https://x.com/cafreeland/status/1868659332285702167
See my letter to the Prime Minister below // Veuillez trouver ma lettre au Premier ministre ci-dessous pic.twitter.com/NMMMcXUh7A
— Chrystia Freeland (@cafreeland) December 16, 2024
Basic context. The government has been spending like a sailor in a whorehouse, to the point that even the girl boss shopper herself has had it. The deficit is projected to be 20 billion more than expected for the year and Freeland was left holding the bag for the "fall economic statement" so she quit the day she was supposed to give it.
Tldr: leafland is broke lmao
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How are they so broke. Energy business alone should bring them cash flow to do wild shit. Last 2 years have been record breaking years. Yet they are more broke then ever?
What are they doing
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hahahahaha they don't even want to break ground anymore. Moment they do some injun comes running demanding a handout (or else) and the fed does frick all to stop it
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So what? Energy prices have been really high. New markets oppened up after ukrain war. They have been breaking records for several years stright. Sure oil boom will cool of in few years. But im asking. Where is money NOW
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Sure yeets are burden. But its not like they are paying them to shit on street.
Costs comes from overstretched infastructure that cant handle massive population influx.
Energy sector is having record years. Unprecedented growth. That means money is flowing like crazy. Yet defficet is growing and debt to gdp ratio is getting worse.
If they had spend as much as they did 2 years before. Debt to gdp ratio would have shrunk. Rather it skyrocketed
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The government actually does subsidize up to 70% of the wages of international students
all of their wages get sent back home so it's just a total money sink that in no way benefits Canadians
But agreed there's many levels to leaf gov r-sluration
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Is there any data how much that program eats money? It would be insane if they sunk billions on that
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Of course not! They're paying them to shit in hotels! It's a shit racket but what choice do they have?
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The shit barometer is rising.
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Canada's entire government runs on being elected by promising widespread gibs to the people while paying for all that using neolib theories that claim mass immigration and government spending creates economic growth and jobs that trickle down to the masses. They use liberal social policies as a way to justify their economic decisions. Meanwhile their leadership gets rich off kickbacks from NGOs and corporations. That's it.
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Holy moly this really is the Redditor-lib version of trickle down economics
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Pretty much. Imagine if you let a redditor manage your country's economy for 10 years. Thats why canada is so utterly broke
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But dose that money flow show anywhere? Rents are all time high. Healthcare is shit.
Is there mass infastructure projects. Are schools best in the world.
Becouse if no. Its sounds like money is just getting pocketed. That would explain in part high cost of living. Way too many people are poketing goverment money and spening it to buy houses and apartments
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The land captures all value, in the end
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