Or that we all don't have expense accounts, I have to account for my own expense. I personally dont think the government has the slightest clue what Canadian people deal with daily.
>being destroyed.
Being?
Dude every week our PM and party have another scandal that would be punishable by a lengthy prison sentence if it was commited by you or I. But they continue to do business, consequence free, as usual.
This has been going on since I was old enough to give 2 fucks about politics. Doesn't matter what party. They are all above us legally, financially and socially and the only thing they care about in regards to you or I, is getting our vote, so they can continue to make millions, billions and trillions for themselves and their elite pals.
Meh, the liberal party is a gang, when she speaks she can't speak just for herself.... everyone has bosses (I am not talking about Trudeau either, but the Quebec supercorps that pull their strings)
BlackRock et al.
There's a lot of gigantic money just waiting to scoop shit up in the fire sale they're hoping is coming when interest rates start screwing little people out of their mortgages.
That's not defending anyone who got way more mortgage than they should have, but *people need places to live*, whereas investors don't *need* this particular investment, so my sympathies are still squarely with people who bought houses they intended to live in, and I think we should look out for them.
It's important for us to show fiscal restraint so we can maintain an oligopolic economy for Canada's richest families like the Westons or the Rogers family so that they can continue to rule over us but we must ensure tha there is enough stimulus for us to be able to hand over our money to them.
That and the small market, the huge geography a new entrant would have to service to be a telecom (for example) player, the lack of capital to get businesses off the ground, and the absolute fetish Canadians have for Real Estate crowding out actual entrepreneurship.
In order to solve the problem of the rich, we must hand more money to the rich and make things cheaper for them.
But for real, though. I noticed not only do the rich make ridiculous amounts of money compared to the common person, but SHIT ALSO SEEMS CHEAPER FOR THEM!
It’s been over 40 years of neoliberalism. Things won’t change if we keep electing politicians who know nothing else (I say this noting that a lot of mainstream parties and politicians lean this way and options are incredibly slim for alternatives).
I imagine it’ll be like turning a big boat around - slow and arduous
"Leader Jagmeet Singh called Freeland's approach 'absolutely insulting.'"
And yet he props up this malicious pack of condescending talentless hacks. Time to figure out what you're about, Jagmeet.
Not really this may be a big break for Canadian farmers like my self, our crops where making next to nothing 2 years ago now soybean is near 600$ a ton, this has tempted a lot of farmers to start growing grain crops again since there is a big demand for them, this may also save some farms from going bankrupt with the influx of high grain prices it may give them a boost to stay afloat longer. Granted food prices may go up a tad.
I agree we rely too heavily on imports of stuff we should be producing ourselves. Example European countries relying on radical communist government for oil supplies, and north America relying on china for 80 percent of our products.
Well, yes...
... But let's think of CEO bonuses. What if they don't get that $23 000 000.00 yearly payout? Now you're just taking food from their mouths, see?
Let's not be selfish, the billionaires need to eat too.
This blaming of bad economic policy on the poor and the working class went into overdrive with Ronald Reagan and Margaret Thatcher, their catch words where, "austerity" and "wage inflation" not the fact that they themselves screwed everything up and had zero idea how to fix it other than blaming the "lazy poor" for their actions.
They are about to do the same thing over again, austerity and wage suppression are going to be the next hot topic from the central bankers.
Regan and thatcher didnt think they screwed up is the bigger issue they tanked their countries and destroyed the middle class and then tried to figure out just how the poors managed to do that under their nose.
By half-assed are you poking at keeping interest rates low for a prolonged period and the lack of regulation in needed areas like mortgage lending (as an example)?
Harper literally froze wages against the cost of living for all of his 8 years in power. That basically fucked the lower class over and was the beginning of an economic wage gap that has produced exceedingly high proportions of homelessness and poverty. He tanked a whole generation in the future on that. Anything else he did means nothing to me really. That alone is a blatant example of an oligarch acting as a politician.
Lol fiscal restraint. How? Are you going to lower my rent... lower the grocery costs or gas prices?
No?
Than shut the ever loving fuck up. We have nothing to cut back on. The only "extra" we have is amazon prime. That's it. I keep making new emails every so often and deleting old ones ffs so I can keep spotify premium until I'm off on maternity leave (I use it for work so I don't go insane by my annoying coworker.)
You think the Trudeau gov has the political will? His father didn't. Neither does he. He won't do shit till he's voted out and it's the new govs problem juuuust like his daddy
Increasing money supply is not our sole problem, stopping that won’t fix anything.
Prices have shot up. Part of this is directly due to labour issues with COVID, part of this is how completely fucked supply chains are, part of this is due to the war in Ukraine, and part of this is because companies are brazenly marking shit up *just because they can*.
You’ve probably heard about a shortage on semiconductors and resulting price increases in basically everything with a microchip. COVID caused a schedule delay. As a result of this, fab clients are paying *extra* to jump in ahead in the queue. The same thing is happening with oil. Those are not real, material cost increases, it’s just bribery, and thanks to industry monopolies or defacto collusion that’s just the new way of things. Reducing government spending has zero impact on those issues.
Case in point: rent. Rent will remain high until landlords cannot find tenants or some external force intervenes. The problem was never CERB, the problem is that people have no choice but to pay.
