February 23, 2016

Brian Lilley reports: Trudeau's plans for Canada's economy spell disaster

Brian LilleyRebel Co-Founder
 

Elections are about choices and I think foolishly that last October, 39 percent of the Canadian electorate voted for Justin Trudeau and his Liberals to lead the country.

We’ve already seen the Liberals raise taxes on the wealthiest Canadians.

Now while the people at the top make the most money, they also already pay the most in taxes. The Liberals promised they would cut taxes for the middle class but raise taxes on the wealthy, and that the moves would be revenue neutral. Now the claim is they will have a $1 billion shortfall.

Small businesses could see a tax hike, too.

(Or at least, the wrong kind of small business, in Trudeau's eyes...)

Then there is the Liberal promise to crack down on stock options.This is something that makes the Liberals sound like they are standing up for the little guy against the robber barons.

The truth is they will be hurting start up companies, where stock options are used to reward top talent when start up companies cannot pay them a full salary.

Then finally there is the promised carbon tax.  

I don’t believe Canada is in deficit now, or at least we were not when Trudeau took the reigns of power, but we will be soon when Trudeau’s spending kicks in and we will stay in deficit for a long time when his economy killing taxes take hold ruing the prospect of any kind of recovery.

NEXT: Aaron Wudrick of the Canadian Taxpayers Federation warns that the situation is only going to get worse.

THEN: The full cost of Trudeau's refugee rush: Why we may never actually know what that number is. 

FINALLY: Your messages to me, about how I'm doing as Ezra's temporary replacement, and more.

Comments
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commented 2016-02-26 19:59:18 -0500
Trudeau is an asshole from the word go. In it for himself and the power he gets out of being Prime minister. Canadians have voted for a real con artist.
How does it feel all you liberal voters.
commented 2016-02-25 01:37:55 -0500
Also the liberal Ron forgets the phony surplus Martin made by stealing form pensions and EI and transfers like the thief he was. And of course he ducked taxes like a pro.
commented 2016-02-25 01:36:12 -0500
We must also add in the fact that PET had these huge debts while raping Alberta for over 100 billion. And Ontario accumulated more debt during Harpers term than the feds did LMAO! Well done liberals.
commented 2016-02-25 01:34:53 -0500
Nathan W sorry if the truth hurts.
commented 2016-02-24 20:09:43 -0500
@ Ron Christensen commented 9 hours ago
Bravo Zulu

It is my personal opinion he is quite unstable and has a real one way street hatred about anything Conservative.

That is exactly what goes on in here except it is the reverse.
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Not quite true – I am more than prepared to have a discussion on most topics.

I am not prepared to be so rabid as to not at least have a method of presenting my argument to you.

And I certainly will not flag you to be banned

I honestly believe that most here are the same as me in that regard.

Cheers
commented 2016-02-24 19:47:48 -0500
“The truth is they will be hurting start up companies, where stock options are used to reward top talent when start up companies cannot pay them a full salary.”

They propose to retain 50,000 tax free. TAX FREE! That’s a pretty good deal for startups. Meanwhile, for the rest of us every penny is taxable income.

Rick Plesnik – “Islam owns us now. The vast majority of the population just don’t realize it yet!”

You clear thinking and reality based view of the world is inspiring. That we could all aspire to such deep knowledge.

Philip Tessier – “Having seen the destruction, ballooning taxes and run away inflation in the days of”

No one is proposing any sort of massive tax hikes, and there’s not a credible economist on the planet who is predicting high inflation any time remotely soon.

William Collins – On PET debt. Hope you still enjoy driving on those bridges and your children attending those schools, which have not yet fallen down but which we will some day need to build again.

Rebelation – “Oh this Gov is more open and good to see them talking to the premiers”

Indeed, this is a much better state of affairs.

Ron Christensen – “Would the Lieberal Ron Christensen please quit spewing”

I thought you guys were safeguarding the free speech of the nation. What’s with trying to suppress it?

