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R.I.P to the great Charlie Kirk!
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Posted by Mark Carney
- Today at 11:53:21 AMQuote from: DKG on Today at 11:01:11 AMIt is not just Ottawa and the federal Liberals that are digging a deeper debt hole.Doug and I have a bet on who can bankrupt their government first.
A new report from the Canadian Taxpayers Federation paints a stark picture of Ontario's mounting debt, showing it has nearly tripled over the past two decades while interest charges continue to climb.
Ontario's debt has nearly tripled in 20 years and is on track to surpass $500 billion.
The report finds government debt has grown from $154 billion to $459 billion this year, a 200% increase. If debt had only risen with inflation and population growth, it would be $182 billion lower today.
Rising spending has been the main driver, with total government outlays climbing 164% between 2006-07 and 2025-26, from $101.5 billion to $267.9 billion, compared with 51.5% inflation over the same period.
Debt interest charges have surged from $8.8 billion to $16.2 billion in 20 years, adding roughly $300 per person annually.
Ford is a red Tory. He is almost as irresponsible as his predecessors Kathleen Wynn and Dalton McGuinty.
Posted by DKG
- Today at 11:01:11 AMIt is not just Ottawa and the federal Liberals that are digging a deeper debt hole.
A new report from the Canadian Taxpayers Federation paints a stark picture of Ontario's mounting debt, showing it has nearly tripled over the past two decades while interest charges continue to climb.
Ontario's debt has nearly tripled in 20 years and is on track to surpass $500 billion.
The report finds government debt has grown from $154 billion to $459 billion this year, a 200% increase. If debt had only risen with inflation and population growth, it would be $182 billion lower today.
Rising spending has been the main driver, with total government outlays climbing 164% between 2006-07 and 2025-26, from $101.5 billion to $267.9 billion, compared with 51.5% inflation over the same period.
Debt interest charges have surged from $8.8 billion to $16.2 billion in 20 years, adding roughly $300 per person annually.
Ford is a red Tory. He is almost as irresponsible as his predecessors Kathleen Wynn and Dalton McGuinty.
A new report from the Canadian Taxpayers Federation paints a stark picture of Ontario's mounting debt, showing it has nearly tripled over the past two decades while interest charges continue to climb.
Ontario's debt has nearly tripled in 20 years and is on track to surpass $500 billion.
The report finds government debt has grown from $154 billion to $459 billion this year, a 200% increase. If debt had only risen with inflation and population growth, it would be $182 billion lower today.
Rising spending has been the main driver, with total government outlays climbing 164% between 2006-07 and 2025-26, from $101.5 billion to $267.9 billion, compared with 51.5% inflation over the same period.
Debt interest charges have surged from $8.8 billion to $16.2 billion in 20 years, adding roughly $300 per person annually.
Ford is a red Tory. He is almost as irresponsible as his predecessors Kathleen Wynn and Dalton McGuinty.
Posted by Herman
- December 06, 2025, 07:37:43 PMWhile dickheads like Conman Carney and Ford waste folks money watching manufacturing jobs leave Canada according to Deloitte and the Manufacturing Institute thanks to Trump's America First agenda the US will create 3.8 million new manufacturing jobs by 2033.
Posted by DKG
- December 06, 2025, 06:23:13 PMThe Liberals of the nineties like John Nunziata, John Manley, Dan McTeague, and Tom Wappel now support the Conservatives because the Liberals under under Trudeau and Carney have abandoned fiscal responsibility, transparency, and incentivizing investment.
Creative accounting for Mark Carney in five easy stepsCreative accounting for Mark Carney in five easy steps
Step one: Balance half the budget
Cutting $78 billion from the budget is hard. And caucus gets whiny about cuts to pet projects.
So, here's a simple solution: Split the budget and only balance one side.
Key step: Don't tell Canadians you aren't balancing the other side of the budget because their kids and grandkids will have to pay interest on all that extra borrowing.
The key ingredient is confusion. Use jargon about a "fiscal anchor" that's based on something vague like "balancing day-to-day operating spending" by 2028.