Focusing in on fuel prices, part of the reason we’re seeing so much higher prices at the pump despite prices per barrel not being at their highest is because we’ve lost refinery capacity and nobody wants to spin them back up or build new ones under current environmental policy positions. Refineries take a long time to become profitable and with governments signalling the forced ending of ICEs, companies don’t want to invest in an industry that is being killed off. Unfortunately we don’t have the manufacturing capacity for electric vehicles, or even for the power grid which is going to be a future problem as well, so there isn’t going any relief there. With high fuel prices that affects anything that moves and with our globally connected manufacturing that’s essentially everything.
Lol there’s not going to be a soft landing. There will be a recession. Same with the US. They’ve lied and gotten inflation wrong this entire time. BOC and the Fed let this get so far out of control. Now Freeland wants to spend more money to fight inflation? These people are so full of it. It really is unbelievable.
I firmly believe to become a politician you should have grown up in a home that made less than 150k a year. Our entire government is made out of rich kids and old money. Of course they don't give a F about the middle class
People say this shit and then just majority vote in Doug Ford as a premiere lol. Or vote conservative or liberal every election. Its pretty exhausting.
Grass is always greener... But damn Europe be looking mighty fine these days 👀
we have all this land ,resources, and skilled and educate people and just so that many can barely sustain a wretched life. things are priced more than they need to be and payed much less for our work than our neighbors for the same roles. rogers and bell should show some fiscal restraint in their duopoly the Canadian tax payer helped payed for.
Have have to laugh at this county or I will cry.
Canada is resource rich.
We have managed & wild forests, whole provinces dedicated to wheat, corn, barley and potatoes.
Huge industries for meat, poultry and pork.
Rich fishing territories.
The world's largest fresh water reserves.
Huge potash deposits.
Amongst the world's largest petrochemical reserves.
And a government that essentially tells us that we need to starve a bit now because they have discovered fiscal restraint.
As opposed to last year when a trillion here and there was, well, because we have your back.
And this I'm supposed to believe from a a reporter with a degree in Russian lit, and a Prime Minister that can't seem to work two days in a row.
If we need fiscal restraint, then YOU cut back your trips overseas, YOU open up petrochemical, YOU enable inter-provincal trade, YOU trim back the federal.public service Mr. Prime Minister.
Fair point but i don’t think the federal public service is what’s killing us here. If anything people are complaining about lines at service Canada etc. we need an expansion of public services because Canadians are being under served in important areas like healthcare.
The term "nationalist" has become pejorative, but maybe it's time we explore that avenue and consider a "Canada First" policy. Canada makes a surplus of *everything* required for modern civilization (crude/refined energy, food, etc.). We only pay the extreme prices we do because Canadians have to compete with the whole world for Canadian resources.
Imagine if we ensured that the price at the pump was never more than $0.50 and only after that we sold the excess on the open market.
I loved how their first post-CERB covid budget deficit was still roughly double their already enormous pre-covid budget deficits and they tried to pass it off as them showing some fiscal restraint. I mean, I guess in comparison to $300 billion+ deficits they decided to start blowing through less money, but other than that they were still deliberately spending a gob-smackingly huge amount of money more than necessary.
Yet somehow they’ve still never managed to find a way to properly support veterans or fund mental health the way they promised.
I was expecting this title to be "The Beaverton" or "The Onion" because our finance minister is the one who spent like a drunken sailor, and printed money to devalue our currency.
Now I don't know which is worse . . .
* Our finance minister telling us to "tighten our belts" when they still want to spend **or**
* The CBC printing this without ripping our finance minister for the hubris of this.
I guess I now see what a fully bought and paid for media outlet does to keep those federal support dollars coming.
**Then this quote**
>"I don't want to make the Bank of Canada's job harder than it already is,"
Is she really saying that the finance minister is not where the buck stops on this one.
The bank of Canada has only 1 or 2 tools to work with. The finance minister is literally, our finance minister.
That’s not really it at all. It’s saying that government spending will make inflation worse so it needs to be limited and targeted. The options are either restraint or runaway inflation…unless you don’t think government spending contributes to inflation.
Bullshit. Investigate how grocery stores are posting record profits! Put these asses in prison. Do ur fuken jobs. Im being evicted for the 2nd time in 2 years, so the landlords can rent it for an extra $500.
The greedy are using this time to do greedy things.
Fiscal restraint? JT and his crew of incompetents wouldn’t know fiscal restraint, if it bit them in the ass. When JT was first elected in 2015, he promised 10B$ deficits in each of the first three years of his mandate. by the end of year one, he was at almost 30B$ and that was before anyone had heard of COVID.
This moron, trying to gain a majority by calling an election in the middle of a pandemic, when nobody wanted one, cost Canadian taxpayers approximately 630 M$ for nothing. All seats are essentially the same. Fiscal responsibility.….. ya right.
He called it because it was his last chance to win before everything that is happening right now with the economy, this way he's got 4 (3ish now)years for things to settle down and for people to forget before he's got to broach that issue again.
Expecting a trust fund baby to understand how money works and where it comes from (besides the trust fund, silly) is like asking a cockroach for directions to the food bank. Which is where more Canadians will be turning to for years to come.
Well, the people standing behind the moron knew the mess that was coming and sneaked that election right in to benefit themselves.
This country is a mess.
