Liberal budget...

[Army Guy]

I'm surprised no one is talking about the budget....but rather deflecting on a floor crosser.....For a guy that is suppose to be a banker, investor , a financial wizard, why are other leading experts having doubts on this budget as it was presented....I mean i look at the numbers and say 78 bil that's a Poop ton of loonies, and what did or are we getting for it...not a whole lot really....and that's the first budget, can't wait to see the 3 rd or 4 th budget...And the liberals are touting this as the holy grail of budgets...

I like to know what liberals are think is this get the job done or is not high enough...

[August1991]

1. CBC/federal Liberals made this budget as a big deal.

-It isn't.

2. Our Federal government is borrowing more

-true

-but we Canadians can collectively borrow more

 

[August1991]

Whether borrowed or taxed, on what are we spending this money?

-submarines

-F-35s

-butter/milk 

[Army Guy]

20 hours ago, August1991 said:

 

-but we Canadians can collectively borrow more

 

According to the PBO we are at the tipping point right now....according to other experts we are close to our limit without having our credit rating down graded which would mean more interest tacked on and more debt...And what happens if we as a nation have another crises like covid or something else, there will be no more borrowing room.... 

[CdnFox]

Absolutely nobody in the professional world seems to like this budget.

My guess is carney had a lot of ideas as to where he wanted to go and a lot of his people who are still  ex-trudeau Didn't like it and what we're seeing is a budget by committee that just didn't work out well.

Why in the hell they decided to take the taxes off of luxury yachts and personal aircraft utterly flabbergasts me. Honestly, that was the big priority to make life more affordable?

And during a time of housing crisis why did he take the tax off of vacant homes?

A lot of the other policies start off as good ideas but the implementation is horrible. Being able to immediately depreciate Capital expenses is great but it doesn't cause investment in new business or expansion given the regulatory environment which the big companies have already said is a deal killer. So some domestic businesses are going to be able to write off their new computers but they would have bought those anyway.

And he's starting up about four or five new bureaucracies above and beyond the ones he's already in announced. Special organizations with their own budgets to deal with everything from AI to charity housing of which they already had four. All of those cost money and all of them will be wasteful

And anything in the budget that might actually work won't work for another 3 years or so. That's when you might start seeing some of the benefits maybe if they materialize, but in the meantime people will see all this money going out the door and won't see a single benefit from it.

It is a simply staggering amount of money with no path to return to balanced budgets ever. He claims operating will begin to slowly reduce to still over what should I was spending but that's just smoking mirrors.

This is just horrible. There's just not much to say.

All we can hope is that Canadians will notice that they're getting no benefits and that inflation is still going up thanks to this kind of budget and get sick of carney before any severe damage is done

[August1991]

On 11/8/2025 at 5:42 PM, Army Guy said:

According to the PBO we are at the tipping point right now....according to other experts we are close to our limit without having our credit rating down graded which would mean more interest tacked on and more debt...And what happens if we as a nation have another crises like covid or something else, there will be no more borrowing room.... 

Disagree. Strongly.

PBO? Canadian governments are not Ponzi schemes.

No government in Canada borrows faster than it spends. Canadian governments are sustainable.

=====

The US federal government is not sustainable.

It borrows faster than Americans can generate wealth. 

 

[August1991]

22 hours ago, CdnFox said:

Absolutely nobody in the professional world seems to like this budget.

...

Carney wants to spend money on military, submarines.

To appease the US, Trump 

Edited November 10, 2025 by August1991

[Army Guy]

20 hours ago, August1991 said:

Disagree. Strongly.

PBO? Canadian governments are not Ponzi schemes.

No government in Canada borrows faster than it spends. Canadian governments are sustainable.

=====

The US federal government is not sustainable.

It borrows faster than Americans can generate wealth. 

 

LOL, why are we 1.4 trillion in debt...Is it because we spend more than we make....or are you using the new math...

[CdnFox]

19 hours ago, August1991 said:

Carney wants to spend money on military, submarines.

To appease the US, Trump 

Does he? We've been talking about it and that is a purchase that would make a lot of sense but there was no money for submarines in this budget. Apparently we've been shopping for them but here we go with nothing

[August1991]

On 11/10/2025 at 6:53 PM, CdnFox said:

Does he? We've been talking about it and that is a purchase that would make a lot of sense but there was no money for submarines in this budget. Apparently we've been shopping for them but here we go with nothing

It makes no sense.

-Canada does not need submarines

-Carney is saying this to make Trump happy (as if that will work)

[August1991]

On 11/10/2025 at 6:30 PM, Army Guy said:

LOL, why are we 1.4 trillion in debt...Is it because we spend more than we make....or are you using the new math...

Our federal debt is now $Cdn 1.4 trillion (thanks to Justin!)

Canada's GDP is about $ Cdn 2.2 trillion.

Canada's federal debt-to-GDP is still below 100!

=====

Unlike the US government, Canada's federal government is not a Ponzi scheme.

 

[August1991]

To be clear:

Various US governments are borrowing faster than the US economy is growing, faster than these governments can tax.

A Ponzi scheme.

We Canadians are similar - but our governments started from a better position. 

[herbie]

And the biggest complaint among Canadians:

They didn't budget enough for X, Y, or Z.

[CdnFox]

1 hour ago, August1991 said:

It makes no sense.

-Canada does not need submarines

 

Sure we do. They're critical for several reasons. Why is it you think we don't need any?

Quote

-Carney is saying this to make Trump happy (as if that will work)

That is a real possibility.

