fbpx
Connect with us

News

Liberals post record deficit as debt soars to $1.4 trillion

Chrystia Freeland said the deficit from last year will hit $354 billion with it budgeted to fall to $155 billion this fiscal year.

mm

Published

on

Federal Liberal Finance Minister Chrystia Freeland tabled her first budget Monday, a forecast that will see Canada go further into record debt with continuing pandemic spending programs, and a new federal daycare spending program

Freeland said the deficit from last year will hit $354 billion, with it budgeted to fall to $155 billion this fiscal year. The Liberals are planning on having a non-COVID deficit of $30.7 billion in 2025-26, however, so far the Liberals have not kept spending inside the limits of a single budget.

The total debt is expected to reach a new, all-time record of $1.4 trillion.

It is the first budget the Liberals have tabled in two years.

Total new spending in the first budget is to be $101.4 billion over the next three years.

The budget predicts federal debt will hit 51.2% of GDP in 2021-22 before sliding back to 49.2% of GDP by 2025-26

Freeland announced the Liberals are going to put $30 billion into a federal daycare program with $8.5 billion spent on it to be over the next 5 years. Social policies, like daycare, is an area of provincial jurisdiction.

By 2025, Freeland said all Canadians should be able to access $10-a-day care for their children. It’s unclear where the funding will come from for a program at that price. The budget proposes to create a 50% reduction in average fees for child care spaces by the end of 2022.

“The world has learned the lesson of 2009, the cost of allowing economic hardship to fester,” Freeland said.

“For some countries, democracy itself has been threatened by that mistake. We will not let that happen in Canada.

“We have to finish the fight against COVID, and that costs a lot of money.

“Extending these income and business support programs is absolutely essential — and it is expensive — but we know the country needs it.”

Seniors age 75 and older will get a one-time payment of $500 in August, and then a permanent 10% increase to benefits starting in July 2022.

The government will spend $595-million to set up the Canada Recovery Hiring Program that businesses can use instead of the wage subsidy to help cover the cost of hiring back workers. 

A new luxury sales tax is being placed on cars and personal aircraft worth over $100,000 and boats over $250,000

Federal NDP Leader Jagmeet Singh, without seeing the 739-page budget, said his party will support it to avoid sending the country into a spring election.

The Canadian Taxpayers Federation (CTF) slammed what they said was the Trudeau government’s reckless plans to permanently increase federal government spending by nearly 30% by 2026. 

“Make no mistake: the vast majority of measures in this budget have nothing to do with pandemic supports, and everything to do with exploiting a deadly crisis to indulge in a cynical, debt-fueled spending binge,” said CTF Federal Director Franco Terrazzano.

“Finance Minister Chrystia Freeland will increase permanent federal spending by more than $100 billion by 2026 with absolutely no idea how to pay for it.”

Many of the new permanent measures announced in Budget 2021 were not even being considered prior to the pandemic.

“The Trudeau government now insists it has $30 billion to spend on a one-size-fits-all government daycare program?” said Terrazzano.

“If they understood we could not afford such an enormous new program when the deficit was only $20 billion, how can they claim with a straight face we can now afford it with the deficit at $354 billion?

“Whether before, during or after the pandemic, and whether the economy is growing or not, this government only seems to have one solution to everything: borrow more and spend more.”

Budget 2021 also projects that the federal deficit will still be $30 billion by 2026, when debt interest payments are projected to rise to $39 billion annually.

“By betting the house on ‘interest rates will stay low forever,’ Minister Freeland is playing roulette with Canada’s fiscal sustainability,” said Terrazzano.

In spite of pledging not to raise taxes, Budget 2021 also introduces a raft of new taxes and tax hikes, including higher tobacco taxes, a vaping tax, sales taxes for digital services, and a luxury goods tax.

Budget 2021’s only reference to spending restraint is a commitment to reduce government travel.

“Canadians shouldn’t kid themselves: either spending will have to be reined in, or there will be walloping tax hikes coming eventually,” said Terrazzano.

