Economist on federal budget

Рет қаралды 34,465

Күн бұрын

Don Drummond, an economist at Queen's University, shares his take on the federal government's latest budget.
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Пікірлер: 153

@lawrencecheung73 15 күн бұрын

Harper PREDICTED this !!!! This is what happens when you vote out an economist and vote in a failed drama teacher, and then the failed drama teacher appoints a failed journalist as the Finance Minister !!!!!

@user-es8kf7ni6t 11 күн бұрын

Then hires a convict for envirement minister

@InderMand79 15 күн бұрын

“You will own nothing and be happy” Half of that statement is coming true.

@davidwright4271 15 күн бұрын

There will be no incentive to work hard, take risk and get ahead because they will just take it away. Who will want to have capital gains any more?

@bakermartin8089 15 күн бұрын

Trying to figure out how I do work here from my business in Florida

@blacksmithden 15 күн бұрын

If you're still supporting the Trudeau/NDP party, you're a lost cause.

@tcolec540 15 күн бұрын

I don't even engage with them anymore. The polls are so low that any Lib/NDP defender's input means absolutely nothing. They're not going to win next round, they're not worth entertaining in any conversation. If someone on the street tells you the sky is purple, you don't engage with them. You nod and walk away. Treat them same, as their input weighs the same.

@lizliz4186 15 күн бұрын

Many just don't want Pierre.

@Really250 15 күн бұрын

@lizliz4186 he literally can not be worse.

@pumpkineater_69557 14 күн бұрын

A few don’t want Pierre. Let’s be factual.

@blacksmithden 14 күн бұрын

@@lizliz4186 What's wrong with him ?

@FocusBeDrifting 15 күн бұрын

guy actually spits facts...a liberal cdn's worst nightmare

@timolsen8252 15 күн бұрын

It just gets worse everyday Trudeau gets out of bed.

@Watchman999 15 күн бұрын

He's our own personal champion of ARTIFICIAL intelligence.

@evanmaddock8158 15 күн бұрын

WHen will we revolt? Does anyone have the backbone these days?

@HS-ob3fz 9 күн бұрын

I dont but I cant support tories especially with that annoying clown at the helm

@Watchman999 8 күн бұрын

@@HS-ob3fz LOL. That makes Trudeau an Amoeba then

@metalrock2112 15 күн бұрын

Trudeau isn’t happy unless we’re taxed to death but somehow the debt just keeps growing. 🤷‍♂️ we’re toast.

@stevestensby3669 15 күн бұрын

Trudeau loves spending our money on himself.

@canders8779 15 күн бұрын

The Mexican Peso is actually increasing in value relative to the Canadian Dollar. I'm not joking !

@zachweyrauch2988 15 күн бұрын

Mexico has been investing in its people's opportunities more than its millionaires' breathing room.

@bokomon8995 15 күн бұрын

This new budget will require to print more money and that will further devalue Cnd$.

@TechPlanetMusic 13 күн бұрын

I got anything I can outside of Canadian equities, hopefully leave near future.

@robertb8629 15 күн бұрын

Government overspending causes inflation. Increased spending means increasing Inflation. They have no intention of actually making things better. It's vote buying even if it makes everything worse.

@wishteria234 15 күн бұрын

💯💯💯

@andyd568 15 күн бұрын

"The budget will balance itself" - Trudeau, 2014

@davezhang8866 13 күн бұрын

Amazing! Budget can balance itself, then why can't the climate balance itself? Carbon dioxide can be absorbed by trees and plants and produce oxygen. Fighting for climate change is a myth.

@Voltaire-yy2rn 15 күн бұрын

"What a terrible era in which idiots govern the blind.” - William Shakespeare

@littlelittle5 15 күн бұрын

Pierre for PM!❤❤❤

@loulinaz3770 15 күн бұрын

Asap

@rosebri5373 15 күн бұрын

We need more economists in government. At the end of the day, if the economy is doing well, everything else in the country falls in line IMO

@TimeForTacos 15 күн бұрын

Imagine how bad it would be without Pierre. The Libs stole Pierre's Federal lands sell-off idea.

@4mulatorza858 15 күн бұрын

that, the infrastructure spending and increase in military spending is the only things I like in this budget.

@BlackKittyKat 14 күн бұрын

He would steal more if Pierre revealed more of his plans

@randyhuke3773 15 күн бұрын

News for Justin. This budget will not balance itself !

