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Liberals to spend $100B after posting record $381B deficit

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Nov 30, 2020 | 18:05 1 And there is your great reset, cash thrown right into a giant hole.

I have a hard short on Canada. I will bet against Trudeau all day long. Converted more CAD to USD today.

edit in; Not a dime for our primary industries, but childcare? Well who the F is going to afford to have kids after this is done?

Liberals to spend $100B to jolt post-pandemic economy after posting record $381B deficit

The short-term stimulus package is valued at $70 billion to $100 billion over roughly three years. The government says the stimulus spending — intended to build a greener, more inclusive, more innovative and competitive economy — will launch after a vaccine is distributed and life begins to return to normal.

In the meantime, the government plans to make investments that will serve as what it calls a down-payment on "transformative initiatives," such as Canada-wide early learning and child care, job training and green initiatives.
Last edited by jazz; Nov 30, 2020 at 18:13.
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  • Nov 30, 2020 | 18:12 2 The budget will balance itself, no worries Reply With Quote
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  • Blaithin's Avatar Nov 30, 2020 | 18:23 3
    (I’ve been waiting to use that pic all day. I knew Jazz couldn’t help himself when it came to posting about the budget!) Reply With Quote

  • fjlip's Avatar Nov 30, 2020 | 18:24 4 This bunch is totally brain dead! Canada is flushed down the sh*tter! They never took "math' in school?
    Who did we borrow these BILLIONS from? At what %? How in F*CK are we ever paying this back?
    All the questions NOT a single media hack would ask!

    And China is just laughing at all of us losers..."We still have 4,000 dead, right? But if 4,000 die versus 220,000 in the United States, we haven't really lost a single person, have we? We're close to zero infections and zero deaths. If 4,000 people out of 1.4 billion die, that's the same as no one getting sick and no one dying."

    http://https://www.theblaze.com/news...e%20Daily%20PM

    Still deny THEY planned the destruction of the rest of the planet?
    Last edited by fjlip; Nov 30, 2020 at 18:26.
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  • Nov 30, 2020 | 18:48 5 Did I read this right? Canadas debt growing by almost a billion a day? OMFG

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  • fjlip's Avatar Nov 30, 2020 | 18:59 6 $11,574 per second...thank a Lieberal for destroying your country/life/world. Reply With Quote

  • Nov 30, 2020 | 19:02 7 Provinces;

    BC - $73B
    AB - $77B
    SK - $12B
    MB - $26B
    ON - $363B
    QB - $191B
    MT - $44B

    Consumer; $800B
    Mortgages; $1.5T
    Corporate; $2.7T

    All the chickens in the world cant make this disaster go away. Reply With Quote
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  • Nov 30, 2020 | 19:05 8 Our finance minister's #1 qualification is she will bob her head to whatever pops into that economics wizard Justins head as they share a big fat doobie.
    Nothing to worry about.
    They have it all figured out.*** Reply With Quote
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  • Blaithin's Avatar Nov 30, 2020 | 19:06 9 I must admit, your doomsdaying is quite refreshing and stimulating. Very original! Reply With Quote
    Nov 30, 2020 | 19:08 10 Nothing to worry about.
    Be Happy! Reply With Quote
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  • Nov 30, 2020 | 19:08 11
    Quote Originally Posted by Blaithin View Post
    I must admit, your doomsdaying is quite refreshing and stimulating. Very original!
    You caught me on an up day.

    Now I am self medicating after Trudeaus announcement. Unbelievable. Reply With Quote
    Blaithin's Avatar Nov 30, 2020 | 19:13 12
    Quote Originally Posted by jazz View Post
    You caught me on an up day.

    Now I am self medicating after Trudeaus announcement. Unbelievable.
    I could save you the work.

    As soon as I heard about the deficit I knew you’d have to post about it and the sky falling. Really, your post is redundant because I’m sure everyone here knows exactly how you feel about it and could almost write your post for you.

    But if it’s a form of catharsis for you then carry on. Bottling things up never helped anyone!

