So, cadets, Monday is B-Day. Finance Minister Jim Flaherty will bring in his second, and last, federal budget. It will set the scene for the government going to the polls in a general election PMSH will force sometime in April (my previous betting was April 23).
Flaherty’s economic punch will be closely coordinated with the other pre-election hoopla now sweeping the land, including the $6.9 billion in new spending made over the last month. The fighting Irishman from Whitby will soon take the title from Paul Martin as Canada’s Spendiest Politician, with (a) another GST cut, (b) corporate tax cut, (c) massive farm subsidies, (d) working tax benefit, (e) buckets of cash for the provs, (f) pension-splitting, (g) environmetnal superfund, (h) income tax cut, (i) new child care spending, (j) and maybe income-splitting, or the promise of it to come.
The budget will increase government spending from last year by close to 15%, and put the feds in an all-new category for dispensing cash. The phrase, “spending like Liberals” will officially be retired as Stephen Harper and his financial sidekick set out to prove that an election can, in fact, be bought.
My position on this is simple: Yes, we need billions for the environment. We need to cut taxes so long as Ottawa is over-taxing by $13 billion a year (the surplus) and, yes, productivity is increased when businesses have more cash to invest. And, absolutely, middle-income, middle-class families – the cash cows of the fiscal system – need a break if we are to avoid a coming demographic and retirement time bomb.
But this level of spending is more than alarming. It spooks.
Any government, of whatever stripe, that hikes federal spending by three times the rate of inflation and does so when we are past the top of the economic cycle is being irresponsible and short-term. It is something Trudeau never understood, and which Mulroney failed to see coming in his final two years. The legacy of both prime ministerships was a recession. With real estate where it is now, well, gulp.
So, what would a Dion government do differently?
Hmmm. Cannot answer that yet, since the play book is still being written. But if they hand me a few pages of it, the moves would be decidely different. More news on that – soon?
In the meantime, MPtv got out to ask Real People how their tax money should be spent. Here is what they had to say.
To watch the video, click here.
98 comments ↓
Hmmm… a $13 Billion surplus would sure pay for a lot of environmental infrastructure. Or instead of a GST tax cut, how about a tax cut on Hybrid cars? If every car was a hybrid, you would not need an idling by-law which means by-law officers can focus on other things. If every car was a hybrid, grid-lock on the DVP, QEW, (insert roadway here), would be quiet and less harmful to the environment. Picture that thousands of cards jammed on the highway, making no sound and spewing out nothing. It sure is a good environmental argument… too bad the economics make the hybrid car not affordable even if you take the gas savings into account. However, if you were to drop the tax on the hybrid, perhaps other manufacturers would be forced to compete resulting in the technology becoming better and the price going down… computers are cheap these days, hybrid cars will be one day too! Can we make it happen sooner rather than later?
The Canadian People and Paul Martin should be taking credit for getting Canada’s fiscal house in order. They set the fiscal table for PMSH. My sense is that those efforts will be totally forgotten.
However, we do need a balanced approach with a specific address to the needy.
It’s time to address the other deficits
Globe & Mail—Wednesday, March 14, 2007
http://www.rbcinvest.theglobeandmail.com/servlet/ArticleNews/PEstory/LAC/20070314/COEDDIE14/Comment/comment/comment/2/2/3/
This country seems to have no interest in helping Canadians have children:
Population growth will likely be all immigration by 2030
JILL MAHONEY
From Wednesday’s Globe and Mail
Immigration is fuelling two-thirds of Canada’s population growth and will likely become the only source of gains by 2030, according to a national census snapshot released yesterday.
http://www.theglobeandmail.com/servlet/story/RTGAM.20070314.wcensusmain14/BNStory/National/home
Cannot answer that yet??? Come on Garth you must have an idea what should be done. You note that the environment is important, that business needs tax breaks, as does the middle class. Since when do you need to wait for the play book writer??
Tell us which specific program announcement you disagree with, and how you would handle the issue, oh and keep in mind your constituents desire while you do that..
It is something Trudeau never understood, and which Mulroney failed to see coming in his final two years. The legacy of both prime ministerships was a recession. – Garth
While I agree with 90% of your comments, this one I can’t. All a Canadian government can do is to get the country’s financial order in a position to weather a recession, or to benefit from the following recovery.
Recessions and recoveries are global in nature. And I would say, only large economies such as the US and China can have the impact to precipitate a globl recession/recovery. An economy the size of Canada’s, mainly based on resources and minerals, can only follow along for the ride.
So for PET and BM (no these are not two medical terms!), their legacies are not the recessions, but how the country’s economy coped and the state of the countries finances at the time.
And that’s why PMSH’s spending is so worrying. If he’s close to being the sort of Christian wackjob people make him out to be, he surely know the story of Joseph in Egypt, and the seven good years followed by seven bad. (If you don’t know it look it up.)
And even if you believe this story to be fiction, it has a moral to be applied to the economy:
The economy goes in cycles around 8 to 10 years long. We’ve already had the best part of the current cycle. When the
bad part come will PMSH’s uncontrolled spending put the ecconomy in a position to weather the storm, or undo all Paul Martin’s good works as finance minister and put us in a position to be hit hard?
PS. To my fellow Christians, we’re not all wackjobs….but that’s another debate and soapbox!
Garth,
“We need to cut taxes so long as Ottawa is over-taxing by $13 billion a year (the surplus)”
I hold that as long as Canada has a a national debt that we do not actually have a surplus. Old fashioned thinking I suppose in a world of unlimited credit, and meaningless money, but still what I deem reality.
Nations have printed and spent money all while becoming obligated to the World Bank, International Monetary Fund, as well as their own banks.
I guess my simple old mind still says if you owe…it is called a liability…If you have it free and clear it is called an asset. And if what the bottom line shows is more red than black…you are in debt, not free, and obligated to a Master somewhere.
BTW, all the ’spending’ Harper has been doing recently…has anyone actually received a cheque and been able to cash it…or is it all the obvious smoke and mirrors of IOU/IRE (I Owe You…If Re-Elected)?
Maybe I missed the boat when things went to the Wimpy Budgeting System…’I will gladly pay your Tuesday for a hamburger today!’?
Nice to see Dion is letting you in on writing the LPC playbook.
Please post some pages of it on your blog when they let you get your hands on it.