[Gaétan]

 

Can a reasonable person accept a budget like this?

ProgramBeneficiaries

Canada Child Benefit 6 million

National School Food Program 400,000

Canada Disability Benefit 465,000

Old Age Security Program 7.5 million

Canada Student Loans and Grants 700,000

$10-a-Day Child Care Services 900,000

Canada Workers Benefit 3 million

Canadian Dental Care Plan 5 million

 

CategoryAmount (over 5 years)Description / Purpose

''B'' is billions

Total National Defence≈ $81.8 B Total federal defense budget for 2025-2030

Recruitment, retention, salaries, and health care $20.4 B Support for military personnel, improved working and health conditions

Infrastructure, ammunition, and training $19.0 B Bases, warehouses, firing ranges, logistics, ammunition supply

Military capabilities (vehicles, counter-drone systems, domestic munitions production) $17.9 B Modernization of equipment, armored vehicles, defensive technologies

Cyber-defense and digital capabilities $10.9 B Securing IT systems, protection against cyberattacks

Canadian defense industry support $6.6 B Assistance to domestic defense manufacturers and innovators

International partnerships and military assistance $6.2 B NATO cooperation, foreign military aid, joint operations

Average annual total≈ $16.36 B / year Five-year annual average

[CdnFox]

4 minutes ago, Gaétan said:

Can a reasonable person accept a budget like this?

 

I understand why you had to ask someone else that.   

[Gaétan]

7 minutes ago, CdnFox said:

I understand why you had to ask someone else that.   

We know you're paid to sugarcoat the rot.

[Legato]

Just now, Gaétan said:

We know you're paid to sugarcoat the rot.

This is Canada,  we use maple syrup to rot the sugarcoat.

[CdnFox]

16 minutes ago, Gaétan said:

We know you're paid to sugarcoat the rot.

Why would you sugar coat rot? It would still look like rot

14 minutes ago, Legato said:

This is Canada,  we use maple syrup to rot the sugarcoat.

I saw some really cool youtube vids where they used ramen noodles.  I kid you not. 

[Gaétan]

Direct Comparison: Social vs. Defense

CriterionSocial ProgramsDefense Spending

Beneficiaries~15,000,000 civilians~50,000 people (military + industry)

Beneficiary ratio≈ 300 times more beneficiaries—

Average annual increase≈ CA$2.8B/year≈ CA$3.16B/year

PurposeHealth, education, equality, family supportWarfare, armament, NATO alignment

Direct human impactPoverty reduction, well-being, inclusionIndustry profits, limited public benefit

Cost per beneficiary~CA$185/person/year>CA$63,000/person/year

Summary

Social investments benefit about 15 million people, while defense spending directly benefits only tens of thousands.

Yet both areas receive a similar yearly budget increase — around CA$3 billion.

The human impact per dollar is vastly higher in social programs than in defense spending.

Every dollar spent on social programs directly improves citizens’ lives, while defense dollars mostly flow to arms industries and a small workforce.

[CdnFox]

33 minutes ago, Gaétan said:

Direct Comparison: Social vs. Defense

CriterionSocial ProgramsDefense Spending

Beneficiaries~15,000,000 civilians~50,000 people (military + industry)

Beneficiary ratio≈ 300 times more beneficiaries—

Average annual increase≈ CA$2.8B/year≈ CA$3.16B/year

PurposeHealth, education, equality, family supportWarfare, armament, NATO alignment

Direct human impactPoverty reduction, well-being, inclusionIndustry profits, limited public benefit

Cost per beneficiary~CA$185/person/year>CA$63,000/person/year

Summary

Social investments benefit about 15 million people, while defense spending directly benefits only tens of thousands.

Yet both areas receive a similar yearly budget increase — around CA$3 billion.

The human impact per dollar is vastly higher in social programs than in defense spending.

Every dollar spent on social programs directly improves citizens’ lives, while defense dollars mostly flow to arms industries and a small workforce.

Looks like you copied and pasted something from somewhere without much regard for the formatting.

I understand that you don't have original thoughts but could you at least explain your point about the thoughts you're stealing from others?

[Gaétan]

21 minutes ago, CdnFox said:

Looks like you copied and pasted something from somewhere without much regard for the formatting.

I understand that you don't have original thoughts but could you at least explain your point about the thoughts you're stealing from others?

It comes from AI based on the budget and what you say comes from the cia more or less

[CdnFox]

2 hours ago, Gaétan said:

It comes from AI based on the budget and what you say comes from the cia more or less

I take it you use AI because you don't have the real thing yourself   Y'know, being a bot and all as you are  

(and cia? in canada? Really?)

[Gaétan]

3 hours ago, CdnFox said:

I take it you use AI because you don't have the real thing yourself   Y'know, being a bot and all as you are  

(and cia? in canada? Really?)

I have formulated truths and asked the AI to express them based on the available information. AI is “artificial” only in the way it writes texts — the texts themselves are real, just like the federal budget.

[CdnFox]

56 minutes ago, Gaétan said:

I have formulated truths and asked the AI to express them based on the available information. AI is “artificial” only in the way it writes texts — the texts themselves are real, just like the federal budget.

That's not how AI works.

And what you just claimed is that you already had an answer and asked AI to agree with you. That's always going to produce false results

But more condemning you didn't even mention what the hell you were trying to prove. You just made a bunch of useless statements

If you can't even articulate what you're thinking and you can't expect others to take you seriously