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  • ^^but we aren't in recession, we are growing. What happens when bad years happen, if this happens in the good years? What happens if interest rates rise? And the worst thing all this spending, most of it isn't on infrastructure or similar projects (which is what gave rise to the Conservatives deficits during global recession, which they were pushed into by minority government), its on day to day programs like "middle class" child benefit increases, or more funding for the CBC. Why does it make sense to borrow to fund the cbc? Seriously?
    Last edited by moahunter; 24-03-2016, 07:46 AM.

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    • Originally posted by moahunter View Post
      ^^but we aren't in recession, we are growing. What happens when bad years happen, if this happens in the good years? What happens if interest rates rise? And the worst thing all this spending, most of it isn't on infrastructure or similar projects (which is what gave rise to the Conservatives deficits during global recession, which they were pushed into by minority government), its on day to day programs like "middle class" child benefit increases, or more funding for the CBC. Why does it make sense to borrow to fund the cbc? Seriously?
      I'm normally against debt financing but when interest rates are very low and we can borrow long, I think there's better odds of it turning into a good decision. Should deflation hit, we'll really regret it.

      However, ideally borrowing should be focused on expenditures that reduce the lifetime costs of some asset or activity or generate growth.

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      • Originally posted by River Valley Green View Post
        Wow, by all the media-induced moaning and groaning, you'd think the libs were spending us to oblivion. But the actual deficit to revenue percentage is quite mild compared to previous governments, including the cons. http://www.huffingtonpost.ca/2016/03...n_9532294.html
        Correct. As I mentioned in previous posts, the fiscal picture, despite the deficit, is stable and we won't likely see any downgrade by credit agencies.

        After reading a bit more about it, now I think the "infrastructure" deficit part is actually less impressive than the hype. It looks like boosting the spending power of the lower-to-middle income portion of Canadian population is the main beef. Here is a breakdown from Frances Donald, which I posted a video from her before too:

        For Fiscal year 2016:

        Infrastructure : $3.97 billion
        Measures for modest-and low-income households: $ 5.59 billion.

        She argues that while Canada is not going towards recession, and thus we get less bang for infrastructure bucks (nerdy term used to describe this in the report is "multipliers"), it is probably the best option Canada had at this juncture.

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        • Originally posted by Sonic Death Monkey View Post
          {peeks inside thread for budget discussion, notices most of thread contributors are on my ignore list, backs away}
          psst, don't make too much noise now, but it is the 2nd day there is a decent discussion going on

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          • ^No, trying to stay within a budget.
            Gone............................and very quickly forgotten may I add.

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            • ^ fingers crossed!

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              • They say, don't bite the hand that feeds you. But in the case of the UN, the more you feed it, the more it bites you. Surprise surprise, after announcing billion dollar increases to UN funds, the UN rewards our Israel biased government by appointing a Canadian who is more neutral towards the palestinans:

                http://www.macleans.ca/news/canada/d...ights-advisor/

                This is why we aren't going to win a seat on security council no matter how many overseas pleasure trips Trudeau and his family takes to lobby for it. Canada is not perceived as neutral, because we aren't, as criticism of this appointment demonstrates.

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                • Controversy over Liberal Fundraiser

                  Just after news comes out, that the way to become a Liberal minister in the Ontario Liberal party is to meet fundraising targets (you basically buy your way to becoming a minister by raising enough money, at events only select people who perhaps want influence can attend), we now have the Federal Liberal justice minister hosting a fund raising event at a private law firm... no possible conflict of interest there, is there????

                  Liberal Party spokesman Braedon Caley defended the event, insisting that the party complies with the Election Act in all of its fundraising activities and that no lobbyists are expected to attend.

                  "As one would expect, all MPs have a role to play in attending events for their political party," he added.

                  Duff Conacher, co-founder of Democracy Watch and visiting professor at the University of Ottawa, said if the prime minister won't enforce his own rules he is essentially "approving of corrupt relationships between donors and politicians."

                  "If Prime Minister Trudeau is trying to hide behind the federal political finance rules, he's hiding behind an unethical facade," he said. "It's a charade and it allows still, ministers to essentially be bought off by wealthy individuals."

                  NDP MP and critic for ethics and democratic reform Alexandre Boulerice urged the Liberals to change course and rethink fundraisers that rely on "preferential access" to cabinet ministers.
                  http://www.cbc.ca/news/politics/libe...hics-1.3522933

                  We are only a few months into this government and the scandals are already building...

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                  • http://www.cbc.ca/beta/news/politics...nald-1.3523421
                    Wait, wait. This can't be. There must be some sort of mistake.

                    The Parliamentary Budget Office, the tenacious group of fiscal watchdogs who tangled repeatedly with the secretive regime of Stephen Harper, is now saying that the Trudeau government, which rode into office proudly flying the banner of transparency, is suppressing financial data and twisting and exaggerating the information it did provide in the recent federal budget.
                    . Plus.....

                    http://www.ctvnews.ca/politics/confe...ment-1.2842531

                    The honeymoon unravels...
                    Animals are my passion.

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