spending https://canadianriley.com Canadian Riley From Parliament to You Independent Political News Blog Sun, 04 Jun 2023 02:42:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://i0.wp.com/canadianriley.com/wp-content/uploads/2022/06/cropped-canadian-riley.png?fit=32%2C32&ssl=1 spending https://canadianriley.com 32 32 214541444 Pierre Poilievre asking the Liberals during question period not to raise anymore taxes https://canadianriley.com/pierre-poilievre-asking-the-liberals-during-question-period-not-to-raise-anymore-taxes/ https://canadianriley.com/pierre-poilievre-asking-the-liberals-during-question-period-not-to-raise-anymore-taxes/?noamp=mobile#respond Thu, 22 Sep 2022 01:58:20 +0000 https://canadianriley.com/?p=2013 Pierre Poilievre’s first day in Parliament as the leader of the opposition focuses on asking the Liberals during question period not to raise anymore taxes. Liberals respond with ways they are providing support to Canadians in forms of new spending, but do not commit to not raising taxes.
Source: House of Commons Sept 20, 2022.

]]> https://canadianriley.com/pierre-poilievre-asking-the-liberals-during-question-period-not-to-raise-anymore-taxes/feed/ 0 2013 Liberals Feeling the Inflationary Heat in HOC! Inflation is So Bad That Both the NDP and the Conservatives are Grilling the Liberals https://canadianriley.com/liberals-feeling-the-inflationary-heat-in-hoc-inflation-is-so-bad-that-both-the-ndp-and-the-conservatives-are-grilling-the-liberals/ https://canadianriley.com/liberals-feeling-the-inflationary-heat-in-hoc-inflation-is-so-bad-that-both-the-ndp-and-the-conservatives-are-grilling-the-liberals/?noamp=mobile#respond Tue, 21 Jun 2022 21:45:17 +0000 https://canadianriley.com/?p=774 Liberals Feeling the Inflationary Heat in HOC! Inflation is So Bad That Both the NDP and the Conservatives are Grilling the Liberals. The Finance Minister must be wearing industrial grade noise cancelling earphones to avoid hearing the calls from economist to Qatar government’s over the top spending. She knows that it’s only adding gas to the inflationary fire. The Prime Minister has said that anything that has a hint of fiscal risk considering restraint he is austerity. He acts Bill Morneau for wanting to get COVID Post COVID spending under control is she worried that if she presents anything to the prime minister that remotely resembles a cat that she might suffer the same fate of her predecessor, who went from finance minister more no to finance minister.

“They keep talking about things that they were doing or should have been doing before inflation struck. The fact is, Canadians are worried about losing their homes. They’re worried about feeding their families.”

]]> https://canadianriley.com/liberals-feeling-the-inflationary-heat-in-hoc-inflation-is-so-bad-that-both-the-ndp-and-the-conservatives-are-grilling-the-liberals/feed/ 0 774 Candice Bergen the NDP-Liberals are More than Happy to use Inflation to Collect More Taxes https://canadianriley.com/candice-bergen-the-ndp-liberals-are-more-than-happy-to-use-inflation-to-collect-more-taxes/ https://canadianriley.com/candice-bergen-the-ndp-liberals-are-more-than-happy-to-use-inflation-to-collect-more-taxes/?noamp=mobile#respond Tue, 21 Jun 2022 04:35:20 +0000 https://canadianriley.com/?p=736 Candice Bergen speaks out about the Liberals inflation and spending. “The NDP-Liberals don’t care if you are paying more at the pump, grocery store, or for housing. They’re more than happy to use inflation to collect more taxes.”

Candice Bergen: We are suffering with record high inflation:

“We are suffering with record high inflation, and it’s clear these liberals have no plan to deal with it responsibly, except more of the same mismanagement that got us here in the first place out of control spending.”

]]> https://canadianriley.com/candice-bergen-the-ndp-liberals-are-more-than-happy-to-use-inflation-to-collect-more-taxes/feed/ 0 736 More Inflation – Chrystia Freeland and The Liberal’s Plan to Control Inflation https://canadianriley.com/more-inflation-chrystia-freeland-and-the-liberals-plan-to-control-inflation/ https://canadianriley.com/more-inflation-chrystia-freeland-and-the-liberals-plan-to-control-inflation/?noamp=mobile#respond Fri, 17 Jun 2022 01:13:50 +0000 https://canadianriley.com/?p=568 “I’m confident that our plan is the right one. But I do not underestimate the economic difficulties and, frankly, the uncertainty of the months to come,” says Finance Minister Chrystia Freeland in Toronto speech on government’s proposals to ease the impact of inflation.

Canadian inflation currently stands at 6.8 per cent. This means that the loonie is losing nearly seven cents of purchasing power every 12 months. For a Canadian earning a median income of $55,700 per year, that translates to an annual inflationary loss of $3,787.60.

On the eve of the COVID-19 pandemic, Canadian federal debt stood at $686 billion. That’s now ballooned to more than $1.1 trillion. Even after a sharp scale back in government spending for the 2022 budget, Canada is still spending well above pre-pandemic levels; this year’s $52.8 billion deficit represents $1,400 per Canadian in new debt

Government spending has been so massive, in fact, that the average Canadian was ultimately sitting on more cash than if a pandemic had never happened. Or, as the Bank of Canada put it, “extraordinary fiscal support more than offset (pandemic) income losses, so on balance, household income increased.”

“The five points I’ve spoken about today, respect for the central role of the Bank of Canada, investing in people, fiscal restraint, good jobs, and a new affordability plan will help sustain the robust recovery we’ve made from the COVID recession.”

 

 

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