Federal Budget 2010 bill passes both houses

With Liberals not showing up in both the lower and upper Houses of Parliament, the 2010 budget omnibus bill passes, likely thwarting a fall election.

What does this mean? 

It means that Liberal leader Michael Ignatieff thinks there will be an election anyway, so he begins his cross Canada tour kicking it off at the Stampede with smart things to say about our Prime Minister:

Ignatieff showed his true colours right out of the box when, during his Calgary Stampede kickoff, he plagiarized Venezuelan whackjob Hugo Chavez by stating that, when he is near Prime Minister Stephen Harper, "you smell the whiff of sulphur coming off the guy."

Being an acclaimed scholar, one would have thought Ignatieff would have attributed the source of such a truly vile quote, but he didn't.

It comes, of course, from Hugo Chavez who, besides playing Crazy 8s with a euchre deck, referred to U.S. President George W. Bush as the "devil" during a 2006 address to the United Nations.

"The devil came here yesterday," said Chavez. "And it smells of sulphur still today."

I hope this guy stays on as opposition leader for a very, very long time--especially for an MP who cries against prorogation but has the second worst voting record in the House.

It appears the Liberals have succumb to trash politics as a last resort.  Watch as they continue to demean Mr. Harper and Conservatives, making being a Conservative supporter "uncool".  And it's coming from their Toronto bunker, and it will try and grow from there like a short-lived fad.  It's all they have left, because really, what now do they have left to lose?

Liberal hypocrisy at its finest

So after weeks and weeks of whining about Harper having parliament prorogued, the Liberals and NDP staging so-called non-partisan anti-prorogation rallies, and having his members "get back to work" during February, 29 Liberal MPs don't show up to vote on the budget, and this week Liberal leader Michael Ignatieff will be absent from the House of Commons as he embarks on a town hall tour.  Read more from Alberta Ardvark here.

These guys are unbelievable sometimes all the time.  Think Canadians have caught on?

Federal Budget 2010

Ok, da buhjits out so whadda I gotta say abootit?

No tax increases

• Feds cite Canada's strong fiscal situation - lowest debt-to-GDP ratio in the G7.
• Feds say they took ‘unprecedented actions' to support economy without jeopardizing Canada's long-term fiscal position and causing uncertainty about future tax increases.

People also forget that their net pay-cheque will increase because the personal exemption automatically goes up.  But then in 2011, EI premiums go up, so you won't see much difference on your paystub folks.

No cuts in major transfers to people and provinces

• transfers to persons to increase from $72 billion in 2010-2011 to $77.1 billion in 2014-2015
• transfers to provinces to increase from $51.4 billion in 2010-2011 to $62.4 billion in 2014-2015.

And here come the baby boomers!!!

$17.6 billion over 5 years in projected savings

• average annual growth in direct program spending after expiry of Economic Action Plan will slow to 1.3 per cent.

Ok, that's good I guess but that's what,  $3.5 billion per year?  Yawn.

$2.5 billion in savings for defence

• reduce previously planned growth in spending on Canadian Forces in 2012, after end of Afghan mission.

That's only natural.  How about retiring some generals?

$4.4 billion in savings from international aid

• Expected savings to grow from $438 million in 2011-2012 to over $1.8 billion in 2014-2015.

Wow, .. most is from Africa, I'd assume.  If the money we've poured in there has only boosted the coffers of corrupt governments and warlords, then not a bad idea to cut 'em off.

$2.5 billion in savings by closing tax loopholes

• includes new rules where employees surrender stock options to employer, in exchange for cash payments or other benefits.

My company won't let me do this anyway. But wow, $2.5 billion is a whack of cash is it not?

Wage freeze for prime minister, MPs and senators

• Departments will have to redistribute funds to pay for mandatory annual pay increases.
• 245 governor-in-council positions cut.

Wow.  Finally.

Departmental operating budget frozen until 2013

• However, employee pension and other benefits not subject to the general operating budget freeze.

No more 'empire building' for the mandarins!

$22 million in funding over 2 years for ‘Own the Podium'

• Ottawa doubling contribution to winter sports portion of fund
• $497 million for radar satellites

Ok, I guess it paid off as I get to brag to my American friends about how many gold medals we won, but what do radar satellites have to do with 'Own the Podium'?

$222 million over 5 years for nuclear and physics research

• New research on medical isotopes to shift burden away from troubled Chalk River reactor

Well that's good I guess.

