Canada Balances it's Budget; Why Cant the USA?

[Toro]

Canada also produces lots of fossil fuels, if we exploited our own resources to its fullest extent we could be at a balanced budget as well, plus Obamacare is not "Healthcare for all" it's a bunch of crony deals and payoffs. Even if one doesn't care for Canada style healthcare system, it's probably better than Obamacare which needs to be repealed.

The Federal government of Canada doesn't receive revenues from natural resources. Those go to the provinces.

yeah so?....Producing energy generates wealth, puts people to work and stimulates the economy. Anything else? our federal government taxes it here, so do the states. We could eliminate our budget deficit with energy production alone. It provides good paying jobs. Obama's not interested in that though

Canada doesn't balance its budget because it "produces lots of fossil fuels." Canada balanced its budget when oil was below $20 and the oil sands weren't economically viable. Canada's budget went into deficit when oil prices and production skyrocketed higher.

Canada balanced it's budget because it a.) cut spending, and b.) raised taxes. It was about 80/20 spending cuts to tax increases, but Ottawa increased taxes which increased revenues and was used to pay down debt.

 

[Dragonlady]

Much has been made in this thread about our conservative governments and their role in balancing the budget, especially Mulroney and the introduction of the Goods and Services Tax.

The GST was introduced when NAFTA can into effect. It replaced the 15% manufacturers tax which Mulroney lifted to allow Canadian manufacturers to compete more effectively with American made goods.

Contrary to Tiny Dancer's assertions, introduction of the GST was disastrous for the Canadian economy and plunged the country into a deep recession. Canadians turfed Mulroney from office and reduced his majority government to just 4 sitting members of Parliament. The Progressive Conservative Party never recovered and what remained of the party amalgamated with the Reform Party under the banner of today's Conservative Party of Canada.

NAFTA has been a mixed blessing. We lost a lot of our manufacturing to the southern US where costs were lower. At one point there were 20,000 auto workers in Oshawa. They worked for the 4 GM plants there and other companies supplying GM. Today there are 2,000 GM workers at one plant in Oshawa.

It should also be noted that the Canadian Conservative Party is much further to the left of the American Democratic Party. While Stephen Harper would like to introduce 2-tier medicine to Canada, Canadians won't allow it. Anyone who has tried has found themselves out of power and very quickly.

Our budget is balanced because Canadians, unlike Americans, are not adverse to paying taxes, providing we're getting value for our money. We don't have a lot of programs cutting breaks to large corporate interests which you have. All of our corporations pay taxes, unlike large American corporations and we have a reasonable minimum wage.

Our medical costs are nearly half of yours because of low administration costs, made possible by our single payer system. Something that you want nothing to do with. We also don't have a means test on many of our social programs having learned that administration costs for means tests are more expensive than universal coverage.

Canada spends its tax dollars on its citizens and its infrastructure, not on a bloated military industrial complex to protect American multinational corporate holdings abroad. We spend money on education for our young people with all post-secondary institutions being state funded and lower cost than US schools giving us a well educated population. This reduces poverty and social assistance.

In short, our government is run for the benefit of people, not corporations.

 

[Jroc]

Much has been made in this thread about our conservative governments and their role in balancing the budget, especially Mulroney and the introduction of the Goods and Services Tax.

The GST was introduced when NAFTA can into effect. It replaced the 15% manufacturers tax which Mulroney lifted to allow Canadian manufacturers to compete more effectively with American made goods.

Contrary to Tiny Dancer's assertions, introduction of the GST was disastrous for the Canadian economy and plunged the country into a deep recession. Canadians turfed Mulroney from office and reduced his majority government to just 4 sitting members of Parliament. The Progressive Conservative Party never recovered and what remained of the party amalgamated with the Reform Party under the banner of today's Conservative Party of Canada.