With luck, Canadians won't notice the operating budget could be balanced next year just by freezing spending.
DISCLAIMER: Taking this advice will not actually diminish the billions in interest charges by a single cent.
Step two: Come up with a snappy slogan
Now let's pen a slogan to explain the borrowing in the other half of the budget.
"Taking on more debt to spend more on capital."
Scratch that, it's too clunky and honest.
Try this: "Spend less to invest more."
DISCLAIMER: Slogans don't change the math. As another Liberal prime minister once said, "The quicksand of compound interest is real."
Step three: Re-label spending
Pay close attention: Don't cut spending, just re-label it as "capital investment."
How many people know that operating subsidies for businesses shouldn't count as capital spending for governments?
How much can you re-label? A lot.
Try taking $94 billion of operating spending and re-labelling it as capital investment.
It's a win-win. It looks like a cut to "operating" spending, but you just crammed it in under "capital."
DISCLAIMER: The parliamentary budget officer may call you out for using an "overly expansive" definition of capital that goes "beyond the current treatment in the Public Accounts and international practice."
Step four: Cut spending ... tomorrow
Canadians despise wasteful government spending.
So, make sure your budget has "$60 billion in savings over five years," written in big bold letters.
Of course, you don't actually spend less.
Vaguely highlight how you'll save money in the future. Then bury the government's overall spending and debt numbers in the annex, 239 pages into the budget.
You can even increase spending by $100 billion over five years.
Just keep promising to save money — tomorrow.
DISCLAIMER: Eventually, soaring interest charges force actual spending cuts. Just ask Saskatchewan's New Democrats, who made "dramatic cuts" and closed dozens of hospitals.
Step five: Change the guardrails
Use sleight of hand to switch the fiscal anchor.
Switch the anchor from reducing the debt-to-gross domestic product (GDP) ratio to reducing the deficit to-GDP-ratio.
Deficit and debt sound the same and you can baffle the few who notice the difference.
Tell Canadians the government has "the lowest net debt-to-GDP ratio of the G7" and this "strong fiscal position" gives the government the "fiscal space" to borrow billions.
Happily, those stats obscure the facts of Canada's debt. For example, net debt treats the money in the Canada Pension Plan as an asset that politicians can raid when in a pinch.
DISCLAIMER: Eventually, credit rating agencies will release a statement like this: "Persistent fiscal expansion and a rising debt burden have weakened (Canada's) credit profile and could increase rating pressure over the medium term ... Federal finances run a high risk of further deterioration."
Bonus step: Muzzle the watchdog
Independent budget watchdogs are the worst. They always publish reports on the true state of your finances. The standard procedure is trotting out competing talking heads to muddy the water.
If that doesn't work, put up a job posting for a new budget officer, calling for "tact and discretion." That should send a chill. You want a budget lapdog, not a watchdog.
Conclusion
Creative accounting is so easy that even a rookie politician like Prime Minister Mark Carney can implement this five-step plan.
DISCLAIMER: All of this assumes Canadians are ignorant and won't notice the soaring debt and interest charges — that is a significant risk for this strategy.
https://torontosun.com/opinion/columnists/terrazzano-creative-accounting-for-mark-carney-in-five-easy-steps
Creative accounting for Mark Carney in five easy stepsCreative accounting for Mark Carney in five easy steps
Step one: Balance half the budget
Cutting $78 billion from the budget is hard. And caucus gets whiny about cuts to pet projects.
So, here's a simple solution: Split the budget and only balance one side.
Key step: Don't tell Canadians you aren't balancing the other side of the budget because their kids and grandkids will have to pay interest on all that extra borrowing.
The key ingredient is confusion. Use jargon about a "fiscal anchor" that's based on something vague like "balancing day-to-day operating spending" by 2028.
With luck, Canadians won't notice the operating budget could be balanced next year just by freezing spending.
DISCLAIMER: Taking this advice will not actually diminish the billions in interest charges by a single cent.
