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Old 12-17-2024, 12:55 PM   #15761
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Originally Posted by Nancy View Post
Scrolled back a bit but didn’t see it mentioned yet… 69 cent dollar this morning. Nice.
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Old 12-17-2024, 01:02 PM   #15762
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Curious as to why you thought the massive deficit was “good”?
“Fairly good”

-My understanding is as follows

They had a forecast of 40 billion.

There was 2 one time expenses not considered previously of 16 billion and 5 billion. (Why these werent previously budgeted certainly should be investigated)

So in the absense of those two items and despite revenues being 5 billion lower the update still has a 40 billion deficit plus one time items. So on a day to day basis the government is managing expenses and revenues as they planned to. Perhaps that’s a low bar. But even if indisagree with the spending contained within budget, following that budget is improtant and it appears the liberals are doing that.

Even if you want to hold them to account for the unplanned expenses 20 billion excess on a 400 ish billion budget is fairly reasonable. That’s +/-5%. To me that is within the realm of acceptable for any annual budgets that I am involved with.

Essentially this fiscal update should not have materially changed your opinion of the liberal party budget planning which in terms of a budget update is what you are going for.

Why do you find FES an absolute disaster?

Last edited by GGG; 12-17-2024 at 01:07 PM.
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Old 12-17-2024, 01:21 PM   #15763
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Originally Posted by Fuzz View Post
Because they feel they can do more for their constituents with a Liberal government than a Conservative one.
Yeah.....no. But nice try.

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Earlier this morning, Bloc Québécois Leader Yves-François Blanchet said Trudeau has lost the political, moral and ethical authority to govern, and said he should call an election in January.
https://calgary.citynews.ca/2024/12/...holiday-break/
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Old 12-17-2024, 01:23 PM   #15764
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Originally Posted by Doctorfever View Post
Yesterday’s news;
Trudeaus’s top cabinet minister resigns in spectacular fashion.
The annual fiscal update is an absolute disaster.
Freeland calls out Trudeau for using “costly political gimics”
Liberals lose by election by a wide margin.
The NDP still seemingly support the failing Liberal government.
Canada’s housing minister also resigns.
The Liberal party is not internally aligned on what direction the party should be headed.

Liberal supporters- the big news from yesterday should be ‘voter apathy’.

I brought up voter apathy, is this post directed at me? I hope not. I was referring to a byelection in BC, not summarizing yesterday's events with one comment.

It is possible to walk and chew gum at the same time, though. Discussing voter apathy doesn't mean people are ignoring everything else. We can have opinions on multiple things at the same time.
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Old 12-17-2024, 01:23 PM   #15765
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https://enr.elections.ca/ElectoralDi...ed=1680&lang=e

Welp. CPC was polling at 53% according to 338Canada. 66.3 % for the CPC with 16% voter turnout in a riding that usually goes Liberal says the polls may not be painting just how dire it truly is for the Liberal / NDP when you consider voter apathy and motivation.

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Originally Posted by PepsiFree View Post
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.

L O L

I don't know what's more fun, watching the complete total collapse of the Liberal party before our eyes in a matter of hours as they backstab each other live for all of us to see with a rogue leader refusing to step down, or PepsiFree and the usual crew in complete mental meltdown mode and on full damage control in vain attempts to control the narrative.

Claiming the LPC have any sort of strategy going right now while claiming PP is losing sleep over this political situation is most certainly a take.

I had a pretty good sleep myself last night I must say.

Last edited by Firebot; 12-17-2024 at 01:27 PM.
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Old 12-17-2024, 01:24 PM   #15766
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Originally Posted by KootenayFlamesFan View Post
I brought up voter apathy, is this post directed at me? I hope not. I was referring to a byelection in BC, not summarizing yesterday's events with one comment.

