09 March 2018
The 2018 budget is of concern to many Canadians (not all, unfortunately). John Ivison’s article below caught my attention because it is not often that the cost of Official Bilingualism is brought to the attention of Canadians. John Ivison quotes the figure of $300M over the next 5 years to buy the votes of French-speakers outside Quebec? The Liberals already own Quebec & most of Eastern Canada – why do they need to buy the miniscule number of French votes outside Quebec? Trust me, the money will be spent on French organizations outside Quebec to pressure the other provinces into giving more to the French. A miniscule amount will be used for the English-speaking minorities in Quebec.
The French media naturally want much more than the $300M – the French article by Benjamin Vachet says that they’re getting $400 M but the Federation of Francophone and Acadian Communities (FCFA) of Canada was actually looking for $575 M.
Can anyone tell me, please, where these people actually believe the money is coming from? Do they know how much debt Canada is carrying, with NO relief in sight?
Canada’s government debt to exceed $1.3 trillion in 2016: report
Our grand-children & their grand-children will be left with a debt-load that they will NEVER be able to pay off!!
Canada Those were the days, my friends; The Liberals thought they'd never end
Graphic: Peter J. Thompson, National Post / This federal budget is out of step with concerns over Canada's competitiveness, John Ivison writes.;
Remember the good old days - that lost time in your past where you could leave your doors unlocked, everything was cheaper and you'd never had it so good economically? It seems so long ago, but it was just last Tuesday.
Since the federal budget was unveiled, the news has been unremittingly bad:
Donald Trump has invoked a national security threat to impose punitive tariff hikes on steel and aluminum; the loonie has had its worst week in a year;
the TSX is down again (it has lagged the U.S. by 25 per cent over the past 18 months);
GDP growth for the fourth quarter of 2017 came in lower than expected;
foreign direct investment in Canada last year was at its lowest level since 2010;
the latest survey of business confidence by Statistics Canada indicates a further drop in investment, to contribute to a decline that totals 18 per cent since 2014.
Maybe Finance Minister Bill Morneau should ask for a do-over and cancel the $32 billion in additional spending that he committed to in last Tuesday's budget.
"The best years are definitely in the rear-view mirror," said Doug Porter, chief economist at BMO Capital Markets.
The GDP numbers in particular suggest the economy entered 2018 with less momentum than the government anticipated in its budget. BMO has already marked down its full year growth estimate to two per cent from 2.2 per cent.
These may sound like small numbers but if the government misses its growth target by half a per cent, that will wipe out the $3 billion contingency cushion built into this year's deficit.
This budget is not only out of date already, but it is out of step with the concerns of anyone who has taken a close look at Canada's competitiveness, compared to the United States.
"At this stage of the cycle it was more important to marshal resources and prepare for the heavy weather that's coming in. But that wasn't the priority," said Porter.
The Liberals have been sleepwalking their way toward structural deficits that will be hard to reverse, once the bad times bite - such as the decision to index-link the $23-billion Canada Child Benefit.
The government has learned the lesson that it can win on the left and so presents only the fig leaf of prudence in the form of "the lowest debt-to-GDP ratio in the G7." (A claim that is only true if you discount provincial debt.)
But the budget reveals the government is planning to add a further $78 billion of federal debt in the next five years. At the moment, around 8 cents of every dollar of revenue is used for debt repayment (compared with 38 cents in 1990), but that number is set to rise in tandem with interest rates - the budget estimates each percentage point increase in the rate will cost an extra $2.8 billion within five years.
The bottom line is that this budget was crafted at the high point of economic conditions in Canada, but at a time when its authors were aware that economic growth was already slowing; that there is profound uncertainty over NAFTA; that debt costs are due to rise; and that U.S. tax reform has removed Canada's advantage on corporate rates.
Morneau and his prime minister have had almost nothing to say on any of these subjects.
Yet, rather than using the re-profiling of some infrastructure funds and lower EI payments to reduce the deficit, the money was earmarked for crassly partisan initiatives like $300 million on official languages programs that play well in marginal ridings with large francophone populations outside Quebec.
The Liberals may think they can win on the left, as long as they pay lip service to fiscal prudence. But, as the deluge of bad news continues, this looks increasingly like an irresponsible budget that should be condemned by reasonable voters of all political stripes.
OTTAWA - The Liberal government's third budget, unveiled on Tuesday, February 27, provides for a reinvestment of $ 400 million in official languages. A smaller sum than the requests of the Federation of Francophone and Acadian Communities (FCFA) of Canada.
The 2018 federal budget, entitled Equality + Growth: A Strong Middle Class , was highly anticipated by Francophone communities in a minority context. The FCFA was hoping for an additional investment of $ 575 million and a strong message for Francophone communities.
After a ten-year freeze on the Roadmap for Official Languages, the government announces that it will reinvest $ 400 million over five years in its next 2018-2023 action plan and stresses that "linguistic duality is an integral part of the history and identity of Canada. "
The government is also committed to maintaining an additional investment of $ 88.4 million annually after the 2023 deadline.
"The Government of Canada will do more to support official language minority communities and to ensure the vitality and vigor of Canada's Francophonie," said Finance Minister Bill Morneau in his speech to the House of Commons. municipalities.
Unsurprisingly, however, we will have to wait to hear all the details of the next Action Plan for Official Languages.
"This is still a significant increase that compensates for the delay in the absence of indexation since 2008," said Simon Tremblay-Pepin, professor at the School of Social Innovation Élisabeth Bruyère Saint Paul University. "This amount is still insufficient to register a radical change in official languages, but it should allow the funding of certain new projects."
........ask for the rest if you wish
We’re looking for a way to attract more younger people to show them that the Official Languages policy is not benefitting most Canadians. We had thought of an e-book on Amazon but someone pointed out that videos get through to people, especially the younger ones, much faster. So we created a YouTube channel, using the excellent videos created by Keith B. Please link to this & let us know what you think. Is this a faster, more effective way to get the young Canadians to pay attention & not be part of the Silent Majority? The future of the younger generation is at stake, don’t you agree?
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