Analysing Federal Budget
The Liberals campaigned during the 2015 election to run deficits capped at $10 Billion dollars. Tuesday evening’s 2016 budget presentation saw that promise torpedoed. Instead Canadians are faced with a projected deficit of $29.4 billion in the first year of this government, and large deficit plans of $115 Billion for subsequent budget cycles – with absolutely no plan to balance the books.
The Liberal government would have you believe that Canada’s economy is in recession. It is not. If the Liberals are willing to spend $29.4 billion when Canada isn’t in recession, how can they not see that this long term runaway spending will drive us into one?
It took less than six months for the Liberals to turn a surplus of 4.3 Billion as of January 2016 (Finance Canada’s numbers) into this huge deficit. And though the Liberals campaigned on running a modest deficit, there is nothing modest about $30 billion dollars.
First nations received funding to strengthen community health care, invest in First Nations schools, ensuring safe water through water monitoring and improve water and waste water infrastructure on reserve. Unfortunately, while the government is turning on the spending taps in first nations communities, they ‘ve literally removed the transparency and accountability measures the Conservative government put in place to keep band members apprised of the spending on their reserves.