http://ottawacitizen.com/news/politics/denley-trudeaus-troubling-inconsistency
-------------------------------------------------------------------
One well written reader comment: (with concrete FACTS - unbiased truth)
Diane, Really? Do you take posts from Goodale? The LPC statement is true there was a surplus, but what is not being stated is the following:
1. Provincial Transfers went from $41.9B in 2006 to 60.1B in 2013. Transfers are averaging about 3.4% over the past 8 years. There will be argument that the last budget/annual report by LPC the transfers were 3.6% of GDP. Per my discussion with Mr. Goodale was that he restored the transfers as such there likely was a spike up to cover years of neglect. I reviewed the 2004 annual report and the transfers were about 30B.
2. The government also made tax cuts to help the GDP by allowing more people to spend money. It is consumer spending that drives the economy as such the tax cuts help circulate money into the economy. http://globalnews.ca/.../tax-cuts-since-2005-net.../ or http://www.statcan.gc.ca/.../l01/cst01/famil130a-eng.htm.
3. I could also go into the dedicated moneys of $70B for infrastructure as that is also part of the surplus management: The Federal government has committed $70B to the provinces and territories over 10 years for infrastructure spending. http://www.infrastructure.gc.ca/.../gtf-fte-2013-eng.html or http://www.infrastructure.gc.ca/.../RPP-2014-2015-eng.pdf.
4. Program spending has also dropped to 13.5% of GDP the lowest level in 10+ years. Harper continues to keep the lid on growth on program expense. Yet Harper still has put $25B more into direct program spending from the levels under The LPC. I am sure the LPC supporters will say that he has gutted programs, i.e. Veterans, OAS, low income, etc.
5. Accumulated Deficit growth has slowed due to growing economy and measures by the government to managed the deficits over the past several years. Canada was running accumulated deficit of GDP at 41% in 2006 to 33.1 in 2013. Yes, the GDP is higher, but it does show that harper managed to slow the deficit growth over the past few years.
6. Revenue of GDP was 20.1% under Martin, but now is 14% under Harper. Harper and his government has made changes to tax policies to put more money into people’s pocket as such the overall corporate/personal tax revenue went from 132B in 2006 to 166B in 2013. The growth of revenue show that the economy has performed well despite the major recession in 2008-2009.
7. Corporate Tax Revenue http://www.fin.gc.ca/afr-rfa/2014/afr-rfa-eng.pdf. Corporate Tax revenue is $36B and the feds are schedule to balance the budget in 2015.
8. Debt to GDP is the lowest in the G-8 at 40%. Debt to GDP is about where it was back when Martin was in power in early 2000s.
9. Harper has kept taxes down, but put money back into program spending. (see links to below presentation)
10. Harper is not responsible for provinces introducing the health premium, carbon taxes, etc. Harper has up the transfers to provinces and yet nothing is said on that work, why?
So, the argument could be that part of the surplus was return by upping the transfers to the province as well as putting more money into taxpayers pocket to spurn consumer spending. The LPC likes to say the surplus was blown, but the reality the surplus was re-allocated to support economic measures.
Source: http://www.fin.gc.ca/afr-rfa/2013/afr-rfa-eng.pdf
Source: http://www.statcan.gc.ca/.../sum.../l01/cst01/econ04-eng.htm
Source: http://www.tradingeconomics.com/canada/gdp
Source: http://www.nationalchildbenefit.ca/eng/06/chap1.shtml
Source: http://www.fin.gc.ca/fedprov/mtp-eng.asp
Source: http://www.tradingeconomics.com/canada/consumer-spending
Source: http://www.budget.gc.ca/efp-peb/2014/pub/chap03-eng.html
Source: Presentation - http://www.slideshare.net/.../provincial-transfers-and...