Evelyn Cooper – "Their Liberal brand of Al Taqiya is almost commendable. "

Yes, they are all closet Muslims. And that’s why we need The Rebel to bring us the unadulterated truth. And by unadulterated, I mean adulterated.
commented 2016-02-24 18:37:16 -0500
Lad Reme said" “Trudeau will spend this Country into Bankruptcy, he will then borrow from the rich Arab States and at this time, Islam will own us.” Islam owns us now. The vast majority of the population just don’t realize it yet!
commented 2016-02-24 18:26:02 -0500
Anyone think Trudope will tax himself like the “rich”? Thought not. What will happen is all the middle class shrubs which the Liebranos do not consider as “real Canadians” will find themselves reclassified as “rich”! What follows is an orgy of spending, high taxes, scandals, corruption, and outright theft of tax dollars. The Liebranos are back!
commented 2016-02-24 16:47:10 -0500
Having seen the destruction, ballooning taxes and run away inflation in the days of PET I shudder at the prospects of our future. People on fixed incomes will be absolutely destroyed.
commented 2016-02-24 15:08:49 -0500
Andrew Coyne calculates that: ”on net federal debt in fiscal 1968…was about $18 billion, or 26 percent of gross domestic product; by [Trudeau’s] final year in office, it had ballooned to $206 billion ”” at 46 percent of GDP, nearly twice as large relative to the economy…In 1984-85, total spending exceeded revenues by more than 50 percent. The deficit that year, at $38.5 billion, was nearly equal to 9 percent of GDP…Every dollar of the $300 billion added to the debt during the Tory years was interest on the debt the Liberals had left behind.”�
Now we have proof that Junior wants to make Daddy proud by raising that ratio. If senior can increase the debt to GDP ratio by a mere 56%, “Anything you can do better, I can do anything better than you” For the 39% of morons who voted for your own kind, I hope you are not invested in stocks or bonds because your wealth is about to be wiped out or sent to your saint.
commented 2016-02-24 14:37:25 -0500
Trudeau will spend this Country into Bankruptcy, he will then borrow from the rich Arab States and at this time, Islam will own us.
commented 2016-02-24 13:53:12 -0500
Virginia (do you get Virgin for short? lol)

Agreed. You’ve isolated the problem, now what’s the solution? Here’s mine; A Free Press is one of the Pillars of Democracy, and as such, they have a Fiduciary Duty (Duty of Care). Since democracy requires the participation of all it’s citizens, Cdn’s have a NEED and a RIGHT to the truth in order to make informed decisions. They can’t simply “leave out half the facts”, (lie by omission). To do so is a Breach of Trust – a chargeable offense. Maybe you have a better one?
commented 2016-02-24 13:41:59 -0500
And share TheRebel in the comments section of other media too.

What’s shocking is when you watch other news, and they ask members of the public how this Gov is doing so far, they basically just repeat the talking points still hanging around from the election. “Oh this Gov is more open and good to see them talking to the premiers” or some similar stmt. Ignorance is the enemy of democracy!
commented 2016-02-24 13:07:12 -0500
I read a book many years ago printed in 1895 (not a misprint) setting out the pros and cons of various forms of governments. Under “Democracy”. it stated that it eventually fails “because the masses are stupid”. Trudeau Sr. was elected because the stupid broads thought he was so good looking (they needed glasses) and those same broads voted for Junior for the same reason. Few vote for intelligence. In 4 years we will have another type of government (perhaps a dictatorship as both papa and son believe in dictatorship) and then sit back and watch those supporting the Liberals cry in their beer.
commented 2016-02-24 13:05:16 -0500
Ron Christensen, Sit back and watch the “masters” grow the economy. Do you mean Justin"the budget will balance itself", McKenna ,Freeland. Justin wanted to bring in 25000 “refugees” before 2016. Basic math skills should have told the admirer of Chinas Dictatorship that was not possible. But anything for a photo opt.
commented 2016-02-24 12:56:27 -0500
Serious Ron, quit with the crap ;)
commented 2016-02-24 12:55:46 -0500
Seriously? No wonder I’ve been so confused about you Ron. I will identify your evil ‘brother’ as Ronnie. Do you have a middle initial or something Ron?
commented 2016-02-24 12:08:15 -0500
Would the Lieberal Ron Christensen please quit spewing verbal diarrhea because your trashing a good name ! Your comments belong on a CBC government sponsored site , maybe someone will agree with your comments there and its paid for by the taxpayers or you can change your screen name to Moron C !
commented 2016-02-24 11:30:12 -0500
Do I sense some panic amongst our Liberal contributors to Comments? Their Liberal brand of Al Taqiya is almost commendable. Keep trying. The rest of us really do empathize with you.
commented 2016-02-24 11:29:22 -0500
“Justin” Reminds me of wise words I once heard in West Virginia. “The boy hasn’t seen the football since the kickoff.”
commented 2016-02-24 11:13:18 -0500
Danniel Oosterman… Great argument to the Ron Christensen posts. It is a challenge to apply logic to the Left who have the simple belief “BUDGETS BALANCE THEMSELVES”.
commented 2016-02-24 11:00:59 -0500
Ronnie, How do you explain the left wing pundits speaking along the same lines as Frum? Sorry, they too must be hacks because they do not mirror your thoughts.
http://www.theglobeandmail.com/opinion/justin-trudeau-cant-afford-to-ignore-canadas-economic-challenges/article27965278/
http://www.thestar.com/news/canada/2016/02/20/trudeau-government-starting-to-live-dangerously-hbert.html
http://news.nationalpost.com/news/canada/canadian-politics/the-big-shortfall-preparing-the-budget-promises-to-be-a-mammoth-financial-headache-for-liberals
http://www.cbc.ca/radio/thehouse/will-sunny-ways-last-longer-than-your-average-new-year-s-resolution-1.3394208/in-house-panel-seismic-shifts-in-economy-problematic-for-rookie-finance-minister-1.3394218

