Carney platform promises $130B in new spending, deficits until 2029 :Heart Attack:

[DesRicardo]

If this doesn't wake you up, I don't know what will.

Carney platform promises $130B in new spending, deficits until 2029

Mark Carney’s plan for Canada includes $130 billion in new spending which will see the country run deficits until at least the fiscal year 2028-2029.

www.ctvnews.ca

He was smart to save this until after the Debate.

My heart literally skipped a beat when I saw this.

 

[huntethan2023]

If this doesn't wake you up, I don't know what will.

Carney platform promises $130B in new spending, deficits until 2029

Mark Carney’s plan for Canada includes $130 billion in new spending which will see the country run deficits until at least the fiscal year 2028-2029.

www.ctvnews.ca

He was smart to save this until after the Debate.

My heart literally skipped a beat when I saw this.

Don't worry , budget will balance itself.

 

[RZG]

If this doesn't wake you up, I don't know what will.

Carney platform promises $130B in new spending, deficits until 2029

Mark Carney’s plan for Canada includes $130 billion in new spending which will see the country run deficits until at least the fiscal year 2028-2029.

www.ctvnews.ca

He was smart to save this until after the Debate.

My heart literally skipped a beat when I saw this.

Spend, spend, tax tax. And accomplish SFA while greasing your wealthy friends. Holy fuck, this is getting so old.

 

[oil&gas]

Balloning debt is a falling knife. Promises to spend money we
don't have is how our leaders get elected. Deficit spending is
the way to maintain popularity. Will sheeple voters ever realize
they are on a joy ride to the day of reckoning.

 

[DesRicardo]

Don't worry , budget will balance itself.

And it's never been the same since.

 

[DesRicardo]

Spend, spend, tax tax. And accomplish SFA while greasing your wealthy friends. Holy fuck, this is getting so old.

And the people get next to nothing in return.

 

[DesRicardo]

He sounds like a salesman trying to lock you into a shady deal.

"Investments" "Efficiencies" "Operational Budget"

Why didn't he release this before the debate?

 

[Shaquille Oatmeal]

We need to spend to create economic value.
On healthcare.
On defence.
On home building.
Cutting taxes for billionaires and corporations like Pierre promises only puts money in the pockets of the rich.
So yes, good plan and good enough to vote in Carney.
Also, all of this is secondary to selecting a government that is ideologically opposed to the one in the US.
Not Pierre who leads a party representing people half of whom are MAGA loving quislings.

 

[DesRicardo]

If we are not pushing for oil investments, it's all lost money the working class will be paying back for decade, on top of the decades of debt we are already paying.

 

[Butler1000]

We need to spend to create economic value.
On healthcare.
On defence.
On home building.
Cutting taxes for billionaires and corporations like Pierre promises only puts money in the pockets of the rich.
So yes, good plan and good enough to vote in Carney.
Also, all of this is secondary to selecting a government that is ideologically opposed to the one in the US.
Not Pierre who leads a party representing people half of whom are MAGA loving quislings.

Dude, Carney isn't going to do any of that. He is a banker private equity guy. He will be the first to line the pockets of his friends via crony capitalism.

 

[oil&gas]

We need to spend to create economic value.
....................

Does that mean we need to spend money we don't have
with no end in sight so long as economic value is created?

 

[DesRicardo]

We need to spend to create economic value.
On healthcare.
On defence.
On home building.
Cutting taxes for billionaires and corporations like Pierre promises only puts money in the pockets of the rich.
So yes, good plan and good enough to vote in Carney.
Also, all of this is secondary to selecting a government that is ideologically opposed to the one in the US.
Not Pierre who leads a party representing people half of whom are MAGA loving quislings.

 

[DesRicardo]

We need to spend to create economic value.
On healthcare.
On defence.
On home building.
Cutting taxes for billionaires and corporations like Pierre promises only puts money in the pockets of the rich.
So yes, good plan and good enough to vote in Carney.
Also, all of this is secondary to selecting a government that is ideologically opposed to the one in the US.
Not Pierre who leads a party representing people half of whom are MAGA loving quislings.

