Skip to main content

I knew something stunk about the Conservative's surplus

Where's the bodies?
In this case, where's the expected deficit?
The Ottawa Citizen has the answer.
$8.7 billion went unspent by the government, this year, which clawed back this money from programs and services across Canada after it had already been allocated for spending.
That's bad. That's actually incredibly irresponsible. It's damn near criminal.
I know my own family had work relying on federal monies this past summer, and then the money simply vanished, and the bottom fell out of our plans. We really had to scramble about these past few months after we had expected to be working.
And if my family was hit by this, then I can imagine hundreds more families like mine were also affected by this, and hundreds of businesses, too. That's thousands and thousands of workers. That's real money that's disappearing from the economy. That's work that disappears, and jobs that are lost.
What's worse is the government clawed back $8.7 billion from the real economy, and they still only had a $1.9 billion surplus. That's laughable.
News organizations were quick to bury the stories of the $1.9 billion surplus, probably because of this news. $8.7 billion is a huge number, and people, even dim ones like me, can put two and two together, and end up with the answer it was the government that robbed me of work.
At any rate, shows what I know. I underestimated this government, big time. I had thought they'd fudged $3 billion at most. $8.7 billion, on the other hand, is more than twice my estimate, and is nearly impressive.
All this money disappearing from the real economy also probably explains Canada entering into recession, recently. Well, to be honest, Canada's recession probably has a few contributing factors, such as the Chinese stock market crash, and the low price of oil. But with proper controls in place, Canada shouldn't have been experiencing too much turmoil from those events. Not that Canada has those proper controls, but whatever.
In a nation full of fresh water lakes and rivers, we should be able to find at least a paddle to steer the Canadian economy away from trouble, right? A couple of J strokes, and we're sailing clear of trouble.
Anyway, this is the sort of decision that actually hurts people. I hope people make the Conservatives hurt in return at the voting booth.

Comments

Popular posts from this blog

Private Equity is a TERRIBLE Investment... Who Keeps Giving Them Money? — How Money Works

Not too much to comment. Business in the USA and by extension Canada is bad right now. Probably for a generation. We really do need a generational plan to get us out of this mess. A ten to twenty year program, unfortunately. Placing pieces onto the board and moving them where they need to be to make things work again. By pieces, I mean people. We need good strong policies to implement as well. There's a lot to think about.

The way forward

I've been a in deep, deep depression these past couple years. I'm naturally manic-depressive, but I've also been genuinely sad, without an inkling of what I've needed to do in my personal life. I've been lost, and I've lost some friends. Well, I'm still lost, but I'm emerging from my sadness. I've taken a lot of time to think whilst in my funk. I'd been thinking, "How do we extricate ourselves out of this mess we've placed ourselves? What is the way forward?" I've found no answer. There's no clear path forward. There's no strategy, no long term plan that can really account for every possible setback that will occur. I suppose that's true of all plans, though. "Plans are worthless, but planning is everything." The solution then, I guess, is we need to wing it. Improvise. Get tough, and push forward. Suffer the pains from the blows we will receive, without flinching. Start moving forward to a place we wan...

Carney speaks after capitulating to Trump's demands

Dunno how else it can be explained other than capitulation. Carney, you weren't elected to kowtow to Trump. You were elected to stand up to him. Canadians may even start to get buyers remorse for ditching Trudeau for you when he showed far more backbone than this. At least he cared more about Canadian sovereignty than this act. What exactly have you extracted for this? What benefit did this provide for Canadians compared to the billions in revenue Canada stood to gain from the Digital Services Tax as well as protecting Canada's ability to create its own taxes?