On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 Another dumb statement which ignores economic reality. You seem to make a lot of them. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 There may have been some help from a certain recession and parliamentary crisis. You did make that up, actually. You actually think I make the budget numbers? Quote Link to comment Share on other sites More sharing options...
Smallc Posted August 11, 2015 Report Share Posted August 11, 2015 You actually think I make the budget numbers? The budget was never supposed to be a deficit. even by the fiscal update, it was still set to be a small surplus. Only the subsequent massive and immediate stimulus spending created a $5.8B deficit. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 The budget was never supposed to be a deficit. even by the fiscal update, it was still set to be a small surplus. Only the subsequent massive and immediate stimulus spending created a $5.8B deficit. I would say the biggest contributor to the downfall was the gst reduction. In any case, we have had an endless string of deficits since then from Harper the "economist". Quote Link to comment Share on other sites More sharing options...
Smallc Posted August 11, 2015 Report Share Posted August 11, 2015 I would say the biggest contributor to the downfall was the gst reduction. What you would say doesn't really matter to me. I remember Robert Fife saying something on CTV in early 2008 - Lloyd, this government has so much money, they don't even know what to do with all of it. No one - not the government, not economists, and not the media, saw what was coming. Without the GST reduction, that would have been $14B more out of the pockets of Canadians during a recession. In any case, we have had an endless string of deficits since then from Harper the "economist". And the provinces and other similar countries around the world have done so much better. Canada is near the top in terms of recession and post recession fiscal management. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 What you would say doesn't really matter to me. I remember Robert Fife saying something on CTV in early 2008 - Lloyd, this government has so much money, they don't even know what to do with all of it. No one - not the government, not economists, and not the media, saw what was coming. Without the GST reduction, that would have been $14B more out of the pockets of Canadians during a recession. And the provinces and other similar countries around the world have done so much better. Canada is near the top in terms of recession and post recession fiscal management. What made Harper's numbers less bad when the recession came along was the banking regulations put in place by previous Liberal governments who actually knew enough about economics to create surpluses. Quote Link to comment Share on other sites More sharing options...
Smallc Posted August 11, 2015 Report Share Posted August 11, 2015 What made Harper's numbers less bad when the recession came along was the banking regulations put in place by previous Liberal governments who actually knew enough about economics to create surpluses. The previous Liberal government did an excellent job. They cut taxes, they cut spending, and they made the hard choices that needed to be made. They were a lot like fiscal conservatives, something you don't seem to like when the wrong party label is applied. It's also worth noting that the Liberals benefitted from global boom times, something the Conservatives haven't had the luxury of. Keep revising history though. I'm sure someone will believe you. Quote Link to comment Share on other sites More sharing options...
Big Guy Posted August 11, 2015 Report Share Posted August 11, 2015 Took the time to follow a bit of the campaign. Nice to see Harper out and answering questions. He really does not do that badly and I wonder why he does not do it more often. Also watched some of the TV coverage with "representatives" of each party commentating. No Flaherty, no Baird, no Moore, no Glover, no MacKay, no Rajotte, no O'Connor, no Paradis, no Ablonczy, no ... These used to be the folks on TV touting the party line and defending fearless leaders statements. I feel sorry for Harper, it looks like he is on his own for the first time in a long time. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 The previous Liberal government did an excellent job. They cut taxes, they cut spending, and they made the hard choices that needed to be made. They were a lot like fiscal conservatives, something you don't seem to like when the wrong party label is applied. It's also worth noting that the Liberals benefitted from global boom times, something the Conservatives haven't had the luxury of. Keep revising history though. I'm sure someone will believe you. Not really, they had a better idea of what taxes and spending to cut. Cutting something stable like gst that does basically nothing to stimulate anything is not smart, and the national debt bears that out. Quote Link to comment Share on other sites More sharing options...
