into debt

[Kurt505]

Taxes are a good thing if we could keep the pigs out of the trough. The problem is keeping the pigs out of the trough. If we were able to keep the federal mafia away from our tax account, we wouldn’t have any financial issues right now. The trudeaus are the Canadian version of the clintons. It would be nice if we could just throw justin in jail and our problems would be solved, but there’s a whole pen full of pigs lining up at the trough. We have to do a major overhaul of our parliament system if we’re going to expect things to get better.




A quick glance at the news and I happened across this, yet another fine example of why we need trudeau gone.

https://edmontonsun.com/news/nationa...4-1de02985ac67

[Scott h]

Originally Posted by Dean2

Did you guys look at the Budget over view our idiot minister of Finance just deliver. One year deficit of 343.2 BILLION frigging dollars, 20% of GDB. Federal Gov debt alone is now nearly 50% of GDP. Add on top of that the Provincial deficits and Debts and we are in deep kaka. Those are absolutely stunning numbers. What is even worse, no mention at all of how we are going to deal with this. Just that the Pandemic is not over and the deficit and debt could be even worse next year. These guys are completely out of control.

You can bet it will be paid for by an increase in GST back to its original 7%. I'm betting on top of that BC will enlarge the the speculation tax to cover the entire province to help fill up the coffers.

[Bigwoodsman]

Originally Posted by Kurt505

The trudeaus are the Canadian version of the clintons. It would be nice if we could just throw justin in jail and our problems would be solved, but there’s a whole pen full of pigs lining up at the trough. We have to do a major overhaul of our parliament system if we’re going to expect things to get better.

Canada needs to cease to exist as we know it. We need to become individual nations or regions. The Trudeau's have conquered and divided Canada, driven Canada into an insurmountable debt. Canada will never be the same going forward. Our parliamentary system has been changed to favour the politician, there is nothing that the citizens of Canada can do to change this through the existing set of rules. There is no democracy, in Ottawa anymore.

BW

[GrandSlam]

With the way things are now, the west has absolutely no say in who gets into power. The only option is separation. Liberalism has too much support in the east and unless the CPC align more to the left, they will never get into power.

[Sundog57]

Margaret Thatcher said it best
"The problem with socialism is that eventually you run out of other people's money"

[ward]

Originally Posted by Surly

What in the world is a true conservative? Is it related to that elusive beast, the honest politician? In reality they are all pigs feeding from the same trough with their selfish interests in mind.

It’s been a while since one ( conservative) has been sighted. I don’t think they have been officially declared extinct yet. I may have missed the announcement.

[huntinstuff]

10x the deficit spent in 3 months.....

Another $300 million to help other countries fighting COVID.....

"The government took on debt so that Canadians didnt have to...."

If thats not enough in itself, regardless of all else, to have him removed, then I hope another country takes us over because we are far too stupid to exist.

[Smoky buck]

Originally Posted by huntinstuff

10x the deficit spent in 3 months.....

Another $300 million to help other countries fighting COVID.....

"The government took on debt so that Canadians didnt have to...."

If thats not enough in itself, regardless of all else, to have him removed, then I hope another country takes us over because we are far too stupid to exist.

Sadly there is a lot of countries with a population and politics riddled with stupidity so Canada is pretty safe

[Hadji Ramjet]

Originally Posted by 58thecat

so no new jets for the military then......we are going to get invaded soon....maybe the turd will finance the invasion of his own country too....

Invaded soon? Have you been completely oblivious to Justin's immigration policies? Haven't heard of Roxham Road?
It's been here awhile...

[Hadji Ramjet]

Originally Posted by Scott h

You can bet it will be paid for by an increase in GST back to its original 7%. I'm betting on top of that BC will enlarge the the speculation tax to cover the entire province to help fill up the coffers.

Despite Morneau's protestations to the contrary, that seems to be one of the operative rumours. IIRC, when the GST replaced the MST, it was pegged at 5%, but was brought in at 7% because Mulroney needed the money. Although Chretien vowed to cancel it, he too needed the money. Harper lowered it to the original 5%, and I'll bet Justin takes it back to 7% ('cause he really really needs the money).

Pierre Trudeau introduced capital gains tax in 1972, Mulroney raised it ('cause he really really, well you know...) but it was later lowered back to taxing 50% of the gain. Not much chance that both the PM and Finance Minister, both of whose fortunes came from their fathers and are protected through family trusts and thus won't be affected, aren't going to raise that 50% capital gains level.

Likely the same for dividend income. I don't believe most people realize that ineligible dividend taxes have risen since Justin got in in 2015, good chance that dividend taxes will rise as well.

The Libranos have pretty much taxed income to about as far as it can go, all that is left is taxing assets, there's nothing left. The speculation tax (and Vancouver's "school tax") is a great example of just that: tax assets, because how dare you have more than someone else, no matter how hard you worked and what you did to achieve those assets.

