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The Budget


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How? The money does not come from trees, you know, it has to be taken away from the private sector first.

No... deficit financing comes from the sale of paper to Canadians and foreigners. It doesn't have to be "taken away from the private sector first".

And how it will help the private sector is self evident. Money does not just get spent one time... you act like it all disappears once the government spends it. But all this money will swirl around in the economy being spent thousands of times over, on goods and services provided by the private sector.

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Economics 101. The movement of money is the lifeblood of the economy. People sitting on it is a death knell.

That's why stimulus money that goes to people below the median income is much more effective than things like corporate tax cuts. Lower income families spent every penny they have back into the economy where it will get spent again and again.

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That's why stimulus money that goes to people below the median income is much more effective than things like corporate tax cuts. Lower income families spent every penny they have back into the economy where it will get spent again and again.

And that's why the increase in GIS and the new Child Benefit will be HUGE for the economy, and for me.

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Those bastards. Imagine the nerve of them, holding onto their own money.

I don't think they are bastards for wanting to hold onto their money but the fact remains that in a situation like this where we are trying to stop a really bad economy from getting worse and avoid a meltdown... savings can be a real problem.

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I don't think they are bastards for wanting to hold onto their money but the fact remains that in a situation like this where we are trying to stop a really bad economy from getting worse and avoid a meltdown... savings can be a real problem.

Yep, confiscate the savings. It's for the greater good!

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I'd like to note that a lot of money does in fact come from trees. When/if the private sector is given the bill it will amongst other things have to turn to them and other sources of natural capital to pay for it.

Has anyone seen any budget, deficit and growth projections for the environment?

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THIS is an op-ed from Neil Macdonald of the CBC. The way the CBC dumped on Harper as soon as he cut their budgets made me think this budget would have made the CBC kiss Trudeau's nether regions, but I guess he didn't get the message. Some interesting excerpts.

For example, a family living in Saskatchewan's Fort Qu'Appelle with two kids and a household income of, say, $130,000 will now receive a dose of other Canadians' money, and the Liberals will effect the transfer of that wealth.

But this much can be stated as fact: most of the wealth the government is redistributing isn't going where it will do the most good.

Economists tend to agree that governments achieve the greatest stimulative effect by giving money to poor people, not people making $90,000, or $110,000, or $130,000.

Because poor people spend the money. They have to. They're poor.

Edited by RNG
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Yep, confiscate the savings. It's for the greater good!

Its more a matter of how you spend. If you are trying to dump money into the economy to ward off an imminent recession then you need to direct it in a way that actually makes it enter the economy. If stumulus spending ends up under somebodies mattress then it accomplishes nothing.

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Methinks this new Liberal budget kicks about $4 billion in military spending down the road. Back to those dark days when those old Liberals starved our military and ... and ... kept us out of Iraq and other useless wars. The Conservative poured $billions into our military and we ended up with those spectacular successes like ... like ... Afghanistan, shooting fish in a barrel in Libya and other wonderful successes like ... like...

Now these Liberals are again taking $billions out of our military. That may force us out of getting involved in civil wars that we have no business in. Wee done. Time to spend money on encouraging life, not killing.

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Methinks this new Liberal budget kicks about $4 billion in military spending down the road. Back to those dark days when those old Liberals starved our military and ... and ... kept us out of Iraq and other useless wars. The Conservative poured $billions into our military and we ended up with those spectacular successes like ... like ... Afghanistan, shooting fish in a barrel in Libya and other wonderful successes like ... like...

Now these Liberals are again taking $billions out of our military. That may force us out of getting involved in civil wars that we have no business in. Wee done. Time to spend money on encouraging life, not killing.

Wonder if our allies and friends support your brilliant ideology ? Do you consider yourself an isolationist ? Think the US is wasting it's time destroying terror training camps in Somalia ? Think our allies and friends , including Canada , are wasting our time in Iraq and Syria ? You clearly struggle to connect the dots even when we will see 31 innocent civilians buried in Brussels over the next few days. You are a Liberal apologist and it's people like you in Governments across Europe that have created this mess in the first place . We are at war , not because we want to be but because it was declared on us .

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I really do not care if who you consider to be our friends and allies support my brilliant opinion.

We blew $billions over the last few years on our military for what.

As to Brussels - from another thread:

Another suicide attack - this time in Belgium. So a few folks intent on killing as many of the enemy as possible take their own lives while performing that unfortunately successful act. We call them terrorists, say they are crazy and religious radicals. Another outrage in the Western world and a few people are actually surprised.

A few years ago, a bunch of disgruntled and unemployed Sunni Saddam Republican guards decide to create their own country from parts of Iraq and Syria. They call themselves ISIS and their proposed country ISIL. Angry people from all around the world flock to join them and they start winning.

