[Newsbot]

Title: Soaring deficit undermines confidence in finance minister, say Liberals
Category: Political
Posted By: WDHIII
Date: 2009-05-27 09:46:59
Canadian

[stokes]

These clowns wanted deficit spending during this crisis to help "Canadians", I think they just wanted to help themselves to create controversy...assholes!!!

[uwish]

I agree, before the coalition the government's put forth a budget with little to no stimulus (aka deficit) spending. Then the coalition of three stooges, so the government did what they wanted, spent like drunken sailors. Now they have the gall to complain about it.

How very typical.

[Robair]

"Soaring deficit undermines confidence in finance minister"

So did cutting the GST.

[stokes]

Increasing the GSt wont make the numbers any better, besides who would want their taxes going up? Also the government would be losing moniey anyway since less people are working.

Almost sounds like gotcha politics to me!!!

[sandorski]

The Dude has been wrong all along. I really don't see anything in him worth giving Confidence.

[Robair]

stokes stokes:

Increasing the GSt wont make the numbers any better, besides who would want their taxes going up?

I didn't say anything about increasing taxes. He cut the GST long before this economic storm hit. Most economists said that was a stupid thing to do. I thought the same.

When this economic shit storm hit, the government had depleted coffers to deal with it. Partly due to the GST cut.

[Proculation]

I have a great video of Maxime Bernier talking about the crisis and the deficit. It is in french tho... He says that the government will have to make a deficit because if they don't, they will loose power. But he also says that he is very against a deficit and the "stimulus" plans. He says that's like taking water at the bottom of a pool and dropping it in the other end of the pool.

That's exactly what I think.

Keynes was wrong decades ago. Get over it. Look at Japan.

[stokes]

Robair Robair:

stokes stokes:

Increasing the GSt wont make the numbers any better, besides who would want their taxes going up?

I didn't say anything about increasing taxes. He cut the GST long before this economic storm hit. Most economists said that was a stupid thing to do. I thought the same.

When this economic shit storm hit, the government had depleted coffers to deal with it. Partly due to the GST cut.

My point is that even if they had kept everything financially the same, we would still be in a deficit regardless as surpluses were never large enough to overcome this recession.

Having said that, I have not noticed any difference in the amount of money in my pocket despite all of these tax cuts, but I am 100% certain if the Libs get relected I will notice a decrease!!

[Robair]

All I said was cutting the GST undermined my confidence in the finance minister.

In good times, why the hell would you cut the GST? Tax cuts are done for economic stimulus, the economy was red hot at the time. Canada was still in debt, why would he cut the GST?

Politics, that's why. I'm never impressed by politicians who make the political choice instead of the smart one.

[Proculation]

Cutting the GST was a political move. It was not a good thing at all. A tax credit would have been much better.

[stokes]

Right or wrong I think their goal was to return money to Canadians, do I think it accomplished this task, No, but at least they tried. I dont hink the government should be running a surplus and should return extra money to the tax payer, they should budget for debt repayment.

[Robair]

No rainy day funds required, huh?

[OnTheIce]

Robair Robair:

No rainy day funds required, huh?

You can't have a 'rainy day fund' when you owe billions and you pay billions on that money owed.

It makes more fiscal sense to pay off your debts and dip back into debt if there's a need.

[Robair]

Agreed, but according to stokes any unexpected revenue should be returned to the taxpayer, even if the country is still in debt.