I am Groot Posted March 29 Report Share Posted March 29 (edited) Namely, incompetent and dishonest spendthrifts. The budget increases spending in a wide variety of areas, ignoring their own muttering about being fiscally prudent, then lies about it rather blatantly by pretending they're cutting spending when they're really not. And, of course, there's more billions (tens of billions) for a variety of green energy initiatives. But all of them are filled with rules and regulations about how the money is to be spent, including the pay rate of employees. This is another income redistribution budget with zero real effort at increasing productivity or strengthening the economy. The budget points to $15.6-billion in savings, a declining deficit and an easing of the debt burden relative to the economy. Indeed, Finance Minister Chrystia Freeland described Tuesday’s budget, her third, as an effort in line with Canada’s “proud tradition of fiscal responsibility.” That is all a fiscal fantasy: the Liberal budget is built on a cloud of sleight-of-hand projections and the hope that Canadians are suffering from collective amnesia. To start with, more than half of the savings touted by the Liberals were announced in last year’s budget, with a review to find and reallocate $9-billion in spending through to fiscal 2027-28. This year’s budget merely fills in some details. And the government’s austerity measures are exceptionally unambitious. Spending on travel and consulting is to decline by 15 per cent – but that is only discretionary spending rather than the entire budget line. And the full savings don’t kick in until two years from now. Even worse, the second part of the Liberals’ fiscal restraint efforts, a 3-per-cent reduction in “eligible” spending, will deliver savings of exactly $0.00 in the coming fiscal year. The remainder of the so-called savings come from reallocating $6.38-billion in previously announced budget measures that, somehow, the government was unable to spend. Rather than taking the smallest step toward fiscal prudence – simply not spending that money – the Liberals have instead chosen to roll those funds into future budgets, with the added temerity of touting that as proof of “effective government.” The Liberals are projecting what looks like a significant cut in real terms in the operating expenses of government, with such expenses dropping from $131.4-billion in the current fiscal year to $119.9-billion three years hence, in fiscal 2026. Prudence incarnate, yes? No, not if one flips through last year’s budget, when operating expenses for fiscal 2026 were projected at $113.8-billion – or in the budget before that, with forecasted operating expenses of $110.1-billion for that fiscal year. In reality, the government is larding on another $10-billion from what it foresaw just two years ago. https://www.theglobeandmail.com/opinion/editorials/article-the-trudeau-liberals-build-a-budget-on-a-cloud-and-collective-amnesia/ Edited March 29 by I am Groot 2 Quote Link to comment Share on other sites More sharing options...
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