Yeah, right. — Garth
When thinking of ways to spend the “surplus”, let’s not forget about the cost of servicing our $600+ Billion debt.
I dream of what my cash flow will look like when I’m free of mortgage payments at home. It would be awfully nice to see the same on a Federal level.
I don’t know if you’re reading this Mr. PM, but could you please let the pork barreling/spending spree wait until then?
Garth, I’d also ask you to not let your teammates forget about debt reduction when writing your new playbook.
Hi Garth, I feel that many of the Conservative’s recent annoucements are positive as they fund and support worthwhile intitiatives that will improve life for many Canadians. I also find it refreshing that the conservatives are talking about more than just tax cuts.
That said, it is obvious most people, except Jack Layton, want an election sooner rather than later. With this in mind:
Isn’t it risky to bring down the Conservatives because they are spending TOO much? Predictions on potential future economic uncertainty are just that — predictions — and therefore not real evidence that overspending is dangerous.
How is the “no” side going to get Jack Layton’s support? He certainly can’t argue against overspending.
Thanks,
-R
I think it is important to point out that a lot of this spending are one time things – like the ecotrust money. Next year it will spent on something else.
It will be interesting to see how the opposition votes on the budget! My money is on it passing and if the Liberals are the deciding factor they will abstain. We will see!!
I dream of what my cash flow will look like when I’m free of mortgage payments at home. It would be awfully nice to see the same on a Federal level.
Well, if we ran our books the way the government runs theirs, not only would we be bankrupt, but also revenue Canada would put us in jail for life.
I don’t know if you’re reading this Mr. PM, but could you please let the pork barreling/spending spree wait until then?
Couldn’t agree more, unfortunately the other side will scream as soon as a penny gets cut from ANY program, just as loud as they scream when a penny gets added to ANY program. It’s the nature of the opposition. No win situation.
Even more now, when the Lieberals have decided that they will not support ANYTHING that this government does, even if it involves voting against their own freaking legislation (as in the case of the Anti-Terrorism bill).
For crying out loud, how can you complain about overtaxation while we’ve got a massive debt? CUT THE DEBT. I complained about Liberal attempts to buy the last election, and I’m complaining now about Conservative attempts to buy this one. Stop using my kid’s money to buy your freaking elections!
Sorry. I get cranky when I hear people talking about “overtaxation”. I’ll try to control myself.
I hope they leave the GST alone-the last cut wasn’t noticable.
I would rather see any government plow the surplus into investing for the future-infrastructure for major cities,education,health care and the environment–maybe some tax cuts for the lower and middle class.
My concern with the above is how money like that is spent–none of then understand “value for dollar” and “results oriented accountability”
It seems to me that there are two issues with regard to the current rash of program spending by the government.
(1) Most of these programs will transfer tax revenue away to elite groups. This is the kind of wealth transfer that is typical of right wing governments.
(2) These transfers are based on major growth projections over the next few years. If the actual figures are lower there will need to be proportional cuts that will have to come from areas other than the ones that are now official new government programs. No political party going into an election wants to tell the voting public who will have to sacrifice for these expenditures.
JMCCAIN – They are the opposition, it is their job to oppose…harper opposed for years and NEVER agreed with the Libs…The true merit is when the opposition gets into power if they hold the same morals and arguments they had while in opp…..Seems like Harp’s forgot everything he yelled about for the last 8 years, hence him and his party are morally bankrupt…They Harp and gripe enough to get elected then pull the same thing but worse…If you want to call the Libs liars, thats your choice, but at least they stick to their own gripes….Harper however does not…The real question is if Harp’s gets that majority will we see the same thing we see now, well I’m gonna say NO, but thats just my opinion…
Harper is running around the country buying votes on “taxpayer” money. It’s our tax dollars he’s spending, but it’s also “our taxpayer” dollars that are paying for his chronic campaigning.
Also, why is he spending money on environmental issues when the Conservatives are supposed to be working something out with the other parties – THAT plan has been completed yet.
In other words, Harper has NO interest in working with the other parties, has succeeded in making a fool of the NDP, etc.
I can’t even stand looking at him any more – every time you turn around he’s on TV – ever heard about “over exposure” Mr. Harper? Because you sure have it. In the entertainment world this can ruin a career – too bad it wouldn’t ruin yours.
So, will the Conservatives pay back the taxpayer dollars spent on air fare, accomodation, meals, his cabinet running around with him for the last year?
Garth, dont you think it is a little premature to criticize Government Spending before you even know your own parties position?
What do you think Stephen Harper’s government will do regarding spending if they achieve a majority government?
And Dion’s majority government?
Just asking.
Garth
“So, what would a Dion government do differently?”
Probably spend more because all he`s been doing is emphasizing ‘Tory Cuts”.
You don`t seem to be on side with your leader when you criticize Tory spending.
Truth: we had 13 years of liberal government to base a judgment on “liberal” spending. Over those years, the Liberals have proven themselves by cutting spending, balancing the budget and paying down the debt.
Chris Salter,
“Stop using my kid’s money to buy your freaking elections!”
In one sentence you have stated the crux of the matter! Congrats and well said!
Funny how Conservatives despise societal leeches (as they love to call the less fortunate), yet they have no qualms whatsoever about taking the future from the next generations…time and time, and time again. Both here and in the U.S.! Mulrooney, Harris, Reagan, Bush, and now Stephen Harper!
HYPOCRITES!
The question of “government spending” by either Liberals and Conservatives is not one of whether to spend but on whom to spend.
The new government’s spending cuts and new spending reflect a certain set of values: take from those who have less and give to those who have more. This is based on the underlying belief in the positive effect of wealth concentration and inequality and the use of the state to achieve that objective. This is part of the trickle down economics theory so favoured by neo-conservatism.
That does not meant that the Liberals under Chretien and Martin (as Finance Minister) were much different. Liberals have been extremely effective in campaigning from the left than governing from the right.
You have to hand it to the Liberals for creating the impression that they are a “left wing” party and to the Conservatives for creating the impression that Stephen Harper is a populist. It makes no difference whether the perceptions are accurate or not because politics is the art of deception.
If it weren’t for the Liberals masterful management of the economy the neos would not have billions of dollars to throw around like drunken sailors .
Strongest economy in the G8,ten years running .