$300 million in tariff savings for business

• Manufacturers to save money on production costs, new equipment

• A new red-tape reduction commission

"Red-tape reduction" ... almost sounds like cosmetic surgery!

$2 million for a community war memorial program

• work with communities and contribute a share of capital costs for construction of new cenotaphs and monuments that commemorate veterans.

Can't disagree with that.  If you do, then you don't like veterans. For shame!

$80 million more for an eco-energy retrofit program

• to finance up to 60,000 additional retrofits -- in addition to the $205 million provided through the Clean Energy Fund announced in December 2009.

Alrighty then... makes me wanna sell furnaces.

$87 million over 2 years for border security

• to further boost security, CSIS also getting $28 million over two years

But what about that stupid ~$10 fee per round trip I'm paying to have a scanner x-ray me?

Reduce cheque hold maximum from 7 days to 4 days

• and provide consumers access to the first $100 within 24 hours.

Stick it to the banks!

New longer-lasting bank notes in 2011

• Bills will be made of polymer material
• Less expensive coins could lead to savings of $15 million per year

Wow! I do prefer Bank of Canada money to the U.S. Federal Reserve toilet paper.

Cut deficit to $27.6 billion by 2013, and to $1.8 billion by 2015

• Forecast based on expectation of return to modest economic growth

And without raising taxes?  Liberals have said they would increase the deficit to help spur job growth.

$567 billion federal debt this year; $622 billion by 2015

• National debt expected to rise even as deficit reduced

Geez that hurts. All those payments made on the debt over the past 13 years...  luckily, interest rates are low so it's not as bad.  But it also means, I doubt we'll see any tax cuts in a while.

All this said, overall, it's a steady as she goes budget, but to get there, let's stop spending on stuff that's bogging us down.

But who knows what next year holds.  A year and a half ago, the Finance Minister didn't even think we'd have a deficit.

I still think government is too big and fat for what we get in return.  This budget is basically saying, "We're going on a diet pretty soon".

I'm just tired of giving them so much food to munch on.

Thank you to the baby boomer. Thanks a lot.

Parliamentary budget officer Kevin Page says taxes are eventually going to have to go up, coupled with cuts because them baby boomers are a retirin' and gonna be fewer folks workin' too, so someone needs ta pay fer it.  Well thank ya very much.

I'd like to officially thank the baby boomers for screwing over my generation (X) by leaving us with a massive government that we cannot possibly pay for in the future.  Way to create a pension plan that probably won't exist when I retire because they'll be no money left, despite me paying into it all these years.  Meanwhile, the important things will probably continue to hang by a thread. I'm talking about infrastructure, parks, and the military.

While bank CEOs and economists are calling for tax increases, the little guy and the middle class continually gets ignored.  Tax increases are the absolute LAST thing we need.  With the average household debt being just under $100,000, yeah, let's TAX them some more.  That'll really spur economic growth.  Leave it to a bureaucrat to come up with the brilliant idea that a new tax or tax increase will solve problems.  Friggin' geniuses they are!  Let's give 'em big raises and pensions for their smarts.

Hey, dipstick bureaucrat, instead of asking regular Canadians to tighten their belts, why aren't you and these "experts" calling for gov't to do the same?  (Wait, don't answer. It's too obvious.) 

As far as spending cuts, I don't mean just little cuts here and there, but to go through the entire bureaucracy, beyond what the Auditor General does, sell off crap the feds don't need, oh I dunno, like entire empty buildings and unused equipment, cut useless programs, departments, employees, and grants (oh there's plenty), and GET BACK TO BASICS.

I mean, how far do we take it the other way?  Does gov't just keep growing and expect the taxpayer to continually fund it?  It's really got to stop. It should have stopped a long time ago actually.  Oh but those boomers sure got a hold of government and made it grow, leaving a legacy of waste and mismanagement, didn't they?

I hope Harper, Flaherty, and Day stick to their conservative roots and find those areas I mentioned, get rid of them, while modestly and carefully cutting taxes at the same time.

Allow Canadians to pay off their debts, invest, and spend. That's how an economy grows and jobs are created.  Taxing them will diminish that from happening.

Now, you might be asking, "Hey, where's the Iggy jab, Hatrock?"  Well, if he were in power, we all know what he'd do.  And he's a boomer who didn't even live here for 35 years.

Yeah, thanks. Thanks a lot.