“In the meantime, the Trudeau government continues to kick the can down the road, leaving future generations to be stuck paying for their recklessness.”

...more to come

Dave Naylor is the News Editor of the Western Standard
dnaylor@westernstandardonline.com
Twitter.com/nobby7694

Dave Naylor is the News Editor of the Western Standard and the Vice-President: News Division of Western Standard New Media Corp. He has served as the City Editor of the Calgary Sun and has covered Alberta news for nearly 40 years. dnaylor@westernstandardonline.com

News

UPDATED: Omicron found in Alberta, BC

But Hinshaw refused to say where the traveller lives over fear it would identify them.

mm

Published

on

The tentacles of the Omicron variant of COVID-19 have reached Alberta and BC.

Dr. Deena Hinshaw said an Albertan returning home from Nigeria, via the Netherlands, has tested positive for Omicron.

Hinshaw said they tested positive a week ago and the person, who traveled alone, is now self-quarantining.

She said medical officials are trying to “delay” the spread of the variant until more research is done.

But Hinshaw refused to say where the traveller lives over fear it would identify them.

Hinshaw also urged people not to take out their frustrations against the family of the infected person nor the countries that are under an Omicron watch.

And she said people shouldn’t “think of this as a reset to Ground Zero.”

In her daily update, Hinshaw said in the last 24 hours, health officials have found 238 new cases of coronavirus. There are 434 people in the hospital with 81 in ICU. Another six people are reported to have succumbed to the virus.

In BC, Der, Bonnie Henry said another traveller coming home from Nigeria had tested positive for Omicron.

That person lives in the Fraser Health region and is isolating. 

On Monday, Alberta Premier Jason Kenney announced 156 Albertans self-quarantining after returning from travel in a country that had been hit with Omicron.

Six confirmed cases of the variant of concern have now been confirmed in Canada so far.

Earlier in the day, Canada added Nigeria, Malawi and Egypt to its Omicron travel ban.

On Friday, the government put restrictions on travellers from South Africa, Mozambique, Namibia, Zimbabwe, Botswana, Lesotho and Eswatini.

“Obviously we’re watching very, very closely the situation with Omicron,” Prime Minister Justin Trudeau said on his way into the cabinet meeting.

“There may be more we need to do and we’ll be looking at it very carefully.”

More to come…

Dave Naylor is the News Editor of the Western Standard
dnaylor@westernstandardonline.com
Twitter.com/nobby7694

Continue Reading

News

Unvaxxed grounded in Canada

As of November 30, travellers will no longer be allowed to submit a negative test result in place of proof of vaccination to board a plane or train in Canada.

mm

Published

on

As of Tuesday, Canadian travellers over the age of 12 will no longer be able to fly or travel by train in Canada without proof of vaccination.

The policy was originally set to come into effect on October 30, however, the federal government announced it would grant a grace period to unvaccinated travellers allowing for a negative COVID-19 test to be provided within 72 hours of the trip.

As of November 30, travellers will no longer be allowed to submit a negative test result in place of proof of vaccination to board a plane or train in Canada.

The new travel restrictions for the unvaccinated come on the heels of the emergence of a new variant of concern (VOC) dubbed Omicron by the World Health Organization (WHO).

Cases involving the new variant, originally detected in South Africa, have been found in other countries including five cases within Canada.

Although there is not much known about the new variant at this time, the WHO confirmed scientists around the world are working to determine how the highly-mutated variant will affect transmissibility and severity of illness in the population.

Canada, along with other nations, closed its boards and expanded its screening protocols to travellers arriving from affected areas in southern Africa.

The Canadian airline industry welcomed the vaccine mandates when they were announced in October. Air Canada and West Jet have both confirmed they will be asking all travellers to produce proof of vaccination before boarding their carriers as of Tuesday.

While health measures such as masking and screening will still be required, no measures for quarantining individual travellers have been put in place with the exception of those who have travelled through or arrived from southern Africa.