Sure cuts had to be made but now the economy is on auto-drive at least until Tweedledee and Tweedledumber ruin all that hard work by giving it all away in one fell swoop .
Yea,the neos really are ‘New’ and haven’t a clue .
Elias-
Then you must certainly support the Conservative budget, as it is neatly in line with the Liberal past, and meets all your critera.
PS- Past Liberal governments never cut spending, AFAIK.
“So, cadets, Monday is B-Day. Finance Minister Jim Flaherty will bring in his second, and last, federal budget.”
Is this hype, or is it definate a majority of MP’s will vote against the budget no matter what it contains?
It’s my prediction: An election will preceed the next federal budget. — Garth
Sure cuts had to be made but now the economy is on auto-drive at least until Tweedledee and Tweedledumber ruin all that hard work by giving it all away in one fell swoop .
Yea,the neos really are ‘New’ and haven’t a clue .
By Jackie Chan’s Left Hand on 03.14.07 2:32 pm
The Liberals hands are not lily white.
Sure cuts had to be made but it was the kind of cuts that were made that fueled the growing levels of inequality. As they removed money from social spending they increased funding for globalization so companies like Bombardier could build foreign factories. The trade minister was encouraging companies to transfer production to low wage areas such as China to increase corporate profitability.
They also encouraged foreign “investment” which amounted to nothing more than foreign ownership as foreign companies bought out Canadian assets without making new investments. After 2000 the impact of Liberal policies was an increasing outflow of capital from Canada as these investors took their profits, ran the enterprises into the ground, and fled the country.
The Liberal economic policies were designed to promote corporate globalization, Paul Martin’s major focus, which is designed to consolidate capital in fewer and fewer hands.
The long term impact of Liberal policy is rapidly increasing wealth for the economic elite, and stagnant or declining incomes for the vast majority. Now the Liberals have no other solution than to promote more education for our youth who often end up in minimum wage jobs selling imported junk or waiting on tables because the jobs they trained for are flowing to low wage environments.
Garth, some hopefully constructive criticism of MPTV; you might want to give a nudge to [him/them?] about push polling.
I’m all for asking questions, but the MPTV reporter seems to be leading people for the soundbites he wants, ‘education, health care, environment, whatever you want’… then predictably thats the answers he gets.
Journalism, unlike video blogging, has several key tennants.
-Find and report every side of a story possible
-Report without bias, illustrating many aspects of a conflict rather than siding with one
-When soliciting opinion, ask the exact same question of each participant
I understand this might be hard for MPTV to do, but they should try harder.
As a fun experiment, try adding/asking some people about funding for womens rights, and see if the response you get includes it. I think you’ll find that the answer is typically in the question when talking to people who don’t really have an informed opinion.
If what you say is really true then the old ill term spending money “Like Drunken Sailors” will now be & for now and ever more will be spending money “LIKE DRUNKEN COWBOYS HOME FROM THE RANGE” the really sad part is it was the West that demanded via an all out attack on the Conservative establishment that our Federal Goverment pay its bills and leave a future for our children. My oh my oh how things have changed. The West is in!
You are all wrong again. It was not Paul Martin who balanced the books and ended the deficit years. It was me , I had many of my govt. services cut, some taxes increased and did without some pleasures for all those years so that Paul Martin could direct my finances in a balanced manner. He was successful, and I am thankful that it worked. The one thing I give Martin the highest credit for is that he stopped the political propaganda and told it like it was . Now that our contry is on a solid footing and has some extra funds we have gone back to full blown political propoganda from every party. Shame on us !
Part of the Conservative budgets are a certain amount is set aside for debt reduction from the surplus,around $3.5 billion, and the savings on the debt interest repayment is passed on in tax savings and spending.
I find the interesting part of Garth’s post is this is Flaherty’s last budget. Seems he already knows how the budget vote is going to go(surprising because the details have not been released).
The classic feel good lie put out by our concerned government and it`s a hoot.
Here`s the deal, the presstitutes are saying “youth crime rates are down” but in fact only the number of incarcerations is down. First of all 72% of crime is committed by repeat offenders so one incarceration is no indication of a crime spree that is part of the youth crime rate. Second the police have already admitted their solution to youth crime is to quit arresting them. Third if any crime was truly down how is it that Vancouver reported a 7 fold increase while reported crime is now only 1 in 4 which increases the 7 fold by 4.
Yes you only need look around to see our youth is more troubled than ever but if you like feel good lies over the bad news truth this is a good day for you.
Here`s where they statscan slipped up
“This decline in admissions coincides with decreases in both the youth crime rate and the youth incarceration rate.”
They included the data on incarceration rates but no numbers on the youth crime rate (2 different things)and according to other sources it`s up.
http://www.statcan.ca/Daily/English/070314/d070314d.htm
Feel good folks, the lies are never ending.
Kevin M,
“Journalism, unlike video blogging, has several key tennants.
-Find and report every side of a story possible
-Report without bias, illustrating many aspects of a conflict rather than siding with one
-When soliciting opinion, ask the exact same question of each participant”
Please send a a copy of that to Fox News, and the National Compost! I imagine it will come as rather a shock to them, eh?
Now that some have sparked my tired old memory. Paul Martin did create a rainy day fund while he paid our huge Conservative debt. This will now be spent and the short & long of it all is our bank account will be gone. So should the economy go south (and it will like the TSX) this goverment will be using the good old plastic cards.
Why Why Why Garth?
Dion supports Tory gun crimes measures,
http://cnews.canoe.ca/CNEWS/Canada/2007/03/14/3749493-cp.html
and no election in the forseable future. Garth I think you better look into what the dumb big mouth leader of your is doing. Hell you told us an election by April, and how dare him to support Stephen Harpers tough on crime.
$3.5 billion towards debt reduction? It doesn’t go far enough as far as I’m concerned. Income splitting and full-on debt reductions are the best priorities for a healthy economic future for Canada. Set a carbon tax w/ trading schemes for the environment and industry will take care of itself, why do we need to subsidize that? Has that ever worked in history?
Interesting immigration numbers coming from StatsCan though eh?
“Past Liberal governments never cut spending, AFAIK.”
Truth, those who had reached the age of reason in the 1990s will disagree with you, especially the 50,000 federal public servants who were cut from the payroll.
