Good News: Deficit to be $30 Billion says Bloomberg

[Charles Anthony]

Folks,

Stop the thread drift.

[SpankyMcFarland]

According to most of the typically fevered commentary on this thread, you would think we had been enjoying massive real surpluses until Trudeau came in, that he has been in power for years and is entirely responsible for the current situation, and that no external events have occurred to make matters worse.

Edited March 22, 2016 by SpankyMcFarland

[PIK]

Trudeau told Obama he was bouncer. I seen the interview trudeau gave before the election. He said he was bartender at a club ,but quit after 3 shifts. To hard he said. And we can add another 50g's to that for the bill we just received for a play on stand by when trudeau took a vacation.

[Smallc]

And we can add another 50g's to that for the bill we just received for a play on stand by when trudeau took a vacation.

The Prime Minister requires a military aircraft for transport. That aircraft must be on 3 hours notice at any moment. The pilots would have been paid no matter what. Most of the costs are fixed, and would have been paid no matter what. Only meals and hotels would have made it a bit more expensive than being in Canada.

[dre]

What happens when those people who surround that leader realize he or she doesn't actually know what they are talking about. Charisma will get you through the gates but there has to be some substance after that.

Those people do their jobs. Only in a very dysfunctional organization would that expertise be expected to come from the top executive. The leader of a country has to deal with hundreds of different kinds of issues. They aren't supposed to be an expert in all of them. Leadership and subject matter expertise are two totally different skill-sets. One of the presidents in the US that is commonly regarded very highly by Americans was a crappy actor.

What industry are you in? The only failures I've seen in my industry are when outsiders come in and don't take the time to learn the industry thinking their rah rah corporate speeches are enough.

IT/Software. There was a trend in the late nineties and for a while after of promoting the brightest engineers into management positions and even into executive positions. It didn't work very well because engineering and business/people management are two different skill-sets that don't necessarily have any overlap at all.

Edited March 22, 2016 by dre

[dre]

Again, compare this to a part time teacher/bouncer/snow board instructor/actor.

There's simply no logical reason to make that comparison. Its just more boring personality cultism. Fun for partisan hacks but not meaningful beyond that.

Strong leadership can come from all walks of life.

[Accountability Now]

Those people do their jobs. Only in a very dysfunctional organization would that expertise be expected to come from the top executive. The leader of a country has to deal with hundreds of different kinds of issues. They aren't supposed to be an expert in all of them.

I'm not asking for the PM to be an expert in all of these....but how about one or two? Or how about enough knowledge in many areas that allows him to make a proper decision when it needs to be made.

Leadership and subject matter expertise are two totally different skill-sets.

But you should have some of both.

One of the presidents in the US that is commonly regarded very highly by Americans was a crappy actor.

That man also had a degree in economics and was elected Governor of California before being given the chance to run the country. I can also think of another crappy actor who was Governor of California which helps my point.

IT/Software. There was a trend in the late nineties and for a while after of promoting the brightest engineers into management positions and even into executive positions. It didn't work very well because engineering and business/people management are two different skill-sets that don't necessarily have any overlap at all.

Are you telling me that Steve Jobs or Mark Zuckerberg have no engineering skills or conversely no leadership skills. Again...you should have both if you want to be the top dog.

[Accountability Now]

There's simply no logical reason to make that comparison. Its just more boring personality cultism. Fun for partisan hacks but not meaningful beyond that.

Strong leadership can come from all walks of life.

Do you ever wonder why they give the C (captaincy) to the best players on the team? Because at some point its not enough to just cheer lead. You need to be able to back it up.

[rotary]

Yeah, because 'pizazz' is what mature adults look for in leaders.

Well, so does Trudeau! Every time Mansbridge gets near him he tries to hump Trudeau's leg!

And what exactly has Trudeau gotten out of POTUS thus far other than dinner?

We shall see what might come out of the cozier relations with our BIGGEST trading partner. At least Trudeau got dinner, which is more than Harper ever got.

[Argus]

We shall see what might come out of the cozier relations with our BIGGEST trading partner. At least Trudeau got dinner, which is more than Harper ever got.

Cozier relationship? Well, it better come pretty damned fast because Obama's powers are fading fast, and will be gone come fall.

[rotary]

Cozier relationship? Well, it better come pretty damned fast because Obama's powers are fading fast, and will be gone come fall.

Oh I suspect the relationship will continue to flourish when Hillary takes office.

[Cl Le]

Good news for all the feminist males in Canada , Trudeau has once again opened up the purse strings on arts and crafts . This is great news you can once again get in touch with your creative side on the tax payers dime. Time to celebrate , bellini's for all !

