link to comment Share on other sites More sharing options...
E James Posted November 9, 2011 Report Share Posted November 9, 2011 I think it is pretty safe to say that most of us saw this one coming. What I do find interesting is how exact the Conservatives are playing this numbers game. Budgets are a tricky beast and we know for a fact that uncertainty through-out markets all over the world have an affect on our economy and the budget. When I hear that the Finance Minister is now able to predict using this new information from Greece and Italy that we need to go back to the original forecast for cutting the deficit I find it interesting that we are talking about a year here. Pushing the start date for a balanced budget is what Conservatives in Canada have done best for decades. Why change tune now? Quote Link to comment Share on other sites More sharing options...
Smallc Posted November 9, 2011 Report Share Posted November 9, 2011 (edited) First of all, in 2013 (it was 2012 before) the federal debt to GDP ratio will start to decrease. That's the most important measure. Second, these numbers are subject to change with the fluctuating world economy. This isn't at all the fault of anyone in Canada, Conservative or not. These deficits, at current levels, aren't really much to worry about. Oh, and what exactly is it that people want? The Conservatives are cutting between 5 and 10%, depending on the department, and people complain. Now, they ease off a bit to fight the slowdown (not on the cutting, but on other EI measures), and people complain. Seriously? Edited November 9, 2011 by Smallc Quote Link to comment Share on other sites More sharing options...
Shwa Posted November 9, 2011 Report Share Posted November 9, 2011 Pushing the start date for a balanced budget is what Conservatives in Canada have done best for decades. Why change tune now? Damned historians! Quote Link to comment Share on other sites More sharing options...
wyly Posted November 9, 2011 Report Share Posted November 9, 2011 Pushing the start date for a balanced budget is what Conservatives in Canada have done best for decades. Why change tune now? it's sarting tomorrow, and then tomorrow becomes today...tomorrow never comes...it keeps their crazy military and prison spending game going as long as they can keep putting it off... Quote Link to comment Share on other sites More sharing options...
fellowtraveller Posted November 9, 2011 Report Share Posted November 9, 2011 And somehow end up with a bigger bureaucracy... That is going to change soon enough, and I look forward to your approval and applause for Harper when the layoff notices arrive in Ottawa/Hull. Quote Link to comment Share on other sites More sharing options...
Battletoads Posted November 9, 2011 Report Share Posted November 9, 2011 Oh, and what exactly is it that people want? The Conservatives are cutting between 5 and 10%, depending on the department, and people complain. Now, they ease off a bit to fight the slowdown (not on the cutting, but on other EI measures), and people complain. Seriously? People might expect them not to slash important services while spending billions on questionable fighter jets, or their new spying/crime bill... ect... Quote Link to comment Share on other sites More sharing options...
scribblet Posted November 9, 2011 Report Share Posted November 9, 2011 The Canadian economy has been doing well, best of most countries, so do you really think that we would be completely insulated from world events... are you all so staunchly ideological that you really believe that if someone else where the gov't we wouldn't be affected by world events... Quote Link to comment Share on other sites More sharing options...
maple_leafs182 Posted November 9, 2011 Report Share Posted November 9, 2011 Well this is good for me, I bet my friend some silver that the conservatives won't balance the budget. Quote Link to comment Share on other sites More sharing options...
blueblood Posted November 9, 2011 Report Share Posted November 9, 2011 Well this is good for me, I bet my friend some silver that the conservatives won't balance the budget. It's early. Quote Link to comment Share on other sites More sharing options...
olp1fan Posted November 9, 2011 Report Share Posted November 9, 2011 The Canadian economy has been doing well, best of most countries, so do you really think that we would be completely insulated from world events... are you all so staunchly ideological that you really believe that if someone else where the gov't we wouldn't be affected by world events... are you forgetting flahertys other missed predictions? this guy is a total moron you can pretty much write off anything he says Quote Link to comment Share on other sites More sharing options...
