Canada has an urgent fiscal problem our government seems determined to worsen by continuing to wage its increasingly lonely battle against climate change. In the 78 years from Confederation to the end of the Second World War federal debt reached $258 billion, adjusted for inflation. During the past 10 weeks the federal government has effectively pledged to match that this fiscal year, with more coming. According to a C.D. Howe study, “Ottawa’s net debt is headed for the previously inconceivable level of $1 trillion,” which is $105,000 for a family of four. That crushing burden means years of higher taxes, reduced social spending and less help for the provinces, which are on the front lines of our health-care system.
Now is the time to focus like a laser on growth and fiscal prudence and to avoid like the plague (pun intended) costly gestures that will retard recovery and achieve nothing substantive for the environment. What we should not do is widen an already yawning gap between Canada’s costly and uncompetitive climate policies and those of the rest of the world. We have much more to lose than countries not blessed with our vast proven oil and gas resources. Moreover, at 1.6 per cent of global GHG emissions, we can have no measurable impact on global temperatures, no matter how heroically we pursue a green transition. And yet Finance Minister Bill Morneau has said his 2020 budget will focus on the environment, while the feds recently raised the carbon tax by 50 per cent.
Every year from now until 2040 Canada could eliminate 1,500 megatons of carbon dioxide equivalent emissions by substituting natural gas for coal in Asian power plants. Over the 20 years, that is the equivalent of four Canadian LNG export facilities. But that would require pipelines to tidewater, which — perversely — environmentalists oppose. Green Party Leader Elizabeth May’s resistance to gas pipelines and opposition to nuclear power belie her fervent claim to want to save the world from climate Armageddon.
[…]
See Also:
How does one get rid of this incompetent along with his unqualified cabinet appointees ? Why the Liberal party remains behind him is a complete mystery. POOR CANADA
No mystery here.Little potato was on a short leash after the election. Along comes the wuhan virus and two golden opportunities. Little potato escapes the cooking pot by having a, hum, reason to camp out at the crystal cottage and away from the pesky opposition. A treatment for hid foot-in-mouth desease. A hollow, corrupt msm being the spoonfull of sugar to help the medicin go down. Meanwhile the liberals do what liberals do best, spend (the tax part is coming). Deflect away from their failures with a gun ban. Along with the cooing from the top for any feel good platitude.
The low informed electorate cash their magic cheques, cause that money comes out of thin air and is backed by the same. All the people cheer not giving an ounce of consideration to having condemed themselves, their children, grandchildren and prehaps even great grandchildren to lives of NEW WORLD ORDER (more on this sure to come) national debt prision. No handout, no problem. We get to pay higher taxes too. Oh yea, a new me too.
Butt, the liberals are leading in the polls. The greens, the ndp and the bq are all too broke to face an election, as if they have anything to offer in the first place. So while they are willing to kissy-kissy ass-ass, the liberals think why not. Besides they only need to be elected how many times to get that pension?
So my friend, to answer your question, its all about lust for power and greed.