@tedandress2741 15 күн бұрын

I would not let Freeland be in charge of a cash box at a lemon aid stand

@andrewbaldwin4454 15 күн бұрын

Yikes! Even Liberal Party hired gun Don Drummond hates this budget. Chrystia Freeland reinforces her reputation as the worst Canadian finance minister ever.

@thisiscanada8632 15 күн бұрын

The money printing has kicked start again

@tedpoplawski4325 15 күн бұрын

Servicing costs of this growing debt is close to $50 BILLION YEARLY..more than is spent on health care.. I guess the blackface’s “ budgets balance themselves” is a reflection of his economic acumen…

@Matts000 15 күн бұрын

I think it’s around 64 billion now, which is more than what we spend on healthcare!!!!

@shuaibshariff2797 15 күн бұрын

Disastrous

@JessicaKeith-uj1jq 15 күн бұрын

The cost of living seems to be increasing every year, making it harder to keep up.

@MelissaHobbs-qm8wi 15 күн бұрын

Indeed, it's becoming quite challenging to manage expenses.

@BrianAlbert-hh3pi 15 күн бұрын

@@MelissaHobbs-qm8wi I've actually managed to stay ahead of the curve. I'm even contemplating early retirement.

@EricaWaters-lr6zw 15 күн бұрын

@@BrianAlbert-hh3pi Impressive! How did you achieve that?

@BrianAlbert-hh3pi 15 күн бұрын

@@EricaWaters-lr6zw Our family got introduced to a financial consultant about four years before my dad retired. That was what changed things, and I think my retirement income will be on the right track, luxury cars and trips

@OliverLiam-px3vx 15 күн бұрын

@@BrianAlbert-hh3pi Wow, that's impressive! I've heard of her. I'm excited to hear about her success stories. I've actually had my mortgage paid off by following her guidelines calls.

@rawrss 15 күн бұрын

Isn't it ironic... Economist from Queen's University living in Arizona LOL! 😂 Brain Drain

@stevestensby3669 15 күн бұрын

This will lead to a Max Exodus of investors into our country.

@wishteria234 15 күн бұрын

💯💯💯

@bryankerr9174 15 күн бұрын

Definition of insanity - doing the same thing repeatedly, and expecting different results.

@user-ol7tl1vf5m 15 күн бұрын

With all the paper printing ramping up (they call money they don’t have a budget), one would believe politicians are pretenders of wealth. 😂 So power is an illusion after all. “Please accept this pallet of freshly printed paper for your resources. No worries, we have others who must spend energy and time for this valuable paper.”

@quintonmacdougall7150 15 күн бұрын

New budget, new deficit spending, new inflation incoming. What could go wrong?

@jefftaylor844 15 күн бұрын

Still spending !!!!!!

@Wi3dMaN 15 күн бұрын

Thanks Eastern Canada

@MarC-ot5gl 10 күн бұрын

Blame Toronto and Montreal specifically

@Griff1984 15 күн бұрын

the money printer goes brrr brrr brrr.

@maryjoan4128 15 күн бұрын

Also , there must be a great hate for the baby boomers and seniors,,, as they are totally forgotten,,,

@randyliz3325 15 күн бұрын

Long story short jt gotta go there's no other way

@scottmores8698 15 күн бұрын

Taxes, taxes and more taxes... the liberal-NDP way

@philipjackson6882 15 күн бұрын

Spot on Don ...!

@jjodoin05 15 күн бұрын

How about we just spend less, and send less free money overseas. I’m going to start demanding housework from those who are getting my tax dollars for free.

@mitcholineck5345 15 күн бұрын

Close the border FJT

@jratz9541 15 күн бұрын

She tries so hard to make him spit out some kind of silver lining.... unfortunately there is no silver lining

@wizardkings6375 15 күн бұрын

How many of y’all’s still think Stephen Harper was a bad choice in 2015

@lotterymax6690 15 күн бұрын

Yup

@user77654 14 күн бұрын

What happens when you retire and have to convert your RRSP to RRIF or cash out at 71? Do the seniors have to then pay tax on 66.7% gains???

@MrRoberacer 14 күн бұрын

It is one thing to have no deficit but what conservatives do is turn their deficit into national debt to make it look better. Our GDP was about half of what it is now and Harper owed more than our entire GDP is today, Conservatives "YOu will own and owe more than you own for the rest of your life and be yet another slave to the billionaires!"

@malcolmhamilton5200 12 күн бұрын

So it's more of the same thing that wasn't working last budget.

@bubbajay1934 15 күн бұрын

Serious question: Are taxpayer funded school lunches and taxpayer funded birth control and taxpayer funded daycare REALLY things we NEED right now? Where are the banks when the country needs them? They were quick with their hand out when they wanted a bailout.