Garth, I have an idea – why not hand your LIberal leader your budget from last April (with any adjustments you deem you need to make). You had no problem with release your pre-budget budget book then, so why the hesitation, now?
Flip. Flop.
I agree CB,but the Liberals had to stop the bleeding and they did .
I remember both Chretien and Martin flying to Asia with half of Canada’s Premiers aboard to drum up trade and to sell Canadian goods .
Some of those junkets produced billions of dollars worth of exports .
All Harpo did was insult the Premier of China and buttonhole him outside a toilet in Viet Nam to press his case for more trade et cetera .
I prefer the Liberal methid of diplomacy.
Note to Jackie Chan Can’t spell.
Real original ‘ya goon .
‘Flaherty’s last budget’ any time is a good time to turf a toryamerikan regime
Bill, the funny thing about foxnews is, if people stopped watching/talking about it. It’d just go away.
We all know its crap, but watch anyway, just to see what rediculus statement they’re making today.
Stop watching, your cable box is tattling on you, and inflating their ratings.
Now and then I go to small dead animals to see what they’re up to in the neo-con separate reality. Here is a little gem from Kate’s Garth Turner thread that should make some of our Conservative visitors blush -
“Garth’s blog appears to cater to a wide range of deluded Liberal misfits. His resident insult and smear meisters JACKIE CHAN’S LEFT HAND WACK JOB and BILL MUSKOKA are boarderline insane and full of hatred and contempt for any comment that does not agree with Liberal tyranny and corruption.
And if you respond in kind to them garth will delete your post.
I also asked Garth six times if he agreed with the Liberal Blogger and Liberal supporter who called for the assassination of PMSH. He refused to respond and deleted all my posts.
Garth is a Liberal Pussy!
Posted by: S at March 14, 2007 12:15 PM”
Meowwwwwwww. — Garth
Since when does a 6 billion dollar tax cut (1 more point off the GST) count as more spending? That is the weirdest logic I’ve ever heard.
Yea, Harpos tough on crime all right .
Tough to believe he thinks he can rewrite the Canadian constitution to fit his stupid law and order agenda .
Note to the head moron:
The Canadian constitution and the Charter of Rights and Freedoms is NOT written in pencil .
Trudeau was the first Prime Minister to run deficit. True during PM Mulroney’s time in office Canada’s economy went into a GLOBAL recession along with the rest of the G7 countries. However, Mulroney had a great fiscal plan to quickly life Canada out of recession. His government was defeated before he could see the fruits of his labour. Did any of you notice that Chretien never changed one Mulroney’s fiscal plan for Canada, except to add GST to essentials and expand free trade? Chretien’s government never came up with one original idea of it’s own. Except for gutting health care, adding the EI fund to the general coffers, gutting the military…education…
But, I do not expect to see liberal sheep let facts get in the way. Have at it. L
Meowwwwwwww. — Garth
Cut it out Garth you have me ROTFLMAO again .
Note to S. I am not borderline anything . I am a full on psycho who despise all things neo-Nazi including yourself .
Blush! Gosh Garth we are getting famous right along with you .
Hardy,har, har
Leasa, you are charmingly innocent.
Home prices hit a new record in Canada
http://www.cbc.ca/money/story/2007/03/14/homeprices.html?ref=rss
Will make the trip back down all the more interesting. — Garth
Leasa’s post is so stupid it does deserve a response .
Note to S. I am not borderline anything . I am a full on psycho who despise all things neo-Nazi including yourself .
You are such a simpleton. You are becoming quite pathetic. Probably the biggest loser on this site. And you have quite a lot of competition.
Charmingly delusional maybe .
It would be a good time to lay off Unemployment Insurance premiums for a while.With 51 billion in the pot,they can operate for a while and give both personal and corporate taxpayers some relief.
Leasa, you are charmingly innocent.
And she’s right too.
Blah,blah,blah, blah more horse shit from the king of zeros .
Gee,I though Leasa said the UI fund was put into general revenues by Paul Martin .
Use the $13 Billion surplus to retire debt, not bribe voters. If nothing changed in the economy for something like 40 years we could be debt free. Then we could cut taxes by the huge amount that goes anually to servicing the crushing debt.
I wish.
Sadly, I know that the politicians will waste the surplus trying to buy the next election win. Liberal, Conservative, Dippers, etc. – they all seem to have the same net policy results- fiscal mismanagement and waste. What a shame.
Leasa’s post is so stupid it does deserve a response.
I keep asking and no one wants to answer. What specifically did Martin and the Liberals do to achieve the ‘miraculous’ turnaround of the nations economy. They kept the GST and Free Trade brought in by Mulroney, so if that was the reason, they can hardly take credit.
Point: by the last year of the Mulroney government, Canada was in an operational surplus if you could ignore the interest charges on the TRUDEAU debt. (In spite of the wishful thinking of a poster above, the proud parents of Canada’s debt was Trudeau and his finance minister John Turner.)
Anyway, Jackie if you want to wade into the discussion on the economic turnaround, you can be the first. How did Martin do it?
Was it: He downloaded responsibilities to the provinces. (Something Harris got pilloried for when he did the same to the municipalities).
Was it: Nothing. He just benefitted from the process Mulroney put in place.
Hoping someone has the answer…
Re comments by Leasa on 03.14.07 6:50 pm
Trudeau was not the first Prime Minister to run deficits. The deficits increased rapidly under him because of “right wing” changes made during his administration to monetary policy. Those changes allowed the rapid expansion of credit which drove inflation up and hence interest rates. What many people do not understand is that Trudeau was economically right wing but socially left wing. To be fair, his government was not the only one that jumped on the Friedmann economic theory
bandwagon.
I agree that it was the policies put in place by the Mulroney government that laid the ground work for later recovery which the Liberals competed by downloading the costs of the Trudeau policy on the backs of regular Canadians. Unfortunately, the Mulroney policies that were adopted by the Liberals resulted in a loss of sovereignty which in turn threatens democracy. Globalization removes the potential for people to achieve political self-determination.
Unfortunately, Stephen Harper is not the kind of leader that we need at the moment because he is more committed to strengthening the status quo than seeking needed economic change and social progress.
Chan
The charter of rights is actually designed to be fluid. In fact one define characteristic of the charter is that the supreme court has the ability to interpret it, and all previous constitution like documents (including the constitution/BNA, and Quebec Act) in almost anyway they want. As the charter is a rather vaguely written legal document this effectively makes the context of the charter different from court to court.
