Carney's budget to show the 'cost to sovereignty': expertsCarney's budget to show the 'cost to sovereignty': experts

[CdnFox]

Carney's budget to show the 'cost to sovereignty': expertsCarney's budget to show the 'cost to sovereignty': experts

Short version,  it looks like carney is going to cut a little from some gov't programs and the civil service and then invest that money AND more in what he considered to be 'infrastructure' in the hopes it spurs job growth. 

It also sounds like he's thinking of taking a page out of harper's books and looking specifically at 'shovel ready' projects to a degree, which harper used with huge success during the recession of 2009 when carney was BoC chief. So he'll be familiar with that. 

The problem with that was that harper already had a fiscally sound house and had published 2 years of surplus before the recession, whereas carney is staring at an 80 billion dollar deficit this year if we're lucky. 

And the other challenge is that it works for a very short time, it's meant to be a 'bridge' to cover bad times to hold you over till things improve which it absolutely did but it's no solution for the mid to long term.  so doing that will leave us in exactly the same place unless there's something else major that we transition to and there doesn't seem to be anything on the horizon 

[eyeball]

1 hour ago, CdnFox said:

The problem with that was that harper already had a fiscally sound house and had published 2 years of surplus before the recession

Say what?

Harper's Deficit Record:

No, Stephen Harper did not leave a surplus

While Harper inherited a $13.8 billion surplus, this was quickly followed by seven consecutive fiscal deficits.

https://www.fraserinstitute.org/sites/default/files/examining-federal-debt-in-canada-by-pm-since-confederation-2020.pdf

He promised a couple but...he also never apologized for lying.

You see a lot of this in Canadian governments.

 

[CdnFox]

7 hours ago, eyeball said:

Say what?

 

Oh dear, your basic reading comprehension problems flairing up again i see 

7 hours ago, eyeball said:

Say what?

Harper's Deficit Record:

No, Stephen Harper did not leave a surplus

While Harper inherited a $13.8 billion surplus, this was quickly followed by seven consecutive fiscal deficits.

https://www.fraserinstitute.org/sites/default/files/examining-federal-debt-in-canada-by-pm-since-confederation-2020.pdf

He promised a couple but...he also never apologized for lying.

You see a lot of this in Canadian governments.

 

He was in for 9 years. HIs first two budgets were surpluses, then the recession hit, and his last budget was a surplus. 

7 pluis 3 = 9 

Why do i always wind up having to explain math to you?

Canada's deficits and surpluses, 1963 to 2015 | CBC News

So lets review what i said. 

Harper already had a fiscally sound house.  True.  He went two years with surpluses, 06 and 07.  then the great recession hit thanks to the housing crisis started by the democrats in the states 

SO his fiscal house was sound. He was at balanced budgets with surpluses and all was in control. 

And his debt to gdp was pretty low. 

Then the recession hit. 

His strong fiscal position let him go a little into deficit, and then make the bold statement that he'd return to surplus in 5 years. He laid out a plan and set targets for each year and by god he hit them.  Finished with surpluses again. 

So for HIM it wasn't so hard to pull work forward from the future. All he had to do was recover from the world wide recession, his house was already in order. 

Now we're in a recession again thanks to carney and the liberals. But this time, even when times were GOOD we were ALREADY running 50 billion dollar deficits. 

 

Now.  Can you keep up with that or do i have to ask your mommie to take your mittens off so you can count along?

 

[herbie]

TWO BC projects made the top 5 priorities, Red Chris mine in the mineral part and expansion of the Kitimat LNG terminal.
Not at all surprised the Churchill terminal is there too.
But an LNG pipe east should've been pushed too.

[CdnFox]

38 minutes ago, herbie said:

TWO BC projects made the top 5 priorities, Red Chris mine in the mineral part and expansion of the Kitimat LNG terminal.
Not at all surprised the Churchill terminal is there too.
But an LNG pipe east should've been pushed too.

None of that's going to do much and as i understand it they're sayng they WOULD do this IF someone comes along and offers to build, it, but industry is basically saying they're not interested under the current regulation. 

[herbie]

Actually there are already expansion plans at both places, and another LNG one near Prince Rupert. Plus a $9B terminal in Woodfibre.
They will all go now with federal support.

And an SMR in Ontario. That's the main problem with nukes, it takes longer for approvals and permits than anything else. And the main idea of SMR is to build many to make them cost effective.

[CdnFox]

1 hour ago, herbie said:

Actually there are already expansion plans at both places, and another LNG one near Prince Rupert. Plus a $9B terminal in Woodfibre.
They will all go now with federal support.

 

if they already had the plans they didn't need federal support and this is just smoke and mirrors 

It IS a common liberal trick to reannounce deals that are already done so that wouldnl't surprise me. 

But as i noted industry has said they're not interested in doing any major projects with the liberals.  So at the end of the day the economy wont' improve and people will figure that out pretty quick

[I am Groot]

More likely it will show the cost of ten years of incompetent government.