NAFTA has been a mixed blessing. We lost a lot of our manufacturing to the southern US where costs were lower. At one point there were 20,000 auto workers in Oshawa. They worked for the 4 GM plants there and other companies supplying GM. Today there are 2,000 GM workers at one plant in Oshawa.

It should also be noted that the Canadian Conservative Party is much further to the left of the American Democratic Party. While Stephen Harper would like to introduce 2-tier medicine to Canada, Canadians won't allow it. Anyone who has tried has found themselves out of power and very quickly.

Our budget is balanced because Canadians, unlike Americans, are not adverse to paying taxes, providing we're getting value for our money. We don't have a lot of programs cutting breaks to large corporate interests which you have. All of our corporations pay taxes, unlike large American corporations and we have a reasonable minimum wage.

Our medical costs are nearly half of yours because of low administration costs, made possible by our single payer system. Something that you want nothing to do with. We also don't have a means test on many of our social programs having learned that administration costs for means tests are more expensive than universal coverage.

Canada spends its tax dollars on its citizens and its infrastructure, not on a bloated military industrial complex to protect American multinational corporate holdings abroad. We spend money on education for our young people with all post-secondary institutions being state funded and lower cost than US schools giving us a well educated population. This reduces poverty and social assistance.

In short, our government is run for the benefit of people, not corporations.

Sorry to tell you, and no offense to my Canadian friends, but we fund most of your defense. You benefit from being right next door to us. We have 12 times your population, single payer wouldn't work here. Your corporate taxes are also way lower there. Yes we need tax reform here. too much crony bullshit. Most of those things you listed are just liberal bS talking actually if you ask me.

 

[Toro]

All of our corporations pay taxes, unlike large American corporations and we have a reasonable minimum wage.

All US corporations pay taxes. They just don't all pay income taxes.

Plus, the federal corporate tax rate in Canada is much lower than in the US.

Canada spends its tax dollars on its citizens and its infrastructure, not on a bloated military industrial complex to protect American multinational corporate holdings abroad. We spend money on education for our young people with all post-secondary institutions being state funded and lower cost than US schools giving us a well educated population. This reduces poverty and social assistance.

Here in Florida, in-state tuition is, I believe, cheaper than universities in Canada. Plus, students can get most of their tuition paid for through a scholarship program.

 

[Dragonlady]

Sorry to tell you, and no offense to my Canadian friends, but we fund most of your defense. You benefit from being right next door to us. We have 12 times your population, single payer wouldn't work here. Your corporate taxes are also way lower there. Yes we need tax reform here. too much crony bullshit. Most of those things you listed are just liberal bS talking actually if you ask me.

You aren't funding our defence because we're in no danger of being invaded. The last time Canada was invaded was the War of 1812 and Americans were the invaders.

In reality, your massive spending on defence is to protect "American interests" in other parts of the world. "American interests" is code for American corporate assets. Military spending also keeps a large segment of your population employed.

Without American military spending, millions more Americans would be unemployed. The current level of defence spending is totally unnecessary but it is propping up the economy.

 

[Jroc]

Sorry to tell you, and no offense to my Canadian friends, but we fund most of your defense. You benefit from being right next door to us. We have 12 times your population, single payer wouldn't work here. Your corporate taxes are also way lower there. Yes we need tax reform here. too much crony bullshit. Most of those things you listed are just liberal bS talking actually if you ask me.

You aren't funding our defence because we're in no danger of being invaded. The last time Canada was invaded was the War of 1812 and Americans were the invaders.

In reality, your massive spending on defence is to protect "American interests" in other parts of the world. "American interests" is code for American corporate assets. Military spending also keeps a large segment of your population employed.

Without American military spending, millions more Americans would be unemployed. The current level of defence spending is totally unnecessary but it is propping up the economy.

Of course because of your location you're under our protection and yes we do promote our interests. that's what a country is supposed to do. Our interests would include protecting Europe, Canada and the rest of the free world. Without us Canada would actually haft to pay for a Navy. (Which they don't have much of one) a lager air force and a larger military in general.... Just keeping it real

 

[Ropey]

That's why I want a strong Republic both internally and externally Jroc.

