Tag Archives: federal budget

Federal budget

bill-morneauI don’t mind the budget deficit but the amount is to high. Our debt is around 600 billion and inflation is 2% with real growth of 2%. What the Liberals have done is maintain our debt to GDP ratio at the same amount or increased it. Allowing for the debt to go up 2% gives you a deficit half of what the government is going to do. The debt goes up at the rate of inflation so in constant dollar terms it’s frozen. Since there is real growth beyond that the debt to the size of our economy actually shrinks by a small amount. The pie plate gets bigger by 2% but the pie itself remains the same and so is smaller in relation to the plate.

Reduction of the debt to GDP ratio by attrition. These days it seems the idea of something in the middle is too moderate and we end up with going to far one way or the other. Either the constipated fiscal conservatives or the “let it flow” liberal spenders.

Olivia Dorey

oliviadoreyOlivia Dorey

The budget is done in budgetese for the same reason that legal is done in legalese. The purpose is to deny outsiders the ability to understand and where possible access too the sacred writings that is restricted to only the members of the ordained priesthood. I wish her all the luck in the world she is going to need it. This is why I founded the Federalist party of Canada. If you wont to change this kind of crap you are going to have to start with the political parties themselves. In the way they are operated by insiders is no different. The tag-line says it

If you wont our politics to change you must first change our political parties.