January 06, 2017

Trudeau to run deficits until 2055: Canada’s fiscal sustainability at risk

Brian LilleyArchive

Remember that promise Justin Trudeau made about running three small deficits? We called it a lie when he said it but, how big a lie are we talking?

Well a new report from the officials inside the finance department says the Feds will be running deficits until 2055.

Watch as I lay out the details of Jr. Trudeau's bad spending plan that will empty your pockets for decades to come.

Comments
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commented 2017-01-12 23:50:40 -0500
It’s Time For Brad Wall To Build A Wall.
commented 2017-01-08 16:48:42 -0500
RICK PLESNIK says
“the west really needs to separate”
-——————-
Speaking only for myself but I say “the west really needs to separate”
commented 2017-01-08 13:54:20 -0500
Fact: Liebranos will say anything to gain power! Eastern voters will swoon when the grubby little Castro praising marxist flashes his tits at them and support him!

The west really needs to separate!
commented 2017-01-08 13:27:37 -0500
Drew Wakariuk—-If your parents benefited from Pension splitting, then they didn’t need help. This program was for Married Seniors with 1 or more PRIVATE pensions ( not counting CPP or old age security.) Think of it, poor people don’t have private pensions; 70% of Canadians don’t have private pensions. Four people I know used pension splitting and save $6000. a year, every year on their taxes. One couple fixed up their swimming pool and another bought an electric golf cart with their savings from Harper.
These are not my numbers; they are Jim Flaherty’s and Professor Ian Lees.
commented 2017-01-07 15:34:43 -0500
John you are definitely an entertaining troll. Thank you for the laughs.
commented 2017-01-07 13:59:35 -0500
Also, Drew what part of the CAP videos is false? Answer me that because suggesting something is false without being factual and bringing up questions suggests you never even watched any of the videos I posted. The fact is austerity does not work and it increased the UK’s debt from 2010 to 2017 and doubled during that time. It never worked under Harper. Also, the Syria situation got worse because of the Western forces in Libya and causing problems in the Middle East. Jeremy Arney, CAP leader, proved that Western instability caused the migrants to come over. The party is 100% right about wars, imperialism, debts being artificially created, and the Bank of Canada being ignored and not being used by the Canadian government, and why debts increased massively after 1974 by Liberals, PCs, and Conservatives when in government.
commented 2017-01-07 13:52:47 -0500
And capitalism is a mixture of many systems that is why it is between socialism and fascism based on ideologies and economic systems. That proves that free markets in its most extreme examples is basically economic fascism and giving corporations all the power.

Why else in the dying parts of capitalism does it turn fascistic and more warlike and why are wars more plenty now?! It seems obvious.
commented 2017-01-07 13:50:26 -0500
Libertarianism as viewed by most people on here is a right wing ideology, even though there is left-libertarianism, centrist libertarianism, libertarian socialism, and anarcho-communism. The fact is many on here are completely constricted by their views to only view left wing and centrists as left wing even though left wing comprises many different views such as nationalists on the left, communists, socialists, libertarians and even the Christian left. Also, many of those views are done in different parties.