This is the single largest controversy over the Charter.
Garth – now that the Ontario Attorny General has written the Liberal law and order platform for Dion; David Suzuki wrote Dion’s “Green Plan” during the leadership campaign, NDP Bob Rae and Ontario’s Gerard Kennedy are writing Dion’s platform, Coderre is writing Dion’s Foreign affiars policy, Belinda is writing Dion’s Pink Book, when are YOU going to write Dion’s Liberal budget?
And, just curious – what so called “Dion ideas” is Dion himself going to come up with?
I’m charged with inter-party mobility. — Garth
I thought it over….I think Leasa is correct. Ouch!
Note to S. I am not borderline anything . I am a full on psycho who despise all things neo-Nazi including yourself .
You are such a simpleton. You are becoming quite pathetic. Probably the biggest loser on this site. And you have quite a lot of competition.
By Jackie Chan’s Right Hand on 03.14.07 7:05 pm
ESAD ‘ya stupid moron .
I agree with Smitty, We now have some of the lowest amount of unemployed people ever. I would like to see a reduction to show that that is the case. I won’t cross my fingers as that money is probably going to help with all the spending being announced. I think that the Employment Insurance should also be ste up like any other insurence plan. Ie the more you use and draw out from it the higher your premium that you pay. It is only fair as I do not have a need to collect it for the forseeable future and some seasonal workers are on it every couple of months. I would not have a problem paying higher premiums if I require to use it however before I get flamed for my thoughts.
Marc-in our type of society,the strong pay for the weak.The type of people who go on unemployment can’t afford higher premiums when they are working.The more affluent get packages.
Most agreed that increasing the amount the rich pay in taxes, either by closing loopholes or by raising taxes directly, would be an effective way of doing that, the survey found.
Just over 80 per cent agreed closing tax loopholes used by the rich and by corporations would be an effective, or somewhat effective way of reducing the gap, while 70 per cent agreed raising taxes on the rich would, it said.
The results are the latest from a survey conducted last fall by Environics Research for the think-tank as part of an investigation into what a number of studies, including those by Statistics Canada, have found to be a growing income gap in Canada.
The results of the survey of 2,021 adult Canadians is said to be accurate to within 2.2 percentage points.
http://www.canada.com/ottawacitizen/news/story.html?id=8d5def41-7daf-4c9c-85da-d6551ad277c6&k=16728
© The Ottawa Citizen 2007
And, just curious – what so called “Dion ideas†is Dion himself going to come up with?
Perhaps, Lorraine, Mr Dion’s idea (task) is to bring the right team together rather than a group of yes men and dummies that have been assembled around PMSH.
1. Cascading Economic Sideswipe Coming?
The US volatility came after a rout on Asian and European bourses as investors feared the US subprime mortgage market woes would slow the overall American housing market and economy.
http://www.ft.com/cms/s/ad8d4a6e-d257-11db-a7c0-000b5df10621.html
The Mortgage Bankers Association of America (MBAA) reports that subprime
loans in the third quarter of 2002 had a delinquency rate 51/2 times higher than that for prime loans (14.28 versus 2.54 percent) and the rate at which foreclosures were begun for subprime loans was more than 10 times that for prime loans (2.08 versus 0.20 percent). Therefore, the propensity of borrowers of subprime loans to fail as homeowners (default on the mortgage) is much higher than for borrowers of prime loans.
For instance, the market expanded rapidly until 1998, then suffered a period of retrenchment, but currently seems to be expanding rapidly again, especially in the least-risky segment of the subprime market (A– grade loans). Furthermore, lenders of subprime loans have increased their use of mechanisms such as prepayment penalties and large down payments to, respectively, increase the duration of loans and mitigate losses from defaulted loans.
Kevin M,
“Stop watching, your cable box is tattling on you, and inflating their ratings.”
I do not subscribe to FNS on my sat, nor get it free, nor watch it, and never will. I can garner all I need to from their website of nutbar fascism to readily ascertain they could turn the Sahara into Imperial Valley were their crap spread peroperly by crop dusters!
And Harper does it again! More silencing of knowledgeable voices that endanger his lust for power.
Tories disband expert group on climate change
Herb,
“Garth’s blog appears to cater to a wide range of deluded Liberal misfits. His resident insult and smear meisters JACKIE CHAN’S LEFT HAND WACK JOB and BILL MUSKOKA are boarderline insane and full of hatred and contempt for any comment that does not agree with Liberal tyranny and corruption.”
Thanks for posting that. I will refer it over to a friend of mine for review!
Funny, I am not, never have been, or intend to be a member of the Liberal Party.
It would logically appear that they are feeling a level of logical heat they are highly uncomfortable with…Funny thing how truth will do that, eh?
Chan
The charter of rights is actually designed to be fluid. In fact one define characteristic of the charter is that the supreme court has the ability to interpret it, and all previous constitution like documents (including the constitution/BNA, and Quebec Act) in almost anyway they want. As the charter is a rather vaguely written legal document this effectively makes the context of the charter different from court to court.
This is the single largest controversy over the Charter.
By Realist on 03.14.07 8:15 pm
Law and order issues(law of the land)are not subject to be tampered with something that Vic Toews etc. are woefully neglectful in understanding .
Judges interpret the law and sentence according to each individual case something else they fail to understand.
The way the neos interpret law is a sick joke and based on retribution .
I understand the Charter is a living document but sentencing ten year olds to prison is ,way, beyond reasonable .
I agree to disagree with your position .
Herb,
I checked out the postings at SDA and now know that Penetanguishe does, in fact, have internet connections for the inmates, er, patients, er, residents. ‘S’ who posted the comment you quoted, is probably a lifer there! Too bad, all that money spent trying to help the unhelpable, aka, incurable!
Pyotr Petrobitch,
Here is a thought to ponder (I like your posts…they are quite intelligent BTW).
What if a majority of high debt mortagees simply walked away from their homes, let the mortgage holders take it all back, and lived in other accommodations?
How long would it take for reality to return to the housing market?
2.Cascading Economic Sideswipe Coming?
In 1968, when Trudeau became prime minister, Canada’s national debt was a modest $11.3 billion; the federal deficit was zero. When Trudeau left office in 1984, the debt had mushroomed to $128 billion—the deficit to $25 billion annually.
