Canada’s Liberals promise new spending, four more years of deficits

[webfact]

Canada’s Liberals promise new spending, four more years of deficits

By Kelsey Johnson

 

FILE PHOTO: Liberal leader and Prime Minister Justin Trudeau speaks during a rally in Peterborough, Ontario, Canada September 26, 2019. REUTERS/Chris Helgren

 

OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau's Liberal Party is promising billions of dollars in new spending initiatives if re-elected next month, but said on Sunday those commitments would require annual deficits of more than C$20 billion ($15.11 billion) over the next four years.

 

Trudeau, who is in a tough battle for re-election, released the Liberals' fully costed platform during a campaign event in Mississauga, Ontario, where he promised new investments for families, students and the environment.

 

Opinion polls show the Liberals, whose campaign was forced on the defensive earlier this month after photos and video from years before emerged showing Trudeau wearing blackface makeup, are in a statistical tie with the main opposition Conservatives.

 

A recent Nanos poll had the Conservatives leading at 34.1%, while the Liberals were at 32.6%.

 

The Conservatives have focused their election campaign on fiscal responsibility and affordability issues. Canadians vote on Oct. 21.

 

If re-elected, the Liberals said they would spend C$9.3 billion in 2020-21, increasing to nearly C$17 billion by year four. The federal deficit would be C$27.4 billion in the first year of a second term, before declining to C$21 billion in 2023-24.

 

The Canadian government posted a budgetary deficit of C$14 billion in the fiscal year ended March 31, according to the Finance Department.

 

Trudeau promised during the 2015 campaign to run three years of deficits before returning the federal budget to balance this year. Sunday's platform made no mention of when the budget would be balanced.

 

Canada's debt-to-GDP ratio would remain around the 30% mark, beginning at 30.9% in 2020-21 before dropping slightly to 30.2% in year four, the party said.

 

New revenues were estimated at C$5.2 billion in the first year, rising to C$7.2 billion in 2023-24, thanks partly to the party's promise to crack down on corporate tax loopholes and implement a 10% tax on luxury cars, boats and personal aircraft over C$100,000.

 

The Liberals said digital companies with worldwide revenues of at least C$1 billion and Canadian revenues of more than C$40 million would be subject to a new 3% tax on revenue generated through the sale of online ads and user data. The tax would take effect on April 1, 2020.

 

In an analysis, Canada's Parliamentary Budget Officer (PBO), which provides independent and non-partisan analysis on federal financial matters, including party costing, said the Liberals' estimate of their planned luxury goods tax had a "high degree of uncertainty."

 

The PBO said prices and sales of luxury items like boats and personal aircraft could fluctuate because of changes in buyer behaviour and exchange rates.

 

(Reporting by Kelsey Johnson; Editing by Peter Cooney)

 

-- © Copyright Reuters 2019-09-30

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[canuckamuck]

This guy could literally say or do anything and still get elected. Just watch a new high rez version of him in blackface, black everything actually, right down to stuffed crotch. And then with his ethics breaches, the ridiculous embarrassing overseas behavior. His spending policies, the crippling of the oil industry. What the heck Canada. What would he have to do to lose your confidence?

[Sakeopete]

Sadly people are so superficial that they will vote for him because he is a pretty boy. I was shocked that he won in the first place. 

[DoctorG]

Socialist governments worldwide are really good at spending YOUR money.

[yuyiinthesky]

Good to see that they did not fall into the Austerity trap. By now we know that the research promoting Austerity was based on errors in Excel spreadsheets.
https://arstechnica.com/tech-policy/2013/04/microsoft-excel-the-ruiner-of-global-economies/
https://gizmodo.com/thank-a-simple-excel-error-for-austerity-economics-5994887

[sillyfool]

7 hours ago, canuckamuck said:

This guy could literally say or do anything and still get elected. Just watch a new high rez version of him in blackface, black everything actually, right down to stuffed crotch. And then with his ethics breaches, the ridiculous embarrassing overseas behavior. His spending policies, the crippling of the oil industry. What the heck Canada. What would he have to do to lose your confidence?

because it's 2015.........

 

i am gonna start calling him mr 50k

 

this makes me sick on so many levels. you know how many f***ing hoops a thai lady has to jump through to get into canada. i do. 

 

https://www.cbc.ca/news/canada/the-national-roxham-road-immigration-border-1.5169249

[from the home of CC]

14 minutes ago, sillyfool said:

because it's 2015.........

 

i am gonna start calling him mr 50k

 

this makes me sick on so many levels. you know how many f***ing hoops a thai lady has to jump through to get into canada. i do. 