http://policyoptions.irpp.org/issues/the-best-pms-in-the-past-50-years/six-stewards-of-canadas-economy-history-by-the-numbers-favours-mulroney-and-chretien-while-trudeau-leaves-a-legacy-of-deficits-and-debt/

The Trudeau government decided to go even further, trying to shape Canada’s economic development along politically more acceptable lines. Trudeau thus presided over a government often eager to expand the role of the state. Some seven departments, 14 ministries of state, and 114 new agencies, boards, and commissions were created during the Trudeau years to advance regional development, science and technology, urban affairs, the environment, inter- national development, and more. Throughout government, officials learned the rewards of policy and pro- gram activism.

GDP growth fell from 7.7 percent in 1973, to 4.4 percent the following year, to 2.6 percent in 1975 and stayed in that range for the rest of the decade, only marginally above population growth. Unemployment steadily climbed from 5.3 percent in 1974 to 6.9 percent in 1975 and reached 11 percent in 1982, while inflation averaged over 10 percent from 1974 through 1982. Some of the inflation was the result of international forces; more was due to purely domestic factors, although other countries were experiencing similar problems as a result of similar policy choices.

The profligacy of the 1970s also sent budgetary deficits spiralling out of control. Between 1968 and 1985, the federal government doubled its spending, in real dollars, on each citizen, reaching some $4,750 in current dollars in 1985. Concurrently, per capita tax revenues steadily declined, ensuring a growing deficit crunch. Andrew Coyne calculates that: ”on net federal debt in fiscal 1968…was about $18 billion, or 26 percent of gross domestic product; by [Trudeau’s] final year in office, it had ballooned to $206 billion ”” at 46 percent of GDP, nearly twice as large relative to the economy…In 1984-85, total spending exceeded revenues by more than 50 percent. The deficit that year, at $38.5 billion, was nearly equal to 9 percent of GDP…Every dollar of the $300 billion added to the debt during the Tory years was interest on the debt the Liberals had left behind.”�

http://boereport.com/2015/10/06/remember-when-albertas-economy-and-trudeau-the-elder/
commented 2016-02-24 10:45:18 -0500
Ron – per my inflation comment; this is sources from Finance Canada, StatsCan, Bank of Canada and IMF data. Inflationary adjustments up to 2011.

According to these sources Harper’s debt is $142.0 billion over 5 years and was created during the worst economic down turns since 1929; this means out to $28.4 billion each year for Harper

Accounting for inflation the Harper deficit in 2011 dollars was $155.68 billion over 5 years

If we look at the Chrétien Liberals, the debt created was $113.8 billion over 4 years (1994 to 1997 and these deficits were not created during the worst economic down turn since 1929. – Avg $28.5 each year for Chrétien. Hmm..let’s recap: Harper-$28.4B; Chretien – $28.5B

Accounting for inflation the Chrétien debt in 2011 dollars was $165.96 billion over 4 years or $10.28 billion LESS than the Harper Government.

Regarding your vaunted Trudeau Sr. who ran one surplus of $100 million in 1970 and had 14 deficits (yes 14 deficits, you read that right) totaling $138.7 billion through 1967 to 1979 and 1981 to 1984.

