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Canada's surpluses and deficits


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#1 Topaz

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Posted 23 April 2012 - 05:50 AM

Here's a chart of Canada's years of surpluses and deficits under either the PC or the Liberals since 1963 and until Chretien came into power, no party could reduce the deficit. Now, I know aome people think the way the Liberals did it was wrong because they under cut the military to get the money for the debt, so now we can compare their to the Tories under Harper who is doing his reductions affect Canadians workers and social programs. http://www.cbc.ca/ne...canada-deficit/

#2 Shady

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Posted 23 April 2012 - 07:38 AM

I guess you must have missed the Liberals cuttin EI and transfer payments and government overall by 15% when they balanced the budget.
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#3 Tilter

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Posted 23 April 2012 - 10:19 AM

Your CBC reference is another demonstration of the love the CBC has fro the CPC.

#4 Tilter

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Posted 23 April 2012 - 10:19 AM

I guess you must have missed the Liberals cuttin EI and transfer payments and government overall by 15% when they balanced the budget.

But THOSE cuts were to fund ADSCAM <_< <_<

#5 dre

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Posted 23 April 2012 - 10:29 AM

Here's a chart of Canada's years of surpluses and deficits under either the PC or the Liberals since 1963 and until Chretien came into power, no party could reduce the deficit. Now, I know aome people think the way the Liberals did it was wrong because they under cut the military to get the money for the debt, so now we can compare their to the Tories under Harper who is doing his reductions affect Canadians workers and social programs. http://www.cbc.ca/ne...canada-deficit/



I think the liberals deserve some credit for that. They could have just kept spending borrowed money like all the other governments do.

But really I think the reason we were able to balance the budget was because of the .COM boom. Even the US ran close to balanced budgets for part of the 90's.

#6 Michael Hardner

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Posted 23 April 2012 - 10:36 AM

I think the liberals deserve some credit for that. They could have just kept spending borrowed money like all the other governments do.

But really I think the reason we were able to balance the budget was because of the .COM boom. Even the US ran close to balanced budgets for part of the 90's.


They cut transfer payments, though, forcing the provinces to deal with it. The money will still be spent and borrowed unless services are reduced, or consolidated. Nobody is really good at that, it seems, and I'm not sure why.

#7 cybercoma

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Posted 23 April 2012 - 11:23 AM

Here's a chart of Canada's years of surpluses and deficits under either the PC or the Liberals since 1963 and until Chretien came into power, no party could reduce the deficit. Now, I know aome people think the way the Liberals did it was wrong because they under cut the military to get the money for the debt, so now we can compare their to the Tories under Harper who is doing his reductions affect Canadians workers and social programs. http://www.cbc.ca/ne...canada-deficit/

Remember when I pointed out that Mr. Mulcair said the Conservatives were starting fires only to put them out later? That graph illustrates perfectly how they've destroyed the government's fiscal capacity while dramatically increasing spending. They created the crisis and they're going to solve it by enacting austerity measures that allow them to gut government services in accordance with their destructive ideology.

"History I believe furnishes no example of a priest-ridden people maintaining a free and civil government. This marks the lowest grade of ignorance, of which their political as well as their religious leaders will always avail themselves for their own purpose."

Thomas Jefferson


#8 Topaz

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Posted 23 April 2012 - 03:05 PM

I guess you must have missed the Liberals cuttin EI and transfer payments and government overall by 15% when they balanced the budget.


The debt that Harper has was created by THEM on what? Where did that 13 Billion surplus go or better yet how did it get up to 54 Billion? Harper has increase premiums on EI, while increasing EI lines. Let's just wait and see how much cutting Harper does and he's already cut health care transfers to the future to 3% when the feds using to pay 50%.

#9 fellowtraveller

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Posted 23 April 2012 - 03:07 PM

The Liberalsa 'slayed the deficit' with two tools: cutting transfer p[ayments to the provinces and by a fortuitous drop in interest rates on the national debt.
That was a long time ago.

I like the reference to the Tories 'created the crisis' that has deviled the worlds economies for close to five years. They are sneaky bastards all righty.
The government should do something.

#10 punked

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Posted 23 April 2012 - 03:14 PM

The debt that Harper has was created by THEM on what? Where did that 13 Billion surplus go or better yet how did it get up to 54 Billion? Harper has increase premiums on EI, while increasing EI lines. Let's just wait and see how much cutting Harper does and he's already cut health care transfers to the future to 3% when the feds using to pay 50%.

Hold on. The LIBERALS cut health care transfers from 50% down to 12% by the time they were done, at least Harper has brought it back to 18% I will give him real create where the LIBERALS have failed. Now that he doesn't have a minority he will cut it back to 12 I am sure but lets be serious here the real health care cutters were and have been the Liberals.

#11 Shady

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Posted 23 April 2012 - 03:18 PM

They created the crisis and they're going to solve it by enacting austerity measures that allow them to gut government services in accordance with their destructive ideology.

Yes, they created the crisis. :rolleyes:

It was Harper that created the American financial and real estate crash. It was also Harper that created the European debt crisis. Don't you ever get tired of your Harper Derangement Syndrome? It makes you look like a complete idiot. :rolleyes:
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#12 BubberMiley

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Posted 23 April 2012 - 03:40 PM

Don't you ever get tired of your Harper Derangement Syndrome? It makes you look like a complete idiot. :rolleyes:

Not as much as using a term like "Harper Derangement Syndrome" does. :lol:

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#13 cybercoma

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Posted 23 April 2012 - 03:46 PM

Yes, they created the crisis. :rolleyes:

It was Harper that created the American financial and real estate crash. It was also Harper that created the European debt crisis. Don't you ever get tired of your Harper Derangement Syndrome? It makes you look like a complete idiot. :rolleyes:

You know what looks bad? Blaming all the failures on external forces (American financial crisis, Europe, Liberal government, etc.) whilst attributing all the successes to Harper. It's disingenuous and shows a total lack of intellectual honesty.

"History I believe furnishes no example of a priest-ridden people maintaining a free and civil government. This marks the lowest grade of ignorance, of which their political as well as their religious leaders will always avail themselves for their own purpose."

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#14 Shady

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Posted 23 April 2012 - 03:53 PM

You know what looks bad? Blaming all the failures on external forces (American financial crisis, Europe, Liberal government, etc.) whilst attributing all the successes to Harper. It's disingenuous and shows a total lack of intellectual honesty.

I haven't attributed all successes to Harper. In fact, in other threads I've criticized his spending. But you on the otherhand, either don't understand, or don't want to understand how a bad American economy, and a bad European economy effects Canada.

Ever heard the quote from Trudeau? "When America sneezes, Canada catches a cold." Well, add Europe sneezing as well. But you don't care about facts. Instead, you create these tinfoil conspiracies about the Harper government creating a crisis. Well, the biggest crisis affecting the Canadian economy is the American and European economies. Enough with your Harper Derangement Syndrome. You sound like a crazy person.
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#15 Shady

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Posted 23 April 2012 - 03:54 PM

It's disingenuous and shows a total lack of intellectual honesty.

You should know, you're the champion of disingeniousness and intellectual dishonest. :lol:
"First they ignore you, then they ridicule you, then they fight you, then you win" - Gandhi

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