At the end of the Mulroney years, Canada’s federal debt – the amount Ottawa borrowed in the past that remains unpaid – had skyrocketed to $576 billion. Eric S. Margolis—Sunday, October 8, 2000
Canada’s debt will be lowest in G7: OECD
Milestone the latest in fiscal comeback
SIMON TUCK—Globe & Mail—Friday, October 15, 2004
In 1997, Canada’s debt-to-GDP ratio was worse than all of the G7 countries except Italy, which remains to this day in a far worse position than the other six member states. Since then, however, Canada has steadily climbed ahead of Japan (1999), Germany (2001), France (2002), the United States (2003), and Britain (2004).
Yanick Desnoyers, senior economist at National Bank Financial Inc. in Montreal, said Canadians learned their lesson about fiscal responsibility during decades of deficits and fiscal mismanagement. “They had to make a U-turn,†Mr. Desnoyers said. “People now realize that good fiscal discipline is in your interests.â€
Canada, which has now paid back $61.4-billion in debt over the past seven years, has also managed to cut its debt-to-GDP ratio by more than half in eight years, the OECD statistics show. In 1996, the ratio stood at 67.5 per cent.
U.S. deficit worries Goodale
Canadian Press—Globe & Mail—Friday, November 5, 2004
The Finance Minister is expected to give a mid-year update of the federal books on Nov. 16, when he’ll likely point to strong economic growth, low interest rates and low inflation as well as healthy job creation as evidence of economic strength.
After eliminating Canada’s $42-billion budget deficit, Ottawa recorded seven straight budget surpluses — the best record among the Group of Seven developed nations — and is paying down debt.
US Debt To the Penny
Current Amount
03/14/2007 $8,838,292,265,724.76
04/21/2005 $7,784,918,255,840.90
09/29/2000 $5,674,178,209,886.86
http://www.publicdebt.treas.gov/opd/opdpenny.htm
US, Germany, France, UK face junk debt status
Päivi Munter in London—Financial Times—Updated March 20, 2005
http://www.ft.com/cms/s/3460ab64-9982-11d9-ae69-00000e2511c8.html
Maybe I missed the boat when things went to the Wimpy Budgeting System…’I will gladly pay your Tuesday for a hamburger today!’?
lol, Oh Bill, I’ve not heard that in years, I think we are of an era!
I know that this cross-country ecoTrust(name ripoff) promise keeper gig holds water only if re-elected. I guess he’s thinking that if the environment is so important to everyone then they can prove it to him by voting him back in. If we don’t then obviously it isn’t and none of it is his fault. And he can go back to bashing it big time like he has for the past 12 years or more.
The rest of it. I’m not impressed. 1% GST, who cares. I’d like to see something serious towards homelessness for all provinces. There are foodbanks everywhere now. And they are growing every year. What’s with that? Low income housing is needed everwhere. Employment may be up but it;s not good. 3 lousy jobs may look good on paper but in reality it sucks. Disability is shameful. All meds and chairs canes etc. should be covered. They are not. I’ve been waiting 30 years for a real daycare plan. I’ve given up waiting.
I’ll think of more later.
Georgine,
If you’d like to see something done about the homelessness, then complain to McGuinty. Same for your daycare. Those are both provincial areas of responsibility and are their responsibility, not the feds.
Ed the Hun
What if a majority of high debt mortagees simply walked away from their homes, let the mortgage holders take it all back, and lived in other accommodations?
How long would it take for reality to return to the housing market?
That would be impossible to do. If you have a high ratio mortgage you are responsible for any shortfalls between what you owe and what the property will be sold at using a foreclosure. It is right in the documents that you sign.
Tge above about high ratio mortgages applies to Canada, the US is a different beast.
In fact when they talk ’subprime’ in the US they mean that they would hand someone a mortgage without ever having proof of their income. The person would just ’state’ their income as x$/month and they would be taken at their word. In Canada this kind of practice does not exist.
Now, in 1989, my parents bought a condo for 110K$. Within 5 years that condo was worth maybe 50K$, if you could find someone to buy it from you. Did they walk away from it? No, because they had jobs, assets a reputation to maintain. Ok, it’s fine to walk away if you are a deadbeat but if you value your reputation, it’s pretty hard to do if there is no financial hardship, which there was not because their payments remained the same and they could handle them just fine.
So there are 2 lessons here. People don’t walk away from their homes unless they lose their jobs or income. And lesson 2, condos go down the hardest in a downturn.
JMcCain,
You bring up the crux of pseudo reality. ‘Have you not heard that pride goeth before a fall’?
That is why there are bankruptcy laws for one instance. Second, then the abuses of the faceless corporations and lovers of money more than mankind reach a certain point, then the pride of the gluttonous will precipitate their own fall.
People will literally walk away and simply treat the faceless, heartless corporations as they have been treated…as faceless, heartles, non-sentinet things. Slavery still requires willful submission. Ask any POW! Just a little reality check to ponder as we watch the global economy melting down to slush. The Piper is geting ready to play…again!
Something doesn’t make sense here. The CPC is putting forward another budget, and because of this, PMSH is forcing an election??? Um, if your party doesn’t want an election, either abstain or vote for the budget. The CPC did the same a couple of years ago to avoid an election call. This election call is up to the Liberals since they are the official opposition with the numbers to call or not call an election.
Budget Day
Expect a tax credit for every Viagra purchase to increase Canada’s Population going forward. The PC’s want you to get screwed!
People will literally walk away and simply treat the faceless, heartless corporations as they have been treated…as faceless, heartles, non-sentinet things. Slavery still requires willful submission.
I am simply explaining you the law as it stands in Canada. If you are willing to be irresponsible for your actions, quit your job (so as to not have your wages garnered), lose your credit score and your reputation because your house is worth less than you purchased it for, then that’s certainly a choice that you can freely make. Enjoy being a ’slave’ to your landlords for the rest of your life also.
The bank will just sell your house to people like me, that will pick it up for a song, fix it up and rent it out, to people like you. Sounds like a good deal to me.
An enviable problem to have
CAROL GOAR—Toronto Star—Fri. Apr 2, 2004
Finance Minister Ralph Goodale can be a bit tedious on the subject of fiscal prudence. He can sound a bit smug when pointing out Canada’s “strong economic fundamentals.†He can seem a bit obsessed with tidy bookkeeping.
But all things considered, it’s a nice problem to have.
Canada is one of the few developed countries with a balanced federal budget, a properly funded public pension plan and a debt that is shrinking relative to the size of its economy.
For a glimpse of how the future might look without these boring basics, look south of the border.
Laurence Kotlikoff, a highly regarded professor of economics at Boston University, has just released a book entitled The Coming Generational Storm.
It describes in unnerving detail what lies ahead for a country that spends too much, borrows too freely and ignores looming demographic changes.
Using a technique called generational accounting, Kotlikoff totes up the bills that today’s American taxpayers are leaving for their children.
There is the $7.1 trillion national debt. There is a shortfall of $7.2 trillion in the Social Security (retirement benefits) account. And there are $43.6 trillion in unfunded medical liabilities. (The U.S. provides publicly funded health care to seniors and the disabled.)
That adds up to a $57.9 trillion burden on America’s next generation.
(Now everyone can do their own ‘update’ to reflect the current U.S. debt and deficit numbers)
In my personal opinion, George Walker Bush will go down in history as the WORST US president. To the end of my days I will remember him as the smug chimp, standing on the deck of an aircraft carrier, in front of a banner declaring, “MISSION ACCOMPLISHED.”
He’s got a lapdog in PMSH, and his company of subservient, disrespectful lackeys. I have my chamberpots full of sumpwater awaiting a visit from one of them, to tell me what a ‘wonderful job’ they’ve done on our behalf.
JMcCain,
“Sounds like a good deal to me.”
Good. I like to see you agree!
Oh, a small point, what if no one will rent from you? How long will your bank or mortgage lender carry your outstanding debt?
What if the rental income is far below your mortgage obligations? What are you going to do then ‘J’?
What if reality, as you so ardently believe in it, changes?
Sounds like the same illogical mentality gamblers use? I cannot lose because I have a ’system’!
By Bill-Muskoka on 03.15.07 1:06 am
Thanks, Bill. I was not a good student in my early days … Too busy looking around to find the ‘jawbone of an ass.’ I actually had 4 years high school.
NINE, NINE, TEN AND TEN. (I think that’s
4, isn’t it?) They said I was ’slow.’ I, on the other hand, was claiming I was ‘thorough.’ I found that jawbone of an ass, and I’ve been looking for Phillistines to nail ever since.
On the homeless question, Paul Martin, in response to my letter, set out a ‘homeless plan’ which was rejected by Alberta and Ontario. (Klein & Harris) They provided funding of $753 Million, directly to the agencies manning the front lines, under the capable vision of Minister Claudette Bradshaw. She’s from quite near my hometown. PMSH will pay dearly for claiming, “Maritimers have a ‘defeatist’ attitude.”
If you want to learn where my heart is, I’ll send you a chest x-ray for Christmas.
What if the rental income is far below your mortgage obligations? What are you going to do then ‘J’?
What if reality, as you so ardently believe in it, changes?
Sounds like the same illogical mentality gamblers use? I cannot lose because I have a ’system’!
What if? Everything involves risk. Crossing the street is a risk. Buying a 50K condo in 1995 was a risk. Staying in a job you hate for the benefits is a risk. Not taking risks is a risk.
But my biggest what-if, is what-if I am a 65yo renter having to greed people at Wal-Mart in order to pay the rent and buy day old bread?
Actually for me the best way to insulate myself from that what-if, was to pay off my house by saving and doing several flips. Also ensure that I have low personnal expenses and no debt.
I also do my own research and never listen to the media or politicos. It’s all BS. It’s well known that the little guy sells his assets just when the big guys happen to accumulate them. It happens over and over and over. Stocks, real estate etc…
Under the heading:
The Great (STUPID) Spiritual Divide.
http://www.thestar.com/News/article/185326#
Harris and later Eves, sold the people of Ontario a bill of goods … which was, by all accounts, an abject failure.
Initially, their programs were supported by a thin tissue, and later, bald-faced lies.
Keynotes:
“In 1998, former Conservative premier Mike Harris downloaded social programs but most homeowners still don’t understand that a good portion of their property taxes are being used to pay for things such as welfare, drug benefits and subsidized housing, Carroll said.
Ontario has the dubious distinction of being the only province in Canada to partially fund these kinds of programs through property tax – a tax designed to fix roads, pickup garbage and maintain parks.”
Each year, the rising costs of these social programs outstrip the city’s ability to pay for them, forcing it to cannibalize core services such as roads and water mains. The days of managing Toronto’s decline in a way most people don’t notice are at an end, Carroll said.”
To characterize that regime, as merely Orwellian, does not do justice to the visceral anger I feel toward them all.
Because Flim-Flam Flaherty has said RRSP’s and RRIF’s are not taxable to the federal finance department, or the Canada Revenue Agency, I have sent amended income tax returns to Revenue Canada. I should be receiving a bundle very shortly.
One earlier poster covered it very well with the term, NEANDERCONS.
With all due respect Sean Harpo can collapse his government(?) at any time as he is now considered a legitimate PPM .
It takes up to a year for this consideration to be extended .
He does not need the opposition to vote against his budget.
He can simply walk to the GG’s residence at Rideau Hall and ask her to collapse his government(?)
Should Charest win Quebec,which is highly doubtful,this in all likelihood will be the scenario .
Although any opposition worth its salt will not allow this ,spend crazy, budget to pass .
JMcCain,
“Actually for me the best way to insulate myself from that what-if, was to pay off my house by saving and doing several flips. Also ensure that I have low personnal expenses and no debt.”
Good for you, and that was my plan as well. Unfortunately, along the road several major economic events occured and wiped out the accumulation. That was from a previously unheard of risk…it was called the 1980 Credit Control Act by the U.S. Federal Reserve to eliminate the ridiculous foreign loan debt the banks were carrying. The interest rate hit 24%, as I am sure you will recall? I know I will never forget the devastation my customers and I all experienced. A lifetime of effort washed away as though by an invisible tsunami! Such is life!
Now, the real question becomes this…What of the current and future generations? Do you care about them?
I do for two sound reasons.
