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Ottawa digging a $172-billion hole in deficits,

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Ottawa digging a $172-billion hole in deficits, TD Bank says


Political | 209531 hits | Jun 02 2:09 pm | Posted by: bootlegga
88 Comment

Canada is headed for a series of shocking federal deficits that will put the government more than $172 billion in the hole over the next five years, the TD Bank says in a new analysis. The report, released Tuesday, doubles the $85 billion total in defi

Comments

  1. by avatar kenmore
    Tue Jun 02, 2009 9:20 pm
    Welcome to tory economic planning... debt debt and more debt. but hey bail out big business and screw the middle class. so if you still have a job when they are gone..you will pay pay pay for the next 100 yrs..

  2. by avatar RUEZ
    Tue Jun 02, 2009 9:21 pm
    I think this was the coalition economic plan.

  3. by avatar kenmore
    Tue Jun 02, 2009 9:23 pm
    "RUEZ" said
    I think this was the coalition economic plan.


    nice try there ruez.. this is a result of and only of the "flawherty and harper " mismanagement of the public fund.. get your head out of your ass and admit blame where it is! THE TORYS

  4. by avatar RUEZ
    Tue Jun 02, 2009 9:28 pm
    "kenmore" said
    I think this was the coalition economic plan.


    nice try there ruez.. this is a result of and only of the "flawherty and harper " mismanagement of the public fund.. get your head out of your ass and admit blame where it is! THE TORYS
    What a mature debater you are. You are a credit to your party. Never the less the coalition threatened to bring down the government if they didn't open up the taps of spending. So they did. You can't have it both ways. You can't blackmail the government and then cry like a baby when they do what you ask.

  5. by Canadian_Mind
    Tue Jun 02, 2009 9:58 pm
    What I noticed was that 5 years ago the cons were blaming everything on the liberals, just as the libs ar eblaming everything on the cons now.

    The reason the conservatives planned 36 billion deficit was because fo the coalition, we have everyone to blame for that.

    However, the majority of the cost overruns, especially if it balloons to 85 billion, is soley the tories. The 36 billion was supposed to e the deficit in the worst situation imaginable. Either flaherty doesn't have a big imagination to anticipate what could happen, or he couldn't put 2 and 2 together to get 4, insted he got 3.6.

    If nothing else to save face I would have thought the conservatives would fire that minister.

    regardless, they kept none of the promises I voted for, plus this latest fuck up, so I hope there is an election soon. The Libs become more and more appealing again every day.

  6. by avatar Proculation
    Tue Jun 02, 2009 10:01 pm
    The problem is that we have no alternative. The liberals will do pretty much the same thing (just look at EI) and I cannot think what would happen with the NDP. We are screwed. :x

  7. by avatar RUEZ
    Tue Jun 02, 2009 10:06 pm
    "Proculation" said
    The problem is that we have no alternative. The liberals will do pretty much the same thing (just look at EI) and I cannot think what would happen with the NDP. We are screwed. :x

    You nailed it. Anyone that thinks the Liberals will do any different is drinking heavily. Let's not forget they want the government to make EI even easier to get. That costs money.

  8. by Canadian_Mind
    Tue Jun 02, 2009 10:09 pm
    bingo

  9. by DerbyX
    Tue Jun 02, 2009 10:24 pm
    "Proculation" said
    The problem is that we have no alternative. The liberals will do pretty much the same thing (just look at EI) and I cannot think what would happen with the NDP. We are screwed. :x


    No they wouldn't have. Thats simply conjecture. The partisan cons are the ones attacking both the libs and NDP by the very method they would have avoided a massive deficit, taxes. A carbon tax, GST hike, corporate tax increase. All were put forth as methods to spend yet avoid a massive deficit.

    Every time the cons screw up they say "ya but the Libs would have done the same". Why is it then that the Liberals can't point to the Cons and say that everything they did post 93 the cons would have?

    If you want to blame the Liberals/NDP for this massive deficit instead of the true culprits then by all means let Harper and the CPC stand aside and allow them to govern so you can blame them properly.

    The fact is that Harper and Harper alone is responsible for the budget he put together just as the Libs were. Anybody saying otherwise is simply deluding themselves.

  10. by avatar RUEZ
    Tue Jun 02, 2009 10:26 pm
    "DerbyX" said

    The fact is that Harper and Harper alone is responsible for the budget he put together just as the Libs were. Anybody saying otherwise is simply lying.

    Why is there no coalition government?

  11. by DerbyX
    Tue Jun 02, 2009 10:29 pm
    "RUEZ" said

    The fact is that Harper and Harper alone is responsible for the budget he put together just as the Libs were. Anybody saying otherwise is simply lying.

    Why is there no coalition government?

    Irrelevant. I've already explained that the coalition had tax measures in place to avoid a massive deficit. They would have also approached any bailouts differently due to the NDP factor.

    All it amounts to is Harper reneged entirely on his no deficit promise and handed in the biggest red ink budget of all time and the only left for the partisan right wingers who consider themselves as the natural economic governing party is to codify themselves with the false belief that everybody else would have done it also.

  12. by avatar EyeBrock
    Tue Jun 02, 2009 10:34 pm
    Ruez, we have no alternative to lying Libs or lying Tories. The political landscape in Canada at this moment is shite.

    I really like having derby on ignore. It's like nextdoors leaf-blower is silenced.

  13. by avatar Proculation
    Tue Jun 02, 2009 10:36 pm
    "DerbyX" said
    The problem is that we have no alternative. The liberals will do pretty much the same thing (just look at EI) and I cannot think what would happen with the NDP. We are screwed. :x


    No they wouldn't have. Thats simply conjecture. The partisan cons are the ones attacking both the libs and NDP by the very method they would have avoided a massive deficit, taxes. A carbon tax, GST hike, corporate tax increase. All were put forth as methods to spend yet avoid a massive deficit.

    Every time the cons screw up they say "ya but the Libs would have done the same". Why is it then that the Liberals can't point to the Cons and say that everything they did post 93 the cons would have?

    If you want to blame the Liberals/NDP for this massive deficit instead of the true culprits then by all means let Harper and the CPC stand aside and allow them to govern so you can blame them properly.

    The fact is that Harper and Harper alone is responsible for the budget he put together just as the Libs were. Anybody saying otherwise is simply deluding themselves.

    Don't get me wrong: I know Harper is responsible. What I say is that we don't have a fiscally responsible party that the conservative party was supposed to be.

  14. by avatar RUEZ
    Tue Jun 02, 2009 10:37 pm
    Ya that's what you want when thousands of people are losing their jobs, more taxes. Why not run a deficit when you have to until the country is back on it's feet and people can afford to pay more to pay off the debt?



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Who voted on this?

  • RUEZ Tue Jun 02, 2009 1:18 pm
  • DrCaleb Tue Jun 02, 2009 1:27 pm
  • WDHIII Tue Jun 02, 2009 1:28 pm
  • Canadaka Tue Jun 02, 2009 7:09 pm
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