Originally posted by chuckChuck
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$252.1 Billion Deficit for Canada. Yep Skippy is one Smart Guy!
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Covid 19 has changed the political landscape. Many Conservative voters may not like Trudeau but they also want bailouts until there is some sort of normal again. That goes for all the Premiers.
You can tweak the spending this way and that, but almost nobody is in favour of not running a large deficit to get through this.
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Political support among voters for spending cuts and balanced budgets will be negligible for the foreseeable future. The only thing that will change that is when businesses and governments start hitting unsurmountable debts walls, somewhat like New Zealand faced in the early 80s.
Voters tend to like a banquet of seed corn. They see little or no consequence in depleting the seed bins of the economy.
They almost universally like zero percent interest, because they can refinance the mortgage at a fraction of the previous rate. Most don't consider, on the other hand, the consequences of their pension fund going broke because fixed income investments don't do very well at zero percent return.
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Ah chuck full of shit as usual.
I said Trudeau pissed away 5 billion on foreign students in canada and farmers get a ****ing loan and like CBC you twisted that in your little mind to mean conservatives want subsidies for farms.
Wow maybe it’s trumps fault.
Trudeau is a **** yo if you can’t see that no wonder you wanted the CWB.
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Today $850M was given away to bill gates vaccine research and developing nations. Farmers still a big fat zero.
Protect your assets folks, this s just the first stage. We get nothing and then we will have to pay for it.
He is going to stall parliment for another month, that finishes the spring session, then he will be back in the fall to call a snap saying he needs a mandate to steer canada through troubled waters or whatever, but it will be all about ramming through draconian tax measures on the portion of the electorate that will never vote for him.
Kenny is like a deer in the headlights, nothing coming from that direction but more talk big and take it.
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