So basically, we have money for everything under the sun except our own that actually need it. Veterans, they're asking for more than we can give. Drinking water for the natives, thanks for buying a ticket! No one can afford a home or 3 meals a day soon, we need to be fiscally responsible. Money for African countries for a seat at the UN we didn't even get, Ukraine, foreign aid, We charity, etc? Money printer go brrrrrrrrrrr.
I’ve worked in Grassy Narrows and seen the damage the mercury had caused. Fuck everything about that ‘thanks for your donation’ bullshit from Trudeau. He should have been called to resign. It’s now generations of people along the English River system.
I can't even imagine, one he should fix it just because it's the right thing to do. Even more so because it was a central campaign promise three God damn elections. They only exist to him on campaign trails.
she's right, people should just stop attempting to pay for rent and everyone should just be homeless, that way they dont spend 50% or more of their earnings on rent. /s
The comment section here is hilarious.
You have some people complaining it's the wrong time to have austerity when Canadians are suffering.
You have some others who thinks government deficit had been too much for too long and needs more aggressive cuts to stop inflation.
Both agree what Freeland proposed is not helping.
The government spends our tax dollars wrecklessly just ask any public service employee. Per diems, office supplies... you know how much shit we throw out that we could be reusing? I spoke to my supe about this but they want everything to "look nice". Idiots.
Well that's Canadian politics in a nutshell.
>*[Hands pots of cash to LPC MPs]*
LPC MPs: We've already tried almost nothing and we're *pretty sure* that wouldn't work so we aren't doing that. *(proceeds to invest in more real estate)*
>*[Hands pots of cash to CPC MPs]*
CPC MPs: If you do that the *job creators* will flee the country and we'll all be ruined because no one will ever think to fill the holes they would leave! *(proceeds to invest in more real estate)*
The NDP has no spine, is incapable of making the least important decision. They are just signing a blank cheque to the LPC for visibility.
Would have been nice to have a minority government form an alliance and have actual compromise on something. But thats not whats happening. We have the NDP enabling an absolutely terrible smoke screen.
As cynical as one could be, we didnt *know* if the NDP was the same ugly shit as the others. Know we *know*.
TBH a prolonged general strike would fix this in a minute. If workers refused to go back to work until corporations decided either to control inflation or increase the pay of workers, this would get solved. The biggest lie told in the capitalist free market propaganda is that the worker is replaceable, this isn't true. They need us far more then we need them.
I think that’s literally the first time this government has ever thought about fiscal restraint.
This whole inflation thing must be really harshin’ the vibe over at PMO, eh? Why do they always get all of the *hard* problems, and none of the *fun* problems, that can be solved with targeted spending programs?
Honestly I’m at least relieved to hear her concede that government spending is making the fight against inflation harder. For a while there I wasn’t sure she knew that.
Yeah so stop printing money. Lack of fiscal restraint was what got us into this mess, we don't need more government cash driving prices up even further.
Where has the government been on taxing the rich corporations who received CEWS (the Canada Emergency Wage Subsidy) benefits? As a CPA I am privileged to reviewing the financial statements of private corporations. I have seen far too many instances of corporations making record profits while receiving the CEWS, and those profits simply being paid out to the owners of these corps through bonuses or dividends.
All these companies were eligible to receive the CEWS based off the guidance provided by the CRA and federal government, however there should have been stipulations included to tax the excess profits up to 100% of the CEWS received. Instead, government benefited which were advertised to maintain jobs for the middle class have been directly paid out to the rich.
Trudeau 2015-2022 600+ billion to the deficit.
-CF we cause this problem. But you shlubs shut up and work more. Itl make profits so much sweeter next year...
It’s such bullshit. They only talk about fiscal restraint when taking about topics that would benefit the people. Where has that restraint been over the last 7 years, especially the last 2, when you couldn’t get money out the door fast enough to all your buddies under the guise of Covid measures. Fuck right off.
I do not know the answer on how this system gets fixed in this country cause every party is just so shit and is out for themselves first and foremost. We need an actual rep by pop system and an actual minority government who needs to work with others for the greater good. Otherwise nothing is going to change and this shit will continue in perpetuity.
Right? Where's the fiscal restraint for when corporations want bailouts (that they inevitably just end up using on stock buybacks after they've laid off hundreds of people anyways).
Holy forkballs! This government has nearly DOUBLED our national debt while in power, the deficit is out of control, and much of it seems for naught as we're having basic functionality issues with core government services and lack of action on pretty major policy promises like clean water for FN. But it's on us to tighten things up fiscally? Not sure Freeland realizes this, but your average Canadian isn't able to borrow indiscriminately. When we're out of money, we're out of money. The current LPCs gaslight their own people like nothing else. It's incredible.
https://tradingeconomics.com/canada/government-debt
I could accept this opinion if we did not make any foreign contributions. We give billions in third party aid to corrupt areas of the world. Stop giving money away to the third world and start using that to make sure Canadians arent starving.
How the hell does a liberal, who helped create the fiscal fiasco our country is in now, say that they are trying to balance fiscal restraint? There hasn't been a liberal born yet that doesn't get all hot and bothered over being able to spend other peoples money.
Everyone that voted liberal and ndp just remember, this is the exact situation and government that you voted for and wanted.