Also, professors do not indoctrinate because my economics professor taught everything in a way not to make us believe in left wing or right wing thought but factually to let us make up our minds. You want schooling to be an indoctrination camp for right wingers, Hyacinth.
commented 2017-01-07 13:46:30 -0500
As for Trump, it is clear that he promised to fix many things but representing a mainstream party is like representing a corporation. They have no willingness to change the society they reside in that much, and Trump is going to raise debts because of interest, and even experts did suggest Trump would double it in the 4 to 8 period because Obama did, and Bush Jr. did before him. It is simple mathematics, and how our banking systems work and we live in nations that are debtor. It is no secret. People like you on here only will believe what conservative parties tell you much like liberal supporters. Being anti-liberal, anti-conservative and anti-mainstream does not make one communist because many ideologies comprise the spectra in Canada, as well as the rest of the world. Social Credit is very much real on the left and right, and many called old public banking advocates as loons as conspiracy types, but what is more conspiratorial than thinking all media is left wing when left wing to the right can mean a whole host of things. Remember Global would be defined as centre-right based on their coverage, and in the end all media including Rebel supports the mainstream system and the political mainstream parties and the political class. Therefore, you are very vague Drew because you don’t delve into a subject or even seek it out and therefore are uneducated and unwilling to learn and therefore are closed-minded.
commented 2017-01-07 12:31:27 -0500
Ha, John unwittingly pointed out something interesting via his defense – “Even our economics teacher suggested in 2015 that capitalism is a mixture of socialism, libertarianism, nationalism and many systems combined, so that should clear up any misconceptions.” Proving yet again that the Left are busy in the universities and colleges rewriting actual history, apparently when they don’t know actual facts they make it up as they go along LOL. Trace it back to its real “roots” – approx the13th – 16th century and go from there. But hey very nice obfuscation.
commented 2017-01-07 11:51:54 -0500
Well I am not nowadays tied to any ideology because times are such that we need Social Credit first and foremost meaning public money creation to fund projects in municipalities, provinces and federally to bring down debts instead of framing the debate between tax cuts and taxes, and we need to instead make everything about the structure to fix capitalism and make it more humane and social. Even our economics teacher suggested in 2015 that capitalism is a mixture of socialism, libertarianism, nationalism and many systems combined, so that should clear up any misconceptions.
commented 2017-01-07 10:57:04 -0500
Wasn’t it JOHN S. who insisted he was a “red” tory. That should clear up any misconceptions as to why he is delusional. CINO
commented 2017-01-07 04:05:52 -0500
Gonna be funny hearing JOhn S deny the gains the US makes under Trump.
commented 2017-01-07 03:57:57 -0500
John S those CAP videos are utter fantasy. History has shown us what works.
commented 2017-01-07 03:56:36 -0500
Ron Joseph it helped my retired parents, why the hell is that a bad thing? Your numbers are hogwash as well.
commented 2017-01-07 03:55:41 -0500
John S yeah sure if you say so.
commented 2017-01-07 03:42:51 -0500
“it cost 2.5-4.5 Billion, and It went to people like Trudeau and Harper whose wifes stayed at home. "

“Billions” lol still claiming that Joseph? The credit was capped at $2,000 annually Joseph, you bought into the Liberal propaganda at the election time. Care to explain how that would equate to billions? But hey you want to keep bashing Harper go for if it makes you feel better, it doesn’t matter as he is retired from the limelight.

“You’ll recall that in the run up to the recent federal election, the Liberals promised to “cancel income splitting and other tax breaks and benefits for the wealthy.” Citing a cost to the federal government of $2 billion, the Liberal platform stated that “income splitting delivers no benefits to working parents who earn similar salaries, no benefits to single parents and no benefits to Canadians who do not have kids.”
As a reminder, the Family Tax Cut credit provided a version of income splitting that allowed an individual to notionally transfer up to $50,000 of income to his or her lower-income spouse or partner, provided they have a child who was under 18 at the end of the year. The credit was capped at $2,000 annually.”
http://business.financialpost.com/personal-finance/taxes/how-you-can-keep-splitting-your-income-even-after-the-liberals-axe-the-family-tax-cut
commented 2017-01-07 01:46:30 -0500
Lone Stubblejumper You said exactly what I was thinking. People just believe anything they hear on the news if it’s from the familiar faces like the lying Mansbridge piece of crap that almost salivitated over Justin. They were so happy to drive around with him showing him up like he were a super-model. Well now we know that he’s just a 3 dressed up as a 9. Yes I agree. He’s a major retard. I don’t know why anyone voted for him after hearing his non-senscical ramblings about space and time and budgets balancing themselves. Were people all high and thought he’d make their past time legal? Maybe Canadians are that stupid.

“Who voted for this retard? A part time high-school drama teacher with nice hair who takes selfies and so obviously doesn’t have a clue about economics ? The MSM went out of their way to vilify Stephen Harper and promote this mindless twerp as an alternative. All we heard was “Stop Harper” and “Canadians want change”. The MSM is culpable in this as much as the Liberals for deceiving gullible voters. Now we’re all going to pay the price for this Olympian act of stupidity.”
commented 2017-01-06 22:52:03 -0500
Bill Elder—My Liberal friends think that the Supreme Court is the next thing to God Himself. I explain that they are just a pack of unelected Lawyers . It seems so strange that the elected PM of a Country plus 300 elected Parliamentarians cannot change a law or policy of a Democracy while the unelected Lawyers can. The S C lands claim of the Tsilhqot’in giving them 1700 sq kilometers of new land title, threw almost 7 million BC citizens under the bus.
commented 2017-01-06 22:32:26 -0500
Bill Elder—Thanks for explaining! I only read a bill and try to accurately repeat it; but never would I go into the small print, nor would I want to.
commented 2017-01-06 21:16:34 -0500
Hyacinth, Dirk Kanis Can Mongrel===Remember the greatest Finance Minister Jim Flaherty, he hated income splitting. The great Professor Ian Lee hated it. Can Mongrel, it cost 2.5-4.5 Billion, and It went to people like Trudeau and Harper whose wifes stayed at home. Why should taxpayers making 30-60 thousand a year subsidize people making 200 thou. a year like Trudeau?

