Feds are blowing money faster than my Mennonite neighbors.

[farmaholic]

.....no tax hikes? No GST hike. The deficit spending could be looked at as a tax on the future.

Regardless of who deficit spent in the past or whom is currently doing it.....when and will there ever be a day of reckoning. ....a reset?

[cottonpicken]

Well we are actually borrowing 278 billion this year with rolling over bonds and treasuries

Good thing the world doesn't know we hide 50 percent of the problem in the provinces,what if nobody showed up at auction.

But everything is so rosy they may offer a 50 year,true story right there in the print.

[farmaholic]

I heard Sask Finance Minister had a break-down after the Fed Budget..... No money for you.... (like the Seinfeld Soup Nazi). Sask must be re-jigging the numbers.....may not be the SaskParties problem.

[agchat]

Talked to someone the other day, they said watch companies like BCE, that will tell the tale how bad and hard up the country is getting. You figure it out.

[fjlip]

Bribed the CBC into a massive positive spin on the fantastic coming SUNNY days, going to hell in debt hand basket. I bet the dollar will go UP, hope I'm wrong, but markets are drooling for NEW money!
Good times in Canada, bring in MORE migrants. Money to burn!
Oh ya, Liberals got 40% of vote, NOT the majority of population.

[farmaholic]

agchat, some things are recession proof....some won't give up their vices....ask wiseguy.

[Richard5]

A couple thoughts:

Did anyone ever think about where the money goes that is paid to a low income earner? It get spent. For those on welfare - It gets spent also and more likely on high taxed purchases likes smokes or alcohol. This will never change, those people are either unskilled or no desire to try and make their life better

Thought 2 - If you are a 10,000 acre farm running insane debt levels of over 5 million you are in trouble. Even worse if you are a 25,000 acre farm running 25 million debt - You basically are insolvent and days numbered.

Why should the government be anything different?

[macdon02]

Because the farmer doesn't sell and require his debt to be bought by pension funds and deem it a safe asset. Lol that's why they shouldn't be flying close to the sun. Like cotton said, when the debt goes no bid because market has lost confidence it all falls down. That's the shift from public to private, 85 it flipped private to public I believe. Money flows to confidence.

[farmaholic]

wiseguy, not hard to kick that habit with the lack of doses we receive. Hard to develop dependency on something you don't get.

R5... so why do people and governments even bother trying to account for their spending if there is little or no intentions of paying it back?

It's almost as silly as the message from the book "The Secret".... like there's more than enough to go around and all you have to do is "wish" for it to materialize. With out doing anything for it? Sounds a little to good to be true! Wonder if a socialist wrote that book.

[wilagro]

Oh goodie, around $77 a month increase to the Guaranteed OAS for Seniors. That will buy a lot of Mai Tias in Hawaii next winter.
And those billions to the natives...really, its like pouring water down a gopher hole and will produce about the same results.
They should be looking at eliminating the Indian Act forever and quit this silly piecemeal approach to solve their problems.

The budget was created by dreamers with no hope of ever achieving balance.
====

[Oliver88]

You are bang on wilagro.

Throwing several billion dollars extra at the natives will do nothing regarding their problem but actually will make it worse and lower their life expectancy.

A few newspaper articles are throwing out the theory that this HUGE deficit was created from a surplus to give the Liberals an excuse to eventually raise the GST.

[15444]

I sure hope Trump gets in and puts the financial squeeze on those Liberal shits. I'll gladly take some economic suffering if I can watch Jr. sweat continually, looking over his back on TV.