03-22-2016, 06:38 PM
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#61
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Lifetime Suspension
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Quote:
Originally Posted by Jacks
The sale of those shares went through in April and will show on the current year ending this month, it had no effect on the surplus last year. That revenue will help the fiscal picture this year but it's a moot point since Harper was only in power for 1/2 of the year.
Hard to say if they made or lost money on the shares, most sources say that money was lost but they lump the federal and Ontario sales together, Ontario sold at a different price. Also we don't know if the government converted the money from USD right away, at the time of the federal sale our dollar was at about $1.25
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Well I go with what I read about in mainstream media. You said it was false and now sound like you really don't know exactly.
Who should we believe?
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03-22-2016, 07:06 PM
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#62
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Voted for Kodos
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They sold the shares (and some other things) to create a "temporary" surplus during the election. Is this even debatable?
Perhaps it was at a loss, perhaps it wasn't. I think that's besides the point.
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03-22-2016, 07:09 PM
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#63
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Franchise Player
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Numbers in Liberal platform:
2016/17: $9.9 B deficit
2017/18: $9.5 B deficit
2018/19: $5.7 B deficit
2019/20: $1.0 B surplus
Numbers in Liberal budget:
2016/17: $29.4 B deficit
2017/18: $29.0 B deficit
2018/19: $22.8 B deficit
2019/20: $17.7 B deficit
2020/21: $14.3 B deficit
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03-22-2016, 07:19 PM
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#64
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Franchise Player
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Quote:
Originally Posted by Red
Well I go with what I read about in mainstream media. You said it was false and now sound like you really don't know exactly.
Who should we believe?
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Oh FFS, read your own link. The sale was in this fiscal year ending this month not last year. The sale of the shares had to be booked eventually. If Harper just wanted to look good he would have sold them before the last year end to inflate the surplus. I'm done with this though, not going to convince you with facts obviously.
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03-22-2016, 07:27 PM
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#65
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Franchise Player
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My initial reaction is that this isn't what I voted for.
__________________
"The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
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03-22-2016, 07:37 PM
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#66
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by CorsiHockeyLeague
My initial reaction is that this isn't what I voted for.
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Isnt it though? He did promise deficit spending and oh boy is he delivering!
He just doesnt realize that this isnt the Dirty 30s and he isnt a Roosevelt.
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03-22-2016, 07:39 PM
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#67
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Franchise Player
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Yeah, I suppose, but not indefinitely, and this is a structural deficit by all appearances. Also my being on board with deficit spending depends on what the money's being spent on. I dunno I'm just pretty disappointed.
__________________
"The great promise of the Internet was that more information would automatically yield better decisions. The great disappointment is that more information actually yields more possibilities to confirm what you already believed anyway." - Brian Eno
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03-22-2016, 08:00 PM
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#68
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Fearmongerer
Join Date: Oct 2001
Location: Wondering when # became hashtag and not a number sign.
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100B in deficit spending over the course of 5 years at this rate.
The Harper gov't of 10 years produced 120B over that decade and that was with worldwide recession of 08 thrown in that totally changed the course of where the economy and spending was heading at the time.
Trudeau doing what a Trudeau does best. Spend other peoples money with zero concern of the lasting nor immediate impacts it has on those very peoples lives.
There is nothing surprising about this.
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03-22-2016, 08:02 PM
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#69
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First Line Centre
Join Date: Apr 2006
Location: Calgary
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Quote:
Originally Posted by Red
Well I go with what I read about in mainstream media. You said it was false and now sound like you really don't know exactly.
Who should we believe?
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The sale was booked for the fiscal year ending this year (Apr 2015- Mar 2016). A quote from your article "By waiting to sell the shares after April 1, which is the start of the fiscal year, the government is likely able to record the gains as revenue in the 2015-16 fiscal year – which is when it has promised to return to a balanced budget."
However, this article is from September 2015: http://www.theglobeandmail.com/opini...ticle26361999/
This article mentions a 1.9 billion surplus for the year ended March 31, 2015. That means that the surplus was for the 2014-2015 fiscal year. There were no GM sales in Apr 2014-Mar 2015.