[waldo]

Good news for all the feminist males in Canada , Trudeau has once again opened up the purse strings on arts and crafts . This is great news you can once again get in touch with your creative side on the tax payers dime. Time to celebrate , bellini's for all !

check - campaign promise in regards increased spending for the arts and culture met! Good news for anyone that supports public broadcasting, the Canada Council, National Film Board, etc.. The arts... culture matter - yes? Your posts show your penchant for referencing the "feminist Trudeau... feminist males"... is there a problem - for you? Are you suggesting that only your distinguished "feminist males" have... can have... will have... an appreciation and respect for the arts, for culture? Just what kind of a "man's man" are you, hey!

.

[Cl Le]

check - campaign promise in regards increased spending for the arts and culture met! Good news for anyone that supports public broadcasting, the Canada Council, National Film Board, etc.. The arts... culture matter - yes? Your posts show your penchant for referencing the "feminist Trudeau... feminist males"... is there a problem - for you? Are you suggesting that only your distinguished "feminist males" have... can have... will have... an appreciation and respect for the arts, for culture? Just what kind of a "man's man" are you, hey!

.

The type of man that doesn't wear a murse and sandles , the can of man that would never vote Liberal , the kind of man that runs multiple businesses employees over two dozen Canadians proudly , the kind of man that invests in his employees and company infrastructure , the kind of man that proudly pays his taxes until he saw this absurd budget , just a few examples for you. What kind of man or women would support a cabinet based solely on gender equality , that a 50/50 balance was the right thing to do ? An idiot that is who . Jobs should always go to the most qualified individual no matter of sex , age , race , gender preference and only a pathetic Liberal would think other wise than state " because it's 2015 " . Once you get out of your parents basement suite , stop listening to your university professors and enter the real world and start contributing maybe , just maybe , you might understand . To clarify again because Liberals struggle frequently with processing of information , if the Liberals had all women because they where the most qualified that would be great but when optics is your top priority you are falling short of your set objective , build the best team to represent Canada ! Now you can proudly throw the murse over your shoulder and head down to your local bar and order a bellini , cheers !

[Argus]

Oh I suspect the relationship will continue to flourish when Hillary takes office.

Hillary has had nothing good to say about free trade, or any trade. And our relationship with the US is a trade relationship.

[waldo]

"Just what kind of a "man's man" are you, hey!"

The type of man that doesn't wear a murse and sandles , the can of man that would never vote Liberal , the kind of man that runs multiple businesses employees over two dozen Canadians proudly , the kind of man that invests in his employees and company infrastructure , the kind of man that proudly pays his taxes until he saw this absurd budget , just a few examples for you.

Now you can proudly throw the murse over your shoulder and head down to your local bar and order a bellini , cheers !

you don't like peaches? Here's a thought: do you think there are any... many... "murse/sandals" free men, who support the arts and recognize the importance of culture? Any... many... business owners in that same mix? How much of the announced 2016 budget do you even recognize as being targeted for the arts/culture... what's that amount that has you so forthcoming with your "man's man" passionate expression?
.

What kind of man or women would support a cabinet based solely on gender equality , that a 50/50 balance was the right thing to do ? An idiot that is who . Jobs should always go to the most qualified individual no matter of sex , age , race , gender preference and only a pathetic Liberal would think other wise than state " because it's 2015 " .

Once you get out of your parents basement suite , stop listening to your university professors and enter the real world and start contributing maybe , just maybe , you might understand . To clarify again because Liberals struggle frequently with processing of information , if the Liberals had all women because they where the most qualified that would be great but when optics is your top priority you are falling short of your set objective , build the best team to represent Canada !

hey now! I do believe the Trudeau cabinet has 10 fewer members than that last bloated Harper cabinet... oh my... does this suggest the increase in women in the Trudeau cabinet is doing the work of 10 fewer Harper Conservative ("small government") cabinet members? I kid, I kid! For shytes & giggles lets examine further: the last Harper Conservative cabinet was approximately 30% women. Your premise is that from the wealth of MP talent Trudeau Liberals had to choose from, less than capable women were chosen... I presume to the tune of that Trudeau/Harper 20% cabinet differential. Of the female members of the Trudeau cabinet, what 20% of the complement of female cabinet members, has you so distressed and put-upon - since it's 2015/16, name the names...
.

Edited March 23, 2016 by waldo

[dre]

The type of man that doesn't wear a murse and sandles , the can of man that would never vote Liberal , the kind of man that runs multiple businesses employees over two dozen Canadians proudly , the kind of man that invests in his employees and company infrastructure , the kind of man that proudly pays his taxes until he saw this absurd budget , just a few examples for you.

Whaddaya know! Another internet forum tycoon!

[rotary]

Hillary has had nothing good to say about free trade, or any trade. And our relationship with the US is a trade relationship.

Then I wonder why she supported nafta.