It's to Canada's and the World's advantage imho.

And that's not to Europe or President Obama's advantage as they want a weaker US.

 

[Nutz]

I can't believe you guys are seriously talking about this; the answer is simple, canada leeches off the United States. It is easy for them to be socialist and balance a budget when the majority of their exports are to the US. Its easy to balance a budget when you don't have to worry about a military budget because Uncle Sam is gonna protect them. It is easy to balance a budget when you have no true culture, only a mirror of Uncle Sam. It is easy to balance a budget when Uncle Sam goes to war and all canada does is harbor cowards running away from war. It is easy to balance a budget when your nation is nothing more than a leech. Seriously, their is no comparison as to what canada can do and what the US can do. If we stopped allowing canadians the opportunity to ride on our coat tails...they would be nothing more than Mexico...or French speaking.

 

[Toro]

I can't believe you guys are seriously talking about this, the answer is simple, canada leeches off the United States, it is easy for them to be socialist and balance a budget when all of their exports are to the US. Its easy to balance a budget when you don't have to worry about a military budget because Uncle Sam is gonna protect them. It is easy to balance a budget when you have no true culture, only a mirror of Uncle Sam. It is easy to balance a budget when Uncle Sam goes to war and all canada does is harbor cowards running away from war. It is easy to balance a budget when your nation is nothing more than a leech.

hahahaha

And people think conservatards don't have a sense of humour.

 

[Nutz]

I can't believe you guys are seriously talking about this, the answer is simple, canada leeches off the United States, it is easy for them to be socialist and balance a budget when all of their exports are to the US. Its easy to balance a budget when you don't have to worry about a military budget because Uncle Sam is gonna protect them. It is easy to balance a budget when you have no true culture, only a mirror of Uncle Sam. It is easy to balance a budget when Uncle Sam goes to war and all canada does is harbor cowards running away from war. It is easy to balance a budget when your nation is nothing more than a leech.

hahahaha

And people think conservatards don't have a sense of humour.

Someone told me leeches didn't have brains...didn't think it was true until now. What I say is true...and you know it!

 

[Toro]

I can't believe you guys are seriously talking about this, the answer is simple, canada leeches off the United States, it is easy for them to be socialist and balance a budget when all of their exports are to the US. Its easy to balance a budget when you don't have to worry about a military budget because Uncle Sam is gonna protect them. It is easy to balance a budget when you have no true culture, only a mirror of Uncle Sam. It is easy to balance a budget when Uncle Sam goes to war and all canada does is harbor cowards running away from war. It is easy to balance a budget when your nation is nothing more than a leech.

hahahaha

And people think conservatards don't have a sense of humour.

Someone told me leeches didn't have brains...didn't think it was true until now. What I say is true...and you know it!

hahahaha

hilarious

 

[Ropey]

hahahaha

And people think conservatards don't have a sense of humour.

Someone told me leeches didn't have brains...didn't think it was true until now. What I say is true...and you know it!

hahahaha

hilarious

It was a leech who told him.

 

[Nutz]

Someone told me leeches didn't have brains...didn't think it was true until now. What I say is true...and you know it!

hahahaha

hilarious

It was a leech who told him.

Now that was funny!

 

[Jroc]

That's why I want a strong Republic both internally and externally Jroc.

It's to Canada's and the World's advantage imho.

And that's not to Europe or President Obama's advantage as they want a weaker US.

of course it is Ropey, although the left doesn't see it and Europe only wants us when they need us. They don't appreciate shit. A weak U.S. means a more dangerous world. The world has been pretty much stable since WWII because of a strong U.S.

 

[Ropey]

That's why I want a strong Republic both internally and externally Jroc.

It's to Canada's and the World's advantage imho.

