olp1fan Posted December 12, 2011 Report Posted December 12, 2011 (edited) For a man to be touted the best financial minister in the world how can he be 10 billion off? Flaherty sucks at math Note the dark black font where it points out how during a period of 30 years they differed by 1 billion but since the Cons took over they've been differing 10 billion http://www.cbc.ca/news/politics/story/2011/12/12/pol-budget-officer-report.html There's a $10-billion difference between the government's estimates and those of Parliament's budget watchdog when it comes to Canada's structural budget balance, the budget officer, Kevin Page, reported Monday. Since 2006, Finance Canada's estimates have been, on average, $10 billion higher than the Parliamentary Budget Officer's estimates. Structural budgets are defined as the budgetary balance that would be observed if the economy were operating at its full potential. Structural budgets can be important for policy planning. Page's report says that between 1975 and 2005, estimates are closely aligned and within about $1 billion of each other. They begin diverging in 2006 and he says the discrepancy largely comes from differences in estimates of how well the economy is performing relative to its potential. Finance Canada's estimate of the structural budget balance last year is $17 billion higher than the PBO's estimate, Page reported. Edited December 12, 2011 by olp1fan Quote
cybercoma Posted December 12, 2011 Report Posted December 12, 2011 Mark my words, the biggest financial scandal in the history of Canada has been underway since 2006. By the time the Conservatives leave office, we won't recognize Canada because the vultures will have picked it clean. Quote
olp1fan Posted December 12, 2011 Author Report Posted December 12, 2011 Mark my words, the biggest financial scandal in the history of Canada has been underway since 2006. By the time the Conservatives leave office, we won't recognize Canada because the vultures will have picked it clean. World financial ministers must be laughing at this guy behind his back Quote
Jack Weber Posted December 12, 2011 Report Posted December 12, 2011 Did'nt I hear somewhere that the Cons are the best ones to guard the public purse??? Quote The beatings will continue until morale improves!!!
wyly Posted December 12, 2011 Report Posted December 12, 2011 Did'nt I hear somewhere that the Cons are the best ones to guard the public purse??? ya from conservative spin doctors...actual evidence of financial competence doesn't exist, I keep asking when was the last time a federal conservative had a surplus, the question goes unanswered...conservative fiscal competence is pure myth created by conservatives themselves... Quote “Conservatives are not necessarily stupid, but most stupid people are conservatives.”- John Stuart Mill
cybercoma Posted December 12, 2011 Report Posted December 12, 2011 Did'nt I hear somewhere that the Cons are the best ones to guard the public purse??? I think that was Machiavelli speaking from beyond the grave. It probably sounded something like, "I conservatori sono le persone migliori per curare le casse pubbliche." Quote
Topaz Posted December 13, 2011 Report Posted December 13, 2011 Firsr of all, the Toires don't know how to count, read yes, count no. They kept saying they had gown 600,000 jobs since July '09, then three weeks ago they started to say 650,000, now they are back to 600,000, but, that isn't true because Ontario has lost over 80,000 in the last two months! There's more lay-offs conming and they will still stick to the 600,000 jobs. Who said the Canada's finance minister was voted the best in the world? The best belongs to Australia not Canada. http://www.dailymercury.com.au/story/2011/09/21/swan-named-worlds-top-finance-minister/ Quote
August1991 Posted December 13, 2011 Report Posted December 13, 2011 (edited) Kevin Page is a bureaucrat. IOW, he is unelected. He should not be giving press conferences like this. In a parliamentary democracy, it is the job of the Official Opposition (elected politicians) to make these arguments because ultimately, this is a political debate. What is Canada's potential GDP? I've got numbers, you've got numbers.... ---- I met Page at a conference and he struck me as a preening prima donna who imagines that he is a one-man CBO. Moreover, he foolishly believes that he is "objective". I was also surprised by his naive grasp of the macroeconomics of government debt. Edited December 13, 2011 by August1991 Quote
