CdnFox Posted February 12 Report Posted February 12 21 minutes ago, 500channelsurfer said: Could crown corporations be an answer to any of the sectors of the economy that may experience decline, as described in betsy's original post? Probably not. Sadly the correct answer is probably to borrow until things change. That's the general idea of economics, you save when times are good and then you spend from your savings when times are bad. Unfortunately the liberals spent when times were good and then also spent when times were bad, and then spent when times were good again so we are so far in debt the borrowing anymore seriously jeopardizes our future. Unfortunately we will probably have to just do it anyway and take the pain in the future where future generations will have to live without because Trudeau couldn't get his crap together and voters were too stupid to think about anything beyond 5 minutes from now. But there's really no choice, it very much is like going to war. You paid the money and build the tanks and guns you need or you lose Quote There are two types of people in this world: Those who can extrapolate from incomplete data
500channelsurfer Posted February 12 Report Posted February 12 40 minutes ago, CdnFox said: you save when times are good and then you spend from your savings when times are bad. This has not really been the norm for most governments for the last 40 years or so. But a return to this Keynesian school in governments should be welcomed. There is evidence it is growing as can be evidenced from Trump's sovereign wealth funds proposal. In the meantime, as you say, we will unfortunately likely be spending. Since that will be the case, it should make sense to funnel some of that spending into crown corporations to make up for the businesses leaving and closing as betsy mentioned, as well as to maintain consumer supplies, which may diminish as tariffs increase, and have some assets that could either be sold off when more "normal" economic times return, or used to generate some income to pay off some of this spending debt. Canada has a long history of successful crown corporations which has diminished over the last 40 or so years. Quote
betsy Posted February 12 Author Report Posted February 12 (edited) 12 hours ago, herbie said: Amazing how people touting themselves loudest as Conservatives must resort to utter lies and extreme hyperbole. Trudeau didn't scrap that pipeline HE MADE SURE IT GOT BUILT and it's running right now as you post your bullshit EVERY level of govt invested in EV tech We don't FUND other countries, unless you're brain is as warped ad The Doinald we send AID and yes military aid to Ukraine. Dick shit to Russia Oh, you great govt wouldn't have spent anything? You'd cut spending to boost the economy? As ass backward as you are truthful. How much did it cost us, taxpayers? We could've had it for free! Its construction was a lengthy, costly process. The Trans Mountain pipeline expansion was first proposed in 2012 by Kinder Morgan Canada, which encountered so much environmental and Indigenous opposition that it ultimately threatened to scuttle the project. The federal government purchased the pipeline for $4.5 billion in 2018 in an effort to get the project over the finish line. Once construction did start, the project ran into numerous delays and budget overruns, with its price tag spiraling over the course of four years to an eye-popping $34 billion. But there are clouds ahead. The Trans Mountain pipeline expansion is now one of the most expensive routes for oil shippers to move their product out of the Western Canadian Sedimentary Basin, due to increases in its tolls (the term for the fees Trans Mountain Corp. charges to move oil). Trans Mountain Corp, a Crown corporation, wants to hike the tolls even higher, to help cover the massive cost overruns incurred while building the pipeline. But oil companies are pushing back, arguing the proposed toll increases are twice the amount of a 2017 estimate and place an unfair burden on pipeline customers. The Canada Energy Regulator is scheduled to hold an oral hearing on the tolling dispute next spring. Simon Fraser University professor Thomas Gunton, the author of a report on the tolling issue, said the industry norm is that oil companies are the ones who cover the operating and capital costs of the pipelines they ship on. He said if the CER determines the oil industry should not have to pay for the bulk of this government-owned pipeline project’s cost overruns, then taxpayers will be left on the hook. “The tolls that are set now cover less than half of the capital costs of this pipeline,” Gunton said. “It would be unique in the world, and represent a significant fossil fuel subsidy, to have the taxpayer covering a sizeable proportion of the cost of shipping oil for the oil industry.” Gunton suggested a levy should be applied on all barrels of oil being shipped out of Western Canada until the costs of the Trans Mountain expansion project are recovered. “There is no justification for providing a taxpayer subsidy to a private pipeline, even if it results in improvements to the Canadian economy,” This report by The Canadian Press was first published Oct.21, 2024. https://energynow.ca/2024/10/six-months-on-what-has-the-trans-mountain-pipeline-project-achieved-and-whats-next/ Edited February 12 by betsy Quote
betsy Posted February 12 Author Report Posted February 12 (edited) So, we're planning to sell it now at a loss price! Who's the lucky guy who gets to buy it ................that's who I want to know! Who are sitting at the board or owners of the company who eventually buys it? And by the sound of it, we'll most likely going to subsidize it! (refer above to previous article) FOLLOW THE MONEY! Nov 08, 2024 Federal government faces potential loss if Trans Mountain pipeline sold: budget watchdog Government-owned Trans Mountain Corp. had assets of $35.2 billion, liabilities of $26.9 billion and shareholder equity of $8.3 billion, as of Dec. 31, 2023. "If the Trans Mountain Pipeline system was sold in 2024 at either of the (present values) calculated by PBO, after the outstanding liabilities are repaid, the remaining amount would be less than the shareholder's equity. TMC would have to write off the balance of the equity and record a loss." Now that it is completed, Canadian oil production is smashing records, and economists say Trans Mountain will provide a lift to the GDP of both the province of Alberta and Canada as a whole this year. The federal government has said it does not wish to be the long-term owner of the pipeline and has already launched the first of what is expected to be a two-phase divestment process. https://www.cbc.ca/news/politics/government-potential-loss-trans-mountain-sale-1.7378043 Anyway - that pipeline was just one of many boondagles from the Trudeau government! The LIBERALS doesn't know how to handle taxpayers' money, responsibly! Don't think under Carney's leadership it would be any different! Heck! He was the brains behind most, if not all of Trudeau's economic decisions! And, he's a radical climate-change enthusiast! That's how we ended up with a massive deficit..............with nothing to show for it! Edited February 12 by betsy Quote
Chrissy1979 Posted February 12 Report Posted February 12 9 hours ago, Army Guy said: Tal kabout lies.....The liberals purchased it because Justin would not do anything about the protestors' and all the delays they caused.......so the private sector just said see ya, after they got 10 times what that pipe line was worth. Justin didn’t do his job as a local policeman? Was that before he was a drama teacher? You “patriots” will stoop to any level to denigrate your country, even when its very existence is threatened. 1 Quote
Army Guy Posted February 12 Report Posted February 12 3 hours ago, Chrissy1979 said: Justin didn’t do his job as a local policeman? Was that before he was a drama teacher? You “patriots” will stoop to any level to denigrate your country, even when its very existence is threatened. No as the PM he failed to tell the RCMP to act before the public sector walked......we can talk about the PMs credentials later if you want.... Not sure how you can tie all of my comments into denigrate our country, Maybe you can explain that or are you just chirping....when this liberal government has done more damage to THIS country than any other administration you must be proud to support the liberals who have done all the damage, and hate other Canadians because of a difference of opinions... Quote We, the willing, led by the unknowing, are doing the impossible for the ungrateful. We have now done so much for so long with so little, we are now capable of doing anything with nothing.
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