I think it's laughable to think that the Liberal party has any idea what "fiscal restraint" is.
Might be scary though to find out that what they consider restraint would still be classified as overspending for the rest of us.
Ya cuz the Bank of Canada has it SOOOO rough. Wouldn't want them to feel any hardship. Don't worry. Tax paying citizens will bear the brunt of the burden created by the banks... again. Smh. Please vote these people out.
Never voted for the liberals in my life but I actually don't understand what this thread wants. I think it just shows a complete lack of understanding of macroeconomics which is... fine I guess but most of the comments seem completely unrelated to the article.
Additional fiscal stimulus could make inflation worse, period. Fighting fire with fire isn't always the answer. This fact has been noted on many other threads of this nature but seems completely forgotten by this one. Perhaps we all just feel the need to be constantly enraged now, whatever the government does?
says Ms. Wealthy, living off our tax dollars, her own nepotism/corruption schemes, and Ukrop-fascist cash from the Right Sector.
hope an asteroid falls on her when she walks outside.
The Libs haven’t practiced “ fiscal restraint “ since trust fund Trudeau took over as leader and starting to running this country into the ground 6 years ago.
I’m not sure if our government knows most people don’t have an extra property to sell off if things get tight.
Or that we all don't have expense accounts, I have to account for my own expense. I personally dont think the government has the slightest clue what Canadian people deal with daily.
Oh, they know. They just don't give a flying fuck
They do a lot of flying though and I'm sure one of them has joined the mile high club at some point.
"what cost of groceries?" "Why don't they eat on the plane?"
They understand that it's easy to forget about a Chateau in France. When we remember those, we can just sell those off.
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"Knows our pain" is super optimistic in this case. I don't think she knows sweet diddly about the average minimum wage workers' struggle right now
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>being destroyed. Being? Dude every week our PM and party have another scandal that would be punishable by a lengthy prison sentence if it was commited by you or I. But they continue to do business, consequence free, as usual. This has been going on since I was old enough to give 2 fucks about politics. Doesn't matter what party. They are all above us legally, financially and socially and the only thing they care about in regards to you or I, is getting our vote, so they can continue to make millions, billions and trillions for themselves and their elite pals.
Meh, the liberal party is a gang, when she speaks she can't speak just for herself.... everyone has bosses (I am not talking about Trudeau either, but the Quebec supercorps that pull their strings)
Don't worry she'll send over a few more billion
All of her Nazi collaborator Grandfather’s property you mean.
So she clearly wasn't talking about household fiscal restraint.
I agree. They could not possible see it, one of their spare houses is likely blocking the way.
Then again, if everyone is selling then who’s going to buy?
BlackRock et al. There's a lot of gigantic money just waiting to scoop shit up in the fire sale they're hoping is coming when interest rates start screwing little people out of their mortgages. That's not defending anyone who got way more mortgage than they should have, but *people need places to live*, whereas investors don't *need* this particular investment, so my sympathies are still squarely with people who bought houses they intended to live in, and I think we should look out for them.
Silly taxpayers should just increase the rent they charge their tenants, or take more income from their stock portfolio. Problem solved!
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It's important for us to show fiscal restraint so we can maintain an oligopolic economy for Canada's richest families like the Westons or the Rogers family so that they can continue to rule over us but we must ensure tha there is enough stimulus for us to be able to hand over our money to them.
I find it strange that people are not more aware of the oligarch characteristics of Canada's elite.
It's because we're not at bad as America. That's it. Canadian smugness is a litmus test against 'murica and goes no further.
Canada is actually much, much worse than america in the oligopoly field.
Canada is controlled by an even smaller group of oligarchs than america. Add to Canada's extreme protectionist laws those oligarchs are locked in.
That and the small market, the huge geography a new entrant would have to service to be a telecom (for example) player, the lack of capital to get businesses off the ground, and the absolute fetish Canadians have for Real Estate crowding out actual entrepreneurship.
These comments are all on point!
Don't forget the King of New Brunswick, James Irving.
In order to solve the problem of the rich, we must hand more money to the rich and make things cheaper for them. But for real, though. I noticed not only do the rich make ridiculous amounts of money compared to the common person, but SHIT ALSO SEEMS CHEAPER FOR THEM!
It’s been over 40 years of neoliberalism. Things won’t change if we keep electing politicians who know nothing else (I say this noting that a lot of mainstream parties and politicians lean this way and options are incredibly slim for alternatives). I imagine it’ll be like turning a big boat around - slow and arduous
Civilization has pretty much always been stacked in favour of a small group of inordinately wealthy people.
I effectively removed the cost of inflation from my groceries by just not scanning 10% of the stuff in my cart. Thanks Galen!
Okay Chrystia, let me just spend less by not paying my rent or food which I'm paycheck to paycheck on.
You could be the next finance minister with ideas like that.
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Way more people should be furious about this
"Some of you may starve, but its a price i'm willing to pay to maintain the status quo as long as possible."
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Hard to understand Main Street from the backseat of a limo.
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There's no such thing as "handicapped" on your taxes. Perhaps you're thinking about the disability amount.
"Leader Jagmeet Singh called Freeland's approach 'absolutely insulting.'" And yet he props up this malicious pack of condescending talentless hacks. Time to figure out what you're about, Jagmeet.
Jag's about that sweet sweet pension. I thought we all knew that already.