Step two: Come up with a snappy slogan
Now let's pen a slogan to explain the borrowing in the other half of the budget.
"Taking on more debt to spend more on capital."
Scratch that, it's too clunky and honest.
Try this: "Spend less to invest more."
DISCLAIMER: Slogans don't change the math. As another Liberal prime minister once said, "The quicksand of compound interest is real."
Step three: Re-label spending
Pay close attention: Don't cut spending, just re-label it as "capital investment."
How many people know that operating subsidies for businesses shouldn't count as capital spending for governments?
How much can you re-label? A lot.
Try taking $94 billion of operating spending and re-labelling it as capital investment.
It's a win-win. It looks like a cut to "operating" spending, but you just crammed it in under "capital."
DISCLAIMER: The parliamentary budget officer may call you out for using an "overly expansive" definition of capital that goes "beyond the current treatment in the Public Accounts and international practice."
Step four: Cut spending ... tomorrow
Canadians despise wasteful government spending.
So, make sure your budget has "$60 billion in savings over five years," written in big bold letters.
Of course, you don't actually spend less.
Vaguely highlight how you'll save money in the future. Then bury the government's overall spending and debt numbers in the annex, 239 pages into the budget.
You can even increase spending by $100 billion over five years.
Just keep promising to save money — tomorrow.
DISCLAIMER: Eventually, soaring interest charges force actual spending cuts. Just ask Saskatchewan's New Democrats, who made "dramatic cuts" and closed dozens of hospitals.
Step five: Change the guardrails
Use sleight of hand to switch the fiscal anchor.
Switch the anchor from reducing the debt-to-gross domestic product (GDP) ratio to reducing the deficit to-GDP-ratio.
Deficit and debt sound the same and you can baffle the few who notice the difference.
Tell Canadians the government has "the lowest net debt-to-GDP ratio of the G7" and this "strong fiscal position" gives the government the "fiscal space" to borrow billions.
Happily, those stats obscure the facts of Canada's debt. For example, net debt treats the money in the Canada Pension Plan as an asset that politicians can raid when in a pinch.
DISCLAIMER: Eventually, credit rating agencies will release a statement like this: "Persistent fiscal expansion and a rising debt burden have weakened (Canada's) credit profile and could increase rating pressure over the medium term ... Federal finances run a high risk of further deterioration."
Bonus step: Muzzle the watchdog
Independent budget watchdogs are the worst. They always publish reports on the true state of your finances. The standard procedure is trotting out competing talking heads to muddy the water.
If that doesn't work, put up a job posting for a new budget officer, calling for "tact and discretion." That should send a chill. You want a budget lapdog, not a watchdog.
Conclusion
Creative accounting is so easy that even a rookie politician like Prime Minister Mark Carney can implement this five-step plan.
DISCLAIMER: All of this assumes Canadians are ignorant and won't notice the soaring debt and interest charges — that is a significant risk for this strategy.
https://torontosun.com/opinion/columnists/terrazzano-creative-accounting-for-mark-carney-in-five-easy-steps
Posted by Herman
- November 27, 2025, 04:51:36 PMMan, Conman likes wasting our money.
Posted by Herman
- November 25, 2025, 07:10:55 PMThe Conman has no conscience about the debt burden he is leaving young Canadians. He don't care. He will be in New York or Europe in four years.
Posted by Herman
- November 19, 2025, 09:47:44 PMHow is the next generation of Canadians going to afford to pay off all this Liberal debt?
Posted by Herman
- November 17, 2025, 09:46:20 PMIn addition to hiding spending as investments, Conman Carney also listed the Canada Pension Plan as an asset of Canada. It's not. It's owned by Canadians, not Canada.
Cover-up Carney is doing what global bankers do best. They cook the books, pull fast ones, and try to hide all debt.
Cover-up Carney is doing what global bankers do best. They cook the books, pull fast ones, and try to hide all debt.
