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Federal Budget to be tabled February 11th

Finance Minister Jim Flaherty promises to balance books by 2015....

Finance Minister Jim Flaherty says he will hand down his spring budget on February 11th.

He's not promising the new spending plan will balance the books, however.

Flaherty says he'll have a balanced budget in 2015.

The balanced books come just in time for the next federal election.

Flaherty says he'll balance the budget without raising taxes or cutting transfer payments to the provinces for health and education.

But he's suggesting this month's budget will be a stay-the-course document, with little in the way of spending or tax goodies.

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  1. r2d2 posted on 01/27/2014 03:11 PM
    of course by 2015 that's election time. The Cons like any other government in power coming up to the election will throw a bunch of goodies at us just to stroke our stones a bit keeps us happy. but we won't be fooled. Justin is the only one who can get us weed.
    Doesn't Flaherty kind of look like an older kid from the old MAD comic books. without the freckles?
    1. REALITY BITES posted on 01/27/2014 03:50 PM
      @r2d2 Or ... the leprechaun that turned his pot of gold into ashes.
  2. Sonny posted on 01/27/2014 03:21 PM
    This is earlier than usual to coincide with a busy day during the Winter Olympics!
    The Cons have run deficits since 2008 and will not balance the books in 2015 but 2016!
    1. Only Common Sense posted on 01/27/2014 04:08 PM
      @Sonny When all is said and done with Mr. Flaherty's and the the Harper one-man-band's next attempt at a budget we will still have the following to remember:

      The Harper one-man-band holds the all time Canadian record for the largest debt load this country has ever seen.

      The Harper one-man-band holds the all time Canadian record for the largest deficits this country has ever seen.

      The Harper one-man-band holds the record for the longest string of budget deficits this country has ever seen.

      The Harper one-man-band holds the all time Canadian record for the most tax dollars wasted on self propaganda this country has ever seen.
    2. Frankie posted on 01/27/2014 04:34 PM
      @Only Common Sense You may recall the fiscal meltdown of 2008. Feds decided in order to help the economy they instituted massive spending to avoid a meltdown here by keeping the economy rolling.

      Judging how Canada fared through the crisis it appears the stimulus worked. There were other reasons that we remained relatively immune compared to other countries however this certainly contributed.

      Would you have preferred a panic in the market and perhaps the disaster that most other countries suffered?
    3. Only Common Sense posted on 01/27/2014 05:48 PM
      @Frankie 1. Re: "There were other reasons that we remained relatively immune compared to other countries "
      Correct ... THE MAJOR one being the fact that the Canadian banking regulations instituted by Martin / Chretien were in force.

      2. The Harper one-man-band has been running deficits since 2006 - not 2008.

      3. Don't forget for a second that Harper inherited a 14 billion dollar surplus from the Liberals when he was elected in 2006.
      Over the next 2 years he spent it, mostly in Quebec, trying to buy a majority government.

      All of this was BEFORE the downturn that began in 2008.

      As a so-called economist, Harper gets a failing grade.
  3. Sonny posted on 01/27/2014 07:40 PM
    Frankie, I remember that Flaherty said we'd have"Surpluses as far as the eye could see..." Harper violated his own fixed election date for 2009 to call an early election. Had he honoured the 2009 Election, those who vote would have gotten rid of the Masters of Economics for doing such a bad job...
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