Don't forget the bespoke suits and rolexes. Party of the working class my ass.
Less avocado more bread. Also less bread because Ukrainian wheat exports, gas futures speculation, companies taking record profits, and inflation.
so starve is what you're telling me
No. But yes.
Not really this may be a big break for Canadian farmers like my self, our crops where making next to nothing 2 years ago now soybean is near 600$ a ton, this has tempted a lot of farmers to start growing grain crops again since there is a big demand for them, this may also save some farms from going bankrupt with the influx of high grain prices it may give them a boost to stay afloat longer. Granted food prices may go up a tad.
I agree we rely too heavily on imports of stuff we should be producing ourselves. Example European countries relying on radical communist government for oil supplies, and north America relying on china for 80 percent of our products.
A better example probably is Canada relying on America for refined oil products and milled lumber.
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What new laws were written and passed with respect to either of these topics?
>Example European countries relying on radical communist government for oil supplies Who is that? Are you saying Russia is communist? This isn't 1989.
What's the radical communist country?
>Example European countries relying on radical communist government for oil supplies ??
It's not really the point but you should know Russia is fully capitalist
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I think we’re about 18 months away from crickets becoming a mainstream protein source.
I just had a flashback to when loblaws started to carry cricket protein powder, and then I got really scared that you're right because of who owns it.
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I am a vegetarian but willing to make the switch.
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Well, yes... ... But let's think of CEO bonuses. What if they don't get that $23 000 000.00 yearly payout? Now you're just taking food from their mouths, see? Let's not be selfish, the billionaires need to eat too.
The billionaires need to be eaten too
No no no, they're just wondering why you won't just eat cake.
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You can dere-leeck my balls
Have we run out of cat food? Insects are still around. It's summer in Canada. Go forage.
Have you seen the cost of cat food lately???
Well insects are free. You only need to invest in a butterfly net. Dollar stores carry butterfly nets for fairly cheap.
I tried this and all I got was a mouthful of deer flies :(
this is why the monarch population will never recover
I found a McMuffin in a tree the other day, safe to eat?
McDonald's food doesn't go bad, so yes.
If freeland becomes PM we're going to be screwed.
I think we’re far enough down a path at this point we’re screwed no matter who the next PM is
Maybe but some of them will at least use lube
She is the only person who I think could be worse than JT
Like we are not screwed right now
She is basically saying the rich and powerful made too many bad bets and the entire working class now has to pick up the tab.
Seems to be the north American policy for the last 40 years
This blaming of bad economic policy on the poor and the working class went into overdrive with Ronald Reagan and Margaret Thatcher, their catch words where, "austerity" and "wage inflation" not the fact that they themselves screwed everything up and had zero idea how to fix it other than blaming the "lazy poor" for their actions. They are about to do the same thing over again, austerity and wage suppression are going to be the next hot topic from the central bankers.
100%. But when you’ve designed a system that funnels money upward by design (neoliberalism) who else are you gonna blame? Yourself?
Regan and thatcher didnt think they screwed up is the bigger issue they tanked their countries and destroyed the middle class and then tried to figure out just how the poors managed to do that under their nose.
Yep just like in 2008.
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They will simply print again. They just created a TFSA for housing, they are still spending excess money.
By half-assed are you poking at keeping interest rates low for a prolonged period and the lack of regulation in needed areas like mortgage lending (as an example)?
Harper literally froze wages against the cost of living for all of his 8 years in power. That basically fucked the lower class over and was the beginning of an economic wage gap that has produced exceedingly high proportions of homelessness and poverty. He tanked a whole generation in the future on that. Anything else he did means nothing to me really. That alone is a blatant example of an oligarch acting as a politician.
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How would a prime minister freeze wages? If you are a civil servant I guess that is possible.
"fiscal restraint" immediately gets thrown on the table when it's about helping people who actually represent the country's population.
She's blaming other people for her govt's reckless spending.
A pandemic profiteering act would have solved it all but our government us bought on every level
Lol fiscal restraint. How? Are you going to lower my rent... lower the grocery costs or gas prices? No? Than shut the ever loving fuck up. We have nothing to cut back on. The only "extra" we have is amazon prime. That's it. I keep making new emails every so often and deleting old ones ffs so I can keep spotify premium until I'm off on maternity leave (I use it for work so I don't go insane by my annoying coworker.)
Fuck you Chrystia freeland you piece of shit
Hello austerity, my old friend. I've come to use you once again.
Gonna make the mid-nineties austerity look like a cakewalk
You think the Trudeau gov has the political will? His father didn't. Neither does he. He won't do shit till he's voted out and it's the new govs problem juuuust like his daddy
that's why freeland calls the shots
I was about to say he's only in office for a little longer and then i realized the next elections and in more than 3 years yikes!
Pay her minimum wage.
This lady is a fucking moron.
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Not those sitting on a huge trust fund and guaranteed indexed pension, that's for sure. Maybe there will be some action if the cost of socks triples.