 

https://www.cbc.ca/news/canada/the-national-roxham-road-immigration-border-1.5169249

Yea I laugh when folks on here complain on how hard the immigration policies are here, this place is a piece of cake compared to getting my wife into Canada. IMO whatever party gets our oil to market in a reasonable expedited fashion for fair market costs is the party who should be at the helm. This is what the country needs most right now whether people want to admit it or not. Taking care of every one of your citizens is a fine ideal but socialism has to be paid for and it's not cheap. Our oil and the in situ infrastructure can keep us going while other industries are developing, it's basically our only game presently that represents billions consistently.

 

 

[cbc]

For those members on here who read this liberal platform and Trudeaus plan to destroy Canada and wonder how could he get re-elected well the part of his platform not shown is how he will get his lousy government four more years.He plans on giving more tax payers money to the UNHCR and other causes outside the country plus a programme of a study flow of refugees (250 ) yearly.He has also stacked the deck by allowing in enough newcomers and refugees/asylum seekers that those eligible to vote do so for his government because he is nice to immigrants. They,newcomers in and around the big cities now outnumber Canadians and that is how he got and will no doubt get re-elected.Canada is lost as we knew it,

[RichardColeman]

It's rather a shame governments are not forced to obey the same rules as bank customers !

[sillyfool]

1 hour ago, cbc said:

For those members on here who read this liberal platform and Trudeaus plan to destroy Canada and wonder how could he get re-elected well the part of his platform not shown is how he will get his lousy government four more years.He plans on giving more tax payers money to the UNHCR and other causes outside the country plus a programme of a study flow of refugees (250 ) yearly.He has also stacked the deck by allowing in enough newcomers and refugees/asylum seekers that those eligible to vote do so for his government because he is nice to immigrants. They,newcomers in and around the big cities now outnumber Canadians and that is how he got and will no doubt get re-elected.Canada is lost as we knew it,

i saw it all starting at the start of the 2000's. left canada in 03. spent 6 years in thailand and then went back with my wife. i went a year early. she came the next year after i rebuilt my life to an acceptable visa app level. we spent 10 years there and i watched my country change on so many levels. i am disgusted with the state of my home. i moved to the middle of no where after spending a number of years in the gta working. now when i go into cities like toronto and ottawa i feel like i'm in another country. 

 

no one asked us if we wanted this. 

 

ohhhh canada  ????

[pegman]

How can Young Justin get re-elected when so many Canadians in Thailand and those on ThaiVisa oppose him? That would be because they do not reflect the sentiments of Canadians as a whole. Conservative knuckle draggers may be a high proportion of Canadian expats in Thailand but not in Canada.

 

By the sound of these posts the cons are throwing in the towel even as their party of choice leads in the polls. Obviously these guys are not as dumb as they come across. The Conservative Party vote is concentrated in a few mid-size prairie provinces and they have no chance at winning. 

 

Rational Canadians, those not fed <deleted> in the State of Alberta by the Calgary Sun, know the problems in the crude industry stem from over production by the USA and the State of Alberta. The State of Alberta produces and exports more crude now than at any other time. Which along with shale fracking has flooded the market and cut prices to less than half. That predates Young Justin, and Notley for that matter. Neither closet boy Kenny nor bible thumper Scheer can fix that. 

 

To  to set the record straight the biggest deficits in Canadian history we're by the conservative governments of Harper and Mulrony. Most of the  government debt in Canada is not federal but provincial.  The debt by the federal government in Canada is very manageable because of the surplus budgets brought in by Liberal Party finance minister Paul Martin. The Conservative Party government of Harper had record-setting high deficits but the Liberals now have those under control.

 

I'm not a liberal and I won't vote for them but I'm happy to see them get in because it means the conservative party lose. The best governments in my lifetime were minority Liberal Party forced to implement NDP policies. Those include Petro Can (our Stat Oil), Canada Pension Plan and Medicare for all.  The worst were conservative governments that were so bad they ended up having to change their name and reinvent themselves.  Different  name but same bad policies. I'll take my chances on the guy who put on black face as a teenager in high school against the party whose Prime Minister was caught taking brown paper bags full of cash from a lobbyist. Let's hear it for four more years for Young Justin. 

 

 

[Tayaout]

I don't miss that place. Ok maybe the rockies and Vancouver island... 

[sillyfool]

5 hours ago, pegman said:

How can Young Justin get re-elected when so many Canadians in Thailand and those on ThaiVisa oppose him? That would be because they do not reflect the sentiments of Canadians as a whole. Conservative knuckle draggers may be a high proportion of Canadian expats in Thailand but not in Canada.