Source: http://www.slideshare.net/paulyo.../harper-policies-analysis
Source: http://www.slideshare.net/paulyoungcga/first-nation-funding
Source: http://www.slideshare.net/paulyoungcga/internal-trade-canada
Source: http://www.slideshare.net/.../military-spending-for-canada
Source: http://www.slideshare.net/paulyoungcga/municipalities-canada
I can provide more evidence on what lapsing funds are in terms of a government tool as part of the fiscal management cycle. LPC used lapsing funds in the 1990s along with cuts to various departments. You seem to ignore the cuts in the 1990s, why? http://irpp.org/.../prudent-budgeting-and.../vol15no6.pdf
-------------------------------------------------------------------
One well written reader comment: (with concrete FACTS - unbiased truth)
Diane, Really? Do you take posts from Goodale? The LPC statement is true there was a surplus, but what is not being stated is the following:
1. Provincial Transfers went from $41.9B in 2006 to 60.1B in 2013. Transfers are averaging about 3.4% over the past 8 years. There will be argument that the last budget/annual report by LPC the transfers were 3.6% of GDP. Per my discussion with Mr. Goodale was that he restored the transfers as such there likely was a spike up to cover years of neglect. I reviewed the 2004 annual report and the transfers were about 30B.
2. The government also made tax cuts to help the GDP by allowing more people to spend money. It is consumer spending that drives the economy as such the tax cuts help circulate money into the economy. http://globalnews.ca/.../tax-cuts-since-2005-net.../ or http://www.statcan.gc.ca/.../l01/cst01/famil130a-eng.htm.
3. I could also go into the dedicated moneys of $70B for infrastructure as that is also part of the surplus management: The Federal government has committed $70B to the provinces and territories over 10 years for infrastructure spending. http://www.infrastructure.gc.ca/.../gtf-fte-2013-eng.html or http://www.infrastructure.gc.ca/.../RPP-2014-2015-eng.pdf.
4. Program spending has also dropped to 13.5% of GDP the lowest level in 10+ years. Harper continues to keep the lid on growth on program expense. Yet Harper still has put $25B more into direct program spending from the levels under The LPC. I am sure the LPC supporters will say that he has gutted programs, i.e. Veterans, OAS, low income, etc.
5. Accumulated Deficit growth has slowed due to growing economy and measures by the government to managed the deficits over the past several years. Canada was running accumulated deficit of GDP at 41% in 2006 to 33.1 in 2013. Yes, the GDP is higher, but it does show that harper managed to slow the deficit growth over the past few years.
6. Revenue of GDP was 20.1% under Martin, but now is 14% under Harper. Harper and his government has made changes to tax policies to put more money into people’s pocket as such the overall corporate/personal tax revenue went from 132B in 2006 to 166B in 2013. The growth of revenue show that the economy has performed well despite the major recession in 2008-2009.
7. Corporate Tax Revenue http://www.fin.gc.ca/afr-rfa/2014/afr-rfa-eng.pdf. Corporate Tax revenue is $36B and the feds are schedule to balance the budget in 2015.
8. Debt to GDP is the lowest in the G-8 at 40%. Debt to GDP is about where it was back when Martin was in power in early 2000s.
9. Harper has kept taxes down, but put money back into program spending. (see links to below presentation)
10. Harper is not responsible for provinces introducing the health premium, carbon taxes, etc. Harper has up the transfers to provinces and yet nothing is said on that work, why?
So, the argument could be that part of the surplus was return by upping the transfers to the province as well as putting more money into taxpayers pocket to spurn consumer spending. The LPC likes to say the surplus was blown, but the reality the surplus was re-allocated to support economic measures.
Source: http://www.fin.gc.ca/afr-rfa/2013/afr-rfa-eng.pdf
Source: http://www.statcan.gc.ca/.../sum.../l01/cst01/econ04-eng.htm
Source: http://www.tradingeconomics.com/canada/gdp
Source: http://www.nationalchildbenefit.ca/eng/06/chap1.shtml
Source: http://www.fin.gc.ca/fedprov/mtp-eng.asp
Source: http://www.tradingeconomics.com/canada/consumer-spending
Source: http://www.budget.gc.ca/efp-peb/2014/pub/chap03-eng.html
Source: Presentation - http://www.slideshare.net/.../provincial-transfers-and...
Source: http://www.slideshare.net/paulyo.../harper-policies-analysis
Source: http://www.slideshare.net/paulyoungcga/first-nation-funding
Source: http://www.slideshare.net/paulyoungcga/internal-trade-canada
Source: http://www.slideshare.net/.../military-spending-for-canada
Source: http://www.slideshare.net/paulyoungcga/municipalities-canada
I can provide more evidence on what lapsing funds are in terms of a government tool as part of the fiscal management cycle. LPC used lapsing funds in the 1990s along with cuts to various departments. You seem to ignore the cuts in the 1990s, why? http://irpp.org/.../prudent-budgeting-and.../vol15no6.pdf