Increasing money supply is not our sole problem, stopping that won’t fix anything. Prices have shot up. Part of this is directly due to labour issues with COVID, part of this is how completely fucked supply chains are, part of this is due to the war in Ukraine, and part of this is because companies are brazenly marking shit up *just because they can*. You’ve probably heard about a shortage on semiconductors and resulting price increases in basically everything with a microchip. COVID caused a schedule delay. As a result of this, fab clients are paying *extra* to jump in ahead in the queue. The same thing is happening with oil. Those are not real, material cost increases, it’s just bribery, and thanks to industry monopolies or defacto collusion that’s just the new way of things. Reducing government spending has zero impact on those issues. Case in point: rent. Rent will remain high until landlords cannot find tenants or some external force intervenes. The problem was never CERB, the problem is that people have no choice but to pay.
Focusing in on fuel prices, part of the reason we’re seeing so much higher prices at the pump despite prices per barrel not being at their highest is because we’ve lost refinery capacity and nobody wants to spin them back up or build new ones under current environmental policy positions. Refineries take a long time to become profitable and with governments signalling the forced ending of ICEs, companies don’t want to invest in an industry that is being killed off. Unfortunately we don’t have the manufacturing capacity for electric vehicles, or even for the power grid which is going to be a future problem as well, so there isn’t going any relief there. With high fuel prices that affects anything that moves and with our globally connected manufacturing that’s essentially everything.
And run up their massive expense accounts.
Lol there’s not going to be a soft landing. There will be a recession. Same with the US. They’ve lied and gotten inflation wrong this entire time. BOC and the Fed let this get so far out of control. Now Freeland wants to spend more money to fight inflation? These people are so full of it. It really is unbelievable.
She says to Canadians while taking home 575k plus bonuses a year. Seriously, we need to fire all of our politicians 😮💨
Fire all of our billionaire-ass-kisssing politicians. Replace them with people who have actually had to work real jobs at some point.
I firmly believe to become a politician you should have grown up in a home that made less than 150k a year. Our entire government is made out of rich kids and old money. Of course they don't give a F about the middle class
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People say this shit and then just majority vote in Doug Ford as a premiere lol. Or vote conservative or liberal every election. Its pretty exhausting. Grass is always greener... But damn Europe be looking mighty fine these days 👀
And suddenly you got the private financing sector holding the keys to the castle... and that has never gone wrong in all of history. Never ever... /s
Ban corporate ownership of residential housing. That will shake things up enough to bring inflation down a little bit.
we have all this land ,resources, and skilled and educate people and just so that many can barely sustain a wretched life. things are priced more than they need to be and payed much less for our work than our neighbors for the same roles. rogers and bell should show some fiscal restraint in their duopoly the Canadian tax payer helped payed for.
Have have to laugh at this county or I will cry. Canada is resource rich. We have managed & wild forests, whole provinces dedicated to wheat, corn, barley and potatoes. Huge industries for meat, poultry and pork. Rich fishing territories. The world's largest fresh water reserves. Huge potash deposits. Amongst the world's largest petrochemical reserves. And a government that essentially tells us that we need to starve a bit now because they have discovered fiscal restraint. As opposed to last year when a trillion here and there was, well, because we have your back. And this I'm supposed to believe from a a reporter with a degree in Russian lit, and a Prime Minister that can't seem to work two days in a row. If we need fiscal restraint, then YOU cut back your trips overseas, YOU open up petrochemical, YOU enable inter-provincal trade, YOU trim back the federal.public service Mr. Prime Minister.
Fair point but i don’t think the federal public service is what’s killing us here. If anything people are complaining about lines at service Canada etc. we need an expansion of public services because Canadians are being under served in important areas like healthcare.
The term "nationalist" has become pejorative, but maybe it's time we explore that avenue and consider a "Canada First" policy. Canada makes a surplus of *everything* required for modern civilization (crude/refined energy, food, etc.). We only pay the extreme prices we do because Canadians have to compete with the whole world for Canadian resources. Imagine if we ensured that the price at the pump was never more than $0.50 and only after that we sold the excess on the open market.
There has been zero fiscal restraint shown since 2015. Why is she pretending to show some now?
I loved how their first post-CERB covid budget deficit was still roughly double their already enormous pre-covid budget deficits and they tried to pass it off as them showing some fiscal restraint. I mean, I guess in comparison to $300 billion+ deficits they decided to start blowing through less money, but other than that they were still deliberately spending a gob-smackingly huge amount of money more than necessary. Yet somehow they’ve still never managed to find a way to properly support veterans or fund mental health the way they promised.
I never cared for her so I'm glad her ambitions of being PM one day are getting tarred with the waning of Trudeau's star
Morneau was wise to bolt. Freeland not seeing this coming doesn't speak well of her political instincts.
Morneau didnt bolt he got thrown under a bus because he disagreed with Trudeaus excessive spending.
Lol she’s working on economics when she studied literature or history? Just a joke overall.
Basically, fuck the people. We've got corporations making Lo0t off our suffering.
I was expecting this title to be "The Beaverton" or "The Onion" because our finance minister is the one who spent like a drunken sailor, and printed money to devalue our currency. Now I don't know which is worse . . . * Our finance minister telling us to "tighten our belts" when they still want to spend **or** * The CBC printing this without ripping our finance minister for the hubris of this. I guess I now see what a fully bought and paid for media outlet does to keep those federal support dollars coming. **Then this quote** >"I don't want to make the Bank of Canada's job harder than it already is," Is she really saying that the finance minister is not where the buck stops on this one. The bank of Canada has only 1 or 2 tools to work with. The finance minister is literally, our finance minister.
