Feds are blowing money faster than my Mennonite neighbors.

[15444]

No surplus, ever again. Debt 29.4 this year and just continual every year until they get voted out. Big money for people on welfare with kids, 5400-6400 a year up to 18 years per kid. Don't work, pop out 10 kids, your living on easy street. All that money is entirely tax free as well. No plan for jobs. Answer for jobs is more money for EI recips. And the big infrastructure money? 5 years from now.

[jake550]

This is very painful to read the highlights of this budget.
I can hardly believe this garbage. Actually feel sick to my stomach. Even though I wasn't looking forward to this day it's far worse than I ever imagined.
I just can't for the life of me understand how the majority of people voted this party in... Doesn't make sense to me.
Very discouraging for any and all that are trying to get ahead a bit and help their own family.
No sir, can't have that!! Take it all and hand it to the people that laugh at them for trying. Just
sickening.
Wake me up when it's all over!!

[macdon02]

Well with a little luck the traders will thumb their noses to the loonie and punish it to the downside. These grain prices are getting driven almost exclusively by currency, fundamentals dont mean shit anymore. Bring on $.60!

[Oliver88]

Hopefully the currency traders note that Canadian federal government is being run by drama teachers and environmentalists.....how they took a $3 billion surplus and spending in to a $30 billion deficit is very concerning.

We could use a $.60 loonies to improve the wheat basis and canola futures.

[SASKFARMER3]

He is a Idiot.
His party are Idiots.
This is where Canada becomes Greece.
Don't work is the ones who get ahead.
Hard work isn't for Canada any more.
The day Canada Died was

March 22, 2016.

History will not look kindly on this shit show.

[farmaholic]

Don't fear, Look how successful the Hutterite Colonies are. Everything is done for the good of the Colony. Everyone shares in it's wealth,,, cradle to grave socialism. No individualism. Everyone benefits from everyone else's work. Live, eat, breathe, die, work....Colony. Ultimate socialism

Canada has become a Hutterite Colony....With a spending addiction.

[cottonpicken]

Page 47,25.7 billion in interest cost expense,so 5 billion in new spending,let that sink in baby boomers

[farmaholic]

"HIGHLIGHTS"


Finance Minister Bill Morneau has tabled a budget that forecasts big deficits over the next five years and beyond to finance a new tax-free monthly child benefit, more money for First Nations, infrastructure spending and extended employment insurance benefits to hard-hit regions.

Federal budget 2016: How to follow CBC News coverage
More coverage of the 2016 federal budget
Here are some highlights of Bill Morneau's first budget:

Deficit: $29.4 billion this year, $29 billion the next before falling - but no surplus forecast before the next election.

Debt: Expected to grow by $113 billion by 2020-21, but debt-to-GDP ratio to stay mostly flat at around 32 per cent.

Growth: Deficit based on 0.4% annual growth - much lower than economists predict.

Canada Child Benefit: New monthly tax-free payments starts July 1 to replace UCCB and other tax measures: up to $6,400 a year per child under 6, and $5,400 those aged 6 to 18. But this amount begins to claw back for households with an income over $30,000 and is eliminated entirely for incomes over $190,000.

Tax credits: Children's arts and fitness tax credits phased out by end of 2017. But teachers get a $150 credit for teaching materials.

EI: Changes make it easier to qualify for benefits, and extends benefits for workers in 12 hard-hit regions. Plus: a bigger-than-expected cut in EI premiums next January.

Infrastructure: $120 billion over 10 years, focusing first on public transit, water, waste management and housing infrastructure.

Indigenous Peoples: $8.4 billion over five years, with $2.6 of that to improve primary and secondary education on reserves. Other funding for drinking water and housing, as well as family and child services.

Student grants: Increased 50%, to $3,000 for low-income and $1,200 for middle-income students.

Arts: $1.9 billion over five years for arts and culture organizations, including the Canada Council, Telefilm Canada and the National Arts Centre. $675 million to "modernize and revitalize CBC/Radio-Canada in the digital era."

Seniors: Guaranteed Income Supplement increased by up to $947 annually.

Veterans: Reopens nine service offices, increases amounts payable to injured veterans and indexes some benefits to inflation.

[perfecho]

From a Global news story last spring...
After producing a surplus in 2007-08 of $9.6 billion, the Harper government delivered a deficit of $5.8 billion in 2008-09 during the global recession.

In subsequent years, his Conservative governments generated shortfalls of $55.6 billion in 2009-10; $33.4 billion in 2010-11; $26.3 billion in 2011-12; $18.4 billion for 2012-13; and $5.2 billion for 2013-14.

To summarize, Harper-led governments ran a string of six straight deficits between 2008-09 and 2013-14.

[cottonpicken]

Transfer payments on 243

[bucket]

So they take away the fitness credit to keep kids fit and give a credit for teachers to decide what materials they need for some off the wall class?

Wtf

[Oliver88]

Looks like the CBC is getting a HUGE payday, I expect they will have well balanced coverage now. 😂