There used to be (maybe still in some provinces?) income tax "surcharges," you weren't charged income tax as that would show a higher tax level, instead there was an additional surcharge on tax paid. That allowed them to get more money from you, while proclaiming the tax level was actually lower than your marginal rate. Want to bet Trudeau, the one who claimed most small businesses are actually ways for rich people to avoid taxes, won't look at that, which will not disavow Morneau's "no new tax" claim?

With all that, final words: We. Are. Fooked. And for all of the anti- Jason Kenney folk on here, where else in this country would you rather be, to save what you've worked hard to earn?

[WayneChristie]

https://youtu.be/SbBUFVjbEo4 on a brighter note there is a new documentary out called "Tread"

[Twisted Canuck]

Early on in this pandemic, my trusty 8 year old TV finally gave up the ghost. I got a good deal on a 65" Samsung 4K UHD with the curved screen.

It's amazing the color and resolution this thing has, makes watching the country and the world go to hell look like you are right there! Oh, wait.....

If ever a thread deserved a Jesus Wept, this would be it.

[CaberTosser]

I suggest we start with a very specific inheritance tax and make it retroactive, every last cent that Justin inherited from Pierre, including that fancy vintage Mercedes, should be put towards the debt that the Prime Moron signed on for. Same goes for any inheritances or retirement savings of any sitting MP who endorsed this travesty.

[Grizzly Adams]

If you don’t want to help pay for saving peoples lives LEAVE Canada.

Question being, are we really saving lives or is it just a feel good exercise ?

Grizz

[nelsonob1]

Originally Posted by Dean2

Actually I disagree with that. I know quite a few people, me included, who could qualify under the absolutely asinine rules the Liberals setup, but have refused to take money we don't deserve or even need. I know this isn't universal, and since I don't think I know any actual Liberals I can't say if some of them are doing the same, but there are at least quite a large number of Canadians who aren't falling for this sham, nor are they the type to take advantage of the governments stupidity.

X2.
BMO send us an email each month pushing corporate benefits that they know we do not need. My wife who works as an office manager at one of our locations chose to stay home looking after the kids. She qualified for $2,000 per month gift from the government despite the fact my income which is more than enough, was not impacted. The government would pay 75% of our payroll, the rents and give us 40k interest free, despite the fact we don't need it.

They should focus on getting help to those that need it and let the rest help themselves.

Madness.

[CBintheNorth]

For those that haven't seen the stupidity for themselves...

https://twitter.com/nimmity_anna/sta...641210883?s=09

[WayneChristie]

Originally Posted by CBintheNorth

For those that haven't seen the stupidity for themselves...

https://twitter.com/nimmity_anna/sta...641210883?s=09

stupid is as stupid does, I think we need to come up with a new word to cover this person. only upside is every time it opens its mouth, (on his feet) I feel like a genius

[Athabasca1]

Canada used to have a AAA credit rating when the deficit was 30 billion dollars. Fitch recently down graded Canada's rating to AA+ plus and stated that a further down grade is possible. No doubt that the other two big credit rating agencies, Moodys and S&P will likely adjust their credit ratings for Canada as well in the near future. Morneau stated that interest to service the debt is less than it would have been as the present interest rates are less than pre- pandemic rates. Not if but when Canada incurs a further credit rating reduction the deficit and total debt will increase again. Very sad to think what paying the deficit and debt down will mean for this country.

[Bigwoodsman]

Originally Posted by WayneChristie

stupid is as stupid does, I think we need to come up with a new word to cover this person. only upside is every time it opens its mouth, (on his feet) I feel like a genius

A while ago, on the rare occassion that there was a parliament I heard Chrystia Freeland say that the lieberals were putting THEIR money where their mouthes were. The lieberals all believe that our tax dollars are their monies. These arrogant bastards need to go.

BW

[ehrgeiz]

Man I sure wish Pierre Poilievre was PM. What a mess.

[glen moa]

A better headline might be what % of incoming money goes to pay the debt. That’s money right down the drain.

Fire up the press and print money until we have no debt. I’m not sure what value the dollar would have though

[HalfBreed]

Originally Posted by glen moa

A better headline might be what % of incoming money goes to pay the debt. That’s money right down the drain.

Fire up the press and print money until we have no debt. I’m not sure what value the dollar would have though

Great idea! Just give me a couple days to reposition my assets.

[graybeard]

Originally Posted by ehrgeiz

man i sure wish pierre poilievre was pm. What a mess.

x 343,000,000,000

[lmtada]

Originally Posted by ehrgeiz

Man I sure wish Pierre Poilievre was PM. What a mess.

Not sure about any politician. They put themselves first, and citizens second. Take away there benefits and 99/100 would quit. Ford in Ontario is not one of the buerocrats government attaboyz. He isn’t perfect, however this COVID-19 pandemic has thrown a wrench into his plans.