Northern Light
Superstar
Measures to combat auto theft:
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PM Justin Trudeau's Canada
- Thread starter King of Kensington
- Start date
Northern Light
Superstar
VIA Rail and HFR:
Long Distance Fleet Replacement.
Long Distance Fleet Replacement.
Northern Light
Superstar
Defense:
A massive upward surge in budget, but not until next year.............bu then 3 successive years of less than inflationary increases....
Not sure what, if anything varies or adds detail to the pre-budget announcement
A massive upward surge in budget, but not until next year.............bu then 3 successive years of less than inflationary increases....
Not sure what, if anything varies or adds detail to the pre-budget announcement
Northern Light
Superstar
A fiscal chart, I will explain below:
First year (left) is 2023-2024, second column form left is current year and so on.
In Plain English:
Top Row is Annual Deficit
Middle Row is Annual Deficit as a percent of GDP
Bottom Row is Debt (total on which we pay interest) as a percentage of GDP
First year (left) is 2023-2024, second column form left is current year and so on.
In Plain English:
Top Row is Annual Deficit
Middle Row is Annual Deficit as a percent of GDP
Bottom Row is Debt (total on which we pay interest) as a percentage of GDP
christiesplits
Senior Member
I'm reading this correct, the Trudeau government has funded the military higher than Harper?
Northern Light
Superstar
If the metric used is CPI, the last Harper Defense Budget would be 23.6B this fiscal year, where the Liberals are at 33.8B
If the metric used is percent of GDP - The last Harper budget would be at 1.16% of GDP, this years will be in the range of 1.38%
kEiThZ
Superstar
They have. But the share spent on equipment has fallen effectively leading to rust out accelerating. Hence the crisis in the military.
Also, some of it is accounting magic, with the Liberals choosing to change definitions and refusing to report past spending with the same metrics.
Will add future promises aren't worth much. The previous Liberal defence policy has defence spending in the current year much higher than it actually is. Always easy to kick the can down the road with a new policy.
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kEiThZ
Superstar
Gotta say, if that was the best the LPC have, they are toast. This budget isn't moving much in any timeframe that will matter to anyone worried about a specific issue. Be that housing, productivity, taxes, etc
afransen
Senior Member
Technically tax and rebate is a less efficient mechanism. The rebate is for political expediency. The more economically efficient approach would be to use carbon tax revenues to reduce other taxes, like income tax.
kEiThZ
Superstar
And that's the approach taken in BC. People forget that provinces have the choice. It's just that 8 of 10 provinces refuse to have compliant plans and fell onto the federal backstop.
afransen
Senior Member
Canada's GDP should be right around CAD$4T in 2030, so $50B in spending on the military is still only 1.25%.
afransen
Senior Member
Even plainer English:
We'll keep spending more than we earn, but our debt will grow less quickly than our income. Assuming no recessions or other adverse events in the next half decade.
kEiThZ
Superstar
Tanking the economy while keeping spending the same. One way to meet our commitments. Lol.
Also, these absolute dollar discussions never take into account inflation which impacts the military substantially.
Admiral Beez
Superstar
But any government actuary would have forecasted this exposure. We can’t act like we’re surprised now. The Feds should have been either increasing the allocated funds and/or decreasing the benefits before now. It’s government incompetence and procrastination that got us here, not Canada’s seniors.
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lenaitch
Senior Member
An odd line item for a budget. Like most other proposed Bills that show the government of the day is 'taking X seriously', many of proposed new offences are already covered by existing criminal law.
Theft + violence = Robbery
Links to organized crime - already in there
Proceeds of crime - already in there.
I don't know the Radiocommunication Act that well, but regulatory changes are typically a Cabinet decision. They could have done that after lunch on any scheduled Cabinet day,
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