[Cl Le]

"Just what kind of a "man's man" are you, hey!"

you don't like peaches? Here's a thought: do you think there are any... many... "murse/sandals" free men, who support the arts and recognize the importance of culture? Any... many... business owners in that same mix? How much of the announced 2016 budget do you even recognize as being targeted for the arts/culture... what's that amount that has you so forthcoming with your "man's man" passionate expression?

.

hey now! I do believe the Trudeau cabinet has 10 fewer members than that last bloated Harper cabinet... oh my... does this suggest the increase in women in the Trudeau cabinet is doing the work of 10 fewer Harper Conservative ("small government") cabinet members? I kid, I kid! For shytes & giggles lets examine further: the last Harper Conservative cabinet was approximately 30% women. Your premise is that from the wealth of MP talent Trudeau Liberals had to choose from, less than capable women were chosen... I presume to the tune of that Trudeau/Harper 20% cabinet differential. Of the female members of the Trudeau cabinet, what 20% of the complement of female cabinet members, has you so distressed and put-upon - since it's 2015/16, name the names...

.

As much as I would love to have a debate with you that fact that you support a P/T drama teacher who just racked up a 30 billion dollar deficit while creating little opportunities for Canadians leads me to believe I would be completely wasting my time on you . Best of luck to you in your future endeavors. PS Could of sworn the little dullard said 10 billion dollar deficits for three years then a balanced budget . How stupid does one have to be that you can't admit you where duped by a " Trust Fund Kid. " ?

[Argus]

Then I wonder why she supported nafta.

Times have changed. She's been backpedalling furiously and joined with Trump and Sanders in blaming trade for many of the US economic problems. She's opposing the new pacific trade pact and calling for tarrifs to protect American industry.

[Charles Anthony]

Guys,

Please avoid trolling.

I took down some posts. If your recent posts are missing, then you were trolling.

[Rue]

There is a school of thought that believes deficit spending stimulates the economy more than tax cuts.

I don't believe either truly stimulates the economy. They might have some superficial effect but as history has shown, the effect si fleeting. because they are just band aid approaches to a large bleed beneath the surface.

The bleeding I would argue is caused by world market conditions beyond the control of our politicians. Those market conditions are reactions to climatic( flooding, draught, disease) which then triggers political turmoil that then causes huge movements in population not to mention wars.

We also know huge multi-national corporations see governments as agents to protect their profit generating activities and that plays into it as well as our governments do the bidding of these corporations and their powerful lobby support networks.

the fact remains 90% of the world's economy is directly dependent on the military-industrial complex.

Does anyone really believe what our politicians do domestically really can shelter us from phenomena outside our political or climatic control?

We know there are in many parts of the world draught eating up what was once land used to feed people and provide water causing

Eventually food and water sources have to be nurtured with distribution systems for both or life does not continue.

The best we can do is balance and juggle trying to find that balance between too much and too little government spending, between too little and too much regulations.

I do not see governments as panaceas for our collective malaise and ills as Trudeau does. I don't get any comfort seeing him pose for selfies, do the effeminate, limp wrist hand on the heart gesture and carry himself off like he is a personality cult.

I find him and the praying mantis like insectoid like finance minister Bill Morneau, Beavis and Butthead.

I think their budget like them, had no specifics, just a lot of farting noises accompanied by smiles masking embarrassment at their farts and then we had to witness the spectacle of Cheech and Chong presenting their farts as smelling like roses.

The only fans they should be turning on are large industrial ones.

Edited March 24, 2016 by Rue

[Cl Le]

There's simply no logical reason to make that comparison. Its just more boring personality cultism. Fun for partisan hacks but not meaningful beyond that.

Strong leadership can come from all walks of life.

Interesting opinion but it holds no weight. Think individuals as unqualified as Trudeau run fortune 500 companies ? Trudeau wouldn't last 1 week but unfortunately Canada has to endure 3.5 years more of this expensive failure . How do you think Wall Street would react to a CEO's predictions being off as much as Trudeau's was for our budget compared to election promises ? It is fun watching them scramble to sell this disaster as a positive to Canadians though .

[waldo]

waldo addressing the deficit hysteria from the usual suspects:

if not deficit spending now... when the cost of servicing federal debt is the lowest it has been in 50 years... then when?

per economist Jordan Brennan - sourced via twitter update:

Even a $30-billion deficit would amount to only 1.5 per cent of GDP, and the U.S. has been congratulating itself on getting its federal deficit down to a low of 2.5 per cent

Interest rates are even lower today than the government had been expecting, and the savings on interest payments alone will come to $1.5 billion a year for the next three years

In our view the government has the flexibility to provide fiscal stimulus to a Canadian economy that badly needs it

.

[waldo]

waldo further addressing the deficit hysteria from the usual suspects:

the Trudeau Liberal deficit... a modest deficit by historical standards!

deficits, as a percentage of federal government revenue --- per economist Jordan Brennan - sourced via twitter update: