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Originally Posted by simmer2
130B in new spending confirmed by the Liberals, with no timeline to balance the budget. Perfect, more debt, more government, more taxes, more of the same...the worst economy in G7.
I don't understand how folks expect things to magically be different.
And Carney using fear to motivate is pathetic. Trump is going to invade, take our water, etc etc. Classic control and manipulation.
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Quote:
Originally Posted by calgarygeologist
The plan is to balance it in three years. He is a financial and economic mastermind so there is no doubt he will get things to balance out.
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So what would you cut? And how much should be cut? Why don’t want a balanced budget and should a balanced budget come at the expense of GDP growth
Most of this is pricing in a recession driven by Tarrifs. Are you pro austerity during a recession? Pro tax increase during a recession? I prefer the Kenysian approach.
Our biggest competitor is turning on the money printing machine to drive inflation we can’t control that. Austerity measures seem like the wrong choice.
The Conservative plan outside of cuts which no specifics add up to billions in new spending/taxcuts. As of now there isn’t really a material difference. Certainly not in the ballpark of making up a 60billion dollar deficit this year while making tax cuts. So any criticism needs to come along with a discussion of what your economic philosophy is in a time of recession.