GT: Federal Election

[burn_this_city]

They'll probably extend the EI benefits duration here. Which would probably have a bigger impact than cutting a cheque to the provincial government.

[pria(kin)16]

Originally Posted by CaptainCrunch

Maybe writing multi billion dollar checks to the UN was a bad idea.
.

Correct me if I'm wrong, but I don't believe the UN commitments would be involved in this $18.4B figure and would be lumped in with new spending to be revealed March 22nd. Any guess what the number will look like with new spending added in? Are we going to get a number on what the Syrian refugee program has cost to date? I have a feeling the final number will be significantly higher than $18.4B

[CaptainCrunch]

Originally Posted by pria(kin)16

Correct me if I'm wrong, but I don't believe the UN commitments would be involved in this $18.4B figure and would be lumped in with new spending to be revealed March 22nd. Any guess what the number will look like with new spending added in? Are we going to get a number on what the Syrian refugee program has cost to date? I have a feeling the final number will be significantly higher than $18.4B

From what I heard over the weekend, and don't quote me on it, but the Feds had originally bookmarked $100 million for the refugees, as a WAG (Wild a%%ed guessed) but the cost is sitting around $1.2 billion, and probably still climbing.

What I want to know is how much of that cost is coming out of the defense budget who are the ones paying for the infrastructure on the base housing and how much is coming out of Immigrations budget.

The UN check I think which is a couple of billion as well is probably going to be in the upcoming budget.

From what I've seen flipping through the news is the expected budget deficit for 2016 will probably be between 32 and 38 billion.

But again don't quote me on that.

[CaptainCrunch]

Originally Posted by burn_this_city

They'll probably extend the EI benefits duration here. Which would probably have a bigger impact than cutting a cheque to the provincial government.

I have this funny feeling that won't happen in this years budget, I think that something like that will have to be studied in a committee and then debated in the house and passed through the senate. But I could be wrong, I just don't have a lot of faith that it will happen.



They'll throw the $700 million that was ear marked by the conservatives and then the $300 million from the stability fund and leave it at that.

[Resolute 14]

Originally Posted by burn_this_city

They'll probably extend the EI benefits duration here. Which would probably have a bigger impact than cutting a cheque to the provincial government.

Pretty sure the government has already said it won't change anything with EI until it completes a review. I wouldn't expect piecemeal changes, though that would be helpful in this case.

Also, how the hell do you under-guess by $15 BILLION?

[Jacks]

Originally Posted by Resolute 14

Also, how the hell do you under-guess by $15 BILLION?

I'm going to go out on a limb here and guess that it's Harper's fault.

[flamesfever]

I just got a phone call from my niece, who lives in St. Bruno south of Montreal. She said with all the infrastructure spending (to repair the bridges), it is really slowing up the drive into Montreal.

I hope the infrastructure spending is dispensed in a fair and equitable manner across the country.

[Looch City]

Montreal's civil infrastructure is in terrible shape. Some of those bridges man...exposed rebar everywhere

[CaptainCrunch]

Originally Posted by Iggy City

Montreal's civil infrastructure is in terrible shape. Some of those bridges man...exposed rebar everywhere

Is that because of poor infrastructure spending or is it because most of the money goes to the mob?

[CampbellsTransgressions]

Originally Posted by Jacks

I'm going to go out on a limb here and guess that it's Harper's fault.

They're running a deficit equivalent to about a 2% GST cut.

Market economies are cyclical, which is the real "problem", but lets not pretend that the last ten years under Harper haven't weighed in to the current situation.

Anyway, the Keynesian Conservatives/Liberals should be perfectly fine with a cyclical deficit. It is entirely anticipated and the reason why Keynesian spending exists.

[stampsx2]

On the bright side, with a downward spiralling economy we can expect really low interest rates for the next four years. Good thing we stopped Harper.

Please remember, budgets balance themselves.

[stampsx2]

Originally Posted by CampbellsTransgressions

They're running a deficit equivalent to about a 2% GST cut.

Market economies are cyclical, which is the real "problem", but lets not pretend that the last ten years under Harper haven't weighed in to the current situation.

Anyway, the Keynesian Conservatives/Liberals should be perfectly fine with a cyclical deficit. It is entirely anticipated and the reason why Keynesian spending exists.

Ah yes. The common common finger pointing. Should be a liberal slogan.

[CampbellsTransgressions]

This isn't akin to cheering on your favourite sports team and you can't rationally argue that the Conservatives are not at least partially responsible for the current situation.