And that's not to Europe or President Obama's advantage as they want a weaker US.

of course it is Ropey, although the left doesn't see it and Europe only wants us when they need us. They don't appreciate shit. A weak U.S. means a more dangerous world. The world has been pretty much stable since WWII because of a strong U.S.

And we see what leading from behind is bringing up... from the history pages...

Link

:|

 

[Dragonlady]

of course it is Ropey, although the left doesn't see it and Europe only wants us when they need us. They don't appreciate shit. A weak U.S. means a more dangerous world. The world has been pretty much stable since WWII because of a strong U.S.

Your idea of stable leaves a lot to be desired. For 35 years we had the Cold War which brought the world to the brink of nuclear war with the Cuban Missile Crisis under JFK.

We had the Korean War, the Vietnam War, the mess in Bosnia, several messes in Uganda, Ethiopia, the Congo, and Rwanda, and East Timor. The Central African Republic is currently in danger of lapsing into genocide. Sri Lanka has a long running civil war.

Afghanistan has been invaded twice: once by Russia and once by the US.

The Middle East is a perpetual powder keg which frequently erupts into armed conflicts. Israel lives under a perpetual threat of terrorism and war, and only there can it reasonably be argued that threat of American intervention keeps an uneasy peace.

The former Soviet states are unstable at best. Chechnya has been in a state of chaos for years. And now the Russians are invading the Ukraine.

There's the Gulf War, the Iraq War, the Arab Spring, the mess in Syria. Several South American countries are always on the verge of economic collapse leading to civil unrest.

I'm truly hard pressed to see anywhere where the US has made things safer for anyone. Europe has been stable since WWII because they had to rebuild after that conflict. The destruction of WWII and WWII seems to have drained Europe of any interest in war.

The US is now the biggest aggressor nation in the world. You're not making the world safer. You're beating up on independent countries because you can.


I'm hard pressed to see how

 

[Jroc]

of course it is Ropey, although the left doesn't see it and Europe only wants us when they need us. They don't appreciate shit. A weak U.S. means a more dangerous world. The world has been pretty much stable since WWII because of a strong U.S.

Your idea of stable leaves a lot to be desired. For 35 years we had the Cold War which brought the world to the brink of nuclear war with the Cuban Missile Crisis under JFK.

We had the Korean War, the Vietnam War, the mess in Bosnia, several messes in Uganda, Ethiopia, the Congo, and Rwanda, and East Timor. The Central African Republic is currently in danger of lapsing into genocide. Sri Lanka has a long running civil war.

Afghanistan has been invaded twice: once by Russia and once by the US.

The Middle East is a perpetual powder keg which frequently erupts into armed conflicts. Israel lives under a perpetual threat of terrorism and war, and only there can it reasonably be argued that threat of American intervention keeps an uneasy peace.

The former Soviet states are unstable at best. Chechnya has been in a state of chaos for years. And now the Russians are invading the Ukraine.

There's the Gulf War, the Iraq War, the Arab Spring, the mess in Syria. Several South American countries are always on the verge of economic collapse leading to civil unrest.

I'm truly hard pressed to see anywhere where the US has made things safer for anyone. Europe has been stable since WWII because they had to rebuild after that conflict. The destruction of WWII and WWII seems to have drained Europe of any interest in war.

The US is now the biggest aggressor nation in the world. You're not making the world safer. You're beating up on independent countries because you can.


I'm hard pressed to see how

You'd included with the leftist I was referring too. Europe rebuilt? We rebuilt it...

Marshall Plan - Wikipedia, the free encyclopedia

We also rebuilt Japan and look at them now.

The world has been stable place because of the United States. the Vietnam war was a battle in the overall war against communists expansion, which we ultimately won with the fall of the Soviet Empire. If it were left up to people like you, they'd still be around. (With Obama they may come back ..who knows.) Without the United States who fills the void? You should be thanking us not running your mouth. People like you are the reason a lot of people here don't care for Canadians much.

