This is certainly disappointing.
http://business.financialpost.com/2...iped-out-a-year-later-than-expected-flaherty/
http://business.financialpost.com/2...iped-out-a-year-later-than-expected-flaherty/
Flaherty's plan for balancing books is delayed a year
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I see dark clouds ahead as the U.S. becomes oil self-sufficient. demand for Canadian oil and oil prices will drop. This means 9 "have not" provinces.
Given that even after Obama has finally started to talk about adopting parts of Romney's plan to address the US Federal Deficit while also raising taxes by trillions of dollars over the years to come (and putting yet more Americans out of work), it is likely that the US will be back in recession within months.
If the US goes back into recession as most people expect, Canada's economy will also be severely damaged, and the timeline to balance the federal books is likely to be delayed again.
If the US goes back into recession as most people expect, Canada's economy will also be severely damaged, and the timeline to balance the federal books is likely to be delayed again.
It is refreshing at last to see a conservative actually checking the books first, before making stupid promises like we'll never run deficits, or cutting taxes and starting wars without a hope of paying for either.
Unlike so many, our Mayor especially, Flaherty realizes you must first pay for tax expenditures by running a surplus.
Unlike so many, our Mayor especially, Flaherty realizes you must first pay for tax expenditures by running a surplus.
I see the usual suspects didn't even bother to read the article or try to grasp what is going on. Typical. Laughable but typical. You let partisan politics govern all your reponses to the extent that you all come off sounding an odd combination of smug and stupid.
Wrong again and I actually saw him make the announcement as well. So what was it we missed?
Apparently you missed just about everything if this is your sole comment. Where were with these pithy little pearls of wisdom when McSquint was throwing away bucketfuls. I stand by my original assessment as you still have given no indication that you have the slightest clue of what is happening here.
Perhaps you think the world economy, and more specifically the forecast for the US economy is equal or better than it was a 18 months ago? Perhaps you think that resource prices have risen? Perhaps you think that none of the above is important? Perhaps you would like him to cut spending to make up for it by stopping spending on the CBC?
For a supposed economist Harper keeps misreading the tea leaves, doesn't he?
He didn't see or prepare for a recession/depression everyone knew was coming and hasn't come out with a plan to get us out of this one.
All he did was ride on the rules already in place, kill a surplus on tax relief to the rich and corporations that haven't put it back in the economy.
Record surplus to record deficit in record time.
So groggy you obviously feel that the proper way to stimulate the economy is to raise taxes. Go see if you can garner much support for your novel theory amongst even your Dipper economists.
While you are there ask them how Canada fared in the recession compared to any other country. I'm guessing you will be surprised. You are also doing an excellent job of proving my point.
While you are there ask them how Canada fared in the recession compared to any other country. I'm guessing you will be surprised. You are also doing an excellent job of proving my point.
I missed very little, but just wanted you to put some meat on your claim, yet where's the beef?
What was clear was that the Conservative were making promises, yet by many opinions and your inference, were not in control, nor had any idea what the future held. The real crime was that people actually believed he could forecast the next 4 years at the time. I guess nothing is more clear than what was then was then and now is now.
How about not making promises that you have little chance to keep? Ooops, we forget, a politician can make promises on the campaign trail and not be held responsible or recalled for what he says.
And yet idiots will believe silly shams staged by the Taxpayers Federation, and pols like aMcG will participate, proving themselves as dumb as the Federation and the voters who believe such crap. At least Harper's stupid statement wasn't some sort of oath. Not that he'd pay any more respect to it if it had been.
The Ontario Liberals have never announced any plan to reduce spending, only a vague "hope" and promise that they'll balance the books in a few years. They have failed to put forward any plans which would even begin to make a serious cut in the Ontario deficit, and have continually backed away from proposals (e.g. from Drummond) which have been put forward.
Personally, I don't care whether the budget is perfectly balanced or not - there's nothing magical about the government taking every dollar they spend out of my wallet before they spend it. What is problematic is for the total debt to be growing over the longer term faster than the economy. And there is every indication that the federal government is getting the federal deficit under control in the medium term with a manageable total debt load, and without repeating the mistakes of the Paul Martin era of simply downloading expenses (cutting transfers) to other levels of government.
Personally, I don't care whether the budget is perfectly balanced or not - there's nothing magical about the government taking every dollar they spend out of my wallet before they spend it. What is problematic is for the total debt to be growing over the longer term faster than the economy. And there is every indication that the federal government is getting the federal deficit under control in the medium term with a manageable total debt load, and without repeating the mistakes of the Paul Martin era of simply downloading expenses (cutting transfers) to other levels of government.
What has become apparent is that the reduced corporate taxes and those to upper income earners have not had any impact on the economy other then depriving the government of revenue and putting us in structural deficit. The stimulus spending was mostly ok, though too much of it went it 'harper government' tm ads, its always good to spend a bit of cash on infrastructure maintenance. As long as you can avoid buying too many gazebos. But the point is the tax cuts Harper put in didn't boos the economy, now we've just got corporations sitting on cash they are afraid to invest.
Is that what Sid told you? Check with someone else. Someone without the agenda and with a few grey cells left.
Do you think that corporations would be more eager to invest the cash they are sitting on in Canada if taxes were raised ? You can't possibly be this stupid. Tell me you are just having a bad day and posted before you thought about it..
Perhaps. But I would say Flaherty has always shown far more enthusiasm for cutting taxes than for cutting spending.
He talks a good game about reducing government and the cost of government but he seems to be more talk than action.
I agree. Over the years Harper has moved the Conservatives firmly into the centre. There is more room for cuts but when you are teetering on another recession that's a double edged sword. What he seems to be blaming is a revised projection on commodity prices as tax revenues in Canada go up and down with the price of oil etc.
Roughly speaking he seems to prefer staying the course to actively fixing anything to do with the revenue spending imbalance. Having blamed the slide into it on the rest of the world's mismanagement, he seems now to be blaming its slow recovery for not raising our boats as fast as he'd predicted. But give him credit at least for not imagining a few bucks off someone's taxes would hocus-pocus away his deficit.
We'll draw a polite veil over his boss's rasher promises and discounting of expert advice on tax and spend arithmetic. Kinda interesting to note his 'don't do as I did, do as I say' advice in India though. Is he learning?
