Federal Liberal deficit for fiscal year 2017-18 officially announced today as $19 billion, exactly double the $9.5 billion Trudeau predicted it would be in the 2015 federal election. Apparently the budget did not balance itself. .......and may I add that we are in a period of economic expansion, what would this look like if we weren’t? Adding stimulus to an expanding economy results in 2 things, inflation and higher interest rates. Well done Trudeau & Butts!!
This year’s federal deficit $19 Billion
- Thread starter Orion1027
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I am not a fan of racking up debt during good economic times. This is when the deficit and debt should be reduced so you build some room in the event of a future economic downturn.
I voted Liberal in the last Federal election because I was one of the many who thought that perhaps Trudeau would bring positive change to a government that became stale. I have to admit that I was wrong.
Poor financial management as evidenced above, goofy social engineering policies that are/were a waste of money/time, and his embarrassing escapades across the globe are enough.
Too bad that the conservatives are offering up a poor at best candidate in the name of Scheer. I would never vote NDP so I may have to see who else is running from a fringe party perspective.
Partisan politics aside - Why on earth are Canadians settling for such a sad group of representatives for our country?
Horse shit!! They blew their brains out and now they are using The Wynne/McGuinty accounting method to talk their way out of it. Trudeau has no clue what he’s doing, Bill Morneau has been the most invisible of finance ministers in memory, where has he been, hiding in his French villa waiting to return to the private sector.
