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 Posted: Wed Mar 28, 2012 11:42 am Post subject: Budget 2012: $8 billion in cuts? |
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| Quote: | Finance Minister Jim Flaherty will introduce a budget Thursday that could contain up to $8 billion in cuts to programs and services, leading to nervousness about how some Canadians might feel the pinch.
The budget is expected to contain precious few details about precisely which jobs and programs will be lost, meaning Canadians won't know the full effects for several months. Some are warning that the spending blueprint will harm services and put the public at risk, while others, including the government itself, are suggesting the austerity will not be painful.
Glen Hodgson, chief economist at the Conference Board of Canada, expects most of the cuts to be in the government's administrative ranks and to unpopular programs rather than front-line services |
http://www.cbc.ca/news/politic.....xiety.html
Last edited by cosmostein on Thu Mar 29, 2012 4:48 pm; edited 1 time in total |
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| Posted: Wed Mar 28, 2012 11:44 am Post subject: |
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| Since 2006 there have been calls from CPC voters to finally make the cuts to reduce government, and it looks like we may finally start seeing that. |
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| Posted: Wed Mar 28, 2012 9:49 pm Post subject: |
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| cosmostein wrote: | | Since 2006 there have been calls from CPC voters to finally make the cuts to reduce government, and it looks like we may finally start seeing that. |
To bad they've already bloated it since then. |
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| Posted: Thu Mar 29, 2012 8:39 am Post subject: |
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| Progressive Tory wrote: | | cosmostein wrote: | | Since 2006 there have been calls from CPC voters to finally make the cuts to reduce government, and it looks like we may finally start seeing that. |
To bad they've already bloated it since then. |
The fear-mongers for years thumbs their nose at change within a majority parliament when the excuse of minority budgets were passed saying that all Harper would do when he had a majority would be hold the course and use the excuse of being re-elected in four years as the reason why he held the course.
Its hard to argue that this budget which is the first to be fully crafted under a majority mandate is not the fiscally Conservative budget most of us expected when he secured a majority mandate. |
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| Posted: Thu Mar 29, 2012 12:38 pm Post subject: |
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| I agree with stimulus spending, though I wasn't fussy on how Harper did it, but before the recession Harper continued to increase program expenses. Will program expenses per capita go back to what it was in 2006? |
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| Posted: Thu Mar 29, 2012 1:26 pm Post subject: |
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8b would be roughly a 10% reduction in the governments discretionary budget; (give or take)
If this is the mentality of government spending under a majority mandate I can forgive the feel good budgets passed within the minority mandates which bloated government. |
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| Posted: Thu Mar 29, 2012 4:13 pm Post subject: |
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PROGRESSIVE PM AND FINANCE MINISTER WIMP OUT OF AUSTERITY BUDGET
This fantasy farce that our PM and Finance Minister insist on calling a fiscally responsible defict reducing budget, while in reality they are only decreasing the rate of growth in spending, not reducing spending, is the type of farce that any Liberal could have written.
This sad excuse for an conservative budget with its $3 billion of new spending, and which fails to eliminate the deficit until the 2015/16 fiscal year, is somthing that will encourage genuine small-c fiscally responsible conservatives to demand the retirement of both our progressive PM and his so-called finance minister.
Rather than decreasing the bureaurcy by 60,000 as fiscally responsible conservatives are demanding, or even cutting the 33,000 new civil servants that Harper has increased the bureaurcy by, our left-plunging PM only plans to decrease the over-paid,under worked, mostly useless bureaucry by a modest 19,000 persons, or as the minister is now saying will only be about 12000 due to retirements. |
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| Posted: Thu Mar 29, 2012 4:39 pm Post subject: |
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| machiavelli wrote: | | our left-plunging PM only plans to decrease the over-paid,under worked, mostly useless bureaucry by a modest 19,000 persons, or as the minister is now saying will only be about 12000 due to retirements. |
If he was left plunging wouldn't he be adding government jobs?
Seems kinda like center plunging at best. |
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| Posted: Thu Mar 29, 2012 4:42 pm Post subject: |
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Sadly the 8b ended up being 5.2b
The Highlight reel (Thanks to the Winnipeg Free Press for being one of the few to do so in non-video form)
| Quote: | Production of the penny to cease this fall, saving an estimated $11 million a year.
Deficit projected to fall $8.5 billion, to $24.9 billion for 2011-12, to decline to $21.1 billion next year and to disappear by 2015.
More than $5 billion in cuts to annual federal spending by 2014-15.
Job cuts: 19,200 federal positions to be eliminated, or 4.8 per cent of the federal workforce.
Age of eligibility for old age security and the guaranteed income supplement to gradually move to 67 from 65, beginning in 2023.
$5.2 billion over 11 years to renew and refit the Canadian Coast Guard's fleet of vessels and helicopters.
Eligible Canadians to be allowed to defer old age security for a maximum of five years, beginning in 2013, in exchange for higher benefits.
$1.1 billion in research and development over five years, plus $500 million to encourage venture capital investment by the private sector.
First Nations reserves: $275 million over three years for schools and education, $330.8 million over two years to improve water systems and water quality.
CBC to lose 10 per cent of annual funding.
Return $130 million in fees to nearly 300,000 would-be Canadian immigrants to eliminate backlog in skilled-worker applications;
$482 million over two years to improve the effectiveness of the employment insurance system, including incentives for accepting work and ensuring benefit levels align with local labour market conditions.
Cap on annual increases to employment insurance premiums until operating budget is balanced.
$205 million for a one-year extension of a temporary hiring credit for small businesses.
$50 million over two years to provide job skills training for young people. |
http://www.winnipegfreepress.c.....56285.html |
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| Posted: Mon Apr 02, 2012 11:39 am Post subject: |
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| Kind of like a Jean Chr้tien budget......... Especially since Harper has spent away the surplus 100 times over, increased spending and increased the size of the federal bureaucracy... Maybe we need a Federal Wild Rose party..... lol |
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| Posted: Mon Apr 02, 2012 11:56 am Post subject: |
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| tpsdoodle wrote: | | Kind of like a Jean Chr้tien budget......... Especially since Harper has spent away the surplus 100 times over, increased spending and increased the size of the federal bureaucracy... Maybe we need a Federal Wild Rose party..... lol |
I'll take the fact that I am seeing spending cuts for the first time in nearly two decades as a victory.
The fact that there is whining over 6b in cuts rather then 9b is a stark change from the last few years. |
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| Posted: Mon Apr 02, 2012 1:17 pm Post subject: |
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| True enough....... Something is better than nothing..... |
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| Posted: Mon Apr 02, 2012 2:10 pm Post subject: |
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As long as its a trend and not a blip I can live with this sort of mindset;
They are also planning to overhaul MP pensions which you should be thrilled with no? |
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| Posted: Tue Apr 03, 2012 7:36 am Post subject: |
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| Yes a very good idea with the pensions........... |
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| Posted: Tue Apr 03, 2012 12:00 pm Post subject: |
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| I heard from someone working in the federal government that if Harper would allow anyone to go with the packages that were announced they thought that 50 of 120 employees in their department would go. |
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