[CdnFox]

10 minutes ago, I am Groot said:

More likely it will show the cost of ten years of incompetent government.

yeah, basically the cost to buy sovereignty back from the pawn shop the libs sold it to over 10 years ,

[herbie]

1 hour ago, CdnFox said:

if they already had the plans they didn't need federal support and this is just smoke and mirrors 

It IS a common liberal trick to reannounce deals that are already done so that wouldnl't surprise me. 

OMG many of my friends accuse me of being negative just for pointing out obstacles. You should lighten up and try to see silver linings once in a while.

[CdnFox]

44 minutes ago, herbie said:

OMG many of my friends accuse me of being negative

I'm shocked. No, really! Shocked i say!

Quote

just for pointing out obstacles. You should lighten up and try to see silver linings once in a while.

So here's the deal. Our country is literally in risk of a serious financial collapse. We are almost certainly already in a recession, we'll find out fairly soon, and there's a very real threat of a depression given the trade war threats, or at least a very deep and wide recession. 

We desperately desperately need our economy to do a major pivot. Right now and for the last couple of years investment is leaving canada, first time we've seen that in history.  Our productivity is in the tank. Our deficit is insane, we literally borrow more every five years than the combined debt trudeau started with from the 150 years befoe he too over. 

That's real. It's not 'pessimism' or optimism, it's just the simple fact. 

We need the gov't to set the stage for massive investment and the kind of infrastructure projects that consume the materials we produce such as steel and use the services we can provide such as engineering and the like to massively increase the value of the materials we produce such as oil and natural gas. 

If we don't, we're going to have a long long long period where we're not really a first world class country anymore. 

Carney needs to dump ALL regulation and make this happen, whatever it takes it's got to happen. 

Instead he's screwing around with stuff that's about the optics, not the reality. 

 

You can say what you like but there's no getting around that.  If we don't get some projects that are pretty damn major green lit this winter our economy will be falling apart by spring and we will have to take whatever deal trump puts on the table just to scratch out a living. 

This is game time, and it's not a joke. 

[herbie]

21 minutes ago, CdnFox said:

So here's the deal. Our country is literally in risk of a serious financial collapse. We are almost certainly already in a recession, we'll find out fairly soon, and there's a very real threat of a depression given the trade war threats, or at least a very deep and wide recession.

Omg you do need to get laid. Or you're habituated to doomscrolling.

[CdnFox]

4 hours ago, herbie said:

Omg you do need to get laid. Or you're habituated to doomscrolling.

Awww herbie,  did you ger your fewwings hurt again by the truth?  LOLOL

Those were serious points backed up by facts. And apparently it scared you so badly you soiled yourself and were unable to reply or address or refute any of them.

Nobody thinks particularly highly of you here. And this was an opportunity for you to actually say something intelligent. Your response should be perfect indication to you as to why nobody thinks particularly highly of you here. What a waste of a person you are

[herbie]

12 hours ago, CdnFox said:

Nobody thinks particularly highly of you here

You need to buy yourself a Tesla. And eat a little of it day by day for the lithium.

[CdnFox]

30 minutes ago, herbie said:

You need to buy yourself a Tesla. And eat a little of it day by day for the lithium.

yeaaahhhhh....  that doesn't make it sound like you've got mental health issues at all there big guy  

If I DO buy a tesla, do you promise to triple it's value with your magic credit card?   

[Army Guy]

On 9/11/2025 at 2:34 PM, herbie said:

 

 

21 hours ago, herbie said:

Actually there are already expansion plans at both places, and another LNG one near Prince Rupert. Plus a $9B terminal in Woodfibre.
They will all go now with federal support.

And an SMR in Ontario. That's the main problem with nukes, it takes longer for approvals and permits than anything else. And the main idea of SMR is to build many to make them cost effective.

Gear down there cowboy according to the media BC indigenous groups have already said the feds have not given any serious consultation with any indigenous groups , Nobody has brought around the money bags and until they do your projects will be held up like the pipelines.. you should have known this would be a problem...

[paxamericana]

On 9/10/2025 at 3:20 PM, CdnFox said:

Carney's budget to show the 'cost to sovereignty': expertsCarney's budget to show the 'cost to sovereignty': experts

Short version,  it looks like carney is going to cut a little from some gov't programs and the civil service and then invest that money AND more in what he considered to be 'infrastructure' in the hopes it spurs job growth. 

 

Canada lacks the consumption demographic to support further infrastructure development. As you all begin retirement you will withdraw your investment into slower growth financial vehicle. Putting a crunch on capital availability for higher risk investments (consumption based lending). Canada and much of the developed world is in this economic death spiral. All while governments spending soar from pension and related services. Mass Capital flight is already happening because of this. And the place where it will go is….

America. Our higher birth rate and immigration rates means that we will be the only consumer market for at least another 40 years , assuming we closed off our border completely and maintain the same sub replacement birth rate this moment hence. However, the trick up Trump’s sleve that isn’t publicly known yet,  is that he is setting the stage for mass skilled labor immigration from the developed world who aged out. Meaning we will be letting in young Canucks and the rest of the world with a bachelor or higher education in over the next decade. Cementing America as the preeminent power. 