It is possible to walk and chew gum at the same time, though. Discussing voter apathy doesn't mean people are ignoring everything else. We can have opinions on multiple things at the same time.
You MONSTER!!
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Old 12-17-2024, 01:27 PM   #15767
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Is Press Progress the left wing Rebel News?
Yes
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Old 12-17-2024, 01:31 PM   #15768
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Originally Posted by RedMan12 View Post
I have voted Liberal, NDP and Conservative. I am absolutely disgusted by every major political party in Canada. Left or Right they are not serving Canadians.
Exact same here. Voted for all 3 parties at different times over the last 20 years. Seems like I'm just picking the best of the worst, or, since I dislike every PM candidate I've been concentrating on who I like better as a candidate in my riding. At least it gives me a reason to vote.
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Old 12-17-2024, 01:35 PM   #15769
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Quote:
Originally Posted by GGG View Post
“Fairly good”

-My understanding is as follows

They had a forecast of 40 billion.

There was 2 one time expenses not considered previously of 16 billion and 5 billion. (Why these werent previously budgeted certainly should be investigated)

So in the absense of those two items and despite revenues being 5 billion lower the update still has a 40 billion deficit plus one time items. So on a day to day basis the government is managing expenses and revenues as they planned to. Perhaps that’s a low bar. But even if indisagree with the spending contained within budget, following that budget is improtant and it appears the liberals are doing that.

Even if you want to hold them to account for the unplanned expenses 20 billion excess on a 400 ish billion budget is fairly reasonable. That’s +/-5%. To me that is within the realm of acceptable for any annual budgets that I am involved with.

Essentially this fiscal update should not have materially changed your opinion of the liberal party budget planning which in terms of a budget update is what you are going for.

Why do you find FES an absolute disaster?
Maybe you can look at this with some sort of rose coloured glasses on but also keep in mind that the Fall Economic Statement is also projecting bigger deficits going forward than the Budget projected earlier this year.

Deficit 2024 - 2025 was $39.8B and is now $48.3B or an increase of 21%.
Deficit 2025 - 2026 was $38.9B and is now $42.4B or an increase of 9%.
Deficit 2026 - 2027 is some how pretty much unchanged.
Deficit 2027 - 2028 was $26.8B and is now $30.4B or an increase of 13%.
Deficit 2028 - 2029 was $20B and is now $27.8B or an increase of 39%.

Their projections are moving in the wrong direction.
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Old 12-17-2024, 01:48 PM   #15770
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Yes
Sure they are.. if you are only looking at a left/right slant. Of course when you look at facts and credibility they are no where near the same.

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Old 12-17-2024, 01:58 PM   #15771
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Originally Posted by calgarygeologist View Post
Maybe you can look at this with some sort of rose coloured glasses on but also keep in mind that the Fall Economic Statement is also projecting bigger deficits going forward than the Budget projected earlier this year.

Deficit 2024 - 2025 was $39.8B and is now $48.3B or an increase of 21%.
Deficit 2025 - 2026 was $38.9B and is now $42.4B or an increase of 9%.
Deficit 2026 - 2027 is some how pretty much unchanged.
Deficit 2027 - 2028 was $26.8B and is now $30.4B or an increase of 13%.
Deficit 2028 - 2029 was $20B and is now $27.8B or an increase of 39%.

Their projections are moving in the wrong direction.
Why do you use the deficit as the denominator? This is a 8 billion dollar change on a 450 billion dollar budget. So these are .5% -2% changes in the budget forecasts.

Also roughly half of those changes are spending the other half is the revenue side.
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Old 12-17-2024, 02:02 PM   #15772
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This is the third federal liberal meltdown that I can remember, alongside two PC ones.

It’s crazy how this happens in Canada, I think this will be a Kim Campbell sized collapse. Under 10 seats for the Libs after the election? Could happen.
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Old 12-17-2024, 02:03 PM   #15773
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Are we at the point yet where at a vote of confidence liberal seats abstain, don't show, or vote for the non confidence? I am on team chaos.
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Old 12-17-2024, 02:04 PM   #15774
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It's the same bad-faith argument made when the histrionic tax banshees complain that when a city or a province raises property, residential or corporate taxes a percentage point or two (say, from 5% to 6%) it's suddenly a MASSIVE 20% TAX INCREASE. Make sure to highlight the fact that it's double digits and remind the reader that spendocrats are out of control.
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Old 12-17-2024, 02:06 PM   #15775
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Originally Posted by Badgers Nose View Post
This is the third federal liberal meltdown that I can remember, alongside two PC ones.

