Liberal Party of Canada deficit will almost double in size from $14 billion to $27 billion – September 30, 2019,
So Prime Minister Blackface and his gender-balanced cabinet, rely on the media primarily to sell Canadian voters on the illusion that they’ll be fiscally responsible. The problem with the Liberals being fiscally responsible is that Finance minister and current Prime Minister Justin Trudeau both come from positions of privilege. Neither can really understand poverty nor can either one of them comprehend deficit spending. Now, you can simply listen to the answers given by Justin Trudeau’s cabinet ministers to understand that most of them have no idea how deficits work.
Now, when the average individual goes into debt they do so with the assumption that that not only will the debts be paid back quickly but they’ll have more money and assets after they pay off the debt than they did before they qualified for the debt. Unfortunately, when a person goes into debt, unexpected events usually occur, maybe they lose their job or their job gives them fewer hours, maybe something they thought was an asset like a car or a house actually turns into a liability, because after all an asset requires maintenance and paying to maintain something while you’re already in debt prolongs the length in which you remain in debt and then, of course, there’s the dwindling possibility of an interest rate hike from the Bank of Canada.
Candidate Justin Trudeau deemed it wise to deficit spend while interest rates were low, assuming I guess it would be easier to pay back? Well, unexpected things have happened while Trudeau was PM and the deficit has grown, not shrink and this is occurring while interest rates are low. Now, the article I point to below, mentions the same thing I’ve been writing about for years, a Green new deal or a Green new economy is expensive and the reality of the situation is Progressive politics makes a Green ne economy even more expensive. During the early stages of fossil fuel boom, everything about it was cheap, wages were cheap, fossil fuels were cheap, delivery as cheap and the competition was fierce all of this resulted in cheaper prices for consumers, I forgot to add regulations were also not as stringent as they are today.
One of the ways Justin Trudeau’s federal government has decided to tackle climate change is a Carbon Tax, now a carbon tax hurts manufacturers in Canada, it’s also a problem for Income tax-paying corporations like Loblaws Inc. it’s such a problem that Trudeau assisted them in purchasing energy-efficient refrigerators. Now, if the government has to subsidize a rich company like Loblaws Inc. what makes Trudeau think that smaller companies aren’t having problems adjusting to his progressive policies. Again, it’s important to understand that deficit spending is spent on the Public Sectors, even the public sector projects are for the betterment of the Private Sector it’s not a guarantee that the private sector will see a net benefit from a public sector project.
As a private citizen, I stay as far away from the government as possible, why? Because the government is expensive and anything the government regulates is expensive and can really complicate your taxes. When the government makes laws to benefit a particular industry, there’s obviously an assumption by the government that picking economic winners and losers don’t have any side effects. Let’s call it for what it is if Prime minister Blackface had economic growth without deficit spending, I wouldn’t have much to complain about, nobody would, but Trudeau hasn’t grown the economy he’s destroying it and he’s also trying to alter the tax code to hurt the middle class, because in case you haven’t been paying attention, the super-rich don’t pay the higher taxes, because most rich people have the ability to change their spending habits or defer spending while a Progressive politician is in power.
Justin Trudeau targets billionaires, tech moguls at secretive Sun Valley conference – CBC
Theft is theft and unless Trudeau plans on implementing Venezuelan style socialism, reshaping the tax-code in Canada will do nothing more than make capital flee Canada, which again will put increased pressure on our central bank and could cause a decline in the Canadian dollar which is then felt by Consumers when they pay higher prices, this would all be happening during a period of stagnant wage growth, inflated rental and real estate prices, lower interest rates and decreases in Savings.
Again I have to remind Canadians that Canada has a better quality of life than the United States, the Loonie should actually be on par if not higher than the Greenback, the reason the Canadian dollar is low is because we’re currency manipulators. We have a bloated public sector and we pay for this bloated public sector with artificially low Canadian dollars.
This is the reason why there hasn’t been any wage growth, the wage growth in Canada actually occurred in the 1990s and it’s been stagnant because the size of government has grown and become more expensive, you see if CMHC as an example didn’t start becoming an insurance for mortgages and if it wasn’t working in conjunction with the Bank of Canada to prop up the housing market, real estate prices would be based on what consumers could afford, which be inline with the wages. This is not to say that there wouldn’t be a housing market boom, however, if it was market-based, Canadian taxpayers wouldn’t be subsidizing it.
In case people aren’t paying attention a lot of the infrastructure projects in Canada are going to real estate development, that only a few people are benefiting from. CONSTRUCTION has been a major beneficiary of deficit spending. Even Montreal is now having a Condo problem, now condo construction isn’t based on market Canadian consumer demand, most Condos are being hoarded by people are using them as investments and because Condos are being built where rental housing should be rental prices are soaring and the problem with high rental prices is that it shrinks consumers purchasing power, it doesn’t allow consumers to save and it becomes a huge problem as it leads to unexpected problems, that I can’t predict.
Automation and technology actually works best in a competitive market with fewer regulations, if people aren’t paying attention, big tech is trying to keep the competition out, one of the best ways to ward of competition is for Big tech to raise the barrier of entry, this is in case you didn’t know why Big-tech has merged and formed relationships with Labor Unions and the Leftist Governments. There are hundreds of renewable energy solutions already, ready for market, however, if these green inventions make it to market in a similar fashion to Nuclear energy and word spreads that the cost of living is high primarily because of the government, well a lot of these multinational corporations lose their power overnight. Facebook, Twitter, Google they all fear to become the next Nokia or the Next Blackberry.
If people remember competition took out Blackberry, competition took out Myspace, Facebook and Twitter are using the government to monopolize their market share, in several different countries laws have been created to prevent competition from emerging to compete with Google, Facebook, and Twitter, I write this to remind readers that having more options is how you end poverty, fewer options lead to more poverty and fewer options are created when countries are in debt and therefore serving their multi-national corporate leaders.
Now, from my standpoint, it’s easy for me to see that Climate Change and characters like Prime Minister Blackfaceare nothing more than Globalist puppets, however, the average Canadian disagrees and it’s because of this why I believe that Canada may simply have to learn things the hard way. Below is just one of the many renewable and clean energy solutions that are already, ready for market consumption.
Toronto recently surpassed New York in murders per capita, people’s minds think differently when they can’t pay their bills, then to compound the problem the Liberals assume mass migration will be a quick fix, but the problem stems from a bloated public sector which will have to become even larger to accommodate an influx of migrants many of whom will need years of public serviced training to be ready for Canada’s job market. Austerity measures, of course, are viewed as something that should never be done, so this is why if Canada gives Prime Minister Blackface a second term, we could be headed for interesting economic times. Anyway again Canada behold your leader
Below is a Toronto Star article and let me make something clear to the reader, even Leftists know how stupid Justin Trudeau and his cabinet are, the problem is they’re media is dying and becoming less relevant so similar to a person in debt hoping to hit the jackpot, the Left-leaning mainstream media in Canada is hoping and praying for a miracle, so even when they’re faced with blatant corruption they’ll excuse it, in hope that the economy will simply fix itself one day. SCARY STUFF!
THeather Scoffield: Margin of error around Liberal revenue estimates is enormous | Thestar.com
Interesting times ahead