 

 

nothing says communication and dialect more than generalizing a part of the population with childish name calling. good to know you care little to nothing about JT's ethics violations etc. i wonder if sheerer dressed up in black face on numerous occasions would he be given the same pass as JT has been given ? we both know the answer to that i was being facetious. but his hair is so dreamy.......

 

for the record i don't do politics. i don't support the liberals the cons or even your revered NDP. they are all one in the same. over the last say 50 plus years the country and for the most part the world has been moving steady in a certain direction. 

 

funny how almost every single western country world wide are having the same issues with immigration etc all at the same time. a real knuckle dragger that one.

 

ps. the blackface of trudeau was not in hs. you are being misleading with that. it was in 2001 and trudeau was 29. one of the other instances he was younger yes but the breaking story was of him at a much older age. one would think that repeating the same gaff over and over sort of shows a little about the person no ? once i can see as a mistake or bad judgement. but 3 or 4 times. come on.

https://time.com/5680759/justin-trudeau-brownface-photo/

 

sincerely 

mr sandman

[Tayaout]

I don't see the issue with the brown face.

 

I dressed like a drag queen twice for Halloween. It was only for fun. I always had conventional sex in my life.

 

Looks to me like a smear campaign against him. The corruption is a big issue tho. 

[sillyfool]

5 hours ago, pegman said:

To  to set the record straight the biggest deficits in Canadian history we're by the conservative governments of Harper and Mulrony. Most of the  government debt in Canada is not federal but provincial.  

 

ontario is the most populated province by a large margin and the liberals were in power from 2003 to 2018....during that time the debt rose from 138b to 308b.

under harris it went from 95b to 132b

under bob rae it went from 38b to 90b

 

but lets not facts get in the way shall we. 

[sillyfool]

5 minutes ago, Tayaout said:

I don't see the issue with the brown face.

 

I dressed like a drag queen twice for Halloween. It was only for fun. I always had conventional sex in my life.

 

Looks to me like a smear campaign against him. The corruption is a big issue tho. 

i see it this way. politics is a game played by rich people to keep poor people busy. 

 

i don't care much for the brownface thing either but the hypocrisy is quite loud on these matters in regards to liberal vs con.

[canuckamuck]

The use of the term brownface is ridiculous. It is only an attempt to water down the hypocrisy of Trudeau.

Sure once he tried out a less dark ethnicity to parody. But he clearly has done blackface so much he can't recall how often he has done it. Nobody does blackface as much as Trudeau. It is clear that he gets off on emulating minorities as some sort of hilarious caricature. He didn't know it wasn't funny to everybody because he grew up in the bubble of Canadian royalty completely out of touch with real Canadians. Brought up to admire Castro and has been quoted as admiring the communist dictatorship of China, because they don't have to follow rules to get things done. China who is currently interning people for their religion and harvesting organs from prisoners. The same philosophy admired by many these days (Pegman). 

When foreigners think of Canada now they think of this foppish twit parading about in some ethnic garb making grand speeches against white supremacy, But at they same time they know he loves to dress up like the colored people because they are just so funny. 

Conservatives get burned at the stake (figuratively) because of some imagined connection to white supremacy in days gone by by other generations. But Trudeau gets a pass despite displaying the most offensive behavior possible for this day and age. It is the hypocrisy and the cognitive dissonance that is so nauseating. Trudeau is the full embodiment of White privilege in living color. The left has clearly become the useful idiots that are essential for a Marxist revolution. The only solace is that after the revolution, they will be the first to face the firing squad, As activism has no place after Marxism is established.

[pegman]

44 minutes ago, sillyfool said:

ontario is the most populated province by a large margin and the liberals were in power from 2003 to 2018....during that time the debt rose from 138b to 308b.

under harris it went from 95b to 132b

under bob rae it went from 38b to 90b

 

but lets not facts get in the way shall we. 

Here is a fact for you, this thread is about the Canadian Federal election. Please stay on topic.

[sillyfool]

6 minutes ago, pegman said:

Here is a fact for you, this thread is about the Canadian Federal election. Please stay on topic.

why did you mention that most of the debt is provincial then  ? 

 

quote

Most of the  government debt in Canada is not federal but provincial.

 

please stay on topic ? 

[sillyfool]

24 minutes ago, canuckamuck said:

The use of the term brownface is ridiculous. It is only an attempt to water down the hypocrisy of Trudeau.

Sure once he tried out a less dark ethnicity to parody. But he clearly has done blackface so much he can't recall how often he has done it. Nobody does blackface as much as Trudeau. It is clear that he gets off on emulating minorities as some sort of hilarious caricature. He didn't know it wasn't funny to everybody because he grew up in the bubble of Canadian royalty completely out of touch with real Canadians. Brought up to admire Castro and has been quoted as admiring the communist dictatorship of China, because they don't have to follow rules to get things done. China who is currently interning people for their religion and harvesting organs from prisoners. The same philosophy admired by many these days (Pegman). 

