August 31, 2015

Opposition parties swing both ways on deficits -- and hope nobody notices

Brian LilleyRebel Co-Founder
 

You’ve been hearing the Liberals and NDP attack Stephen Harper and the Conservatives for weeks now, saying that the Conservatives are in a deficit situation already, that the Conservatives spend too much.

Which is funny. I agree that the Conservatives spend too much, that government should be smaller -- but both the Liberals and NDP have been calling for higher government spending since Stephen Harper took power.

During the recession in 2008 they claimed the deficits were not high enough and called for more spending, now they denounce those deficits and still call for more spending.

So now Harper is hitting back.

He’s right: After attacking the Harper Conservatives for deficit spending, while also calling for more spending, Trudeau has now said that if he and the Liberals take power they will run deficits so that they can “invest” in Canadians.

I told you about Trudeau’s infrastructure plan last week. About two thirds of the planned $60 billion in spending over 10 years is social spending. He calls new social program spending on things like day care, social infrastructure.

It’s part of why he says deficits are acceptable.

But while the Liberals have said they will run a deficit, the NDP has said they won’t. So it was interesting on Sunday to see the Liberals and the Conservatives both come out with their own studies claiming that the NDP will rack up lots of red ink to pay for their promises.

The Liberals claim the NDP shortfall would amount to $5 billion in the first year and $28 billion over four years. The Conservatives put those figures a bit higher, $8 billion in the first year and $34 billion of unfunded promises over four years.

Did you hear that? 125 unfunded election promises?

So what is Mulcair saying about this? He’s saying he just has different spending priorities.

It’s not actually true, that vaunted NDP track record. I can point to Ontario, I can point to BC, I point to what is happening in Alberta and I will take this on, this idea of NDP fiscal prudence later on in the campaign but for now, let’s look at what Mulcair would do.

He would cancel income splitting for families. He is philosophically opposed to it but he wants you to believe he won’t take it away from seniors because somehow it is good for seniors but not the rest of us.

He would raise corporate tax rates higher even though he admitted he doesn’t know what the federal corporate tax rate is -- he just thinks it should be higher.

He would hike capital gains taxes, so if you have invested for your retirement, you could take an extra tax hit because he thinks money needs to be taxed at every turn. And of course, he is not a fan of tax free savings accounts because your money isn’t really yours; to a socialist, it is the government’s money until they let you keep it.

The NDP and Liberals want you to think Stephen Harper’s deficits are bad. I admit, I’m not a fan of them but Justin Trudeau now admits a Liberal government would run several years more of deficits and the NDP will either run deficits or hikes taxes so high as to kill the economy, which will eventually lead to deficits.

Act accordingly when it comes time to vote.

 

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Comments
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commented 2015-09-02 00:29:09 -0400
Jimmy, you have no idea how crushed I am.

The left clearly don’t know how ridiculous they sound when they twist and contort a grain of the truth into a full blown bag of bull. I don’t think any but the most un or ill informed voter will fall for it. Falsehoods, and overblown reactionary nonsense, because that’s all they got.
commented 2015-09-01 17:51:34 -0400
@jimmy Da Silva Actually Jimmy the word today is that we have had only a mild contraction and it actually began to grow in June and appears to be in the rebound and the so called recession was just a blip this all on CTV bews at 5:49 today by no less than Bob Fife and Tim Harper.
commented 2015-09-01 16:43:29 -0400
Liza,

The majority of what you post on The Rebel is absolute idiocy. I mean Joan and Erin are reasonable conservatives – they use logic and common sense. You are the batshit crazy type of conservative, so your opinon really means less than nothing.
commented 2015-09-01 16:16:36 -0400
What you say da silva is so simplistic as to be infantile. What does that make anyone who cannot connect two dots to save their life!
You are bad filler .
Stupid and stupider.
commented 2015-09-01 14:36:51 -0400
Just look at it this way Mulcair’s all about Jobs (public sector union) and growing gov’t, what else
is going to come out of his subsidized daycare for Canadian families, not to mention his Cap and Trade
where everything including the kitchen sink will cost more and is popularly known as a tax on consumption..
Article on Quebec’s costly daycare, written by Michel Kelly-Gagnon was in the Toronto Sun
last week, worth the read.
commented 2015-09-01 14:23:29 -0400
Which also means that The Rebel will no longer cover the economy, because it makes Harper look bad now and he will take a big hit over this.
commented 2015-09-01 14:22:00 -0400
And by the way – it’s official, Canada is in a recession – which means Harper was lying out of his ass.
commented 2015-09-01 14:19:07 -0400
Christian,

