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dwot (99.50)

Canada 10 year budget

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March 10, 2010 – Comments (7)

I found an interesting post that give 10 years of federal budget data for Canada.

Over the 10 years the tax revenue is up almost 43%, but the expenses are up almost 78%.  This is terrible.

Look at this:

Paul Martin's last budget:

 Presented February 23, 2005, by Liberal Finance Minister Ralph Goodale, for Prime Minister Paul Martin.

Budget surplus: $13.2-billion

Federal debt: $481.5-billion

Stephen Harper's first budget (which is still likely Paul Martin's as Harper was only in office 3 months):

Presented May 2, 2006, by Conservative Finance Minister Jim Flaherty, for Prime Minister Stephen Harper.

Budget surplus: $14.2-billion

Federal debt: $467.3-billion

His second:

Presented March 19, 2007, by Conservative Finance Minister Jim Flaherty, for Prime Minister Stephen Harper.

Budget surplus: $9.6-billion

Federal debt: $457.6-billion

His third:

Presented February 26, 2008, by Conservative Finance Minister Jim Flaherty, for Prime Minister Stephen Harper.

Budget deficit: $1.1-billion

Federal debt: $458.7-billion

His fourth:

Presented January 27, 2009, by Conservative Finance Minister Jim Flaherty, for Prime Minister Stephen Harper.

Budget deficit (as projected by budget 2009): -$33.1-billion

Federal debt: $492.1-billion

Canadians already know this deficit figure will rise to as much as $56-billion for 2009. 

 

There are no acceptable words to describe the degree to which I dislike Harper.  He is one of Canada's biggest morons at the helm.  I should not look at this stuff, it upsets me to no end to see someone making such a mess out of a country that was so strong and on such a fiscally responsible path.  Absolute idiots.

 

7 Comments – Post Your Own

#1) On March 10, 2010 at 3:55 PM, FleaBagger (32.74) wrote:

Oh, that's nothing. You should see our deficits down here in the U.S.A.

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#2) On March 10, 2010 at 4:15 PM, bcchamp (42.18) wrote:

yes he is but he got my free spot at the winter olympics

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#3) On March 10, 2010 at 4:22 PM, catoismymotor (72.81) wrote:

I believe Canada can rise above this situation. If that were not the case I would not have over 30% of my money in Canadian holdings. Be proactive, change the system from within as best you are able. Don't let this drag you down.

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#4) On March 10, 2010 at 7:51 PM, dwot (99.50) wrote:

FleaBagger, when I became an adult you could almost say the debt situation between the US and Canada was reversed.  Back in the early 80s at the end of Trudeau's rein program spending was 40 billion more then tax reciepts and that was not including debt financing. 

What you see at the end of Paul Martin's rein is basically I have known as an adult, getting the debt under control, higher taxes and restraint on program spending.  Canada is in much better shape then the US because we worked on controling debt until Harper was elected.

It absolutely sickens me when I know how much tax burden my generation has taken compared to what we got back and to see it finally looking good and being completely thrown away and trashed.

 

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#5) On March 16, 2010 at 11:48 AM, chk999 (99.98) wrote:

What areas did the increased spending go into?

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#6) On March 16, 2010 at 12:05 PM, Turfscape (40.38) wrote:

Deficits don't matter...Reagan proved that.

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#7) On March 16, 2010 at 12:13 PM, Sleddawg63 (27.97) wrote:

I am so tired of the whiny left in Canada.  "Harper is horrible this, Harper is horrible that."  Paul Martin gave us surplusses in boom times...the 33 Billion dollar deficit in this last fiscal is a drop in the bucket compared to other Western industrial nations.  As Fleabagger said..."you should see ours."

Not only that but Harper has spent the money largely on infrastructure and very little on bailing out private business.  Add to that a weak Canadian dollar which benefits no one north of the border.

 I am not telling you he is the greatest PM ever...but he is far from the worst...and in what is basically the biggest recession to hit the lifetime of anyone under 80, we have done okay and I believe we are poised to do well in the forseeable future.

Last but not least, if your Liberal biased mind recalls, the coalition tried to bring Harper down in Nov 08 because he wasn't spending enough.  His governemt had made the coice to sit and let the downturn play itself out to see what Obama would do and what he would bail out...we saved tons of money on that pause.

 

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