 

[Delta4Embassy]

https://news.yahoo.com/canadian-gov...DMTBsMm1uODllBGNvbG8DYmYxBHBvcwM4BHNlYwNzcg--

Canada's Conservative government looks set to comfortably balance its books in 2015 or even sooner, its latest budget showed on Tuesday, with cuts in spending on the public service more than offsetting a series of modest new expenditures.

The low-key spending plan leaves Prime Minister Stephen Harper well-positioned to offer tax breaks and other initiatives in the runup to an election scheduled for October next year.

"Some people will say this budget is boring," Finance Minister Jim Flaherty told reporters ahead of the budget speech. "Boring is good."

The budget shows a deficit of C$2.9 billion ($2.63 billion)in the 2014-15 fiscal year, up from the previous estimate of C$5.5 billion. That balance includes a C$3 billion contingency fund, which in fact reveals an underlying surplus that year.

Flaherty acknowledged the budget would be narrowly balanced this coming year without the contingency fund, but said he preferred to have a "nice clean surplus next year".

The government estimates a bigger-than-expected C$6.4 billion surplus in 2015-16. In the year ending March 31 of this year, the deficit is pegged at C$16.6 billion.

The Conservatives, in power since 2006, plunged into a deep deficit in 2008 as they pumped out stimulus money to deal with the recession after having cut taxes earlier. Previously, the Canadian government had an 11-year string of budget surpluses.

Why cant we do that?

Oh, yeah, because we let the thieves running our government hand out all those pork barrel goodies to the political machines that elected them.

Meanwhile we are facing the end of the gravy train in one fashion or another; either we wake up and do reform the responsible way and tighten our belts or the gravy train has a huge train wreck that harms a hundred times more people in greater magnitude.

CBO Director: 'Large and Growing Federal Debt' Could Produce 'Fiscal Crisis' | CNS News

On the same day House Speaker John Boehner said he would bring a "clean" debt ceiling bill to the House floor -- and join Democrats in voting for a 13-month extension of the debt limit -- the head of the Congressional Budget Office declared that the "large and growing federal debt" could eventually increase the risk of a "fiscal crisis."

"The large budget deficits recorded in recent years have substantially increased federal debt, and the amount of debt relative to the size of the economy is now very
high by historical standards," Elmendorf told the Senate Budget Committee.

-

Either way, this wont end pretty in all likelihood.

Helps having just 1.10th the population of the US and not being inclined to trying to take over the world and spending all your country's budgest on newer and more creative ways of murdering people.

 

[Jroc]

https://news.yahoo.com/canadian-gov...DMTBsMm1uODllBGNvbG8DYmYxBHBvcwM4BHNlYwNzcg--

Canada's Conservative government looks set to comfortably balance its books in 2015 or even sooner, its latest budget showed on Tuesday, with cuts in spending on the public service more than offsetting a series of modest new expenditures.

The low-key spending plan leaves Prime Minister Stephen Harper well-positioned to offer tax breaks and other initiatives in the runup to an election scheduled for October next year.

"Some people will say this budget is boring," Finance Minister Jim Flaherty told reporters ahead of the budget speech. "Boring is good."

The budget shows a deficit of C$2.9 billion ($2.63 billion)in the 2014-15 fiscal year, up from the previous estimate of C$5.5 billion. That balance includes a C$3 billion contingency fund, which in fact reveals an underlying surplus that year.

Flaherty acknowledged the budget would be narrowly balanced this coming year without the contingency fund, but said he preferred to have a "nice clean surplus next year".

The government estimates a bigger-than-expected C$6.4 billion surplus in 2015-16. In the year ending March 31 of this year, the deficit is pegged at C$16.6 billion.

The Conservatives, in power since 2006, plunged into a deep deficit in 2008 as they pumped out stimulus money to deal with the recession after having cut taxes earlier. Previously, the Canadian government had an 11-year string of budget surpluses.