    Maybe get some chickens. They’re also soothing and cathartic. Reply With Quote
    Nov 30, 2020 | 19:22 13
    Quote Originally Posted by Blaithin View Post
    I could save you the work.

    As soon as I heard about the deficit I knew you’d have to post about it and the sky falling. Really, your post is redundant because I’m sure everyone here knows exactly how you feel about it and could almost write your post for you.

    But if it’s a form of catharsis for you then carry on. Bottling things up never helped anyone!

    Maybe get some chickens. They’re also soothing and cathartic.
    Ignoring reality isnt helpful blaithin, we are in for a world of hurt here and it will touch all of us, even the unborn.

    Canada does not have the capacity to service this debt without all of our main industries cranking on all cylinders, period. Thats the reality. We are not Japan or Germany, nor are we the US.

    It took more than a decade to crawl out from under PET. Ask your parents about that one.

    I would love to put a happy spin on it, but there is no way to sugarcoat it. Reply With Quote

  • Blaithin's Avatar Nov 30, 2020 | 19:24 14 Who’s putting a happy spin on it?

    I’m just not reenacting chicken little.

    Some people are more prone to stress and panic than me. I know that. I have a pragmatic personality, but not generally a worrisome one.

    I can always eat my chickens. Reply With Quote
    Nov 30, 2020 | 19:28 15 Problem is majority of people have no idea what a $400 Billion deficit means....

    What does that work out to? 50% GST to balance the budget? Reply With Quote
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  • Nov 30, 2020 | 19:40 16 But... But.... The Multiplier will kick in ..... and the budget will balance itself. I just read that the doors will swing open to mass immigration and immigrants will enhance our skill set and bring their wealth to add to our budget. I believe it all cause its coming from “the press”. Reply With Quote
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  • Nov 30, 2020 | 19:44 17 Some apologist on CBC said they won't raise taxes as that might be "Bad Politics".
    Sunny ways! Reply With Quote
    Nov 30, 2020 | 19:57 18 Is that a double headed chicken?
    Seems symbolic of something, not sure what though. Reply With Quote
    Blaithin's Avatar Nov 30, 2020 | 20:01 19
    Quote Originally Posted by AlbertaFarmer5 View Post
    Is that a double headed chicken?
    Seems symbolic of something, not sure what though.
    No. Rooster and pullet.

    Delicacy breed. Black skin! Reply With Quote
    GDR
    Nov 30, 2020 | 21:14 20
    Quote Originally Posted by Blaithin View Post
    No. Rooster and pullet.

    Delicacy breed. Black skin!
    Does it make me a racist to think that sounds nasty, black chicken wings no thanks.

    For what it's worth I saw a 2 headed chicken too until I zoomed in. Perhaps we need better optometrist care here in AB. Reply With Quote
    Nov 30, 2020 | 21:23 21
    Quote Originally Posted by Blaithin View Post
    No. Rooster and pullet.

    Delicacy breed. Black skin!
    Can you use the B word on here? Jazz should cheer up its only $27/every man woman and child per billion considering we are about 1.4 trillion in debt thats only about $40 k each then add on the provincial alta$15 thousand. For a family of 4 only $200 plus thousand and counting,no sence worrying just ignore and be happy. Reply With Quote
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  • Blaithin's Avatar Nov 30, 2020 | 21:35 22
    Quote Originally Posted by GDR View Post
    Does it make me a racist to think that sounds nasty, black chicken wings no thanks.

    For what it's worth I saw a 2 headed chicken too until I zoomed in. Perhaps we need better optometrist care here in AB.
    You guys are just showing your age is all!

    The black is definitely different... we’ve been converted by the pale skinned commercial broilers 😆

    Makes them look lovely as Showgirls though! Reply With Quote
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  • Nov 30, 2020 | 21:44 23 https://g.co/kgs/CfmbP5

    Cabinet is probably partying tonight after getting that turd to float. Reply With Quote
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  • Nov 30, 2020 | 23:00 24
    Quote Originally Posted by jazz View Post
    Ignoring reality isnt helpful blaithin, we are in for a world of hurt here and it will touch all of us, even the unborn.

