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  1. #1
    Canadian ForcesMember Billythreefeathers's Avatar
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    Justin Trudeau won't commit to balanced budget right away, blames Stephen Harper

    Justin Trudeau won't commit to balanced budget right away, blames Stephen Harper

    http://www.cbc.ca/news/politics/cana...aug7-1.3182882

    Liberal Leader Justin Trudeau isn't ruling out a deficit budget were he to become prime minister, blaming the Conservatives for making a "mess" of the federal books.

    At last night's leaders' debate, Conservative Leader Stephen Harper admitted Canada is likely in a recession. Pressed by NDP Leader Tom Mulcair who noted there has been five straight months of a shrinking economy ó six months, or two straight quarters, is the official definition of a recession ó Harper acknowledged it.

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    Until that moment, Harper had avoided saying it, pointing to projections that Canada will see overall growth for the year (the last two quarters are expected to be better than the first two).

    "I'm not denying that," Harper told Mulcair. "What I am saying is that that contraction is exclusively in the energy sector. The rest of the economy is growing. It's projected to grow this year and into future years."

    The parliamentary budget officer projects a $1-billion deficit for 2015-16 due to lower revenue because of the decreased GDP. That's a small deficit given Canada's $290-billion federal budget.

    'Committed to balanced budget'

    Many economists argue a small deficit is not a problem for the economy, particularly when it is shrinking and may need some increased spending as a boost. But the Conservatives have made balanced budgets a key policy issue and maintain the NDP and Liberals are less committed to that goal, arguing the other parties would take on too much federal debt.

    On Friday, Trudeau said in Toronto that he couldn't commit to a balanced budget immediately if he becomes prime minister.

    "The Liberal Party recognizes that Stephen Harper has put us in deficit right now. We are committed to [a] balanced budget," he said.

    "But how long it takes to get there will depend on the size of the mess Mr. Harper has left behind."

    The Liberals have long argued that the Conservatives aren't transparent in their budget documents.

    '2nd recession on his watch'

    Mulcair said his goal in the debate was to show Harper's economic plan isn't working.

    "We are now, and Mr. Harper finally admitted it last night, in a second recession on his watch," the NDP leader said.

    Harper, speaking in Oshawa, Ont., said 80 per cent of the economy is healthy and growing.

    "The question is what do you do? We say you stick on the low-tax plan that has had us as world leadersÖ. what Mr. Mulcair would do is propose out of control spending" and permanent deficits, Harper said.

    Harper didn't mention Trudeau in his response on the economy.
    CSSA

  2. #2
    Canadian ForcesMember Billythreefeathers's Avatar
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    CBC home of the Justin fan club

    and by the way CBC you forgot to mention Justin's plan,, 'the budget will balance itself'
    CSSA

  3. The Following User Liked This Post By Billythreefeathers

    chrisc (08-08-2015)

  4. #3
    Have gun, will travel. Forbes/Hutton's Avatar
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    Jar-Jar Trudeau.

  5. #4
    Senior Member
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    Last I checked the NDP, Liberals and Bloc forced the deficit on Canada with their coalition threat to take power.

    And the way Mulcair tells it, only Canada went into recession in 2008. That one, and this technical recession both resulted from EXTERNAL forces, out of Harper's control.

    This "recession" is temporary and may already be coming to an end.

    The finance department said there was a $3.9 billion surplus over the first 2 months of fiscal year 2015 (April and May), exports jumped 6.3% in June, 6,600 jobs added in July.

    Exports jump
    https://www.biv.com/article/2015/8/c...ports-63-june/

    Surplus
    http://www.cbc.ca/news/business/otta...year-1.3162993

    Jobs
    http://business.financialpost.com/ne...0-jobs-in-july

  6. #5
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    How do they calculate jobs and unemployment? They seem about as credible as the LGR data.

  7. #6
    Senior Member Pizzed's Avatar
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    Funny how Harper's bus blocking a bike lane in Toronto makes the 'news' yet JT and the topless photo gets a complete pass......

    http://globalnews.ca/news/2153197/ha...ntown-toronto/

    http://www.cbc.ca/news/politics/harp...onto-1.3182473

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