It’s crazy how this happens in Canada, I think this will be a Kim Campbell sized collapse. Under 10 seats for the Libs after the election? Could happen.
Post Paul Martin was the great liberal collapse, they never got back until Trudeau aped Obama and sold hope.

I don't recall another collapse as mega as this but I also don't remember enough pre Mulroney.
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Old 12-17-2024, 02:07 PM   #15776
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Originally Posted by Firebot View Post
66.3 % for the CPC with 16% voter turnout in a riding that usually goes Liberal says the polls may not be painting just how dire it truly is for the Liberal / NDP when you consider voter apathy and motivation.
The Liberals have won 2 elections in that area (that specific riding and all the ones that contained parts of it in prior district boundaries) since the 1980s; I'm not sure I'd characterize it as a stronghold or anything.
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Old 12-17-2024, 02:40 PM   #15777
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Quote:
Originally Posted by Firebot View Post
https://enr.elections.ca/ElectoralDi...ed=1680&lang=e

Welp. CPC was polling at 53% according to 338Canada. 66.3 % for the CPC with 16% voter turnout in a riding that usually goes Liberal says the polls may not be painting just how dire it truly is for the Liberal / NDP when you consider voter apathy and motivation.




L O L

I don't know what's more fun, watching the complete total collapse of the Liberal party before our eyes in a matter of hours as they backstab each other live for all of us to see with a rogue leader refusing to step down, or PepsiFree and the usual crew in complete mental meltdown mode and on full damage control in vain attempts to control the narrative.

Claiming the LPC have any sort of strategy going right now while claiming PP is losing sleep over this political situation is most certainly a take.

I had a pretty good sleep myself last night I must say.
Did mom finally agree that you’re not too old to be tucked in?
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Old 12-17-2024, 02:50 PM   #15778
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Quote:
Originally Posted by Ozy_Flame View Post
It's the same bad-faith argument made when the histrionic tax banshees complain that when a city or a province raises property, residential or corporate taxes a percentage point or two (say, from 5% to 6%) it's suddenly a MASSIVE 20% TAX INCREASE. Make sure to highlight the fact that it's double digits and remind the reader that spendocrats are out of control.
MATH IS HARD BRO

Let's make this real real real simple for ya, ok buds?

If I pay a 5 percent tax on a 1000 dollars that is 50 dollars in tax
If I then pay 6 percent tax on a 1000 dollars that is 60 dollars
That is 10 dollars more!

That is an increase of WAIT for it 20 percent.

60-50/50 = 10/50 = 0.2 X 100 = 20%

So are you claiming that is not a 20 percent increase in your tax bill? Did you get out of elementary school?

Good lord.

[/MATH]
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Old 12-17-2024, 03:03 PM   #15779
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Why does someone countering/disagreeing certain points by others have to be defined as "mental meltdown."

If certain posters were having a true mental meltdown, they'd likely be pacing about their room/office/whatever, not capable of forming a coherent thought, much less type out serveral sentences/paragraphs/counter-arguments on a subject.

Yes, x posters disagree with you and is stating as much and explaining their thoughts. That's ok. It's not a mental meltdown.

I know this is a useless post, but it annoys me.
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Old 12-17-2024, 03:08 PM   #15780
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Quote:
Originally Posted by MelBridgeman View Post
MATH IS HARD BRO

Let's make this real real real simple for ya, ok buds?

If I pay a 5 percent tax on a 1000 dollars that is 50 dollars in tax
If I then pay 6 percent tax on a 1000 dollars that is 60 dollars
That is 10 dollars more!

That is an increase of WAIT for it 20 percent.

60-50/50 = 10/50 = 0.2 X 100 = 20%

So are you claiming that is not a 20 percent increase in your tax bill? Did you get out of elementary school?

Good lord.

[/MATH]
NEWSFLASH: There's also two sides to math!

Sure, it's a 20% tax increase but what you paid OVERALL is just 1% more than your previous bill. $1050 vs $1060.

It all entirely depends on what reaction you want your audience to have.

THIS IS AN OUTRAGE!
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