Smallc Posted August 11, 2015 Report Share Posted August 11, 2015 Not really, they had a better idea of what taxes and spending to cut. Cutting something stable like gst that does basically nothing to stimulate anything is not smart, and the national debt bears that out. National debt in every western country bears out the reality of what we've just gone through as a global community. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 National debt in every western country bears out the reality of what we've just gone through as a global community. Sounds like you have those Harper talking points down pat. Harper made serious mistakes that led us where we are. Quote Link to comment Share on other sites More sharing options...
Smallc Posted August 11, 2015 Report Share Posted August 11, 2015 Sounds like you have those Harper talking points down pat. Harper made serious mistakes that led us where we are. Apparently, he was in charge of a lot of other countries too. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 Apparently, he was in charge of a lot of other countries too. He could have been. As I say, he was somewhat saved by banking regs. the former LPC put in place, or we would likely be in worse shape. Quote Link to comment Share on other sites More sharing options...
Smallc Posted August 11, 2015 Report Share Posted August 11, 2015 He could have been. As I say, he was somewhat saved by banking regs. the former LPC put in place, or we would likely be in worse shape. You're unable to give any credit, even when it's due. It's hard to take you seriously as a result. Quote Link to comment Share on other sites More sharing options...
blueblood Posted August 11, 2015 Report Share Posted August 11, 2015 (edited) You're unable to give any credit, even when it's due. It's hard to take you seriously as a result.As for banking regs, i remember flaherty making a big deal to tell people in canada not to over leverage themselves.http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com//personal-finance/mortgages-real-estate/ottawa-cuts-mortgage-amortizations-to-25-years Edited August 11, 2015 by blueblood Quote Link to comment Share on other sites More sharing options...
Argus Posted August 11, 2015 Report Share Posted August 11, 2015 You're unable to give any credit, even when it's due. It's hard to take you seriously as a result. You and I will criticize the Tories when we think they deserve it. You won't find the left with that much intellectual honesty. They can't criticize their own parties. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 You're unable to give any credit, even when it's due. It's hard to take you seriously as a result. If you want to be taken seriously, show me where it's due. Quote Link to comment Share on other sites More sharing options...
blueblood Posted August 11, 2015 Report Share Posted August 11, 2015 (edited) If you want to be taken seriously, show me where it's due. http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com//personal-finance/mortgages-real-estate/ottawa-cuts-mortgage-amortizations-to-25-yearsHmm sounds like the tories tightened things up. Any more myths? Edited August 11, 2015 by blueblood Quote Link to comment Share on other sites More sharing options...
Argus Posted August 11, 2015 Report Share Posted August 11, 2015 If you want to be taken seriously, show me where it's due. This is sort of like those WTC truthers demanding we show them where they're wrong. No matter who says whatever and no matter how much evidence, they will simply believe what they choose to believe. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 This is sort of like those WTC truthers demanding we show them where they're wrong. No matter who says whatever and no matter how much evidence, they will simply believe what they choose to believe. You may be a truther, (wouldn't surprise me) but with regard to what I'm referring to, we know because we have the receipts. Quote Link to comment Share on other sites More sharing options...
poochy Posted August 11, 2015 Report Share Posted August 11, 2015 If you want to be taken seriously, show me where it's due. Whats next, your rubber, he's glue? Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 Whats next, your rubber, he's glue? I'm not sure, sounds like some sort of children's game. Maybe you can explain it to the adults. Quote Link to comment Share on other sites More sharing options...
blueblood Posted August 11, 2015 Report Share Posted August 11, 2015 Hmm seems in guard doesnt want to comment on flaherty tightening up the mortgage rules which he claims the only the liberals had strict banking rules Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted August 11, 2015 Report Share Posted August 11, 2015 Hmm seems in guard doesnt want to comment on flaherty tightening up the mortgage rules which he claims the only the liberals had strict banking rules You are free to enlighten us. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted August 11, 2015 Report Share Posted August 11, 2015 That's not any more true this time. We entered deficit after the rejection of the fiscal update by the opposition parties. That forced the government into an immediate large stimulus scheme. That's where the 2008 - 2009 deficit came from. And we started to recover before the CPC got its majority and steered the ship into an iceberg. Quote Link to comment Share on other sites More sharing options...
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