In 2011 dollars was $359.34 billion over 15 years or approximately $204B MORE than the Harper Government. And once again, please note that Trudeau Sr. led the country during a time of North American economic prosperity though PET did his damn best to try and ensure Canada did maximize the benefits.

Have a great day!
commented 2016-02-24 10:42:15 -0500
Danniel Oosterman: And who is going to pay for Harper’s debt—the imaginary man in the sky?
commented 2016-02-24 10:40:37 -0500
DANNIEL OOSTERMAN commented 4 mins ago
Ron – an editorial from a self-described liberal journalist and left wing activist/social justice warrior do not facts make.

Tell that to Hyacinth about David Frum
commented 2016-02-24 10:39:05 -0500
Bravo Zulu

It is my personal opinion he is quite unstable and has a real one way street hatred about anything Conservative.

That is exactly what goes on in here except it is the reverse.
commented 2016-02-24 10:35:20 -0500
Ron – an editorial from a self-described liberal journalist and left wing activist/social justice warrior do not facts make. The PBO’s numbers do not lie—over $3B surplus by the end of 2015, which our own PM lies as non-existent. Those are numbers from a non-partisan source—not some made up SJW waxings from a hack of a reporter. But obviously we see where you get your information—from whence there is no real information at all.

As for your defense of the Charter—that flawed document that relegates possible legislation to the courts to any activist group with funds to bring a case forward, be those funds from foreign or domestic benefactors—we’ll have to disagree. Trudeau’s Sr’s. debt is what I pay for now, and Trudeau Jr’s debt-laden, state-heavy government will be what my grandchildren pay for.

And only Liberals have the hubris to make claims of “natural governing parties” — a clearly un-Canadian sentiment for those of us who respect elections. But your language is rife with hubris; highfalutin, low information, and unable to do simple math like accounting for inflation by comparison, nor even recalling recent history such as the greatest economic downturn since the Great Depression, where a minority Conservative government had to pass a budget laden with Liberal and NDP bailouts in order to maintain confidence in the house.
commented 2016-02-24 10:35:19 -0500
Ron – an editorial from a self-described liberal journalist and left wing activist/social justice warrior do not facts make. The PBO’s numbers do not lie—over $3B surplus by the end of 2015, which our own PM lies as non-existent. Those are numbers from a non-partisan source—not some made up SJW waxings from a hack of a reporter. But obviously we see where you get your information—from whence there is no real information at all.

As for your defense of the Charter—that flawed document that relegates possible legislation to the courts to any activist group with funds to bring a case forward, be those funds from foreign or domestic benefactors—we’ll have to disagree. Trudeau’s Sr’s. debt is what I pay for now, and Trudeau Jr’s debt-laden, state-heavy government will be what my grandchildren pay for.

And only Liberals have the hubris to make claims of “natural governing parties” — a clearly un-Canadian sentiment for those of us who respect elections. But your language is rife with hubris; highfalutin, low information, and unable to do simple math like accounting for inflation by comparison, nor even recalling recent history such as the greatest economic downturn since the Great Depression, where a minority Conservative government had to pass a budget laden with Liberal and NDP bailouts in order to maintain confidence in the house.
commented 2016-02-24 10:29:45 -0500
Sounds like this was written by the cbc or some other liberal taker.
commented 2016-02-24 10:23:56 -0500
@ Ron Christensen commented 9 mins ago
Read ths great article about the unabashed truth.

http://ipolitics.ca/2015/12/03/do-the-conservatives-understand-yet-why-they-lost/
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I have been banned from that lefty site iPolitics ever since I wrote these words.

“Trudeau and his father are the worst things that have ever happened to Canada – in fact the father was a communist and a draft dodger – and his son is worse. His other son makes money producing propaganda films for iran. I consider them all to be traitors.”

So those words were considered heresy and I now no longer can post there.

Which is fine – it is a self love community there anyways.

I have been banned from the cbc for saying even less.

Almost anything written by Michael Harris is trash and dissenting comments are often deleted from that commentary thread.

We actually had lunch in the Ottawa Market about 5-6 years ago – and he was even then probably close to losing his job at CFRA, which to this day he believes is the fault of the Conservative government.

He now has an unabashed hatred for anything Conservative.

It is truly a rabid hatred – I have not seen anything positive about the Conservatives come out of his mouth since he was fired.

It is my personal opinion he is quite unstable and has a real one way street hatred about anything Conservative.