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How Trudeau is leading Canada to bankruptcy

proIsrael-nonIsraeli

proIsrael-nonIsraeli

Legendary Member
Brace for canadians when u got a clown PM.
What a failure is this trudeau with small t .




February 14, 2018Prime Minister Trudeau’s Bad Balance Sheets are Bad News for Canada
Prime Minister Trudeau’s Bad Balance Sheets

A balance sheet is a snapshot of what’s owned and what’s owed. The snapshot can be applied to consumers, governments and the private sector. I think most of us understand the concept.
But should we care about the health of Canada’s balance sheets?
If consumers, governments and the private sector load up on debt during the good times, then they struggle to repay those debts when the economy takes a turn for the worse.
Forecasters have done a poor job in estimating when collapses will actually occur, but they will occur and make no mistake about it, there will be economic and social consequences, including a further proliferation of user fees.
We will then have to decide what we can and cannot afford, and also accept a lower standard of living with higher unemployment as the marketplace forces us to take steps to strengthen our balance sheets.
Having a strong balance sheet, on the other hand, is the key to surviving a downturn. Strong balance sheets go hand and hand with the sustainability of social programs and safety nets.
So how are we doing?
Canada’s debt and deficit
Combined federal and provincial net debt nearly doubled from $833 billion in 2007/08 to a projected $1.4 trillion in 2016/17. This combined debt equals 67.5% of the Canadian economy or $37,476 for every man, woman, and child living in Canada.
Canadian governments (including local governments) collectively spent $62.8 billion on interest payments in 2015/16. That works out to 8.1% of total government revenue that year and $1,752 for each Canadian. The total amount spent on interest payments is approximately equal to Canada’s total spending on public primary and secondary education ($63.9 billion, as of 2013/14, the last year for which we have finalized data).
This is a far cry from the Prime Minister’s election campaign vow to balance the public books before the end of his government’s four-year mandate — a pledge that was central to the Liberal election platform.
While the PM is not responsible for the finances of every province and municipality, his government is setting the pace.
Simply put, we are over leveraged.
Household, personal debt levels in Canada
The OECD reports Canada’s household debt-to-GDP ratio had ballooned to 101 percent — significantly higher than any of the 35 developed and developing countries the OECD monitors.
The rapid accumulation of household debt for Canadians leaves our economy particularly vulnerable to shocks. Even a modest increase in interest rates will leave many Canadians in trouble.
The Private Sector
There’s a misconception that companies are cash rich while, in fact, they are actually drowning in debt.
In June 2017 the Canadian Centre for Policy Alternatives (CCPA) reported corporate debt increased $671 billion the past six years.
Canada now leads advanced economies in private-debt accumulation, which is one of the best predictors of economic crises, according to CCPA economist David Macdonald, the author of the Report.
A few strong companies do hold cash but debt is ballooning at other, weaker businesses, as investors rush to lend them debt-based investment capital.
These investors could face losses, perhaps significant losses, if economic growth falters. The broader economy is also vulnerable because companies with more debt have to cut back whenever downturns hit.
Economic Warnings
The government is leading us into a high risk dynamic in which we are a small fish in a big interconnected pond with significant branch plant ownership. Planned Liberal tax and regulatory changes will weaken balance sheets, putting us out of sync with major trading partners, especially the U.S.
As Canada changes risk to reward ratios downward, investment capital and talent pools will decide to go elsewhere or choose not take on the risk of starting and growing businesses in Canada.
As a case in point, the federal government is now advancing tax policy changes that adversely affect the small business community’s ability to grow and prosper. Insights into these negative changes are outlined in a new statement entitled, ” Coalition for Small Business Tax Fairness reacts to the federal government’s revised tax proposals.”
In January, 2018, Ontario increased its minimum wage an unprecedented 20 percent. This was followed by the loss in January of 59,000 part time jobs in Ontario. Across the Nation 137,000 part time jobs vanished, the biggest job decline in 9 years.
Also in January, the Bank of Canada increased the central bank rate by another quarter percent, the third increase since last summer. The Bank’s Governor, Stephen Poloz noted some economic warning signs, including uncertainty over the NAFTA Trade deal and that trade-policy uncertainty is expected to reduce investment by two percent over the next two years while in the past 16 months new foreign investment in Canada has fallen.
Canada’s Balance Sheet has been in decline for the past six months according to the Bank of Canada and the Bank warns that it is likely to continue to fall.
Faced with these realities, we need a Prime Minister who is focused on strengthening, as opposed to weakening, Canada’s balance sheets.
John Reid, Pres. & CEO, CATAAlliance, Canada’s One Voice for Innovation lobby group
I do not judge Canucks.
We needed two terms of Obama to wake up.
Let's hope that Canucks are smarter and they will need only one term of Trudeau.
 
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  • Manifesto

    Manifesto

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    Breaking News: Justin Trudeau’s fashion photo ops...interrupted by official state visit!
    (Kathryn Kates, a journalist) :D

    The guy is becoming a serious joke.... I don't know if there is anyone left with some brain in the Liberal party to see that it is time for him to go home...

    Justin Trudeau moqué pour sa diplomatie de la mode en Inde | Asie & Océanie

    I honestly don't see anything wrong with that.
    I mean yeah maybe he went a little overboard with the outfits and everything, but that's just Trudeau being Trudeau.
    Kate Middleton and Prince William wore cowboy hats on their trip to he USA.

    I don't understand the backlash.

    People just seem bent on hating the guy for no reason.