Bryan Posted November 10, 2011 Report Share Posted November 10, 2011 are you forgetting flahertys other missed predictions? this guy is a total moron you can pretty much write off anything he says Keep things in perspective. That "total moron" is the best finance minister in the world. Things are slightly delayed here, they are falling apart elsewhere. When I see how bad it is elsewhere, I'm grateful that we do have the financial managers we have here. It really would be a disaster if we had a different result last election. Quote Link to comment Share on other sites More sharing options...
olp1fan Posted November 10, 2011 Report Share Posted November 10, 2011 (edited) Keep things in perspective. That "total moron" is the best finance minister in the world. Things are slightly delayed here, they are falling apart elsewhere. When I see how bad it is elsewhere, I'm grateful that we do have the financial managers we have here. It really would be a disaster if we had a different result last election. so the "best" finance minister in the world claimed we would not run a defecit nor go in a recession nor would we require a stimulus package and he also was for deregulating our banks... take your blinders off nah you are a con you dont have blinders Edited November 10, 2011 by olp1fan Quote Link to comment Share on other sites More sharing options...
Smallc Posted November 10, 2011 Report Share Posted November 10, 2011 Keep things in perspective. That "total moron" is the best finance minister in the world. Things are slightly delayed here, they are falling apart elsewhere. When I see how bad it is elsewhere, I'm grateful that we do have the financial managers we have here. It really would be a disaster if we had a different result last election. And yet you give no credit to Paul Martin, the reason that we're in the position that we are now. Quote Link to comment Share on other sites More sharing options...
dre Posted November 10, 2011 Report Share Posted November 10, 2011 (edited) And yet you give no credit to Paul Martin, the reason that we're in the position that we are now. Yeah the libs had good credit in the later part of the 90's and could have gotten into all kinds of pet ideological spending with their majority. They could have left harper a gigantic defecit if they had wanted to. I think had the liberals known that their reign was going to end so soon they WOULD HAVE. But back then the liberals thought they would be in power forever, so It made sense to keep the books in order. Edited November 10, 2011 by dre Quote Link to comment Share on other sites More sharing options...
Smallc Posted November 10, 2011 Report Share Posted November 10, 2011 What position is that? A position that is much better than the rest of the western world. Our federal debt is not nearly to the same level of that of other countries, even though our national debt isn't that much lower. Quote Link to comment Share on other sites More sharing options...
punked Posted November 10, 2011 Report Share Posted November 10, 2011 A position that is much better than the rest of the western world. Our federal debt is not nearly to the same level of that of other countries, even though our national debt isn't that much lower. That is because it has been all down loaded to the provinces and cities. Quote Link to comment Share on other sites More sharing options...
Smallc Posted November 10, 2011 Report Share Posted November 10, 2011 That is because it has been all down loaded to the provinces and cities. No, that isn't all that happened. Everything in the federal government, save a few personal transfers, was cut. There was no other way to do what was done. Quote Link to comment Share on other sites More sharing options...
Bryan Posted November 10, 2011 Report Share Posted November 10, 2011 And yet you give no credit to Paul Martin, the reason that we're in the position that we are now. No I don't, because it's not true. Our economy right now is significantly better managed than it was under Paul Martin. Quote Link to comment Share on other sites More sharing options...
Smallc Posted November 10, 2011 Report Share Posted November 10, 2011 (edited) No I don't, because it's not true. Our economy right now is significantly better managed than it was under Paul Martin. That isn't even close to true. This government has essentially continued the Paul Martin policies, except for their stupid affinity for tax credits and the (albeit temporary) loosening of the mortgage market. Flaherty is doing a good job, but to deny that it was Chretien and Martin that brought us to this place is to deny reality. The Chretien years were the golden age. Our economy, in 20 years, nearly tripled in size. Edited November 10, 2011 by Smallc Quote Link to comment Share on other sites More sharing options...
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