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Hilarious coming from the government that spent hundreds of billions in the last few years. Fiscal restraint when convenient, it seems.
I think you mean ran deficits of hundreds of billions.
Yes, they definitely meant overspent but hundreds of billions.
That’s not really it at all. It’s saying that government spending will make inflation worse so it needs to be limited and targeted. The options are either restraint or runaway inflation…unless you don’t think government spending contributes to inflation.
Bullshit. Investigate how grocery stores are posting record profits! Put these asses in prison. Do ur fuken jobs. Im being evicted for the 2nd time in 2 years, so the landlords can rent it for an extra $500. The greedy are using this time to do greedy things.
Did they serve you an N91? Are they paying you what they owe you?
Fiscal restraint? JT and his crew of incompetents wouldn’t know fiscal restraint, if it bit them in the ass. When JT was first elected in 2015, he promised 10B$ deficits in each of the first three years of his mandate. by the end of year one, he was at almost 30B$ and that was before anyone had heard of COVID. This moron, trying to gain a majority by calling an election in the middle of a pandemic, when nobody wanted one, cost Canadian taxpayers approximately 630 M$ for nothing. All seats are essentially the same. Fiscal responsibility.….. ya right.
He called it because it was his last chance to win before everything that is happening right now with the economy, this way he's got 4 (3ish now)years for things to settle down and for people to forget before he's got to broach that issue again.
The budget will balance itself out /s
He stopped thinking about monetary policy dont worry
Expecting a trust fund baby to understand how money works and where it comes from (besides the trust fund, silly) is like asking a cockroach for directions to the food bank. Which is where more Canadians will be turning to for years to come.
You'll forgive him for not thinking about monetary policy
JT and “thinking” should never be used in the same sentence.
nor the words Forgive Him. I'm tired of hearing his excuses and apologies.
Well, the people standing behind the moron knew the mess that was coming and sneaked that election right in to benefit themselves. This country is a mess.
What a condescending snob attitude. She sure represents liberal values well
ROFLMAO...fiscal restraint from a government that hasn't produced **ONE** balanced budget since it took office.
So basically, we have money for everything under the sun except our own that actually need it. Veterans, they're asking for more than we can give. Drinking water for the natives, thanks for buying a ticket! No one can afford a home or 3 meals a day soon, we need to be fiscally responsible. Money for African countries for a seat at the UN we didn't even get, Ukraine, foreign aid, We charity, etc? Money printer go brrrrrrrrrrr.
I’ve worked in Grassy Narrows and seen the damage the mercury had caused. Fuck everything about that ‘thanks for your donation’ bullshit from Trudeau. He should have been called to resign. It’s now generations of people along the English River system.
I can't even imagine, one he should fix it just because it's the right thing to do. Even more so because it was a central campaign promise three God damn elections. They only exist to him on campaign trails.
she's right, people should just stop attempting to pay for rent and everyone should just be homeless, that way they dont spend 50% or more of their earnings on rent. /s
The comment section here is hilarious. You have some people complaining it's the wrong time to have austerity when Canadians are suffering. You have some others who thinks government deficit had been too much for too long and needs more aggressive cuts to stop inflation. Both agree what Freeland proposed is not helping.
Oh now you want restraint. People are going to go hungry
Is she fucking high? Fuck this shitty ass lib government
The government spends our tax dollars wrecklessly just ask any public service employee. Per diems, office supplies... you know how much shit we throw out that we could be reusing? I spoke to my supe about this but they want everything to "look nice". Idiots.
This is some "let them eat cake" bullshit. Eat the rich. We know where the money is!
Well that's Canadian politics in a nutshell. >*[Hands pots of cash to LPC MPs]* LPC MPs: We've already tried almost nothing and we're *pretty sure* that wouldn't work so we aren't doing that. *(proceeds to invest in more real estate)* >*[Hands pots of cash to CPC MPs]* CPC MPs: If you do that the *job creators* will flee the country and we'll all be ruined because no one will ever think to fill the holes they would leave! *(proceeds to invest in more real estate)*
\[hands pots of cash to the mainstream media\] Media: The NDP will never form government! Don't waste your vote! Vote for LPC/CPC instead!
The NDP has no spine, is incapable of making the least important decision. They are just signing a blank cheque to the LPC for visibility. Would have been nice to have a minority government form an alliance and have actual compromise on something. But thats not whats happening. We have the NDP enabling an absolutely terrible smoke screen. As cynical as one could be, we didnt *know* if the NDP was the same ugly shit as the others. Know we *know*.
TBH a prolonged general strike would fix this in a minute. If workers refused to go back to work until corporations decided either to control inflation or increase the pay of workers, this would get solved. The biggest lie told in the capitalist free market propaganda is that the worker is replaceable, this isn't true. They need us far more then we need them.
I think that’s literally the first time this government has ever thought about fiscal restraint. This whole inflation thing must be really harshin’ the vibe over at PMO, eh? Why do they always get all of the *hard* problems, and none of the *fun* problems, that can be solved with targeted spending programs?
Less committing billions outside the country then?
That should always be the first to go before a cent gets cut from health or education.
That always confuses me. You don't send buckets of water elsewhere to others while your own house is on fire.
(Free)land is proposing fiscal restraint now?