The current Liberal budget DOES include all of the GM sales. The 30 billion deficit is erasing the 1.9B surplus from the year prior as well as the ~3.4B from the GM shares. Clearly not all of this is from just spending - oil prices dove hard as well in 2015, but the fact of the matter is that Harper's surplus was never fake, or buoyed by the GM sales.
Last edited by Regorium; 03-22-2016 at 08:07 PM.
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03-22-2016, 08:04 PM
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#70
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Franchise Player
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exactly what infrastructure is being proposed here?
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03-22-2016, 08:06 PM
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#71
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Franchise Player
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Quote:
Originally Posted by Red
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partisan rhetoric
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03-22-2016, 08:09 PM
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#72
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First Line Centre
Join Date: Apr 2006
Location: Calgary
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Quote:
Originally Posted by You Need a Thneed
They sold the shares (and some other things) to create a "temporary" surplus during the election. Is this even debatable?
Perhaps it was at a loss, perhaps it wasn't. I think that's besides the point.
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Yes. This is absolutely debatable considering it's false.
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03-22-2016, 08:16 PM
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#73
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Lifetime Suspension
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Quote:
Originally Posted by Enoch Root
exactly what infrastructure is being proposed here?
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- $8.4 billion over five years to help indigenous communities
- $2 billion over three years for a new strategic investment fund for infrastructure improvements at colleges and universities
- $2 billion over two years for a low-carbon economy fund, beginning in 2017-18
There may be more although the last one no idea what that actually is. I would hope it is for building some form of sustainable energy production.
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03-22-2016, 08:20 PM
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#74
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Fearmongerer
Join Date: Oct 2001
Location: Wondering when # became hashtag and not a number sign.
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Quote:
Originally Posted by Enoch Root
exactly what infrastructure is being proposed here?
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3.4 B for public transit.
2.24B for water and waste infrastructure for First Nations communities
1.48B for affordable housing.
1.22B for social infrastructure for First Nations, Inuit, and Northern communities.
500M for climate change mitigation and adaptation.
400M for early learning and childcare.
342M for cultural and recreational.....something or other.
Yup.
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03-22-2016, 08:25 PM
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#75
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Fearmongerer
Join Date: Oct 2001
Location: Wondering when # became hashtag and not a number sign.
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Just read this as well.
Quote:
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Canada’s public broadcaster is getting an additional $675 million over five years to help provide Canadians with “better access to programs and services in the digital era.” The funding commitment is part of $1.8 billion earmarked for arts and culture in Tuesday’s budget
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Why? Why in the hell does the CBC even need to exist any longer? Sink or swim on its own and quit being government funded competition to private companies.
Just absurd.
Last edited by transplant99; 03-22-2016 at 08:37 PM.
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03-22-2016, 08:45 PM
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#76
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On Hiatus
Join Date: Jul 2011
Location: Calgary Alberta Canada
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Working in the trades I'm happy for the infrastructure spending.
Nothing else really effects me
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03-22-2016, 08:52 PM
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#77
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Franchise Player
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The 70s called... they want their budget back
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03-22-2016, 08:55 PM
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#78
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Lifetime Suspension
Join Date: Sep 2011
Location: Calgary
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I'm getting screwed by the child tax benefit income claw back and the removal of income splitting. As far as I'm concerned, Trudeau can choke on a d***.
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03-22-2016, 08:58 PM
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#79
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Franchise Player
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Quote:
Originally Posted by Violator
Working in the trades I'm happy for the infrastructure spending.
Nothing else really effects me
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depends where the infrastructure spending will be happening.
You might have to pack up the family and move to Ontario.
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"OOOOOOHHHHHHH those Russians" - Boney M
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03-22-2016, 08:58 PM
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#80
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Franchise Player
Join Date: Aug 2009
Location: wearing raccoons for boots
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Quote:
Originally Posted by Violator
Working in the trades I'm happy for the infrastructure spending.
Nothing else really effects me
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But how much will be spent in Calgary? or Alberta?
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