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Ottawa posts $5.1B surplus in February

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Ottawa posts $5.1B surplus in February


Political | 207691 hits | Apr 25 10:39 am | Posted by: Regina
48 Comment

The federal treasury has reported its biggest monthly surplus since the recession, suggesting that Ottawa will handily beat the current fiscal year's deficit projection the government released in last month's budget.

Comments

  1. by avatar N_Fiddledog
    Fri Apr 25, 2014 8:01 pm
    Well, there goes another lefty talking point down the sewer.

    It's been a bad week for them. First the pollywog prog lost his "Middle Class is in trouble" talking point, and now this.

  2. by avatar DrCaleb
    Fri Apr 25, 2014 8:08 pm
    Looks like they can re-instate all the cuts they made in the last budget.

    Or reduce my tax burden.

  3. by avatar Gunnair  Gold Member
    Fri Apr 25, 2014 8:12 pm
    I know one Canadian military that ponied up a lot of those bucks. Glad the righties have a hard on for rotting hulks, old planes and rusting trucks.

  4. by avatar Jabberwalker
    Fri Apr 25, 2014 8:13 pm
    That is an old, old story passed from generation to generation.


    ... unfortunately.

  5. by peck420
    Fri Apr 25, 2014 8:15 pm
    Or be patient until the deficit is gone? This is a monthly surplus, we are still running a deficit for the year.

    Or, maybe, even be a little more patient and get rid of some of our debt? The dividends that that would pay out, for future generations of Canadians, would be incalculable.

  6. by OnTheIce
    Fri Apr 25, 2014 8:24 pm
    "peck420" said
    Or be patient until the deficit is gone? This is a monthly surplus, we are still running a deficit for the year.

    Or, maybe, even be a little more patient and get rid of some of our debt? The dividends that that would pay out, for future generations of Canadians, would be incalculable.


    Exactly!

    We need to pay down some debt. It's killing us.

    Unfortuntely, when that happens, we'll have the rabid left screaming that Canada is 'throwing away money' when paying off debt. :lol:

  7. by avatar BartSimpson  Gold Member
    Fri Apr 25, 2014 8:30 pm
    Pay down the debt, solid advice! R=UP

  8. by peck420
    Fri Apr 25, 2014 8:31 pm
    "OnTheIce" said

    Unfortunately, when that happens, we'll have the rabid left screaming that Canada is 'throwing away money' when paying off debt. :lol:

    And to a large extent, they would be right.

    Creating a infrastructure debt, in lieu of a fiscal debt, has done nothing great for Alberta. Same for healthcare and education.

    They are all debts that will eventually need to be repaid. Granted, I do like the idea of paying the fiscal debts promptly, to minimize debt servicing costs, that doesn't diminish the fact that there are servicing costs associated with ignoring other areas as well.

    We need a good balance.

  9. by avatar DrCaleb
    Fri Apr 25, 2014 8:31 pm
    "OnTheIce" said
    Or be patient until the deficit is gone? This is a monthly surplus, we are still running a deficit for the year.

    Or, maybe, even be a little more patient and get rid of some of our debt? The dividends that that would pay out, for future generations of Canadians, would be incalculable.


    Exactly!

    We need to pay down some debt. It's killing us.

    Unfortuntely, when that happens, we'll have the rabid left screaming that Canada is 'throwing away money' when paying off debt. :lol:

    Interest rates are cheap, but the cuts made to science and technology programs will have huge financial impacts for decades to come.

    Short term pain, long term gain.

  10. by avatar Zipperfish  Gold Member
    Fri Apr 25, 2014 8:41 pm
    "N_Fiddledog" said
    Well, there goes another lefty talking point down the sewer.

    It's been a bad week for them. First the pollywog prog lost his "Middle Class is in trouble" talking point, and now this.


    Bundy saved it from being a total disaster. :lol:

  11. by avatar martin14
    Fri Apr 25, 2014 8:45 pm
    "DrCaleb" said


    Interest rates are cheap,


    This too will change.


    Pay it with the low rates to avoid paying higher rates later.

  12. by avatar saturn_656
    Fri Apr 25, 2014 8:57 pm
    "martin14" said
    This too will change.


    Pay it with the low rates to avoid paying higher rates later.


    That require a level of foresight I would be amazed to see in the government. Still they're better than the private sector though. Try getting them to see beyond the next quarterly report.

  13. by avatar Jabberwalker
    Fri Apr 25, 2014 9:11 pm
    "Honey! What's our VISA limit, again?"

  14. by avatar smorgdonkey
    Fri Apr 25, 2014 9:26 pm
    "N_Fiddledog" said
    Well, there goes another lefty talking point down the sewer.

    It's been a bad week for them. First the pollywog prog lost his "Middle Class is in trouble" talking point, and now this.


    Losing the 'talking point' doesn't mean it is defeated...they consider people making $100 000.00 per year 'middle class'.

    It's like losing the investigation into the election robocalls...they can't prove there was a conspiracy. That doesn't mean that they didn't intend to do exactly what they did which was call people up and give them bad information. But now they can gloat about being innocent and running an ethical campaign.

    Anyone willing to call anyone a 'lefty' at this point is wearing Stevie Wonder's glasses.



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  • N_Fiddledog Fri Apr 25, 2014 11:57 am
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