Getting the government you voted for:
The Canadian Taxpayer’s Federation’s national Debt Clock tour stopped at Ontario Place on Thursday highlighting the country’s debt is more than $1.1 trillion and growing every day.
The national Debt Clock is a digital counter on the side of a truck that shows the national debt going up in real time.
“It’s hard for most of us to imagine a trillion-dollar debt, but we know what it’s like to watch a bill going up in real time, and that’s exactly what the Debt Clock shows Canadians,” said Franco Terrazzano, federal director of the Canadian Taxpayer’s Federation.
“Canada’s national debt is already more than $1 trillion and it’s going up by almost $400 million every day. If a Canadian makes a two-minute YouTube video in front of the Debt Clock, that video will show the national debt go up by more than $500,000.”
The taxpayer’s federation says the debt is growing by $391.5 million every day or by $4,531 every second.
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Payments on the interest of Canada’s national debt will grow to $42.9 billion per year by fiscal year 2026-27, according to the budget released on Thursday.
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Prime Minister Justin Trudeau made good on his promise to make big banks and insurers pay extra to help cover the cost of fighting the pandemic in the form of a 15-per-cent tax on income above $1 billion in 2021.
Because everyone earns one billion dollars each year.
Let's start with Justin's family and their foreign accounts.
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The Liberal government’s 2022 budget includes about $15 billion in spending on major initiatives related to its supply and confidence deal with the NDP – enough to satisfy NDP leader Jagmeet Singh.
The Liberals cut back on some of their many campaign promises last fall and will not meet NATO’s defence targets in order to provide a declining debt-to-GDP ratio.
The federal deficit is now at $52.8 billion for 2022-2023, slightly less than expected in last fall’s economic update at $58.4 billion. Even though the government benefited from an additional $14.3 billion dollars thanks to inflation and high prices generating revenue in taxes, Freeland opted not to spend all of the extra money.
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Productivity is driven by businesses investing in new technologies, making work more efficient, thus increasing economic output, a key driver of living standards for Canadians.
David Williams, vice-president of policy at the B.C. Business Council, wrote recently that the OECD report predicts Canada’s real GDP growth per capita from 2020-30 will be just 0.7% annually, dead last among the 38 comparable nations of the OECD.
It doesn’t get much better after that, with the OECD pegging Canada’s growth per capita from 2030-60 at 0.8% annually, again last among OECD members.
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In the mean time, Hans Gruber (oh, he is!) does his best to stymy any face-saving measure the government has in renewing the energy sector it ruined:
A newly approved oil mega project will have to fit with cabinet’s emissions cap, Environment Minister Steven Guilbeault said yesterday. Guilbeault approved the US$12 billion Bay du Nord venture off the Newfoundland and Labrador coast: “It will have to fit under the cap.”
But it won't, will it, Hans?
Or are you a complete hypocrite?
The retired cabinet minister who wrote the Emergencies Act last night urged Parliament to examine carefully whether extraordinary powers were needed against the Freedom Convoy. Perrin Beatty, 71, wrote the law 34 years ago and never expected it to be invoked in his lifetime, he said: “Ask how we got to this point.”
Was it something he said?:
On Monday, Lethbridge MP Rachael Thomas was asked to weigh in after a Saskatchewan MP referred to Prime Minister Justin Trudeau as a dictator.
“According to the Oxford dictionary, a dictator is a ruler with total power over a country, typically one who has obtained control by force,” Thomas said. “There are many Canadians that would believe, that would hold the view, that this does apply to Mr. Trudeau.”
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Justin Trudeau has quit sharing his planned trips ahead of time to minimize protests. He flew to Vancouver without notice, and British Columbians organized a massive demonstration outside his hotel within hours. People really hate Trudeau. Photo: @DNSWilson pic.twitter.com/q2LlYK66or
— Keean Bexte (@TheRealKeean) March 30, 2022
But haven't you already assumed the power to take people's money on a whim?:
A bill working its way through the Senate would give Canada the authority to take Russian oligarchs’ ill-gotten riches and turn the money over to the rebuilding of Ukraine.
Oh, please.
The Liberals are far more corrupt.
Take their money.
Why, there must be an election in June:
The Progressive Conservative government introduced legislation on Monday that, if passed, would lower the gas tax by 5.7 cents per litre and the fuel tax — which includes diesel — by 5.3 cents per litre for six months.
The change would take effect on July 1 and end on Dec. 31.
How generous!
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