October 13, 2010

Conservatives Record Budget Deficit

CANADA - Canada's budget deficit has hit a record $55.6 billion CDN, the 2nd time in two years that our budget deficit has exceeded $40 billion CDN. Our two-year budget for the time period is over $100 billion.

Indeed we are so far in debt the budget won't be balanced until 2015, and even then we will have billions upon billions of debt which will have to be paid off by... guess who, us and our children.

Or alternatively, maybe its time we raised corporate taxes instead of making the poor and the middle class pay for everything? Seriously, its the corporations and banks who got us into this financial mire in the first place. We should be taxing them to get out of it.

And we should note Canada didn't even have a bank bailout. We had an industry wide "stimulus package"... except all the stimulus money was mysteriously all spent in Conservative ridings creating jobs often in parts of Canada which didn't even need the stimulus money.

And to top it all off, the stimulus money came with a giant cheque with the Conservative Party logo on it... and was contingent upon a photo shoot. See Stephen Harper misusing public funds.

How corrupt can our government get?

Meanwhile Finance Minister Jim Flaherty is now saying Canada's economy is “fragile” and “uneven” and that we might have to do another stimulus package... which means EVEN MORE money for Conservative ridings, even more giant cheques with Conservative Party logos on it, and even more money wasted while the Canadian economy gets flushed down the toilet.

Jim Flaherty's stimulus package has been about as useful as a Tim Hortons in the middle of Lake Ontario. He's forgotten the primary rule of business: LOCATION, LOCATION, LOCATION!

Question: Where is the hardest hit location in all of Canada during this recession?

Answer: Windsor Ontario.

Question: How much stimulus money has the Conservative government spent in Windsor Ontario?

Answer: None, because they voted Liberal during the last election.

It makes no difference if the Conservatives boost the economy in Alberta, Alberta's economy is booming already because of the tar sands. Its the provinces and cities which are the hardest hit that need the help and they're not getting any help at all.

Here is another question for you: How much does the Finance Minister of Canada get paid? He's not doing his job very well, maybe it is time he took a pay cut.

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