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Poll: Budget 2009...!
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View this Thread in Original format
| exstasie |
So now that the budget is out.
Simply put..do you support it?
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| Skipper |
I dunno.
I've spent the last few weeks at work studying various government responses to this recession and ones prior, and while I'm not convinced the spending itself is what pulls economies out of the gutter, the consequences of NOT spending are largely the result of how that refusal to spend affects consumer confidence. Fear of a recession breeds a recession, and for this reason, there was really no choice in the US that they had to do something big.
It's difficult to tell how much of the infrastructure component will actually be incremental to the existing infrastructure programs and how much will be just accelerated access to funding that was already promised, just held up in red tape.
I'm kind of meh about it. Maybe if I had any RRSPs left to buy something with, I'd give a about the extra 5K on the first time home buyers plan, but alas... |
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| patpicos |
i wish the renovations credit was retroactive...i did my bsmt last year!
bad timing i guess! If i still have my job by summer's end....might work on the kitchen and take advantage of it....right now its all about paying off debt! |
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| exstasie |
| quote: | Originally posted by Skipper
I dunno.
I've spent the last few weeks at work studying various government responses to this recession and ones prior, and while I'm not convinced the spending itself is what pulls economies out of the gutter, the consequences of NOT spending are largely the result of how that refusal to spend affects consumer confidence. Fear of a recession breeds a recession, and for this reason, there was really no choice in the US that they had to do something big.
It's difficult to tell how much of the infrastructure component will actually be incremental to the existing infrastructure programs and how much will be just accelerated access to funding that was already promised, just held up in red tape.
I'm kind of meh about it. Maybe if I had any RRSPs left to buy something with, I'd give a about the extra 5K on the first time home buyers plan, but alas... |
I think the best way to solve is the let the economy work itself out on its own. If that means a rise in unemployment, then so be it. The economy needs to correct itself. No point in covering up the inefficiencies of the economy by throwing money at it. But i don't think they can do this.
Like you mentioned about consumer confidence, the conservatives didn't really have a choice. And its not like its that bad. I think the deficit works out to be around 2% of the overall GDP, which honestly is peanuts compared to some bailouts in the past.
Personally, there isn't too much in there that has an impact to me. Yes, lower income tax is nice, but not going to do much.
Increase the RRSP to $25,000 is great, but I'm not going to be using my RRSP money for my down payment. I'd rather keep that in there for when the market finally turns around.
The only thing that really helps me is the $750.00 tax rebate for first time homebuyers, and even with that I dno't know if I qualify.
Ah well, I just hope the Liberals accept it...I don't think the country needs another election. Even though that will somewhat help stimulate the economy with all of the retarded campaigning...
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| jpgrdnr |
| I'm a bit weary of the Liberals supporting this. The budget itself seems pretty cookie cutter, which seems to be what critics are harping on about. To give the Conservatives a bit of credit the budget was going to be flogged no matter which way they went in terms of spending. I personally don't want another election or that silly idea the Liberals were tossing about in Dec. I think Harper has aptly played it out so that the budget will pass. The deficit smells pretty ripe, but I have no opinion or idea otherwise. It stinks but I guess we're going to have to live with it? |
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| Skipper |
Well yeah, the twist in the whole mess is that even though the budget will probably get opposed no matter what,if the conservatives did nothing they would REALLY be digging their own grave.
If we go to another election now I think Harper has a good chance at a majority. It's not the right time to be voting again and another election forced on us by the Liberal/NDP coalition will piss a lot of people off, enough to maybe tip the scales towards Harper. |
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| malek |
big big meh...
-the tax cuts are so ridiculous, that they would've done without.
-mass transit are so minimal that really it's just a big joke.
-the federal is really spending 18 billion this year, i'm sure a good chunk of it was supposed to be spent anyways, not lot of new monies there.
blah... harper is finished. |
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| Moral Hazard |
| quote: | Originally posted by malek
big big meh...
-the tax cuts are so ridiculous, that they would've done without.
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The tax cuts are really only there so that if the government is defeated they can argue "the Liberals voted against income tax cuts" in the next campaign. |
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| ChemEnhanced |
| nothing about the budget jumps out at me as truly benefiting me...unless I decide to renovate my Kitchen this year. Its a safe Budget that will most likely pass...I don't think the Liberals truly want a coalition or another election. |
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| exstasie |
Ignatieff puts Harper Tories ‘on probation'
OTTAWA — Liberal Leader Michael Ignatieff will move an amendment to the budget that would require the Conservatives to release regular status reports on the economy.
The amendment will force the government to provide reports updating its progress on implementing the stimulus in March, June and December. Mr. Ignatieff said each report will provide the Liberals with an opportunity to withdraw its support of the government if the progress is deemed unacceptable.
“We will be watching like hawks,” Mr. Ignatieff told reporters, describing the amendment as effectively putting the Conservative government “on probation.”
“Canadians don't want another election, and they're tired of political games. They have waited too long for action on the economy for us to fail them now because of partisan interest,” he said.
Mr. Ignatieff said his party is concerned the budget fails to improve Employment Insurance, backtracks on equalization pledges made to the provinces two years ago, does little to position Canada for the “green economy” and does not have an adequate plan to return the government's numbers to surplus.
Nonetheless, Mr. Ignatieff said the budget contains enough positive stimulus measures to avoid a federal election. Mr. Ignatieff said the Conservatives only changed course because of the threat of being defeated by an opposition coalition.
“These measures are only in the budget because the opposition parties did their job,” he said. “This is a budget that means the needs of today. We'll see if it meets the needs of tomorrow.” ...
http://www.theglobeandmail.com/serv...y/politics/home
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| dEsidEL |
i would have thought Iggy's desire to be the first major political leader to meet with Obama after taking office would be enuff incentive to vote down the budget lol ..
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