Thursday, December 10, 2015

Liberals $10-billion yearly deficits



While Justin Trudeau and his lovely wife appeared in Vogue magazine, another news article revealed the super hero's kryptonite. The National Post is reporting that "Prime Minister Justin Trudeau is edging away from his election campaign’s pledge to hold the deficit to $10 billion and now says this is just a “goal” as the Liberal government makes spending to spur economic growth its priority." This is the superhero's one flaw. Deficits in good times leads to trouble in bad times.

In the movie Creed, Apollo Creed's son was trained by Rocky Balboa. During his big fight the news caster said he hit the body like Rocky but hit the head like Apollo. The boxer had learned the strengths from two different champions. The Liberals are supposed to be a balance between the left and the right. They are supposed to be the best of both worlds. Why is it that ever since Pierre Elliot Trudeau, the Federal Liberals seem to have been the worst of both worlds - Corporate monopolies and fiscal irresponsibility. It doesn't have to be that way.

Recently there was a funny video put out about how JT responded to a question from the press about why he chose to have gender neutrality in his caucus. JT looked surprised by the question and said Because it's 2015. He implied the rest of us need to get with the times. Fair comment. Now it's his turn. Everyone knows that debt is bad and should be avoided. Justin's father was awesome. He defended civil liberty by giving us the Charter of Rights and represented us well internationally. He was French. He had class. Justin's father's one flaw was excessive spending racking up national debt. Well son, times have changed. Everyone knows debt is bad so get with the times and move forward. Our children and future generations are depending on it.

I will add that al least he's being honest about it. Stephen Harper racked up debt and lied about it hiding it from the public. Like the $65 billion bank bailout plus he spent but denied he did. That was the biggest expenditure of tax dollars in Canadian history and he lied and said he never did it. His magic books were now you see it, now you don't. The Green Party announced he did spend it and it was a lot more than $65 billion. So with the news of Canadian banks making $96 million every day in 2015 totalling $35 billion, does that mean they will start to pay back the tax paid bailout they received? That would go a long way in helping reduce our national debt.

7 comments:

  1. $65 billion bank bail out. say what. did I miss something somewhere??????????Those banks have been making profits for as long as I can remember. Why did they need a bail out?

    I've got no problem with a deficit, its better than letting people die and starve, which the Cons were doing. Now Christy's little billion dollar shopping list in Ottawa might need to be torn up, given how much she is already giving to private industry, but using tax dollars to build infrastructure and ship, we need, I'm good with that. It provides jobs and we need those. Its better than having people sitting around having to survive on E.I. or welfare. that just leads to social problems.

    ReplyDelete
    Replies
    1. That was the whole scam. We were told the banks in Canada didn't need a bail out but they did anyways. The Green Party first reported it was $65 billion, then it was reported to be $115 billion as reported in the Financial Post:
      http://business.financialpost.com/news/fp-street/did-canadian-banks-receive-a-secret-bailout

      Some one posted a couple of more links in the comments on my previous post about it. The Green Party link was expired but the Rabble.ca link still works:
      http://rabble.ca/columnists/2011/11/bailed-out-any-other-name-canadian-banks-got-plenty-help

      Delete
    2. As for deficits, these aren't the /80s. Everybody knows unnecessary debt is bad. That's why the Reform Party swept Western Canada. Now even the NDP know we have to balance the budget or there will be no social programs for future generations. Imagine this: Someone offers you a brand new credit card with no limit. You can charge as much as you want and you will never have to pay it back before you die. Your kids will and their kids will. In fact the interest on the debt you leave them will enslave them for generations to come. Many would have no problem using that credit card and charging it to the moon. I wouldn't. There is a difference between unnecessary cuts and unnecessary spending. Closing Riverview and putting all the mentally ill on the street was a bad idea. Partying like a rock star on our kids dime just isn't responsible either.

      Delete
  2. "Does that mean they will start to pay back the tax paid bailout they received?"

    Nope. "Pirate Rules".

    "Take all ye can, give nothing back, arrhh...."

    ReplyDelete