Harper had a lower deficit during the worst global recession of the last century. I was never even a huge Harper fan but Canada is in desperate need for a PM who is an economic expert. Not sure that is coming regardless who is elected but that number is legitimately breathtaking in a bad way
The federal government has blown past that benchmark; Monday's update posts a deficit of nearly $62 billion for last fiscal year. The deficit is projected to dip down to $48.3 billion for this current fiscal year.
The federal government says that's due to one-time costs, including $16.4 billion related to Indigenous claims playing out in court and $4.7 billion related to the COVID-19 pandemic. The document doesn't say which claims the government is paying out.
Wait, what's the COVID-19 stuff?
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Originally Posted by transplant99
The ball is now in Jagmeets court if he really believes what he has been spewing today.
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Oh I see....so Singh needs something promised to him before doing the right thing? The right thing being that Trudeau must go and go now. The right thing that he came out and flatly stated about 4 hours ago?
That guy needs an incentive to follow through on what he "believes"?
What kind of a leader is that?
Singh has said lots of “right things”, how much closer has that gotten us to an early election?
I’m not saying it’s right or wrong, I’m saying this would be a far more practical way of getting the result that you want. And it’s good politically for Pierre. Tough crowd in here when even when I offer a solution to get you what you want and it’s still somehow viewed as a bad thing.
Canada’s economy has fallen behind its population growth for the fifth straight quarter, with real GDP per capita declining by 0.1 percent in Q2 2024, according to the latest data from Statistics Canada released last week.
This downturn becomes even more striking when viewed in comparison to the United States, which continues to see gains.
A longer historical perspective reveals a striking reality: the gap between the Canadian and American economies has now reached its widest point in nearly a century.
Put another way, real GDP per capita in the United States was 43 percent higher than in Canada in 2023. And in 2024, I estimate this gap will widen to nearly 50 percent.
Let that sink in for a moment. The U.S. is on track to produce nearly 50 percent more per person than Canada will.
This stunning divergence is unprecedented in modern history.
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Fire the leader, say everything is different with the new one, and the minions in Que and Ont will vote them back in.
As much as people here ranting and raving about the country being “held hostage” (lol) would absolutely lose their mind over it, it’s a strategy with a decent chance of success and the possibility of which PP is absolutely losing sleep over.
For the disaster they’re making the Liberals out to be, the Conservative polling numbers are actually worse than you’d expect. With the right winds shifting around before the election, they could drop right back down.
Of course Trudeau is the biggest obstacle there, but it’s a big reason why Conservatives and their supporters are obsessed with calling an election rather than anything to do with resigning.
As much as people here ranting and raving about the country being “held hostage” (lol) would absolutely lose their mind over it, it’s a strategy with a decent chance of success and the possibility of which PP is absolutely losing sleep over.
For the disaster they’re making the Liberals out to be, the Conservative polling numbers are actually worse than you’d expect. With the right winds shifting around before the election, they could drop right back down.
Of course Trudeau is the biggest obstacle there, but it’s a big reason why Conservatives and their supporters are obsessed with calling an election rather than anything to do with resigning.
It's definitely a strategy, and i think that is why Carney hasnt came away with a position one way or another.
I think the CPC is too far ahead at this point, and based on the political movement in the western world at the moment, its a tough hill to climb back from.
Last edited by Cappy; 12-16-2024 at 05:16 PM.
Reason: Wrong party
It's definitely a strategy, and i think that is why Carney hasnt came away with a position one way or another.
I think the UCP is too far ahead at this point, and based on the political movement in the western world at the moment, its a tough hill to climb back from.
Yeah, why would anyone worth their gumption run for the Liberal leadership at a time like this? You will get destroyed. Just get it over with, get some stability. Trump is coming. It amazes me that advanced politicians can't realize this if they were really there for the good of Canada.
Last edited by ripTDR; 12-16-2024 at 04:32 PM.
Reason: added a word
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It's definitely a strategy, and i think that is why Carney hasnt came away with a position one way or another.
I think the UCP is too far ahead at this point, and based on the political movement in the western world at the moment, its a tough hill to climb back from.
I think it’s be pretty hard to swing it back into the majority territory on the other side, but downgrading the Cons to a minority or even forcing more of the same is definitely in the realm of possibility.
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Harper had a lower deficit during the worst global recession of the last century. I was never even a huge Harper fan but Canada is in desperate need for a PM who is an economic expert. Not sure that is coming regardless who is elected but that number is legitimately breathtaking in a bad way
Yeah that’s a flawed metric. The US TARP package during that crisis was only about $745bn. That’s child play compared to the numbers thrown around these days.
To me the more concerning number is that the Liberals had their own $40bn “guardrail” and tacked on 50% to that figure. I’m also curious about whether anyone can reasonably account for where all this money has been spent.
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Originally Posted by Cappy
It's definitely a strategy, and i think that is why Carney hasnt came away with a position one way or another.
I think the UCP is too far ahead at this point, and based on the political movement in the western world at the moment, its a tough hill to climb back from.
I know you mean the CPC, but they’re so similar that I don’t want anyone to correct you.
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I think it’s be pretty hard to swing it back into the majority territory on the other side, but downgrading the Cons to a minority or even forcing more of the same is definitely in the realm of possibility.
Trudeau's numbers have been in the toilet. It's pretty clear people have lost confidence in him, to a point they're willing to swing to a guy who they never would vote for before in PP. So if you're an LPC strategist, what's the harm in turfing Trudeau and seeing if you can't give some of those disenfranchised voters back to your side, or at least to vote?
Giving up is a terrible election strategy. There's probably a fair amount of people who can't vote for any one of these idiots. Why not try?
I want to know why and what the 16 billion in indigenous claims is and if it should have been included far sooner. Other than that a 5 billion miss on revenues of 400 ish billion isn’t bad.
The headline number is terrible but restated another way. Government comes in within 1.25% of forecast budget.
The day to day spending of government vs budget seems under control. This seems far less notable then any other screwup of this government.
They knew this was coming years ago. Unless Freeland is completely stupid this would have been part of her Guardrails strategy.
Like anyone budgeting that knows that a major payment is coming that year.
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My name is Ozymandias, King of Kings;