The fact that you seem to think I'm finger pointing is quite ironic as it seems you are the one interested in pushing the blame onto one party.

I'm sorry if truths are inconvenient, but the GST cut sunk us into deficit at the time and we still have a GST-cut sized hole in our budget.

Yes, the Liberals disingenuously lied in their platform and they are fully responsible for doing so, but that does not mean they are fully responsible for the current budget hole as it stands prior to any new spending.

[Jacks]

Originally Posted by CampbellsTransgressions

Yes, the Liberals disingenuously lied in their platform and they are fully responsible for doing so, but that does not mean they are fully responsible for the current budget hole as it stands prior to any new spending.

But there is lots of new spending already, they are 90% responsible. The Harper government put forward projections to get out of debt and then preformed better than the projections. You can argue whether they left a surplus or deficit but it's a billion here or there, the budget was essentially balanced. The reason the deficit is ballooning now is because the Liberals are spending like crazy, not because they inherited some massive problem.

[stampsx2]

Originally Posted by Jacks

But there is lots of new spending already, they are 90% responsible. The Harper government put forward projections to get out of debt and then preformed better than the projections. You can argue whether they left a surplus or deficit but it's a billion here or there, the budget was essentially balanced. The reason the deficit is ballooning now is because the Liberals are spending like crazy, not because they inherited some massive problem.

The current $18 billion deficit they're promising this year doesnt even include any of their campaign promises and it's based on $40/barrel oil. We might see a deficit like Canada nas never seen before under Trudeau. But hey, that's ok, it'll be future generations problem.

Anybody could run a government with massive spending. Put me in there i could spend like crazy as well. It takes a smart government to be as fiscally responsible as possible.

[PsYcNeT]

Originally Posted by stampsx2

It takes a smart government to be as fiscally responsible as possible.

You mean like the government dumb enough to lose the best BoC head we've ever seen (who saw us through 2008, and is arguably the #1 reason we weathered that storm in the first place) to the UK?

[Senator Clay Davis]

Originally Posted by stampsx2

The current $18 billion deficit they're promising this year doesnt even include any of their campaign promises and it's based on $40/barrel oil. We might see a deficit like Canada nas never seen before under Trudeau. But hey, that's ok, it'll be future generations problem.

Anybody could run a government with massive spending. Put me in there i could spend like crazy as well. It takes a smart government to be as fiscally responsible as possible.

Ok, so that means no CPC (9 deficits in a row) or Liberals...guess you're endorsing the NDP now? Hmmm.....

[Roughneck]

Originally Posted by Jacks

But there is lots of new spending already, they are 90% responsible. The Harper government put forward projections to get out of debt and then preformed better than the projections. You can argue whether they left a surplus or deficit but it's a billion here or there, the budget was essentially balanced. The reason the deficit is ballooning now is because the Liberals are spending like crazy, not because they inherited some massive problem.

Are there enough assets for the Liberals to sell so they can claim the next budget is "essentially balanced" or should they just keep holding off fully funding departments hoping the price of oil will rise like the CPC did before the election to trick people like you into thinking the budget was "essentially balanced" and not just cloaking the problem for another year when the numbers finally caught up to a resource based economy in recession?

[Fuzz]

Originally Posted by stampsx2

The current $18 billion deficit they're promising this year doesnt even include any of their campaign promises and it's based on $40/barrel oil. We might see a deficit like Canada nas never seen before under Trudeau. But hey, that's ok, it'll be future generations problem.

Anybody could run a government with massive spending. Put me in there i could spend like crazy as well. It takes a smart government to be as fiscally responsible as possible.

It's funny that some people seam to forget just how big of deficits Harper was running.

Spoiler!

$18 billion is kind of an average Harper deficit, isn't it?

EDIT for source:
https://bigotryliesfear.wordpress.co...harpers-watch/

Some interesting stats in there too...If you want to get all bent out fo shape about deficits, that is.

[MelBridgeman]

Originally Posted by Fuzz

It's funny that some people seam to forget just how big of deficits Harper was running.

Spoiler!

$18 billion is kind of an average Harper deficit, isn't it?

EDIT for source:
https://bigotryliesfear.wordpress.co...harpers-watch/

Some interesting stats in there too...If you want to get all bent out fo shape about deficits, that is.

Most of that under a minority government, you know how that works right? Don't five into demands of the LIberals and NDP ...election time!