“If you indicate to your airline or railway company that you’re eligible to board, but fail to provide proof of vaccination or valid COVID-19 test result, you won’t be allowed to travel and could face penalties or fines,” the government indicated in a statement.

The Canadian government is also warning permanent residents abroad to expect to provide vaccine passports to return home.

The rules don’t apply to commuter trains.

The Government of Canada has created a “reliable way to show proof of your COVID-19 vaccination history when travelling internationally and within Canada,” states the government’s website. The document is verified once uploaded to ArriveCAN upon returning to the country.

The website warns travellers are not guaranteed entry to another country with the documents and suggests checking the rules of your destination country and the countries you travel through.

“Today, Canada passed a sad milestone in its history,” said Matt Slatter, a pilot with a major Canadian airline and a founder of Free 2 Fly, a hub that has “Canadian aviation professionals standing with passengers in defence of freedom.”

“No longer can it hold itself as a beacon of freedom and liberal values.”

The Free 2 Fly website encourages passengers and airline workers who “feel strongly that the ability to travel should not be linked to vaccination status,” to sign up and join their movement.

“With the advent of mandates requiring all aviation and rail passengers to be vaccinated, Canada is now effectively a two-tier society,” said Slatter.

“On one tier, compliant citizens are afforded many of the rights they once enjoyed in a free society. While the other tier is essentially relegated to their own localities, with limited exception.

“History suggests this style of governance will only lead to more tragedy and heartbreak. The cure is inevitably worse than the disease. Will Canada learn from the mistakes of the past?”

Currently, there are just under 38,000 signed up on the Free 2 Fly site. One of the goals of the group is to “wage a legal campaign to block, and/or overturn, all vaccination mandates.”

Melanie Risdon is a reporter for the Western Standard
mrisdon@westernstandardonline.com

Continue Reading

News

CRTC trying to hang up on spoof calls

Caller ID spoofing occurs when callers hide or misrepresent their identity by displaying fictitious or altered phone numbers when making calls.

mm

Published

on

All those calls from the taxman and Canadian Border Services officials threatening to arrest you could soon be coming to an end thanks to new regulations from the Canadian Radio-television and Telecommunications Commission.

“Many Canadians are now able to determine which calls can be trusted thanks to a new technology aimed at combating spoofed calls named STIR/SHAKEN. Caller ID spoofing is frequently used in nuisance and fraudulent calls to mask the identity of the caller,” said the CRTC in a release.

“As of today, telecommunications service providers will certify whether a caller’s identity can be trusted by verifying the caller ID information for Internet Protocol-based voice calls. This new technology will help reduce the frequency and impact of caller ID spoofing. As service providers continue to upgrade their IP networks and offer compatible phones to their customers, more and more Canadians will be able to see the effects of STIR/SHAKEN.”

It’s believed up to 25% of all calls in Canada are scams.

The CRTC said Caller ID spoofing occurs when callers hide or misrepresent their identity by displaying fictitious or altered phone numbers when making calls.

“This new caller ID technology will empower Canadians to determine which calls are legitimate and worth answering, and which need to be treated with caution. As more providers upgrade their networks, STIR/SHAKEN will undoubtedly reduce spoofing and help Canadians regain peace of mind when answering phone calls,” said Ian Scott, CRTC CEO.

Continue Reading

Recent Posts

Recent Comments

Share

Petition: No Media Bailouts

We the undersigned call on the Canadian government to immediately cease all payouts to media companies.

784 signatures

No Media Bailouts

The fourth estate is critical to a functioning democracy in holding the government to account. An objective media can't maintain editorial integrity when it accepts money from a government we expect it to be critical of.

We the undersigned call on the Canadian government to immediately cease all payouts to media companies.

**your signature**



The Western Standard will never accept government bailout money. By becoming a Western Standard member, you are supporting government bailout-free and proudly western media that is on your side. With your support, we can give Westerners a voice that doesn\'t need taxpayers money.

Share this with your friends:

Trending

Copyright © Western Standard New Media Corp.