Trudeau’s Deficit Set to Smash Through Hundred-Billion Barrier

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IronNoggin
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Trudeau’s Deficit Set to Smash Through Hundred-Billion Barrier

Post by IronNoggin » Thu Mar 19, 2020 5:26 pm

Canada’s federal deficit will likely blow past C$100 billion this year, doubling its previous all-time high...

https://www.bloomberg.com/news/articles/2020-03-19/trudeau-s-deficit-set-to-smash-through-hundred-billion-barrier
"Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end."

Hillcountry
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Re: Trudeau’s Deficit Set to Smash Through Hundred-Billion Barrier

Post by Hillcountry » Sat Mar 21, 2020 3:04 pm

Chump change...compared to the US DEBT
Something to think about:

1 million seconds equal 11 and 1/2 days.
1 billion seconds equal 31 and 3/4 years.
1 trillion seconds equal 31,710 years.
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Hillcountry
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Re: Trudeau’s Deficit Set to Smash Through Hundred-Billion Barrier

Post by Hillcountry » Sat Mar 21, 2020 3:08 pm

Oops, I saw that you said “deficit”
Probably a little difference between that and “debt”
Apologies! :mrgreen:
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janesy
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Re: Trudeau’s Deficit Set to Smash Through Hundred-Billion Barrier

Post by janesy » Sat Mar 21, 2020 3:22 pm

Hillcountry wrote:
Sat Mar 21, 2020 3:08 pm
Oops, I saw that you said “deficit”
Probably a little difference between that and “debt”
Apologies! :mrgreen:
Don't apologize, I'm pretty sure they don't know the difference either :lol:
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Hillcountry
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Re: Trudeau’s Deficit Set to Smash Through Hundred-Billion Barrier

Post by Hillcountry » Sat Mar 21, 2020 7:12 pm

janesy wrote:
Sat Mar 21, 2020 3:22 pm
Hillcountry wrote:
Sat Mar 21, 2020 3:08 pm
Oops, I saw that you said “deficit”
Probably a little difference between that and “debt”
Apologies! :mrgreen:
Don't apologize, I'm pretty sure they don't know the difference either :lol:
You got that right! :mrgreen:
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IronNoggin
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Re: Trudeau’s Deficit Set to Smash Through Hundred-Billion Barrier

Post by IronNoggin » Mon Mar 23, 2020 8:00 pm

Liberal bill on coronavirus would give feds power to spend, tax without parliamentary approval

In response to the coronavirus pandemic, the federal Liberals are poised to table a bill granting them sweeping new powers to spend money and raise taxes without having to get the approval of Parliament.

The legislation grants Finance Minister Bill Morneau extraordinary new powers to spend, borrow and tax without having to get the approval of opposition MPs until December 2021.

The Canadian Constitution enshrines taxation as a power of the parliamentary branch.

Because of that, granting those powers to the federal cabinet alone is highly unusual – even the Emergency Powers Act does not do so.

https://globalnews.ca/news/6720551/justin-trudeau-coronavirus-support-bill/
"Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end."

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IronNoggin
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Re: Trudeau’s Deficit Set to Smash Through Hundred-Billion Barrier

Post by IronNoggin » Tue Mar 24, 2020 5:39 pm

It appears the liberals were forced to abandon their insane plot to grant them dictatorial powers by opposition members:

National coronavirus update, March 24: Parliament suspends emergency session

It appears that the government is continuing to negotiate details of the legislation with opposition parties after the Conservatives balked at a provision that would have given the government sweeping powers to unilaterally spend, borrow and change taxation levels without the approval of Parliament.

https://www.mapleridgenews.com/news/national-coronavirus-update-march-24-parliament-suspends-emergency-session/

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"Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end."

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