@Cjbcampbell 15 күн бұрын

Drummond and co. have been saying, "oh, but the debt will be paid by our grandchildren" for years. Meanwhile, housing prices have skyrocketed, wages have stagnated, and a huge market in precarious jobs has emerged, which complicates his picture of low unemployment. If he was an honest power broker he would just say what he means: poor and middle income Canadians have to accept declining standards of living, and the rich will continue to accumulate even more. The endless economic growth for all that was apparently in view when Drummond reached his career peak is long gone. "That is the law and the profits."

@user-lr9rw3sb1i 15 күн бұрын

FJT

@Rawdiswar 14 күн бұрын

Whats the Liberal defense of this budget?

@rickchou3818 15 күн бұрын

Not enough spend reductions from government as usual. This is not a budget, more of a bill!

@Method9 15 күн бұрын

Still printing our currency as debt at interest out of thin air. And we wonder where the inflation is coming from.

@Najeeb706 14 күн бұрын

Wow, what an insight to this pathetic budget. It's got to fail. Singh needs to grow a set.

@kp-ce1uk 15 күн бұрын

no correction for inflation looool

@sithumsamaraweera360 15 күн бұрын

Wait till next month, Inflation is going to jump up over 3% and BoC is not going to cut rates in June. In 2024 if there is one rate cut, it would be a victory.

@Kknah91 14 күн бұрын

Depressing

@AlishiaAlcott 15 күн бұрын

This what going to happen to business that are being tax. they are going to leave Canada

@sc00bs63 15 күн бұрын

downgrade coming up......

@winonebud 15 күн бұрын

In summary, we're screwed.

@LizaB486 13 күн бұрын

Stop sending money to Ukraine, open up the pipelines, stop needless spending for consultants, - their useless, cancel 100% of the carbon tax and you will see inflation come down.

@teresarose685 15 күн бұрын

I miss pork chops

@helenyu3354 15 күн бұрын

Sir is in the rich class

@michaelgaudin2989 15 күн бұрын

Down with this corrupt Government .... Trudeau and Singh have to go NOW!!!!!!!!!!! Taking a visa and keep putting purchases on it and not even paying interest payments do not work in house holds, how will that work in this Country. What a bunch of morons. We pay more in interest then we do on Canadian health care. Let that sink in.....

@sjappiyah4071 15 күн бұрын

This professor is refreshing

@letmedietomorrow 15 күн бұрын

Looks like Canada is fucked from all angles.

@ethana6464 15 күн бұрын

modern world slavery 🎉😂

@user-es8kf7ni6t 11 күн бұрын

Yep you vote trudeau dont complain when you have nothing

@colecadieux9370 15 күн бұрын

Listen to the economist that doesn't live here

@shawnyork9065 15 күн бұрын

He is bang on !

@shakyjake2133 14 күн бұрын

And yet he speaks more fact than are government, imagine that!

@BlazejMarczak 15 күн бұрын

Get a microphone. You are getting paid to do this.

@mr10ts 15 күн бұрын

sir you need sun

@FocusBeDrifting 15 күн бұрын

he's in arizona...

@marcflaro2011 15 күн бұрын

Well said

@tritun5154 15 күн бұрын

Why should we listen to this guy if we don’t even listen to Paul Hellyer?

@canadaclub8920 15 күн бұрын

Conservatives love being hysterical

@maximemenard452 15 күн бұрын

Trudeau is such a clown.

@pierrettehebert3044 15 күн бұрын

Commentary far too biased to be interesting

@socksrwooly 15 күн бұрын

It doesn't blindly agree with me, its wrong and biased 😂 You should actually listen to him

@belledorris3163 15 күн бұрын

Its not biased😂 its base on facts instead of virtue signaling😢

@davidcar4632 15 күн бұрын

Tax capital gains for selling ALL housings, this is the only WAY to bring down housing price!

@littlelittle5 15 күн бұрын

Keep everyone poor?

@Brian.Martin 15 күн бұрын

@brianyoon7612 15 күн бұрын

Uh that is never gonna happen. I am not paying hundreds of thousands in taxes. If you didn't jump on the bandwagon its your fault.

@allllllrightythen1519 15 күн бұрын

@@littlelittle5yea sure.. take the only non taxed benefit we get to retire on because we can't save money on our paycheck and get taxed at every turn ..

@littlelittle5 15 күн бұрын

@@allllllrightythen1519 I agree with you. I think you meant that for the original poster. These kids are entitled