Smallc Posted September 26, 2015 Report Share Posted September 26, 2015 Why? They didn't implement the law until they returned to surplus. That was convenient for them, wasn't it? Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted September 26, 2015 Report Share Posted September 26, 2015 That was convenient for them, wasn't it? Convenient? I would suspect by design Quote Link to comment Share on other sites More sharing options...
Smallc Posted September 26, 2015 Report Share Posted September 26, 2015 Convenient? I would suspect by design By design, they've made themselves look like giant hypocrites. I can't support idiotic policy like this regardless. Taxes are a legitimate function of government. There are situations where they could concievably increase. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted September 26, 2015 Report Share Posted September 26, 2015 By design, they've made themselves look like giant hypocrites. I can't support idiotic policy like this regardless. Taxes are a legitimate function of government. There are situations where they could concievably increase. How? They returned the country to surplus and enacted laws to keep it there, well not raising taxes, and only permitting running into the red in an emergency........isn't that sound fiscal policy......you know, live within your means? Quote Link to comment Share on other sites More sharing options...
SpankyMcFarland Posted September 26, 2015 Report Share Posted September 26, 2015 (edited) Well no, he does, as Cameron very much so took issue, as did British voters, of a proposed Labour/SNP coalition. What is your opinion of the coalition government that David Cameron actually led for years in the UK? Edited September 26, 2015 by SpankyMcFarland Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted September 26, 2015 Report Share Posted September 26, 2015 What is your opinion of the coalition government that David Cameron actually led for years in the UK? No different than the several minority Governments led by PM Harper, that relied upon Liberal indifference to govern......a result far better then allowing socialists anywhere near power. Quote Link to comment Share on other sites More sharing options...
Smallc Posted September 26, 2015 Report Share Posted September 26, 2015 How? They returned the country to surplus and enacted laws to keep it there Their own law would make most of the deficits that they themselves ran (under a majority) illegal in the future. I don't blame them for their deficits, and they shouldn't either. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted September 26, 2015 Report Share Posted September 26, 2015 Their own law would make most of the deficits that they themselves ran (under a majority) illegal in the future. I don't blame them for their deficits, and they shouldn't either. How so? The legislation clearly states deficits are allowed if any event results in $3 billion+ losses to projected Government revenue, as such, the Government's stimulus spending regime post 2008 recession would have been included. Quote Link to comment Share on other sites More sharing options...
drummindiver Posted September 26, 2015 Report Share Posted September 26, 2015 Harper said it was just a way of reinforcing their promise to not raise taxes. Future governments can, no fear if that's the king of thing you look forward to. Personally, I prefer it to Dalton McGuinty signing a legal document promising no new taxes. Then promptly brought in the Health Care Premium. You know, premium. Not a tax. A tax raise would have been better than the grand a year grab that liberal putz pulled. Quote Link to comment Share on other sites More sharing options...
Smallc Posted September 26, 2015 Report Share Posted September 26, 2015 How so? The legislation clearly states deficits are allowed if any event results in $3 billion+ losses to projected Government revenue, as such, the Government's stimulus spending regime post 2008 recession would have been included. For that many years after? That seems like an absolutely useless law. Quote Link to comment Share on other sites More sharing options...
ReeferMadness Posted September 27, 2015 Report Share Posted September 27, 2015 Harper said it was just a way of reinforcing their promise to not raise taxes. That is patent nonsense. This is, as Derek admitted, cheap, pandering, wedge politics intended to separate himself from other parties and distract voters from the many, many unattractive and downright repugnant aspects of this government. Think of it as cheap perfume thrown on a skunk. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted September 27, 2015 Report Share Posted September 27, 2015 That is patent nonsense. This is, as Derek admitted, cheap, pandering, wedge politics intended to separate himself from other parties and distract voters from the many, many unattractive and downright repugnant aspects of this government. Think of it as cheap perfume thrown on a skunk. Or maybe lipstick on a pig? Quote Link to comment Share on other sites More sharing options...
SpankyMcFarland Posted September 27, 2015 Report Share Posted September 27, 2015 No different than the several minority Governments led by PM Harper, that relied upon Liberal indifference to govern......a result far better then allowing socialists anywhere near power. Derek, a coalition is quite different from that. You think Tom is a socialist? Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 27, 2015 Report Share Posted September 27, 2015 How is it myopic? I feel the Federal Government has enough revenue, even too much, to do its job.... Seeing how the Conservatives blew through a nearly $14 billion surplus before the economic crisis of 2008 even hit and then ran several consecutive deficits, I "feel" you're wrong. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 27, 2015 Report Share Posted September 27, 2015 And what happens if a severe recession causes a large drop in revenue? It's now illegal to raise taxes or run a deficit. What then? Well, you see, you eliminate the services that people will be depending on during that recession. Certainly that will get us out of it quicker, right? Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 27, 2015 Report Share Posted September 27, 2015 What is funny about? The Balanced Budget Act didn't come into force until late June of this year.... Funny that they hold others to a standard that they couldn't even meet. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 27, 2015 Report Share Posted September 27, 2015 How? They returned the country to surplus Hero syndrome. Start fires, so you can get the praise of putting them out. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted September 27, 2015 Report Share Posted September 27, 2015 For that many years after? That seems like an absolutely useless law. Forget getting bogged down in nonsense about recession spending. What happens if there's a natural disaster? Or a major war breaks out? It's an idiotic law, supported by people too myopic to understand the purpose of taxes and the cost of running the nation. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted September 27, 2015 Report Share Posted September 27, 2015 Derek, a coalition is quite different from that. You think Tom is a socialist? It depends, Nick Clegg had as much influence in the Cameron Government as previous Liberal leaders had in Harper's minority Governments.......I think Mulcair is an opportunist leading socialists. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted September 27, 2015 Report Share Posted September 27, 2015 Seeing how the Conservatives blew through a nearly $14 billion surplus before the economic crisis of 2008 even hit and then ran several consecutive deficits, I "feel" you're wrong. And what did they "blow" said surplus on? Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted September 27, 2015 Report Share Posted September 27, 2015 Funny that they hold others to a standard that they couldn't even meet. Well no, the legislation, as mentioned already, allows for deficit spending in an emergency. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted September 27, 2015 Report Share Posted September 27, 2015 Hero syndrome. Start fires, so you can get the praise of putting them out. If the NDP or Liberal had of been Government in 2008, would they not have run deficits? Likewise, would they not return to a balanced budget? I don't consider the return to balanced budgets heroic, but prudent. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted September 27, 2015 Report Share Posted September 27, 2015 And what did they "blow" said surplus on? Tax breaks for corps. and a reduction in GST for starters. Not to mention millions on advertising for, ironically their economic action plan that basically doesn't exist. Quote Link to comment Share on other sites More sharing options...
Derek 2.0 Posted September 27, 2015 Report Share Posted September 27, 2015 Tax breaks for corps. and a reduction in GST for starters. Not to mention millions on advertising for, ironically their economic action plan that basically doesn't exist. Yes, my point exactly........returning money back to it's rightful owners.....a $14 billion surplus is $14 billion dollars collected by Government and taken out of the economy........A surplus that big is nothing to brag about. Quote Link to comment Share on other sites More sharing options...
On Guard for Thee Posted September 27, 2015 Report Share Posted September 27, 2015 Yes, my point exactly........returning money back to it's rightful owners.....a $14 billion surplus is $14 billion dollars collected by Government and taken out of the economy........A surplus that big is nothing to brag about. Turning it into a string of deficits and the largest growth of the national debt is a lot less to brag about. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.