Trudeau's Liberals promised to run deficits to finance "infrastructure."
But Finance Minister Bill Morneau is going one step further:
He's blaming his government's deficit on... Harper.
In his Fiscal Update on Friday, Morneau announced a $3 billion deficit for the coming year, but that figure doesn't line up with the Parliamentary Budget Office numbers, which says we have a surplus.
As I warned you all through the election, the Liberals are already taking their inspiration from Dalton McGuinty's playbook.
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First, deficit and debt are two different things. The debt increased because Harper was forced by the opposition party with a coalition threatening to over throw the government of he did not run an economic stimulus, which in turn forced Harper to bring the deficit back into order, which he did and assholes like you deny after the fact.”
I am talking about 2015. This year. The debt has continued to increase through this year. The “coalition” was a number of years ago. No longer an excuse. Increasing debt infers deficit, even if they claim otherwise. It’s hilarious that you’ve gone and picked that gem out, means you’ve run out of talking points and are tossing random old ones and hoping one sticks. Do you acknowledge the recession this year? Or is that solid and proven economic data a “lie” too, because you don’t like facts that disagree with your worldview?
“Robert Caughell said, “He then took 2-3 BILLION dollars out of the contingency fund to balance his last budget before the election was called. Before declaring any surplus, the 2-3 BILLION must be returned to the contingency fund.”
A lie."
Your denial does not make it incorrect. Contingencies were indeed raided.
You really do have difficulty with accounting, don’t you.
First, deficit and debt are two different things. The debt increased because Harper was forced by the opposition party with a coalition threatening to over throw the government of he did not run an economic stimulus, which in turn forced Harper to bring the deficit back into order, which he did and assholes like you deny after the fact.
I get so effing sick of lefties trying to rewrite history to fit their twisted narrative.
Of course it makes sense. By claiming that there was a deficit before he [Trudeau] took office, then he can and will blame Harper for all the deficit spending he will do. It is all the filthy type of political games the Lieberals are known to do. No morals, no ethics … just like those that support them.
He most certainly was, and what you just spouted in your little rant was mostly lies and half truths, but Robert Caughill, don’t let the facts and truth get in the way of Lieberal socialist/borderline communist ideology.
A lie.
Yes, he held top his campaign promise to reduce the GST. The concept of keeping campaign promises is something the Liberals cannot grasp.
1) It was 13 billion, not 15 billion.
2) Paul Martin stole that money from E.I. and from the Provinces, so it was not a real surplus. That would be like you, Robert, spending your chequing account into overdraft, then withdrawing from your savings account and depositing it into your chequing account to make pull it back into the black and then claiming you have a surplus. That is called “accounting Liberano style”.
3) Harper spent the surplus on the national debt. That is a fact that you can easily look up, if you really wanted to, but I doubt you want to know the truth, though.
This calculation method – if revenue minus expenses is negative, you have a deficit, (ie, that the national debt is still increasing) is one shared by both the Parliamentary Budget Officer, and third parties such as the Taxpayers Federation.
This makes no sense. Trudeau WON an election on a deficit platform, why would he need to “cook the books” to suit the agenda? It was in his platform. There is literally no reason why he would need to do that. In fact, he’s made his life more difficult by announcing this since it dramatically reduces his wiggle room. He promised controlled deficits AND infrastructure spending. Not either/or.
On the other hand, Harper had any number of reasons to “cook” the books in his favour. His whole platform was based on running a surplus and/or good economic management, so if there was any way to spin a surplus, he would have. And, this is what we see. For one thing, the national debt continued to increase by a billion dollars a month despite the “surplus”, indicating the illusory nature of it. The PBO acknowledged his forecasts were optimistic, based on numbers that weren’t at all realistic at the time, and finally, balancing the net budget was done by selling assets, akin to burning the furniture for heat.
So, yes, Harper left the books red and lied about it, and had huge political incentive to do so. Trudeau has no such incentives. His political wranglings lie elsewhere.
Yes, a bastardized form of fractal math merged in an unholy union with quantum math.
Ahhhh, the liberal mind, lie all you want so long as it suits your agenda. The end justifies the means in the leftie world.
Your accusations of lies are meaningless without evidence to back them up. I’m not a conservative, I’m not going to take unsubstantiated claims at face value.
The PBO was warning of the excessive optimism in the so-called “balanced budget” as early as May. These budgets are forward looking, and the surplus was never more than a forecast, one which wouldn’t have final verification until possibly 2017 or so, since that’s the timeline government budgeting runs on. Obviously the oil rout and economy have turned out deeper than anybody expected, that reduced revenues, and surprise, deficit. No different than the surprise recession in the first half of 2015 that actually surprised nobody with any sort of economic awareness, and related to it.
No, Andrew, they were not overly optimistic. There was a real surplus when the Liberals took over. You really do have to stop lying. It would make your comments more credible.
25,000 x $40,000 = $1,000,000,000
Food, clothing, housing, healthcare, phamacare, eye care and dental care will cost $40,000 per year minimum plus they will probably get hundreds of dollars cash on top every month. This doesn’t include administration or the costs in vetting and transportation.
It is easy for Justin Time to spend the surplus into a deficit by Christmas.