Why cant we do that?

Oh, yeah, because we let the thieves running our government hand out all those pork barrel goodies to the political machines that elected them.

Meanwhile we are facing the end of the gravy train in one fashion or another; either we wake up and do reform the responsible way and tighten our belts or the gravy train has a huge train wreck that harms a hundred times more people in greater magnitude.

CBO Director: 'Large and Growing Federal Debt' Could Produce 'Fiscal Crisis' | CNS News

On the same day House Speaker John Boehner said he would bring a "clean" debt ceiling bill to the House floor -- and join Democrats in voting for a 13-month extension of the debt limit -- the head of the Congressional Budget Office declared that the "large and growing federal debt" could eventually increase the risk of a "fiscal crisis."

"The large budget deficits recorded in recent years have substantially increased federal debt, and the amount of debt relative to the size of the economy is now very
high by historical standards," Elmendorf told the Senate Budget Committee.

-

Either way, this wont end pretty in all likelihood.

Helps having just 1.10th the population of the US and not being inclined to trying to take over the world and spending all your country's budgest on newer and more creative ways of murdering people.

Go back to thinking ways of destroying deadly asteroids, because your a moron and an embarrassment

 

[JimBowie1958]

https://news.yahoo.com/canadian-gov...DMTBsMm1uODllBGNvbG8DYmYxBHBvcwM4BHNlYwNzcg--

Canada's Conservative government looks set to comfortably balance its books in 2015 or even sooner, its latest budget showed on Tuesday, with cuts in spending on the public service more than offsetting a series of modest new expenditures.

The low-key spending plan leaves Prime Minister Stephen Harper well-positioned to offer tax breaks and other initiatives in the runup to an election scheduled for October next year.

"Some people will say this budget is boring," Finance Minister Jim Flaherty told reporters ahead of the budget speech. "Boring is good."

The budget shows a deficit of C$2.9 billion ($2.63 billion)in the 2014-15 fiscal year, up from the previous estimate of C$5.5 billion. That balance includes a C$3 billion contingency fund, which in fact reveals an underlying surplus that year.

Flaherty acknowledged the budget would be narrowly balanced this coming year without the contingency fund, but said he preferred to have a "nice clean surplus next year".

The government estimates a bigger-than-expected C$6.4 billion surplus in 2015-16. In the year ending March 31 of this year, the deficit is pegged at C$16.6 billion.

The Conservatives, in power since 2006, plunged into a deep deficit in 2008 as they pumped out stimulus money to deal with the recession after having cut taxes earlier. Previously, the Canadian government had an 11-year string of budget surpluses.

Why cant we do that?

Oh, yeah, because we let the thieves running our government hand out all those pork barrel goodies to the political machines that elected them.

Meanwhile we are facing the end of the gravy train in one fashion or another; either we wake up and do reform the responsible way and tighten our belts or the gravy train has a huge train wreck that harms a hundred times more people in greater magnitude.

CBO Director: 'Large and Growing Federal Debt' Could Produce 'Fiscal Crisis' | CNS News

On the same day House Speaker John Boehner said he would bring a "clean" debt ceiling bill to the House floor -- and join Democrats in voting for a 13-month extension of the debt limit -- the head of the Congressional Budget Office declared that the "large and growing federal debt" could eventually increase the risk of a "fiscal crisis."

"The large budget deficits recorded in recent years have substantially increased federal debt, and the amount of debt relative to the size of the economy is now very
high by historical standards," Elmendorf told the Senate Budget Committee.

-

Either way, this wont end pretty in all likelihood.

Helps having just 1.10th the population of the US and not being inclined to trying to take over the world and spending all your country's budgest on newer and more creative ways of murdering people.

Military budget is a small portion of the total and hasn't really grown that much over the last 5 years. The exploding growth is in entitlements and this ACA boondoggle.

The federal budget is an ensuing train wreck.

Hide your savings.