When foreigners think of Canada now they think of this foppish twit parading about in some ethnic garb making grand speeches against white supremacy, But at they same time they know he loves to dress up like the colored people because they are just so funny. 

Conservatives get burned at the stake (figuratively) because of some imagined connection to white supremacy in days gone by by other generations. But Trudeau gets a pass despite displaying the most offensive behavior possible for this day and age. It is the hypocrisy and the cognitive dissonance that is so nauseating. Trudeau is the full embodiment of White privilege in living color. The left has clearly become the useful idiots that are essential for a Marxist revolution. The only solace is that after the revolution, they will be the first to face the firing squad, As activism has no place after Marxism is established.

he also called castro a remarkable leader.

 

after all we all know his mom was quite the party girl. club 54 anyone ?

 

this always gives me a chuckle.....

 

[pegman]

20 minutes ago, canuckamuck said:

The use of the term brownface is ridiculous. It is only an attempt to water down the hypocrisy of Trudeau.

Sure once he tried out a less dark ethnicity to parody. But he clearly has done blackface so much he can't recall how often he has done it. Nobody does blackface as much as Trudeau. It is clear that he gets off on emulating minorities as some sort of hilarious caricature. He didn't know it wasn't funny to everybody because he grew up in the bubble of Canadian royalty completely out of touch with real Canadians. Brought up to admire Castro and has been quoted as admiring the communist dictatorship of China, because they don't have to follow rules to get things done. China who is currently interning people for their religion and harvesting organs from prisoners. The same philosophy admired by many these days (Pegman). 

When foreigners think of Canada now they think of this foppish twit parading about in some ethnic garb making grand speeches against white supremacy, But at they same time they know he loves to dress up like the colored people because they are just so funny. 

Conservatives get burned at the stake (figuratively) because of some imagined connection to white supremacy in days gone by by other generations. But Trudeau gets a pass despite displaying the most offensive behavior possible for this day and age. It is the hypocrisy and the cognitive dissonance that is so nauseating. Trudeau is the full embodiment of White privilege in living color. The left has clearly become the useful idiots that are essential for a Marxist revolution. The only solace is that after the revolution, they will be the first to face the firing squad, As activism has no place after Marxism is established.

I know this is a tough time for you and your fellow Snowflakes. The outrage you, as a State of Albertan, must be feeling because a French  Quebecois is PM and dressed as Alladin for a costume party. Oh, the humanity of it all, 555!

[canuckamuck]

11 minutes ago, pegman said:

I know this is a tough time for you and your fellow Snowflakes. The outrage you, as a State of Albertan, must be feeling because a French  Quebecois is PM and dressed as Alladin for a costume party. Oh, the humanity of it all, 555!

Can't even come up with your own put downs. We know who the snowflakes are, they aren't in my crowd.

The outrage is that he gets a pass. Any conservative would have been finished in public life. Hypocrisy is a defining characteristic of the left.

[canuckamuck]

29 minutes ago, sillyfool said:

he also called castro a remarkable leader.

 

after all we all know his mom was quite the party girl. club 54 anyone ?

 

this always gives me a chuckle.....

 

Fidel must have been very proud of his little cuckoo.

[pegman]

12 minutes ago, canuckamuck said:

Can't even come up with your own put downs. We know who the snowflakes are, they aren't in my crowd.

The outrage is that he gets a pass. Any conservative would have been finished in public life. Hypocrisy is a defining characteristic of the left.

Nearly every daily newspaper in Canada, including all 4 major papers in your State of Alberta, are owned by PostMedia. It is controlled by Bay St and demands as policy each and every of their papers endorce the Conservative Party every election. All those papers have tried to pull Trudeau down on this and many other phoney issues. Their failure is not from lack of trying.

 

 

https://en.m.wikipedia.org/wiki/Newspaper_endorsements_in_the_2015_Canadian_federal_election

[canuckamuck]

5 minutes ago, pegman said:

Nearly every daily newspaper in Canada, including all 4 major papers in your State of Alberta, are owned by PostMedia. It is controlled by Bay St and demands as policy each and every of their papers endorce the Conservative Party every election. All those papers have tried to pull Trudeau down on this and many other phoney issues. Their failure is not from lack of trying.

 

 

https://en.m.wikipedia.org/wiki/Newspaper_endorsements_in_the_2015_Canadian_federal_election

Well, we are thankful for small mercies.