    #iloveyoutrudeau #keepondancing


    @Indie you live in Canada, right? Maybe you can shed some light on this.
     
    Manifesto

    Manifesto

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    @kmarthe Check out the dance! :hilarious:

    Gosh, this man has great genes. You could dress him in a potato sack, make him dance the Macarena, and he'd still look sexy. Ma heik @Isabella?
     
    kmarthe

    kmarthe

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    I honestly don't see anything wrong with that.
    I mean yeah maybe he went a little overboard with the outfits and everything, but that's just Trudeau being Trudeau.
    Kate Middleton and Prince William wore cowboy hats on their trip to he USA.

    I don't understand the backlash.

    People just seem bent on hating the guy for no reason.

    #iloveyoutrudeau #keepondancing


    @Indie you live in Canada, right? Maybe you can shed some light on this.
     
    Indie

    Indie

    Legendary Member
    Orange Room Supporter
    I honestly don't see anything wrong with that.
    I mean yeah maybe he went a little overboard with the outfits and everything, but that's just Trudeau being Trudeau.
    Kate Middleton and Prince William wore cowboy hats on their trip to he USA.

    I don't understand the backlash.

    People just seem bent on hating the guy for no reason.

    #iloveyoutrudeau #keepondancing


    @Indie you live in Canada, right? Maybe you can shed some light on this.
    It's simple, really. As a prime minister, he is all show and no substance. It is condescending that he thinks such theatrics will fool people, in this day and age. People don't like their intelligence being insulted.

    He took his entire family on an 8 day, government funded trip...for 1 political appointment. And it looks like they spent more time and energy on putting outfits together than on doing actual work that would benefit either country. Perhaps this was just a big show to attract Canadian-Indian voters for the next elections. Unfortunately for him, the Indians weren't any more impressed than the Canadians. They don't like being taken for fools, either.

    Not to mention the hypocrisy of liberals shouting "cultural appropriation" left and right, and having their leader behave this way.
     
    Manifesto

    Manifesto

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    It's simple, really. As a prime minister, he is all show and no substance. It is condescending that he thinks such theatrics will fool people, in this day and age. People don't like their intelligence being insulted.

    He took his entire family on an 8 day, government funded trip...for 1 political appointment. And it looks like they spent more time and energy on putting outfits together than on doing actual work that would benefit either country. Perhaps this was just a big show to attract Canadian-Indian voters for the next elections. Unfortunately for him, the Indians weren't any more impressed than the Canadians. They don't like being taken for fools, either.

    Not to mention the hypocrisy of liberals shouting "cultural appropriation" left and right, and having their leader behave this way.
    @Indie @kmarthe

    I agree that his Bollywood outfits were a bit too costumey and tacky. It's a political trip not a dress-up party.

    I think the proper outfit would have been an anti-contamination suit. India is the world's filthiest country.
     
    kmarthe

    kmarthe

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    @Indie @kmarthe

    I agree that his Bollywood outfits were a bit too costumey and tacky. It's a political trip not a dress-up party.

    I think the proper outfit would have been an anti-contamination suit. India is the world's filthiest country.
    It is not the outfit as such, but the out-of-touch approach that this guy has in politics and that is illustrated through this outfit maskhara show. We are running into HUGE deficits that will take decades to compensate with increasing household debt and taxes. It is like you are handing a clown you invited for entertainment at your party the responsibility to manage your business and your life.... The Trudeau dude is the joke of the hour.... Poor Canada!
     
    Indie

    Indie

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    @Indie @kmarthe

    I agree that his Bollywood outfits were a bit too costumey and tacky. It's a political trip not a dress-up party.

    I think the proper outfit would have been an anti-contamination suit. India is the world's filthiest country.
    Let's go on a date. To an Indian restaurant :)

    Yum...Indian food :)
     
    Manifesto

    Manifesto

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    Let's go on a date. To an Indian restaurant :)

    Yum...Indian food :)
    I've been meaning to ask you out on a date for quite some time. Glad you gave me the green light.

    PS. I'm having Chicken Biryani as we speak ;)
     
    Manifesto

    Manifesto

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    It is not the outfit as such, but the out-of-touch approach that this guy has in politics and that is illustrated through this outfit maskhara show. We are running into HUGE deficits that will take decades to compensate with increasing household debt and taxes. It is like you are handing a clown you invited for entertainment at your party the responsibility to manage your business and your life.... The Trudeau dude is the joke of the hour.... Poor Canada!
    I looked more into the story, and it looks like he invited a Sikh terrorist to dinner, which is a huge faux-pas in a country ridden with Sikh separatist insurgency. I guess that's why the media described his trip to India as disastrous.
     
    SeaAb

    SeaAb

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    Super Penguin
    Japan nervously awaits Justin Trudeau's state visit. :cool:
     
    HannaTheCrusader

    HannaTheCrusader

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    seems not all canadians are dumb after all

     
    Mighty Goat

    Mighty Goat

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    Curbing muslim immigration is the way to go. The world should wage a cultural and political war against Islam, until it is completely isolated.
    In Canada it is more about race. The Syrians are white. They are not Muslim.The Muslim national identity is a Pakistani identity constructed by The British and their Saudi Allies the Sunni Wahabi Salaf. Canada construts a Muslim in the same way Hitler constructed a Jew. This is because the Anglo concept of national sovereignty and sovereign identity is confessional.
     
    Mighty Goat

    Mighty Goat

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    Curbing muslim immigration is the way to go. The world should wage a cultural and political war against Islam, until it is completely isolated.
    In Quebec however race is defined by language..
     
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