Let’s hope you have mastered the “read” and “comprehend” functions – since the article information adds something new to this discussion, that of course The Rebel avoids.
commented 2015-09-01 14:16:01 -0400
Peter,

Well considering most people here hate the main stream media – one can’t be too sure that everyone here actually reads anything that goes against Lord Harper. I am quite sure that The Rebel serves as the main news source for many people here.
commented 2015-09-01 08:50:00 -0400
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commented 2015-09-01 07:12:04 -0400
Jimmy, you should post you comments here and not assume the people here are too stupid to visit other site to get news. Post a like to the article. I tend to follow those links are read the article as I am sure other here do too.
commented 2015-09-01 07:00:09 -0400
My what courage from the gentleman below. Instead of addressing specifically what is being discussed among others here, he demonstrates his superior ability in the “Cut and Paste” function.
commented 2015-09-01 05:07:44 -0400
Harper Changes Recession Stance.

Why of course he does.

Conservatives are distancing themselves from their own definition of a recession on the eve of a key Statistics Canada report that will show whether the country’s economy shrank for a second consecutive quarter.

Stephen Harper sidestepped questions Monday about how to define a recession as the Conservative Leader noted that broader factors should be taken into account when looking at the economy.

“It’s more important to describe the realities of the situation, rather than have labels,” said Mr. Harper in French on Monday after a rally in Ottawa. Mr. Harper argued that most of the contraction in the economy is focused around the energy sector and that other sectors are growing.

Yet just over two months ago, the Conservative government approved the Federal Balanced Budget Act, which put into law what is commonly referred to as the technical definition of a recession. The act defines a recession as “a period of at least two consecutive quarters of negative growth in real gross domestic product for Canada…” The law, which was passed as part of an omnibus budget bill, is meant to encourage future governments to balance the books every year. It allows deficits to occur due to a recession, but triggers a set of actions including a freeze on operational spending.

On Tuesday, Statistics Canada will report the GDP figures for June, which will show whether Canada did in fact meet that legislated definition. Statistics Canada has previously reported that the Canadian economy shank in each of the five months from January to May. Tuesday’s report is sure to generate significant spin from the political parties as they fit the data to meet their own messaging.

Opposition parties, however, signalled Monday they are ready to attack the government’s record regardless of what the figures show.

“Whatever is in that report, it’s not going to change the fact that Stephen Harper’s plan is not working,” NDP Leader Thomas Mulcair told reporters Monday.

Liberal candidate John McCallum, a former bank economist, said Canadians feel as though the country is in recession and a weak economy requires government action.

“I think Mr. Harper’s trying to get himself off the hook. His own legislation defined a recession as two consecutive quarters [of negative growth],” said Mr. McCallum.

There is a broader definition of a recession created in 2012 by the Business Cycle Council, a committee of eight economists organized by the private, non-partisan C.D. Howe Institute. But those economists now find themselves in the eye of an election campaign feud over whether there was a 2015 recession in Canada.

The council issued its first report in Oct. of 2012, defining the start and end of all Canadian recessions going back to 1926. The council did not issue another statement until July 28 of this year, after a July 22 meeting.

“The council defines a recession as a pronounced, pervasive and persistent decline in aggregate economic activity,” said the council in July. “The Business Cycle Council therefore determined that as of July 22, data did not provide evidence that Canada had entered an economic downturn. The council may review its position in fall 2015.”

At the time, only the first four months of GDP data had been released. The figures for May would be released three days later, showing a fifth consecutive month of negative growth.

Data from the second quarter has so far been worse than what the council expected in July. The council ranks recessions from one to five, or mild to severe. A category-one recession is defined as “a short, mild drop in GDP and no decline in quarterly employment.”