Posted by Thiel
- November 16, 2025, 05:29:24 PMQuote from: Brent on November 16, 2025, 04:09:14 PMMost day to day services we rely on are provincial responsibility. Unless your boyfriend is worried his OAS will be clawed back by the heartless global lucifer Carney.At my poor Jo Jo's age he has a hard time remembering the branches of government and what their responsibilities are.
Posted by Brent
- November 16, 2025, 04:09:14 PMQuote from: Thiel on November 16, 2025, 02:18:28 PMMy dear sweet naive Jo Jo. Laying off redundant federal civil service employees reduces pain by cutting spending and using the savings to eliminate debt interest payments that could be used for health care or an essential service.Most day to day services we rely on are provincial responsibility. Unless your boyfriend is worried his OAS will be clawed back by the heartless global lucifer Carney.
Unfortunately Mr. Carney will not reduce pain for average Canadians. He will not make the required cuts to the federal civil service. He is going to hire more unnecessary federal employees to administer his red ink filled second budget. There will be no balanced budget ever under the Liberals. They will inflict unbearable pain on the nation with bloated debt interest payments. Canada will continue it's slide among advanced nations.
Posted by Thiel
- November 16, 2025, 02:18:28 PMMy dear sweet naive Jo Jo. Laying off redundant federal civil service employees reduces pain by cutting spending and using the savings to eliminate debt interest payments that could be used for health care or an essential service.
Unfortunately Mr. Carney will not reduce pain for average Canadians. He will not make the required cuts to the federal civil service. He is going to hire more unnecessary federal employees to administer his red ink filled second budget. There will be no balanced budget ever under the Liberals. They will inflict unbearable pain on the nation with bloated debt interest payments. Canada will continue it's slide among advanced nations.
Unfortunately Mr. Carney will not reduce pain for average Canadians. He will not make the required cuts to the federal civil service. He is going to hire more unnecessary federal employees to administer his red ink filled second budget. There will be no balanced budget ever under the Liberals. They will inflict unbearable pain on the nation with bloated debt interest payments. Canada will continue it's slide among advanced nations.
Posted by JOE
- November 16, 2025, 12:47:27 PMQuote from: Shen Li on November 15, 2025, 10:57:26 PMPolivere had an excellent platform but it's not enough. My former country needs a more ambitious plan than that and that is if they began after the election in April.
Poilievre's economic plan would have required a lot more pain & sacrifice Shen Li
Shen.If Carney intends to cut the Civil Service by 10%, Poilievre would have doubled that.
If Carney wants to end home postal delivery, Poilievre would have privatized Canada's post service.
If Carney is talking about raising the retirement age, Poilievre would have raised it to 67.
Mind you, that's probably what is needed.
I somewhat agree that Carney is kicking the can down the road too much, til one day Canada will have to make more difficult Choices by 2030.
I dont think Carney is making enough tough choices.
In that regard I somewhat agree with DKG
DKGHe should.
Posted by DKG
- November 16, 2025, 10:59:34 AMQuote from: Herman on November 15, 2025, 08:19:31 PMCarney's budget is one of the worst cases of accounting fraud in Canadian history.His entire platform was built on fraud. He took advantage of collective TDS among our seniors to deceive an entire nation. We even overlooked the fact that his investments should have precluded him from being the leader of any nation.
Posted by Shen Li
- November 15, 2025, 10:57:26 PMQuote from: Herman on November 15, 2025, 08:19:31 PMCarney's budget is one of the worst cases of accounting fraud in Canadian history.Carney's Liberals have done so much to destroy the Canadian dream. And the scary thing is they are from done.
Young Canadians will only be able to read about Canada's past glory days as one of the most prosperous and free nations in the world as Canada's fall down the global rankings accelerates.
Polivere had an excellent platform but it's not enough. My former country needs a more ambitious plan than that and that is if they began after the election in April.
Now it will be 4 more years(at least) of progressive attacks on middle class freedom and prosperity. This is not going to end well for young Canadians without a plan B to get out of Canada.
Posted by Herman
- November 15, 2025, 08:19:31 PMCarney's budget is one of the worst cases of accounting fraud in Canadian history.