 

[Shaquille Oatmeal]

Here are the facts as far as I have read up until now:
- Carney separates operating expenses (wages, daily expenses etc) and capital expenses (investments in long-term assets like infrastructure, clean energy, and defense , accepting modest deficits to finance these initiatives.).
This is good. We need these investments to grow.
He has also promised to balance the operating budget over 3 years.
- The proposed $130 billion in new spending is directed towards areas expected to yield significant economic returns.
This includes enhancing national trade corridors, expanding housing initiatives, and increasing defense spending to meet NATO commitments.
Such investments are designed to stimulate private sector participation and drive economic expansion.
- Carney emphasizes fiscal prudence by aiming to reduce the federal deficit from 1.96% of GDP in 2025-26 to 1.35% by 2028-29.
This trajectory is facilitated by curbing the growth of government spending from 9% to approximately 2% annually, without reducing transfers to provinces or individuals
- There are few others such as tax reforms to support households etc.,
I watched this video up until he said Carney is wasting money on interest charges.
That is stupid.
Capital spending always involves borrowing—this is normal.
But it creates economic value.
Underinvesting in these assets is actually costlier than interest charges as your productivity falls, housing shortages worsen and the military remains under resourced.
In short these video makers either dont know what they are talking about or they are misleading you with talking points.

 

[glamphotographer]

It's not spending, it's investing.

 

[Butler1000]

Here are the facts as far as I have read up until now:
- Carney separates operating expenses (wages, daily expenses etc) and capital expenses (investments in long-term assets like infrastructure, clean energy, and defense , accepting modest deficits to finance these initiatives.).
This is good. We need these investments to grow.
He has also promised to balance the operating budget over 3 years.
- The proposed $130 billion in new spending is directed towards areas expected to yield significant economic returns.
This includes enhancing national trade corridors, expanding housing initiatives, and increasing defense spending to meet NATO commitments.
Such investments are designed to stimulate private sector participation and drive economic expansion.
- Carney emphasizes fiscal prudence by aiming to reduce the federal deficit from 1.96% of GDP in 2025-26 to 1.35% by 2028-29.
This trajectory is facilitated by curbing the growth of government spending from 9% to approximately 2% annually, without reducing transfers to provinces or individuals
- There are few others such as tax reforms to support households etc.,
I watched this video up until he said Carney is wasting money on interest charges.
That is stupid.
Capital spending always involves borrowing—this is normal.
But it creates economic value.
Underinvesting in these assets is actually costlier than interest charges as your productivity falls, housing shortages worsen and the military remains under resourced.
In short these video makers either dont know what they are talking about or they are misleading you with talking points.

He is claiming a lot of money saved, per year, in government efficiency, but unless he plans to reduce the employment size, even via retirement, I'm highly skeptical. Also reducing Capital gains tax is right there for the rich.

Pretty much he is still adding to the debt. Spending is spending. Still not seeing much daylight between the two. Very similar platforms.

And Carney is still a private equity dude.

 

[nottyboi]

"Investments" "Efficiencies" "Operational Budget"

Why didn't he release this before the debate?

Too much red meat for dumb Canadians. People that think somehow PP can fix the housing crisis, healthcare and build a massive network of pipelines and reduce govt spend all at the same time.

 

[nottyboi]

He is claiming a lot of money saved, per year, in government efficiency, but unless he plans to reduce the employment size, even via retirement, I'm highly skeptical. Also reducing Capital gains tax is right there for the rich.

Pretty much he is still adding to the debt. Spending is spending. Still not seeing much daylight between the two. Very similar platforms.

And Carney is still a private equity dude.

Govt spending will continue to grow, as will revenues. The key is to slow down the growth in spend and increase the revenues.

 

[Shaquille Oatmeal]

He is claiming a lot of money saved, per year, in government efficiency, but unless he plans to reduce the employment size, even via retirement, I'm highly skeptical....Spending is spending.

He will probably cut consultants, trimming certain programs and ending pandemic era programs.
Also not all spending is the same.
Operating expenses are not the same as capital expenses to acquire assets that return economic value.

 

[40micmic]

Man I really wish I saw Carney's build Canada Strong by exponentially increasing deficits economic plan before I voted today. Would've swayed me to vote liberal