Incoming council co-chair and economist Craig Alexander said if Tuesday’s data shows a second consecutive quarter of negative growth, that would likely meet the council’s definition of a category-one recession. However, he also said the council will need to wait until at least December – after the Oct. 19 election – to review third-quarter data and second-quarter revisions before issuing a further update.

“There’s a lot of emotion that gets caught up in the word recession,” said Mr. Alexander, noting the point of the committee is to provide an accurate historical record.

Bill Robson, the president and CEO of the C.D. Howe Institute, said he did not expect in July that the definition of a recession would become such an issue.

“I’m glad to have put something out that I think is helpful for thinking about economic upturns and downturns,” he said of the July report. “I regret that it has become as politically charged as it has.”
commented 2015-09-01 00:55:30 -0400
TANSTAAFL (There Ain’t No Such Thing As A Free Lunch). Plain and simple.
commented 2015-09-01 00:07:05 -0400
Peter is right, having lived lived through a NDP government myself I can honestly say it really sucked. Mike Harcourt and Glen Clark helped the unions get a stranglehold on B.C.s labour thus making it hard to get a decent job ( I applied for job at a video store and was told not bother because of they had received over 500 resumes in just 2 days ).
It wasn’t until We elected Gorden Cambell ( Liberal Party of B.C. of all things ) that the economy started to take a turn for the better.
I shudder to think what an NDP government would do to Canada and it’s people.
commented 2015-08-31 23:45:52 -0400
Mulcair says that the NDP have a history of good government. Does Mulcair think Canadians are stupid?
commented 2015-08-31 23:44:58 -0400
In every province the NDP have governed they have tanked the economy, BC, Saskatchewan, Manitoba, Ontario and Nova Scotia and now Alberta.
commented 2015-08-31 23:37:10 -0400
Everyone always forgets about Saskatchewan, The NDP party was in that province for almost 20 years. What happened? Before they were elected the province was booming and everyone was making money… Then they were elected and people were leaving the province by record numbers. Yea the NDP is great for everyone… F*ck Canadians have short memories…
commented 2015-08-31 23:35:21 -0400
when Mulcair talks about Tommy Douglas not running deficits for 17 years, all the while implementing medicare. I can’t help but wonder if ANY province ran deficits back in those days. I don’t remember hearing the term back then. We lived in Saskatchewan at that point, and my father was a Dr. (part of the “British Brain Drain”, ironically due to socialized medicine in Britain, which caused Drs. to leave by the thousands). But we moved Empress..barely inside Alberta. The well-known gas plant was built on the Alberta side, in large part because Alberta had no sales tax…Saskatchewan did. Just a little accurate history Mr. Mulcair
commented 2015-08-31 22:45:48 -0400
WHAT!? NDP Track record!? BC, Ontario and now Alberta show track records of spending OUT OF CONTROL! NOT BALANCED BUDGETS or LOWER TAXES for anyone who works or employs people.
commented 2015-08-31 22:15:16 -0400
The way JT and Mulcair are “spending our money” in their campaigns we will all be broke by the end of September. Of course they don’t know how to fund it all and there certainly not enough “rich” people in the country to pay for it all.
commented 2015-08-31 21:04:39 -0400
They are now cramming! hahahahh!!!!
commented 2015-08-31 19:22:22 -0400
Socialist Gov’t’s also tend to end up with some kind of strong man running the show as the policies of said Gov’t have bankrupted or otherwise emasculated the population so there is no resistance. This is what Hitler did in the 30’s lead up to WWII. Then some kind of conflict or “emergency” is fabricated to keep the Socialist Gov’t in power, usually with the leader that started it. This is likely what Obama is doing in the U.S. I cannot fathom how U.S. voters have not caught onto this and turfed him. Perhaps U.S. voters have become as “obtuse” as Canadian voters, to coin a word used by that ardent Communist himself….Pierre Elliot Trudeau. Make no mistake. The son hails from the same philosophy!