[CdnFox]

59 minutes ago, paxamericana said:

Canada lacks the consumption demographic to support further infrastructure development. As you all begin retirement you will withdraw your investment into slower growth financial vehicle. Putting a crunch on capital availability for higher risk investments (consumption based lending). Canada and much of the developed world is in this economic death spiral. All while governments spending soar from pension and related services. Mass Capital flight is already happening because of this. And the place where it will go is….

America. Our higher birth rate and immigration rates means that we will be the only consumer market for at least another 40 years , assuming we closed off our border completely and maintain the same sub replacement birth rate this moment hence. However, the trick up Trump’s sleve that isn’t publicly known yet,  is that he is setting the stage for mass skilled labor immigration from the developed world who aged out. Meaning we will be letting in young Canucks and the rest of the world with a bachelor or higher education in over the next decade. Cementing America as the preeminent power. 

Now I know you're from Alberta   

First off aging populations dump tons and tons of money into the economy. They're a drain on government tax resources but they're a huge power to the economy. So you kind of got that wrong

Secondly Canada absolutely has enough of a demographic. The problem is we've never tried to address that and we have too many interprovincial trade barriers. As things stand it's easier and cheaper to bring in and sell wines in Alberta from California that it is British Columbia. We have basically made peace with the idea of shipping our raw resources to America and then buying back the products in a processed form

We can stop doing that and if we do we have the market for our stuff. But nobody's actually doing that right now

[paxamericana]

1 hour ago, CdnFox said:

They're a drain on government tax resources but they're a huge power to the economy.

No, past age 45 the consumption season of your life is over. Kids are out of the house and it’s paid off . Between 55-65 you’re saving up for retirement with high capital investments. But at 65 plus you move your retirement money into treasury bond and slow riskier investments. The Data back this up too by the way. Canada’s largest generation is already retired taking their capital investments into cash and other liquidated securities.

[taxme]

On 9/10/2025 at 1:20 PM, CdnFox said:

Carney's budget to show the 'cost to sovereignty': expertsCarney's budget to show the 'cost to sovereignty': experts

Short version,  it looks like carney is going to cut a little from some gov't programs and the civil service and then invest that money AND more in what he considered to be 'infrastructure' in the hopes it spurs job growth. 

It also sounds like he's thinking of taking a page out of harper's books and looking specifically at 'shovel ready' projects to a degree, which harper used with huge success during the recession of 2009 when carney was BoC chief. So he'll be familiar with that. 

The problem with that was that harper already had a fiscally sound house and had published 2 years of surplus before the recession, whereas carney is staring at an 80 billion dollar deficit this year if we're lucky. 

And the other challenge is that it works for a very short time, it's meant to be a 'bridge' to cover bad times to hold you over till things improve which it absolutely did but it's no solution for the mid to long term.  so doing that will leave us in exactly the same place unless there's something else major that we transition to and there doesn't seem to be anything on the horizon 

Alberta is not concerned about Carney's budget because Carnage the destroyer will only be talking lies and spreading bullshit once again. It is the eastern parts of Canada that will be grasping at straws once Alberta separates from the french Quebec elites control of Canada that have pretty much destroyed Canada and especially Alberta from becoming the wealthiest province in Canada. The east has stolen hundreds of billions of Albertans tax dollars and gave most of it all away to the eastern thieves in Quebec and Ottawa. Quebec is a part of the WEF globalist movement to enslave the world and give the world WEF globalist communism. Carnage the destroyer is trying to bankrupt Canada and turn it into a 3rd world multicultural shit hole. Prove me wrong as Charlie Kirk always said.

The WEF globalists hated Charlie Kirk because he was telling the people the truth. It is thanks to those globalist scumbags that Charlie is not among us anymore. They went and got some stupid leftist lieberal brainwashed buffoon to assassinate Charlie and do the dirty work for them. Those globalist are very happy today that Charlie is not around any longer. It is one less conservative activist for them to have to deal with. Believe it or not. ☹️

[CdnFox]

51 minutes ago, paxamericana said:

No, past age 45 the consumption season of your life is over. Kids are out of the house and it’s paid off . Between 55-65 you’re saving up for retirement with high capital investments. But at 65 plus you move your retirement money into treasury bond and slow riskier investments. The Data back this up too by the way. Canada’s largest generation is already retired taking their capital investments into cash and other liquidated securities.

You're quite wrong.  Past 55 you suddenly require a great deal of care. People begin to move into care facilities and assisted living, of which there's an insane amount in canada and provides much work. They tend to downsize and want nice smaller homes in specific retirement communities (often where their friends are).  Communities such as Qualicum on Vanvouver island start popping up and that provides huge amounts of work, They start paying to have their lawns done and homes maintained. They tend to eat out a lot and drive the local 'touristy' type industries.  THey have more time for golf and other activities which all cost money and drive activity. 

In addition as they die they pass that wealth to a younger generation who then tends to spend it. 

 The biggest threat of older people is the cost of health care, but other than that they are a major net benefit to an economy.