Posted on 04/21/2015 4:27:57 PM PDT by A Formerly Proud Canadian
With just six months before the next election, Prime Minister Stephen Harper’s governing Conservatives have introduced a budget that offers attractive tax breaks for targeted voters and puts the country’s finances back into a precariously small surplus.
(Excerpt) Read more at news.nationalpost.com ...
For all the garbage that Harper and Oliver take in from the left and the Talking Class in this country, I know that it has been ones like Obama and former Ontario premier Dalton McGuinty who had their credit ratings downgraded. Not Harper and his finance ministers Flaherty (rip) or Oliver.
Did not see this posted.
don’t know much at all about Canada. But how did they run up a trillion dollar deficit. Always thought they were frugal and not much military spending. and not too many o Obama’s sons.
3rd Monday in October in the fourth calendar following the last election or, upon losing a ‘nonconfidence’ vote, an election must be called.
It depends. For a while, Harper was in a minority governing position (more seats than the other parties but not a majority of seats in total) and Parliament could be dissolved if a no-confidence motion was successfully passed. Then, an election has to be held. Since Harper won a majority in May 2011, the tradition has been about every four years, even though the maximum is five without having to dissolve Parliament.
5 years max. 4 is the norm but it is up to the governing party if in majority when to call an election. If a minority government exists it is up to the opposition parties when they want to pull the plug. Tricky there since the public doesn’t want a lot of extraneous elections so they have to be careful or it can backfire on them. When governments stretch things out to 5 like is happening now they tend to vulnerable because they felt too weak during the 4th year to call an election which is the accepted norm.
Canada followed the European example of socialism, starting in the 50’s and 60’s. Deficits mushroomed under Pierre Trudeau in the 60s and 70s. He pushed ‘B & B’ (bilingualism and biculturalism) on Canada, basically requiring EVERY federal public servant to be bilingual. Even civil servants in Alberta, ALL were required to speak French, despite the fact that less than 1/20% or less of Albertans only spoke French! His legislation required EVERY label to be in both English and French.
Imagine the cost if your government, which likely has Spanish speaking civil servants in LA to serve Hispanics, required EVERY civil servant in America to speak both English and Spanish and that EVERY product required labelling in both English and Spanish. THAT is what Turd-owe did!
He was also a socialist, introducing all kinds of programs to help French Quebec, at the expense of English Canada.
Liberals in Canada are spenders, real Keynesians, and they are referred to as ‘Canada’s naturally governing’ party, since the have formed the government for most of the 20th century and 6 years in the 21st century. THAT is why we have a trillion dollar debt!
Another thing is the federal civil service gold plated pension. A civil servant earns 2% for every year he works in the government, so if she works 30 years, she gets a pension of 60% of the average of her best 5 years. That’s not bad. The ‘gold plating’ is that the pension increases by the Consumer Price Index each year!
So, if Ms. Civil Servant has a five year average salary of $100,000/year, she’ll get $60,000 pension in her first year. Let’s assume that after the Dhimmis are turfed out next year, inflation hits 10% in Canada. Dear Ms. Civil Servant will receive $66,000 in year two of her pension.
A Canadian federal civil servant’s pension will NEVER LOSE REAL VALUE, unlike yours and mine!
Wow!!! How can they sustain that? We already keep SS artificially low by not tying it to gas and other price increases, I think, God knows what we’d owe if we didn’t. I don’t know if its fair or not, not smart enough.
It isn’t sustainable but no politician has the stones to tackle it. Remember, 20% of workers in Canada work for a government or government agency, be it federal, provincial or municipal. That said, the best pension in Canada is a federal public service pension. Other government pensions are often only ‘silver-plated’.
I was told that the average civil service pensioner dies at 68. If correct, that may be how it could have been sustained so far.
A term is a maximum of five years. Additionally we have had fixed-date elections since 2006, meaning that a national election must take place on the third Monday of October in the fourth calendar year after the previous poll. (Which means this year.)
This of course does not stop the prime minister from asking the Governor General from calling an election at any other time, or an election being forced when the government is defeated in a confidence motion (such as failing to pass the budget). So, it's complicated, but at least we have a good idea when our next election is going to be if there are no surprises.
But how did they run up a trillion dollar deficit.
Where did you read the Canadian Federal Gov’t has a trillion dollar deficit?
DEBT I meant DEBT lol
So where did you read they have a trillion dollar debt?
The Canadian government debt, commonly called the “public debt” or the “national debt”, is the amount of money owed by the Government of Canada to holders of Canadian Treasury security. In 2013, this number stood at CAD$1.2 trillion across federal and provincial governments.
OK, you’re including provincial debt. You can look at the Liberals in Ontario for the answer to that one.
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