1. They are human beings and deserve a level playing field. The field has been tilted to the point that the flow is away from them, fast becoming out of reach…unless they resort to unethical or illegal acts…which leads to…
2. EXACTLY WHAT WE ARE SEEING TODAY! An increase in non-traditional forms of earnings via criminal activities, fraud, market manipulation, and organized crime enslaving people for their own survival. This leads to a destabilization of society, increased costs for all because insurance (as one item) will go up proportionally to the area’s crime rate, therefore, creating a need for more law enforcement, which will result in more prisons, etc. It leads to poor health, high stress, increased healthcare costs, increased demands for healthcare, and a domino effect afflicting entire communities.
This is exactly what happened in the U.S., and when it comes to you, your family, and neighborhood how secure will you feel them J?
We are in it together as people. Will it take riots to bring about effective change? How are those landlords doing down in NOLA BTW? I hear all those ‘floated’ investments were retired by the insurance companies writing cheques to the mortgage holders, if there was even insurance available. Otherwise they are all SOL! Who pays for it? Everyone! The same as we all pay for the DUI, Road Rage, Street Racing, Make-up adorning, snacking, yakking, speeding morons who cause our insurance rates to sky rocket.
What will the younger generations do? How will they deal with it? I will be dead sometime between right now and maybe 30 years from now. They still have their entire lives ahead of them, and while the problems are ignored, as with Rome and Nero, the cities are burning.
Sadly to say. Our generation is grossly responsible for much of this, as was our parent’s who lived from the Great Depression of 1929 to the next one, and then died as well.
Remember the Robber Barons? I do, and they are still alive and well posing as respectable members of society…just like Mafia Dons!
A farmer takes better care of their livestock than most societies take care of the people.
Ed, I don’t live near the centre of the universe. I am in rich rich, come to our party in 2010, BC. And Gordo Campbell is a soul mate of SH, just with more practice.
And even with it being a provincial responsibility there is no reason the cons couldn’t do a joint effort of “helping those most vulnerable among us” or some such spin but I guess the poor are best left invisible.
Did you know, The Van Sun (CanWest of course) once ran an article about dumpster diving as a lifestyle choice! Such utter BS!!
Child Poverty:
In 1997, Harper bragged that he was opposed to government programs to eliminate child poverty:
“These proposals included cries for billions of new money for social assistance in the name of “child poverty†and for more business subsidies in the name of “cultural identityâ€. In both cases I was sought out as a rare public figure to oppose such projects.†(The Bulldog, National Citizens Coalition, February 1997)
This says it all as far as I am concerned.
Time to move these people back to the opposition benches-forever.
Georgine,
Whether you are in BC or Ontario or Alberta, it makes no matter. The issues that you speak of are provincial. You are of voting age, so get out with your friends of similar belief and chuck old Campbell out if you wish. The problem is that if there are not enough other BC’ers who share your opinion then democracy wins.
The problem with ‘national’ solutions is that it becomes ‘institutionalized’ and controlled from the centre. Healthcare is a provincial responsibility but because of the ‘national’ (read funding) control, it has gone to crap almost everywhere and of course now nobody can change anything about it because of socialist Quebec and Ontario (although the hypocracy of having two-tiered systems in both provinces (especially Quebec) while in Alberta there is no such animal (even though every election the liberals pull out the ‘Alberta-hates-medicare-card’). This arrangement has resulted in the system becoming ineffective. And there is no means to ‘fix’ it because unless it is fully funded by public funds only, then it won’t work).
The same would happen to every other ‘national’ social program. It would become gridlocked and under the ‘control’ of the voting blocks of Ontario and Quebec.
Ed the Hun
“This arrangement has resulted in the system becoming ineffective. And there is no means to ‘fix’ it because unless it is fully funded by public funds only, then it won’t work).”
My quote. That doesn’t mean I accept this as a fact. What I meant to say was that because of the sacred cow, ‘only solutions that are fully funded publicly will work’ there is no ability to try different approaches. And until that sacred cow is butchered, we will forever be in the medicare doesn’t work mould because you can’t possibly throw enough money at this problem to generate the fix needed.
Ed the Hun
Ed.
“The same would happen to every other ‘national’ social program. It would become gridlocked and under the ‘control’ of the voting blocks of Ontario and Quebec.”
So, you are saying that democracy, based on population density, is not a workable idea, eh? I am not trying be antagonistic in this post, either, but that is the basis of the FPTP system!
So, have you been following the Citizen’s Forum here in Ontario on election reform?
Bill,
You’ve commented again and again about understanding Canada’s political landscape and its constitution history.
The federal government by spending money on national programs is INTERFERING in provincial dominion, as stated in the constitution.
And by interfering in social programs, it is overriding a province’s constitutional right to control certain actions within its boundaries.
Thus, while you can try to change this into a discussion about democracy, the fact is that this approach to federalism is resulting in the feds (and by default regions of the country with the most population that votes the governing party into power — think Ontario and/or Quebec) being able to interfere in provincial jurisdictions.
Healthcare is a provincial responsibility, but because of the money that the feds put into the program they are able to restrict the actions of the provinces. Thus, if a province wants to try a different approach to healthcare, most can’t afford to since to do so will result in a holdback of federal healthcare transfer dollars. Thus, IF Alberta wanted to try a different model for healthcare in the province, the federally-elected government (normally as the result of seats won primarily in Ontario/Quebec) can act to ‘punish’ Alberta, EVEN if the population wants to adopt a different approach.
Our country is (and was still in 1982) based upon an agreement that the different levels of government had different responsibilities. Quebec normally acts to protect those responsibilities (separate pension plan QPP, separate day care programs, social programs, etc). I suspect given some time Alberta will follow Quebec, since in many Albertans’ minds they want to be the master of their own destiny in the areas which they can control.
As far as the FPTP system, electoral reform needs to occur at all levels. The Senate (a place for all party hacks), as well as the HOC. The system the way it is set up presently will be the death of this country, UNLESS the different levels of government respect each others’ constitutional jurisdictions. Then voters can elect provincial (or municipal) politicians that represent their ‘regional’ needs and federal parties their national needs. Under the current system, voters are electing national governments who are sticking their noses into provincial (and now municipal) areas and that intrusion is far too often resented. Especially in a place like Alberta, or Quebec.
Ed the Hun
[...] they being more disciplined? Garth Turner has said that Flaherty’s budget will increase government spending by close to 15% (more than 3 times [...]
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