https://soundcloud.com/thecharlesadlershow/economist-ian-lee-on-saving
commented 2017-01-06 21:03:09 -0500
It’s no wonder the trustees of the Trudeau foundation won’t hand over control to Justin. Who are the foolish voters who can’t be bothered to investigate political history. Drastic, the change since the last elections in this country
commented 2017-01-06 20:29:41 -0500
Trudeau doesn’t give a damn about a deficit. He’s too busy vacationing with the Aga Khan and the elites. He has no clue of life outside his bubble world. I can’t wait for the day it bursts.
commented 2017-01-06 20:27:56 -0500
If anyone didn’t know anything about politics when they voted in the last election, maybe this will be their wakeup call to know why you’re voting. Too bad our votes are anonymous, because voters should be responsible for the $bill.

How can anyone remain friends with someone who voted for this man? They are as responsible as he is.
Anyone who voted Liberal should be sent to fill up that Guantanamo Bay Hotel Resort with the other terrorists who are destroying the world.
commented 2017-01-06 18:59:44 -0500
I don’t believe tax cuts alone create prosperity, but I feel that the structures in the West are at fault.
commented 2017-01-06 18:51:39 -0500
You probably didn’t even see the Canadian Action party videos showing Western failures of austerity, deficit governments, and how free markets don’t work, but rather civic nationalism being the only solution. Watch Jeremy Arney and the Canadian Action party below!
commented 2017-01-06 18:50:28 -0500
Meds without proof, and the fact you cannot even debate on the issues because the whole US has shown they are sold out to corporations and do not serve the American people. It is a corporatist government of the left and right, and they are all warmongers and Trump is basically just another neoliberal like Reagan that began the slide downward. Learn to debate instead of attacking which just shows you are losing and simply lashing out!
commented 2017-01-06 18:47:46 -0500
John S.

As posted in a subsequent article, check your self meds. However, when you go back and see your inconsistencies, when lucid, I am sure you will laugh as much as I did.
commented 2017-01-06 17:29:46 -0500
Therefore, Leviticus, Trump is still for neoliberalism and globalization because he supports market forces deciding where manufacturing goes, and supports a race to the bottom through corporate tax cuts. That did not work for Southern Ontario.

We need protectionism where government puts up the barriers to bringing back manufacturing and certain industries can be included. Also, government-instituted protectionism would immediately repair manufacturing and put people back to work. Trump’s will race wages and industries to the bottom. That helps no one. It means that wages will have to be that of the third world in order for manufacturing to return to the United States. Therefore, a protectionist like myself, a real type, knows where to spot fakers from a mile away.
commented 2017-01-06 17:23:46 -0500
It’s not scripture Leviticus. It is due to people easily being bought and paid for, and this falls under all three mainstream parties to give us the illusion of democracy, and why whenever I’ve been on forums not just on Rebel but other sites I have called for a true multi-party democracy where any party can win just by running and someone putting themselves out there to run and having a chance of winning. Not a hard concept to grasp.

The point is this is by design because all three mainstream parties believe in globalization, free trade, racing to the bottom, hollowing out our manufacturing, quickness or slowness in adding debts, and they all believe in economic liberalism which I have called economic globalization.

Economic nationalism can have trade, taxation, tariffs, fair trade and government assisting to create the barriers. It means government building up the industries and manufacturing by setting up the walls, and why I oppose Trump’s economic liberalism which is continuing neoliberalism.

So, yes, even Trump is still for globalization by wanting the wars, increasing ever still the US’s debt through interest, and not wanting public monetary creation.