commented 2015-08-31 19:20:53 -0400
The NDP and Liberals’ will run Canada into a deep hole of deposits’ and trouble as they’ve always done anywhere I have been when they were in power Provincially in Saskatchewan and they will do it here to,
I am concerned they will run the economy so poorly that they will get ud in trouble with the IMF – like Greece and Portugal and you never get out of debt once they get thier forever debt last forever high interest rate areound a countries neck!
These people act responsible until they get into power then they ruin everything they touch, like Greg Sellinger and the NDP or Kathelene Wynee and the Liberals or Notley and the NDP in Alberta! The proof is standing right in front of our eyes to see!
commented 2015-08-31 19:15:11 -0400
“The ones who like Trudeau, Mulcair, and Wynne nowadays vote for a living.” Good point. The “takers” trying to get more freebies out of the “makers” To expand on Vlad’s point….Socialists always consider what working people earn as “their” money, not yours. They are simply “kind” enough to leave some in our hands to perpetuate the misery. I believe it was Winston Churchhill who described Socialism as a form of Gov’t that spreads ever increasing misery to an ever increasing amount of people.
commented 2015-08-31 18:35:07 -0400
If you want to partake in the election contest fill in the attached form you never know who will be the winner.
LET’S HAVE FUN SEE WHO’S BEST, SEE WHO’S RIGHT
COME ON, JOIN US NOBODY IS A LOOSER frasbow@live.ca
LET’S HAVE A LITTLE FUN REBELS
HERE ARE THE REBELS WHO ARE HAVING FUN
CHARLES MOULTON, DON MORRIS, JOAN ABERNETHY, BILL COLLINS, JACK RILEY, PETER NETTERVILLE, PAT ANJALT, MARTY ASHFIELD, SYLVIA ANAKA, TOKEN CONSERVATIVE, YVETTE MOZOLl , TOKEN CONSERVATIVE, ROS FELDMAN, DANIEL HUNT & ME FRASER MCBURNEY
PREDICT THE OUT COME OF THE ELECTION
__________seats for the BLOC PARTY
__________seats for the CONSERVATIVE PARTY
__________seats for the GREEN PARTY
__________seats for the LIBERAL PARTY
__________seats for the NEW DEMOCRATIC PARTY
LET’S HAVE A CONTEST TO SEE WHO IS RIGHT
I WILL SEND A 1982 UNCIRCULATED CANADIAN SILVER LIKE DOLLAR TO THE WINNER AND A .925 SILVER NECKLACE TO EACH REBEL WHO PREDICTS THE ELECTION.
BUT THE LOOSER’S WILL SEND $10 .00 TO EZRA’S DEFENCE FUND TO HELP DEFEND FREE SPEECH. WHERTHER YOU ARE LEFT WING OR RIGHT WING FREE SPEECH IS THE ISSUE DEFEND IT OR LOOSE IT.
To receive a .925 silver necklace you will have to send your address and a copy of your donation to Ezra’s fight with the Alberta human rights commission. send it to frasbow@live.ca and it will be in the mail within 24 hours. -
commented 2015-08-31 18:30:47 -0400
I will never understand, as someone well in my sixties, why the electorate never understands that when the government “gives” you something, what they are giving is your own money. Certainly I can believe that Mr. Mulcair will balance the budget for all his programmes giving away money, but guess whose money? Would you rather have used it for something different than Mr. Mulcair’s priorities?

But at least Mr. Mulcair has thought things out as a socialist with a clue as to what he is doing. Junior, on the other hand, is probably just waiting for a cookie as a reward from his adoptive Ontario Mommy for his last sounds that sounded like intelligible words..
commented 2015-08-31 17:12:32 -0400
Mulcair also promised to fund hundreds of more beds for woman shelters, where in the hell is all this money coming from. I hope every Liberal, NDP, or any one else who thinks left really think about this if they have kids. Do you want your children or children’s children saddled with huge debts? Of course not. Look at Greece now, they just shut down Air Greece because they cannot afford to run it. Would you operate your own home like that?
commented 2015-08-31 17:01:01 -0400
Agreed Dwayne. The people who voted for ones like Tommy Douglas and Allan Blakeney back many years ago tended to be people who worked for a living. The ones who like Trudeau, Mulcair, and Wynne nowadays vote for a living.