The fact of the matter is that most voters only want spending cuts for items that they consider non-essential. Of course, the definition of non-essential varies so widely that the preferences of each voting bloc pretty much creates a log jam effect whereby no significant spending cuts can ever be implemented.
The report, to be released Thursday by the C.D. Howe Institute, says the Carney government’s spending review will only include about one-third of all federal program spending and is expected to save no more than $22 billion by 2028-29. The think tank says that’s less than half the $50 billion in savings that are needed to return federal government coffers to “a fair and prudent path” that would see Ottawa’s debt-to-GDP ratio stop climbing.
Animal Farm: the pigs must maintain their entitlements?
its coming folks aaaaaand its a DOOZY.
what is it precipitates hyperinflation? always there in history?
debt. mounting debt. debt past the tipping point. accelerating, ‘solved’ with higher
interest rates. then more new debt. zimbawe currency using scientific notation debt.
crushing inescapable debt. your ‘currency’ your means of conducting ‘commerce
AINT WORKING ANYMORE.
what will the American figure be when they finally fold? 250 trillion? lets tap that out:
$250,000,000,000,000.01
oh look!!! 1/4 of a quadrillion bucks !!!! wheeee !!!! we’se all rich !!!!
and if lm still around lm going to remind its all those LIBERALS fault for picking the likes of the TURDeau and his rapaciousness put us firmly on the path. so go ahead CanaDUH lm done with YOU (and all your lying thug bully cops).
The only thing governments should be doing is infrastructure, policing, courts and the military.
The only thing governments should be doing is self-immolating.
FTFY…
What kind of infrastructure? You mean like the high speed rail that California is “building”?
When everyone is essential, no one is essential.
Cut at least one-third of staff. Period. Every department. The poor dears leftover will survive, they will just have to WORK.
Cut at least one-third of staff.
Not even close. 50%, minimum. And that’s only a starting point.
Meanwhile … here in the somewhat fractured Blue and Red States of the BadOrangeMan … the Dow was UP UP UP nearly another 500 points AGAIN today … after yesterday’s massive gains. Why? … Why is the US stock market soaring on GOOD inflation news? Because investors anticipate the FED will start dropping interest rates, bigly … and they KNOW the American economy is going to EXPLODE when rates come down. They’re betting on America. They’re betting on the BadOrangeMan’s Tarriffed economy. They’re betting on good paying middle class manufacturing jobs getting repatriated to America. They’re betting on salaries increasing as we repatriate tens of thousands of the illegal aliens who came here at Biden’s invitation.
https://www.kiplinger.com/investing/stocks/dow-jones-adds-463-points-as-rate-cut-odds-rise-stock-market-today
Meanwhile … Canada stands for exactly the OPPOSITE of that. Exactly the OPPOSITE of prosperity for ALL. I weep for your communist nation. You’re now the ‘C’ in the BRIC’s … along with your benefactor Communist China. Communist Brazil. Communist Russia. And Communist India (your immigration partner). Enjoy the decline. Enjoy your Net Zero implosion. Take solace in your greenness. I’ll take solace in my stock market GREEN.
You can look it up … I counseled you all to BUY BUY BUY the FAKE dip engineered to make Trump look bad. I told you BEFORE the dip. I predicted the DIP … easiest investing I’ve ever done.
I wouldn’t put it past Powell to block a rate cut in September.
Yeah maybe….but Powell will be a lame duck when Trump appoints a new Fed Chair. The market will take its direction from the new Chair….not Powell
AND, the influx of investment into the US is HUGE….meanwhile Canadians invest more OUTSIDE of Canada (most in the US) than foreigners invest IN Canada.
“ The fact of the matter is that most voters only want spending cuts for items that they consider non-essential.”
Which is why liberals and communists (but I repeat myself) want as many people dependent on government as possible.
“Someone who proposes to rob Peter to pay Paul can always count on the support of Paul.”