    Canada does not have the capacity to service this debt without all of our main industries cranking on all cylinders, period. Thats the reality. We are not Japan or Germany, nor are we the US.

    It took more than a decade to crawl out from under PET. Ask your parents about that one.

    I would love to put a happy spin on it, but there is no way to sugarcoat it.
    Jazz while some posters believe you are over-reacting, I don’t think you are. I am not sure what will be left of the restaurant industry, hotel industry and airline industry. They are all burning through cash and adding debt. Can only add so much debt before the business plan no longer works, that simple.

    Now if I remember correctly one part of the fall update is a $5000 handout to homeowners to make their homes more energy efficient. I have to ask how far will this go. What percentage of a serious Reno would this cover? Maybe 10%? How much will contractors inflate their prices knowing the government is subsidizing their work? I fully appreciate that this is beneficial to improve our housing but really won’t go that far. Might be farther ahead to find a way to incentivize home improvement with investment tax credits to make these investments attractive without inflating prices! Reply With Quote
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  • LEP
    Dec 1, 2020 | 00:26 25
    Quote Originally Posted by Blaithin View Post

    (I’ve been waiting to use that pic all day. I knew Jazz couldn’t help himself when it came to posting about the budget!)
    Sorry to hijack the thread, but man those chickens are so ugly even the coyotes won’t eat em. You must have an interesting barnyard Blaithin. Reply With Quote
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  • Dec 1, 2020 | 00:54 26
    Quote Originally Posted by Blaithin View Post
    I could save you the work.

    As soon as I heard about the deficit I knew you’d have to post about it and the sky falling. Really, your post is redundant because I’m sure everyone here knows exactly how you feel about it and could almost write your post for you.

    But if it’s a form of catharsis for you then carry on. Bottling things up never helped anyone!

    Maybe get some chickens. They’re also soothing and cathartic.
    You're doing nothing for your own credibility. Your inclusity isn't showing.

    And in a strange twist, your chicken pics typify the value of leftist contributions.

    Keep bringing them on. Reply With Quote
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  • Dec 1, 2020 | 00:55 27 "I say this both as a working mother and as a minister of finance..."

    Merely showing that, like your chicken pic, two heads are not always better than one.

    Quote Originally Posted by Blaithin View Post

    (I’ve been waiting to use that pic all day. I knew Jazz couldn’t help himself when it came to posting about the budget!)
    Reply With Quote
    Dec 1, 2020 | 03:00 28
    Quote Originally Posted by Blaithin View Post
    Actually, are you prescient - you nailed it with this one.

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    Dec 1, 2020 | 06:45 29 A black dress signifies mourning, probably for the death of Canada.
    And instead of new tight shoes for a budget(fall economic ad"dress") presentation a tight black dress is wore.
    Too bad the spending isn't as tight as her dresses. Reply With Quote
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    LEP

  • ajl
    Dec 1, 2020 | 06:57 30 What this means is that a currency crisis is inevitable for canuckistan. It is prepping time around here where we are converting canuckistani cash to durable goods. Chickens are not durable goods but extra freezers and a generator to power them are. Still need frozen chicken to put in the freezer. The end game comes when the gubmint can no longer borrow in the canuckistani dollar then fiscal discipline comes quickly. This process takes a while so there is time but how much no one knows. The $5000 could insulate the new storage shed built for prepping. Of course other countries are doing a lot of the same thing but not with the crazy reckless abandon canuckistan is. The US dollar will last longer than the canuckistian but how much is hard to say. Right now they are busy with election fraud and one good thing about that is they are not passing any new stimulus packages down there right now. The demoncraps were pushing a 3T package prior to the election and republicans had there own plans for a more modest one but both would be destructive so the good news is that with the election fraud neither are moving forward at the moment. Reply With Quote
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