Posted by: chupacabra
Posted by: Zedbra
Posted by: switch
Under Harper, Canada had a record deficit of $56 billion ($61 billion adjusted for inflation) in 2010 when the recession (he didn't see) was over and the price of oil was $120 a barrel.
If the barrel would have been at $40-$50 dollars, like today, the deficit would have been over $85 billion!
This deficit of $29.5 billion, if you take into account a $50 barrel of oil, amounts to $22 billion in lost revenue and the deficit would be $7.5 billion.
Can anybody really pretend that the NDP or Conservatives would have had done better?
You know, Harper bashing never gets old - so you hold onto that as long as you need, like a SJW blanket. Let's talk here and now. Try. I can live with a $29 billion deficit - even though that was an election lie in a massive scale - but point to all of us non Harper bashers where in this budget that $29 billion is creating jobs and economy to you know, eventually pay off this deficit. Simply pulling the Liberal card of spending what you aren't making and adding more taxes does not equal future prosperity. Explain it, I'm all ears.
So sensitive. Is pointing out the difficulties balancing the budget in an era of cheap oil Harper bashing, or is your crying foul a distraction from the fact that switch had a valid point to make concerning the deficit spending?
I do agree with you, however, and I think there ought to be significant investment in our economy over and above what we will get from infrastructure spending. There was no budget number associated with the innovation and skills plan and I think this is where we should be investing for a stronger economy in the future. To bash our dear Mr. S Harper though, he should have been doing the same to diversify our economy and pooped the bed.
Not sensitive, but practical. From the global economic crisis of 2008 to 2015, Harper's government spent deficit money to create over 1.3 million jobs, the best percentage wise of all G7 countries. And they are "Conservative" in their ways. So, our new drama teacher that likes to show up at the Commons once per week blows his campaign promise budget number by over $10.8 billion and no mention of diversity while creating jobs - rather more ways to collect taxes from the stretched middle class and below.
At least they should do something liberal - legalize weed and tax that shit, watch gang violence drop - win/win.
I know, I know....but Harper!