[Newsbot]

Title: Canada lost when Ottawa cut the GST
Category: Economics
Posted By: BeaverFever
Date: 2013-03-24 19:52:43
Canadian

[Curtman]

$1:

For a sense of scale, reversing the GST rollback would virtually wipe out next year�s projected federal deficit of $18.7-billion.

That's why every economist (other than Lemmy) said it would create a structural deficit.

[jj2424]

Chretien thought it was a good idea to get rid of the whole thing.

"I'll kill da GST"!


He's dumber than Harper.

[Curtman]

$1:

1993 - Liberal Party Red Book: "A Liberal government will replace the GST with a system that generates equivalent revenues, is fairer to consumers and to small business, minimizes disruption to small business, and promotes federal-provincial fiscal co-operation and harmonization."

You might call it an HST.

[jj2424]

Curtman Curtman:

$1:

1993 - Liberal Party Red Book: "A Liberal government will replace the GST with a system that generates equivalent revenues, is fairer to consumers and to small business, minimizes disruption to small business, and promotes federal-provincial fiscal co-operation and harmonization."

You might call it an HST.

and he did none of the above....

[Curtman]

It wasn't for lack of trying. It's still an option for any province who wants it.

[saturn_656]

Curtman Curtman:

$1:

1993 - Liberal Party Red Book: "A Liberal government will replace the GST with a system that generates equivalent revenues, is fairer to consumers and to small business, minimizes disruption to small business, and promotes federal-provincial fiscal co-operation and harmonization."

You might call it an HST.

Fairer to consumers my arse. When Ontario brought in the HST it wasn't much more than a poorly disguised tax hike.

[Hawkes]

And just like that we're talking about something else.

What happened to the topic at hand? What does Chretian have to do with Harper cutting the GST?

[jj2424]

Hawkes Hawkes:

And just like that we're talking about something else.

What happened to the topic at hand? What does Chretian have to do with Harper cutting the GST?

Reducing the GST was a "bad" idea. But getting rid of it all together wasn't an issue.

[Lemmy]

Curtman Curtman:

That's why every economist (other than Lemmy) said it would create a structural deficit.

Every economist, eh? You're talking out your ass, Curt.

[Hawkes]

jj2424 jj2424:

Hawkes Hawkes:

And just like that we're talking about something else.

What happened to the topic at hand? What does Chretian have to do with Harper cutting the GST?

Reducing the GST was a "bad" idea. But getting rid of it all together wasn't an issue.

Why deflect from the issue at hand by bringing Chretian up at all? That's all you're doing right now.

[Curtman]

Lemmy Lemmy:

Curtman Curtman:

That's why every economist (other than Lemmy) said it would create a structural deficit.

Every economist, eh? You're talking out your ass, Curt.

Possibly. But it turned out to be true. Revenue did not go up, it went down. The laffer curve exists, but nobody in the CPC had any clue where we were on it, or cared. It bought them some votes.

[jj2424]

Hawkes Hawkes:

jj2424 jj2424:

Hawkes Hawkes:

And just like that we're talking about something else.

What happened to the topic at hand? What does Chretian have to do with Harper cutting the GST?

Reducing the GST was a "bad" idea. But getting rid of it all together wasn't an issue.

Why deflect from the issue at hand by bringing Chretian up at all? That's all you're doing right now.

I am sure Curtman voted for Chretien.

[Lemmy]

They may not have had any clue about the Laffer curve (I suspect they did), but it turned out not to matter after the economy tanked in the wake of the US financial crisis. The tax relief that many (especially unemployed) Canadians received as a result of the GST cut more than justified the cost of a little deficit. That's what governments are supposed to do: run deficits in hard times to help out hard-hit citizens. You're starting to sound like a heartless conservative when you criticize the government for the GST cut.

[Hawkes]

jj2424 jj2424:

Hawkes Hawkes:

jj2424 jj2424:

I am sure Curtman voted for Chretien.

And that has what to do with the article?