Skip to main content

“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Kruggel: Liberals are 9 for 9 budgets in deficit and 9 for 9 budgets where they have completely missed their targets

Early estimates are that the budget deficit will be $46 billion on the low end, for 2024/25, and $55 billion on the high end. Fiscal 2023/24 the deficit was $50 billion for comparison.
 

We now have a date of December 16. Chrystia Freeland will stand in the House of Commons and give the update as to the government's finances and how the government is on track to meet its budgetary promises and obligations. The government will then break for their Christmas holidays a couple of days later.

Ms. Freeland stated when she delivered the budget last spring that she would cap the deficit at $40 billion. It was her way of taking the deficit story away from the Conservatives by promising she had it under control.

The Parliamentary Budget Officer has warned for months that the $40 billion cap was never going to be met. He's cited several erroneous assumptions on revenues and the economy. He noted that spending had already far exceeded the Liberals budgetary promises.

He wasn't alone Banks, their experts that watch the budget and government finances, have said the same thing.

Early estimates are that the budget deficit will be $46 billion on the low end, for 2024/25, and $55 billion on the high end. Fiscal 2023/24 the deficit was $50 billion for comparison.

In practice none of this really matters.

We are talking sovereign debt. The government and the Bank of Canada can create money out of thin air for use within the country. Creating too much does create inflationary pressure. That's the only real problem. That inflationary pressure can become substantial. Venezuela, Argentina, Zimbabwe, and Wiemar Germany are all good examples of this.

The main issue here is that the Liberals are 9 for 9 budgets in deficit and 9 for 9 budgets where they have completely missed their targets I do not fault them for 2020 - 2022. The pandemic was beyond their control. Since then, they have failed to unwind spending as they promised.

This becomes the public relations disaster. The Liberals know this too. They delayed the Fiscal Update to minimize discussion in Parliament. Pierre Poilievre made it clear he'd pause his partisan games on the documents debate for the Update a few weeks ago. Freeland remained silent.

Fact is, the Liberals cannot escape this becoming a big, black eye for them.

Poilievre, speaking to reporters the other day summed it up with a new line of attack stating that the Prime Minister has lost control of the budget, lost control of the border, and lost control of his own party.

A government that has lost control. That's rather ironic.


ABOUT DEVON KRUGGEL:
I'm a 50-year-old Caucasian male and was a right winger of sorts from the age of 16 until I was about 47 or so. I have got a degree in History and Political Science and one in Computer Science. Bachelors. I've been in BC since 1990, and have lived on Vancouver Island since 1993.

Labels:

Comments

Post a Comment

Popular posts from this blog

BC’s Forestry Decline Is a Policy Failure, Not a Market Reality -- Forestry Critic Calls for Accountability and Urgent Policy Reset

Conservative Party of BC Forestry Critic, and Kamloops - North Thompson MLA,  Ward Stamer As the Truck Loggers Association convention begins today, BC Conservative Forestry Critic Ward Stamer says British Columbia’s forestry crisis is the result of government mismanagement, not market forces, and that an urgent policy reset is needed to restore certainty, sustainability, and accountability. “For generations, forestry supported families and communities across BC,” said Stamer.  “Today, mills are closing, contractors are parking equipment, and families are being forced to leave home, not because the resource is gone, but because policy has failed.” Government data shows timber shipment values dropped by more than half a billion dollars in the past year, with harvest levels falling by roughly 50 per cent in just four years. At the same time, prolonged permitting timelines, unreliable fibre access, outdated forest inventories, and rising costs have made long-term planning impossib...
Post a Comment
Read more

BC cannot regulate, redesign, and reinterpret its way to a stable forestry sector. Communities need clear rules, predictable timelines, and accountability for results.

Photo credit:  Atli Resources LP   BC’s Forestry Crisis Continues with Closure of Beaver Cove Chip Facility   As industry leaders, Indigenous partners, and contractors gather this week at the BC Natural Resources Forum in Prince George, the gap between government rhetoric and reality could not be clearer. Just hours after the Eby government once again touted reconciliation, certainty, and economic opportunity under DRIPA, Atli Chip Ltd, a company wholly owned by the ’Na̱mg̱is First Nation, announced it is managing the orderly closure of its Beaver Cove chip facility. The closure comes despite public tax dollars, repeated government announcements, and assurances that new policy frameworks would stabilize forestry employment and create long-term opportunity in rural and coastal British Columbia. “British Columbians are being told one story, while communities are living another,” said Ward Stamer, Critic for Forests. “This closure makes it clear that announcement...
Post a Comment
Read more

Eby government signs another land-use agreement, as they say one thing and do another, during DRIPA chaos

While promising to fix DRIPA, the Eby government continues to quietly sign binding land-use agreements that fundamentally alter how Crown land is governed in British Columbia. On January 15, 2026, the government signed four ministerial orders advancing the Gwa’ni Land Use Planning Project with the ’Na̱mg̱is First Nation, amending the Vancouver Island Land Use Plan and changing how more than 166,000 hectares of Crown land can be accessed, developed, and managed. “This is Land Act reform by stealth,” said Critic for Indigenous Relations Scott McInnis. “British Columbians already rejected these changes once. In 2024, public backlash forced the NDP to pull its Land Act amendments. Instead of listening, this government has gone underground, signing individual deals behind closed doors, just like we’ve already seen in places such as Squamish, Teẑtan Biny, and across Northwest BC.” “The Premier admits DRIPA ( the Declaration on the Rights of Indigenous Peoples Act) is creating ...
Post a Comment
Read more

Labels

Show more