The rest of the world does not like the idea that they are butchering and barbecuing those who oppose them in their region. So the West declares war on them - yes, the West declares war on them. ISIS have no airplanes or large armaments so when the airplanes come over to drop the bombs they either run or hide in their homes - yes THEIR homes. They live there, they are from there and their relatives live there. Meanwhile the acceptable collateral damage (read - innocent civilian deaths) of the bombing creates thousands of relatives joining ISIS looking for revenge.

So the airplanes fly around, dropping bombs - a war if you call shooting fish in a barrel a war.

So some of the folks whose relatives were killed decide that if their relatives are acceptable collateral damage then maybe they will go where those folks flying the planes live and do their own acceptable collateral damage - and hence we get suicide attacks.

These suicide attacks are a horrendous and outrageous waste of innocent lives. Dropping bombs into areas where hundreds of innocent civilians are killed is a horrendous and outrageous waste of innocent lives.

Sometimes you reap what you sow.

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No... deficit financing comes from the sale of paper to Canadians and foreigners. It doesn't have to be "taken away from the private sector first".

And how it will help the private sector is self evident. Money does not just get spent one time... you act like it all disappears once the government spends it. But all this money will swirl around in the economy being spent thousands of times over, on goods and services provided by the private sector.

I wonder if it has occurred to you that we actually have to pay borrowed money back at some point? Or perhaps the billions we will have to spend on interest rates each and every year for decades to come might be something you could consider. If we hadn't already borrowed so much money that we're paying $25 billion in interest we'd be able to afford everything in this budget without borrowing a thing.

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How quickly you forget it was the Iraq government that asked for assistance . Over 60 countries responded as ISIS was butchering people by the thousands and many more where starving and dehydrated due to no supply lines open to them . As I stated before you are a true Liberals , an apologist . Like somehow in your twisted little mind that we deserve this . You are like Trudeau , apologizing for the Boston bombers because somehow they where not included into our society , like a hug would of helped . In don't want to take time away from your left wing study group so run along and thanks for the laugh. PS Take a trip to Germany , Belgium , France etc and let me know what you experience instead of hiding behind your keyboard and thinking you have it all figured out .

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I really do not care if who you consider to be our friends and allies support my brilliant opinion.

It wasn't brilliant when you posted it in the appropriate topic. It's gotten no more intelligent now that you've chosen to repost it in this one.

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I don't think they are bastards for wanting to hold onto their money but the fact remains that in a situation like this where we are trying to stop a really bad economy from getting worse and avoid a meltdown... savings can be a real problem.

We don't HAVE a really bad economy. We have an economy which took a hit from oil but is returning nicely, thanks.

And if savings can be a problem what's with the Ontario Liberals forcing middle class people to kick billions into their new pension scheme?

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That's why stimulus money that goes to people below the median income is much more effective than things like corporate tax cuts. Lower income families spent every penny they have back into the economy where it will get spent again and again.

Maybe you should tell that to Trudeau. Most of the benefits from this budget are going to people who already have lots of money, not the down and out.

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Great budget. A nice change from the cut and burn budget we experienced many years under Harperism. Harperism also created a $50+ billion plus deficit when the economy needed it and then they cut and burned many years to keep their promise of balanced budget by 2015 (which they missed anyways) no matter who or how many they hurt they went ahead stubbornly. This liberal budget is a compassionate budget which starts with 30 billion deficit (almost HALF the deficit that Conservatives created and started in 2008-2009) and will very gradually reduce the deficit without hurting millions of citizens (contrary to what the conservatives did).

Long Live Liberal Party of Canada under Trudeau.

Edited by CITIZEN_2015
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Promises Kept:
  • Pensions
  • Canada Child Benefit
  • Income Splitting
  • Veterans offices and benefits
  • First Nations funding
  • Climate change
Promises Broken:
  • Balancing the budget by 2019
  • Small business tax cuts
  • Stock options
Promises Delayed:
  • Veterans lifetime pensions
  • Canadian Infrastructure Bank

A politicians promise delayed is a politicians promise broken.

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Promises Kept:
  • Pensions
  • Canada Child Benefit
  • Income Splitting
  • Veterans offices and benefits
  • First Nations funding
  • Climate change
Promises Broken:
  • Balancing the budget by 2019
  • Small business tax cuts
  • Stock options
Promises Delayed:
  • Veterans lifetime pensions
  • Canadian Infrastructure Bank

From the linked article within your source:

"Liberals won power with a campaign that promised new spending based on four years of deficits totalling $26.1-billion. Now in office, the Liberals are budgeting for five years of deficits totalling more than $113-billion"

Balancing the budget by 2019 was only a part of their promise they broke. They also ran on an election platform that declared deficits of $9.8 billion in 2016, $9.5 billion in 2017, and $5.7 billion in 2018. This budget appears to be a departure from this.

I also can't seem to locate the memo that indicated that they were planning on scrapping the child fitness tax credit. Maybe in an effort to compensate for this and promote healthy lifestyle choices for kids, they can bring in more taxes, a junk food tax, a tv tax, maybe a computer or electronic device tax....After all a stick is always more effective than a carrot.

Edited by Spiderfish
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