cybercoma Posted December 13, 2011 Report Posted December 13, 2011 That may very well be true, August, but do you have anything to say about the revelation? Quote
Shakeyhands Posted December 13, 2011 Report Posted December 13, 2011 Kevin Page is a bureaucrat. IOW, he is unelected. He should not be giving press conferences like this. In a parliamentary democracy, it is the job of the Official Opposition (elected politicians) to make these arguments because ultimately, this is a political debate. What is Canada's potential GDP? I've got numbers, you've got numbers.... ---- I met Page at a conference and he struck me as a preening prima donna who imagines that he is a one-man CBO. Moreover, he foolishly believes that he is "objective". I was also surprised by his naive grasp of the macroeconomics of government debt. Budget realities shouldn't be political, only a true Booster Club member would even suggest that. The best part is that Harper himself made the appointment. Quote "They muddy the water, to make it seem deep." - Friedrich Nietzsche
jacee Posted December 13, 2011 Report Posted December 13, 2011 I think we'd better put them into third party management. Quote
August1991 Posted December 13, 2011 Report Posted December 13, 2011 (edited) That may very well be true, August, but do you have anything to say about the revelation?What revelation?Budget realities shouldn't be political, only a true Booster Club member would even suggest that. Budget realities? Kevin Page is debating Canada's potential GDP. God knows what that is. As I say, I've got numbers, you've got numbers.This is a political debate, and unelected bureaucrats (ie. all bureaucrats) should not be involved. The best part is that Harper himself made the appointment.True. I reckon that Harper wanted Page to tell him to spend less money, and reduce the deficit. That's how Harper influences the public debate, or imposes his incremental conservatism.I think such institutions create more harm in the long run. Edited December 13, 2011 by August1991 Quote
cybercoma Posted December 13, 2011 Report Posted December 13, 2011 uh... not my quote that last one there. And the revelation that the numbers are out by an average of $10 billion, when typically they're around $1 billion. Why is the difference 10x larger since the CPC took office in 2006? Quote
olp1fan Posted December 13, 2011 Author Report Posted December 13, 2011 I think we'd better put them into third party management. already doing that by paying people 20 million dollars to find ways to cut down the defecit Quote
August1991 Posted December 13, 2011 Report Posted December 13, 2011 (edited) uh... not my quote that last one there.Oops. Corrected:The best part is that Harper himself made the appointment. Sorry, Shakey and cyber. --- And the revelation that the numbers are out by an average of $10 billion, when typically they're around $1 billion. Why is the difference 10x larger since the CPC took office in 2006?Imagine that, Cybercoma.Harper appoints an "unelected bureaucrat" with a big ego who holds a press conference to announce that the government is spending too much money. People believe the "unelected bureaucrat" because he is "objective". According to me, that's called incremental conservatism. Edited December 13, 2011 by August1991 Quote
grogy Posted December 13, 2011 Report Posted December 13, 2011 http://www.theglobeandmail.com/news/politics/double-vision-flahertys-fiscal-forecasts-win-out-over-watchdogs/article2182950/ Personally i don't trust anyone with a chin as weak as his. Quote
olp1fan Posted December 13, 2011 Author Report Posted December 13, 2011 http://www.theglobeandmail.com/news/politics/double-vision-flahertys-fiscal-forecasts-win-out-over-watchdogs/article2182950/ Personally i don't trust anyone with a chin as weak as his. G&M is a pro conservative paper / site so it doesn't surprise me they had someone on their payroll "analyze" the numbers to skew it to their opinion Quote
CPCFTW Posted December 13, 2011 Report Posted December 13, 2011 G&M is a pro conservative paper / site so it doesn't surprise me they had someone on their payroll "analyze" the numbers to skew it to their opinion It is? Quote
olp1fan Posted December 13, 2011 Author Report Posted December 13, 2011 It is? why else would they have endorsed harper every election? Quote
CPCFTW Posted December 13, 2011 Report Posted December 13, 2011 why else would they have endorsed harper every election? Because the other guys were incompetent commies? Quote
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