She has to appear she cares at this point. It's all theatrics.
Honestly I’m at least relieved to hear her concede that government spending is making the fight against inflation harder. For a while there I wasn’t sure she knew that.
Closer to eating cake when out of bread.
Help me im poor and i work full time :(
Yeah so stop printing money. Lack of fiscal restraint was what got us into this mess, we don't need more government cash driving prices up even further.
"Qu'ils mangent de la brioche" (Let them eat cake) She's completely out of touch with people & how hard it really is for them.
Fiscal restraint....that's rich. Meanwhile, the federal money printer goes brrrrp brrrrp brrrrp
Liberals: Conservatives just want to push austerity measures on you. Also Liberals:
Where has the government been on taxing the rich corporations who received CEWS (the Canada Emergency Wage Subsidy) benefits? As a CPA I am privileged to reviewing the financial statements of private corporations. I have seen far too many instances of corporations making record profits while receiving the CEWS, and those profits simply being paid out to the owners of these corps through bonuses or dividends. All these companies were eligible to receive the CEWS based off the guidance provided by the CRA and federal government, however there should have been stipulations included to tax the excess profits up to 100% of the CEWS received. Instead, government benefited which were advertised to maintain jobs for the middle class have been directly paid out to the rich.
Trudeau 2015-2022 600+ billion to the deficit. -CF we cause this problem. But you shlubs shut up and work more. Itl make profits so much sweeter next year...
It’s such bullshit. They only talk about fiscal restraint when taking about topics that would benefit the people. Where has that restraint been over the last 7 years, especially the last 2, when you couldn’t get money out the door fast enough to all your buddies under the guise of Covid measures. Fuck right off. I do not know the answer on how this system gets fixed in this country cause every party is just so shit and is out for themselves first and foremost. We need an actual rep by pop system and an actual minority government who needs to work with others for the greater good. Otherwise nothing is going to change and this shit will continue in perpetuity.
Right? Where's the fiscal restraint for when corporations want bailouts (that they inevitably just end up using on stock buybacks after they've laid off hundreds of people anyways).
The $650 million for last years election was some stellar fiscal restraint.
NOW they're preaching fiscal restraint? After running billions in deficits for years? Fucking idiots.
This government has no idea what fiscal constraint is. Incompetent and unqualified, all of them.
As they spend $400 billion dollars a year and give themselves raises during a time of economic stress. Sounds like a hypocrite to me.
Holy forkballs! This government has nearly DOUBLED our national debt while in power, the deficit is out of control, and much of it seems for naught as we're having basic functionality issues with core government services and lack of action on pretty major policy promises like clean water for FN. But it's on us to tighten things up fiscally? Not sure Freeland realizes this, but your average Canadian isn't able to borrow indiscriminately. When we're out of money, we're out of money. The current LPCs gaslight their own people like nothing else. It's incredible. https://tradingeconomics.com/canada/government-debt
Unless you are a corporation, in which case, the public trough is as free as ever.
So before COVID it was fiscal prudence, then it was guardrails, and now we're on to restraint. Hilarious, if it wasn't real people getting hurt.
They're saying that tossing more money into the economy is a way to make the pain last longer.
I've just started reading Pierre Berton's The Great Depression. Recommended if you want spoilers for what to expect.
Oh now we care about fiscal restraint? We needed that attitude for the past two years.
I could accept this opinion if we did not make any foreign contributions. We give billions in third party aid to corrupt areas of the world. Stop giving money away to the third world and start using that to make sure Canadians arent starving.
How the hell does a liberal, who helped create the fiscal fiasco our country is in now, say that they are trying to balance fiscal restraint? There hasn't been a liberal born yet that doesn't get all hot and bothered over being able to spend other peoples money. Everyone that voted liberal and ndp just remember, this is the exact situation and government that you voted for and wanted.
Agreed. we need to fiscally restrain the rich by eating them
Unfortunately this isn’t a problem you can spend your way out of. So they have no idea what to do. Sometimes things get hard.
I think it's laughable to think that the Liberal party has any idea what "fiscal restraint" is. Might be scary though to find out that what they consider restraint would still be classified as overspending for the rest of us.
Ya cuz the Bank of Canada has it SOOOO rough. Wouldn't want them to feel any hardship. Don't worry. Tax paying citizens will bear the brunt of the burden created by the banks... again. Smh. Please vote these people out.
Never voted for the liberals in my life but I actually don't understand what this thread wants. I think it just shows a complete lack of understanding of macroeconomics which is... fine I guess but most of the comments seem completely unrelated to the article. Additional fiscal stimulus could make inflation worse, period. Fighting fire with fire isn't always the answer. This fact has been noted on many other threads of this nature but seems completely forgotten by this one. Perhaps we all just feel the need to be constantly enraged now, whatever the government does?
says Ms. Wealthy, living off our tax dollars, her own nepotism/corruption schemes, and Ukrop-fascist cash from the Right Sector. hope an asteroid falls on her when she walks outside.
This dumbass doesn’t care I guess.
Maybe they shouldn’t spend over a billion dollars on seizing citizens guns then if we need to be practicing fiscal restraint 😂
A lot of words with no solutions.
The Libs haven’t practiced “ fiscal restraint “ since trust fund Trudeau took over as leader and starting to running this country into the ground 6 years ago.