Prime Minister Justin Trudeau’s government unveiled details of its plan to tighten government spending Thursday — and not all departments are feeling the same impacts.
Deep defense cuts, now? That’s certainly one way to approach a destabilising great power neighbour, a new cold war, and an ongoing peer conflict in Ukraine.
If the US continues to destabilize, we’re fucked anyway. Any aid we can provide to Ukraine is going to be us allocating funds to buy American weapons that we then ship off to Ukraine.
The government said the cost-cutting initiative excluded agents of Parliament and small organizations with budgets under $25 million a year.
In the 2023 budget, released in April, Finance Minister Chrystia Freeland said promised reductions in government spending would “represent savings of $15.4 billion over the next five years.”
The government’s supplementary estimates, meanwhile, give DND an additional one-time transfer of $1.5 billion — $500 million of it for military aid to Ukraine.
“This is just the first tranche of the results relating to our spending review,” Treasury Board President Anita Anand told reporters on her way into question period.
The government has for months touted its plan to rein in spending, trim travel costs and cut the sums spent on professional services by outside contractors.
“Departments were asked to review programming and operations to identify where there might be duplication, lower value for money, or misalignment with government priorities,” it wrote.
The original article contains 717 words, the summary contains 149 words. Saved 79%. I’m a bot and I’m open source!
can you please flesh out what you mean by “nationalize”
did you plan on paying people for what they have invested in these industries or just taking it away from them?
For Telecom, they’d get paid something for towers and lines connecting everything, but also keep in mind we’ve given them billions to do it as well, and they’ve failed when it comes to rural support. So it wouldn’t be fair market value IMO.
From there, anyone could use the network to run a service, all becoming MVNOs (mobile virtual network operator) and pay to access the lines all at the same wholesale rates.
At that point Canada could hold off on offering their own MVNO and see what happens before taking a further step of making their own MVNO. Maybe each province would make their own?
Simple. Just make the board of directors be made of people who are pro nationalization then direct them to sell the company to the citizenry for pennies on the dollar.
Just like what Royal Mail did. The tory government sold it during a strike thereby selling it at a much lower value.
So as follows:
Make the board of directors of a corporation out of people that are pro nationalization (rig shareholder elections if you need to)
Create a crisis in the company (strike or slow down or loss of an important government contract)
Have the hand picked board of directors sell the company to the government for pennies on the dollar
Give the hand picked directors healthy public pensions and an Order of Canada
Rinse and repeat
We should not be in favour of theft but in favour of “fair market value” and “market efficiencies by cutting the extra fat off of private ownership” ;)
The conservatives/liberals did it one way it’s equally valid the other way.
If it’s theft if done by our government then it’s theft if privative investors do it to us.
At least it aligns our fiscal policy with our current monetary policy. I wonder to what extent they are making these cuts precisely to put downward pressure on inflation, and thus encourage the central bank to reduce interest rates in the future.
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Deep defense cuts, now? That’s certainly one way to approach a destabilising great power neighbour, a new cold war, and an ongoing peer conflict in Ukraine.
If the US continues to destabilize, we’re fucked anyway. Any aid we can provide to Ukraine is going to be us allocating funds to buy American weapons that we then ship off to Ukraine.
Right after they told their allies they’re committed to the NATO spending targets
You only need to look at the CO2 targets we’ve committed to to see how much Canada’s commitment to anything means.
This is the best summary I could come up with:
The government said the cost-cutting initiative excluded agents of Parliament and small organizations with budgets under $25 million a year.
In the 2023 budget, released in April, Finance Minister Chrystia Freeland said promised reductions in government spending would “represent savings of $15.4 billion over the next five years.”
The government’s supplementary estimates, meanwhile, give DND an additional one-time transfer of $1.5 billion — $500 million of it for military aid to Ukraine.
“This is just the first tranche of the results relating to our spending review,” Treasury Board President Anita Anand told reporters on her way into question period.
The government has for months touted its plan to rein in spending, trim travel costs and cut the sums spent on professional services by outside contractors.
“Departments were asked to review programming and operations to identify where there might be duplication, lower value for money, or misalignment with government priorities,” it wrote.
The original article contains 717 words, the summary contains 149 words. Saved 79%. I’m a bot and I’m open source!
How about stop subsidizing fossil fuel, or Air Canada, or Bell/Rogers?
And the meat industry:
https://nationrising.ca/information-subsidies/
Its disgusting that such an unethical industry is propped up by tax dollars to the tune of billions.
How about nationalize our O&G, airline, and telecom?
can you please flesh out what you mean by “nationalize” did you plan on paying people for what they have invested in these industries or just taking it away from them?
Investing is supposed to be a risky venture. This is the risk.
This has been done in the past in other countries. Multiple times. What were the consequences? Is that what you want to happen in Canada?
Learn from history, people.
For Telecom, they’d get paid something for towers and lines connecting everything, but also keep in mind we’ve given them billions to do it as well, and they’ve failed when it comes to rural support. So it wouldn’t be fair market value IMO.
From there, anyone could use the network to run a service, all becoming MVNOs (mobile virtual network operator) and pay to access the lines all at the same wholesale rates.
At that point Canada could hold off on offering their own MVNO and see what happens before taking a further step of making their own MVNO. Maybe each province would make their own?
Simple. Just make the board of directors be made of people who are pro nationalization then direct them to sell the company to the citizenry for pennies on the dollar.
Just like what Royal Mail did. The tory government sold it during a strike thereby selling it at a much lower value.
So as follows:
We should not be in favour of theft but in favour of “fair market value” and “market efficiencies by cutting the extra fat off of private ownership” ;)
The conservatives/liberals did it one way it’s equally valid the other way.
If it’s theft if done by our government then it’s theft if privative investors do it to us.
I still hear about the NEP here in Alberta.
Nationalization O&G sounds good to me but it’ll never happen.
Better yet seize air Canada back and take the telecom towers we paid to build
At least it aligns our fiscal policy with our current monetary policy. I wonder to what extent they are making these cuts precisely to put downward pressure on inflation, and thus encourage the central bank to reduce interest rates in the future.
The goof is cutting a lot of money out of the federal food inspection agency and nothing from the CBC.