Budget day

[chuckChuck]

[QUOTE=shtferbrains;n825955]What did you think or your man Carney's budget?

Do you pay your credit card payments by putting it on another card and leaving it for your kids to pay?

$70 billion in interest payments till inflation kicks in from printing too much money?
What happens if interest goes to 8%?

Canada's rankings as a G7 country when looking at debt and deficits as a percentage of GDP are okay!

The US has a much higher debt as a percentage of GDP.

But you still think Trump is dosing a good job? LOL

"Canada has a strong ranking in G7 debt-to-GDP, particularly when considering net debt (lowest in the G7), but falls to 5th highest in the G7 for gross debt . This difference is largely due to Canada's large public pension plan assets, which reduce its net debt calculation but are not counted in its gross debt. For deficits, Canada's ratio is also among the smallest in the G7, though its ranking can be debated depending on the source.

Deficit-to-GDP ranking

• Ranking: One of the smallest deficits in the G7.

[shtferbrains]

What happens if interest rates go to 8% because Trump and Carney are printing too much money?

[furrowtickler]

Perspective..

[chuckChuck]

Furrow try to tell the whole story? You guys sure have very short and selective memories!

Harper didn't have to manage Covid or Donny Trump's insane trade policies!

And there was a massive oil boom that bust in 2014 that drove inflation and our loony very high and cost Canada a lot of manufacturing jobs just before Trudeau took over.

Not to mention Trump has a much worse debt and deficit problem as a percentage of GDP. But you still think he's doing a good job? LOL

Look at the facts!

"Canada's rankings as a G7 country when looking at debt and deficits as a percentage of GDP are okay!

The US has a much higher debt as a percentage of GDP.

But you still think Trump is dosing a good job? LOL

"Canada has a strong ranking in G7 debt-to-GDP, particularly when considering net debt (lowest in the G7), but falls to 5th highest in the G7 for gross debt . This difference is largely due to Canada's large public pension plan assets, which reduce its net debt calculation but are not counted in its gross debt. For deficits, Canada's ratio is also among the smallest in the G7, though its ranking can be debated depending on the source.?"

Deficit-to-GDP ranking

• Ranking: One of the smallest deficits in the G7.

[foragefarmer]

Perspective..

I"m not defending Carney's new budget deficit in any way, nor Trudeau's extremely massive screw ups, but don't cut and paste B.S. telling only a fraction of the Harper years as P.M. just to fool all the Sheepies on here.



"The Harper government delivered a deficit of $5.8 billion in 2008-09 during the global recession.


In subsequent years, his Conservative governments generated shortfalls of $55.6 billion in 2009-10; $33.4 billion in 2010-11; $26.3 billion in 2011-12; $18.4 billion for 2012-13; and $5.2 billion for 2013-14.

To summarize, Harper-led governments ran a string of six straight deficits between 2008-09 and 2013-14."

[furrowtickler]

And yet all through that financial instability pulled Canada to a surplus by the end of his term .
since then Canadians have been swallowed by continuous never ending debt , only getting worse now with Carnage.
on a side note , Trudeau’s disastrous policies we held up by the NDP , in case anyone forgot

[TSIPP]

Carnage isn’t done yet, it won’t be 80 billion, times that by 4 and it’ll be close.

[chuckChuck]

So how do you Trump ass kissers rationalize Trump's massive debt and deficits which are far worse than Canada's? LOL

Plus taxing his consumers and businesses with punishing import tariffs?

I can't wait to hear your glowing reports on how Trump is doing a better job than Carney on debt,deficits and tariffs!



Carney produced by some accounts, a progressive conservative Harper type budget. He cut taxes months ago.

And he is planning to speed up permits and planning large investments in the military, infrastructure and quickly green lighting more energy and mining projects.

But you still think he is doing a bad job?

Carney is 20% ahead in the polls as Prime Minister over PP who has had the worst 2 weeks since badly losing his Ottawa riding!

The CPC caucus is going to have use the reform Act to get rid of him because the dud hasn't learned anything and keeps making the same stupid mistakes.

[fjlip]

"So how do you libtarded carnage ass kissers rationalize HIS massive debt and deficits?"

back at you

[chuckChuck]

Still the best finances in the G7 and far better than Trumps!