Five days of good warm sunny days forecast ? Really? That's wonderful isn't it? Well I hope it's already spring time so that we can all be happy, do the yardwork and gardening and let all my planted daffodils blossom into joyous arrays of yellow color flowers. Probably another 3 to 5 days before the bulbs open up and face sunlight.
My husband Lorne, my son Tyrel and brother-in-law are busy pruning trees at the Village. While I keep myself busy too, preparing fresh springrolls while I watch the new news on TV. It was Question Period at the Parliament and the new Prime Minister of Canada, Justin Trudeau is being questioned by the oppositions: NDP leader Thomas Mulcair and Conservative Leader Rona Ambrose. Early morning when it was time for the Minister of Finance questioned by the media on everything about the economy, deficit, investments and everything that could keep Canada's economic system in a "volatile" eco-political condition.
With huge deficit what could the government do to augment the volatile economy?
First we have to define what DEFICIT means.
DEFICIT is the amount when expenditures exceeds revenues.
Did the government spend so much last year 2015 or within the first two months of this year 2016? You'll find that out through accountancy. The government has CHECK & BALANCE whether there is surplus or not only the people close to seeing the real mathematical computation of everything can verify such numbers. Who are these people? The budgets of the Government always include the SOCIAL SERVICES in the form of Old Age Security, Guaranteed Income Supplements for Retired People, Family Allowances, UI and Unemployment benefits.
NOTE: The former PM Stephen Harper has given extra benefits for those who are in the lists before the ELECTION 2015. So the deficit has backfired now which is common sense. Prediction? You should watch TV and listen and watch and read newspapers. I think what happened is we relied too much on Mr. Peter Mansbridge and TV anchor newscaster when IT HAPPENED.
When the Government or the country accepted thousands of refugees (they want at least 25,000 of men and women, young and old), the Government will have the burden of supplying the much needed benefits from what I mentioned above as social services, plus the medical insurance and benefit for those refugees. ADDED COST BURDEN for Canada and its original inhabitants. Health care, Educational and Social welfare are part of the large expenditures and what else is left after? You could just imagine that the SURPLUS are actually in the form of Human Resources. Do these humans have wealth that they can provide for the economy? That if ever the United Nations should provide budget for the refugees. That's the right thing to do. You can't accept anymore refugees or be blamed by these people when they can't find employment. You have to do the right thing by accepting immigrants who are wealthy and business oriented willing to INVEST IN CANADIAN ECONOMY or be prepared to sink down the hole of quick sand.
Remember after World War II when almost half of the population of people perished, tons of wealth in the form of gold bullions, properties and land were accumulated to be restored in a certain place (I don't know) Do you know where? I think you can read the information through the BOOK OF KNOWLEDGE. For Canadian Economy please read page 87, 88, and 89 of ECONOMICS (Second Canadian Edition)
Truth be told there is certainty in the following quotes:
IF a government exceeds its expenditures
IT has a budget surplus.
IF a government's expenditures exceeds its revenues
IT has a deficit.
IF a government's revenues are approximately equal to its expenditures
Its budget is balance.
I hate to remind everyone that to "exceed revenues" the proper way to keep the business of the government in better shape and the country's economy the best in the world by collecting taxes and to increase taxes where it should be. That's why the new Canadian Prime Minister are after the "Middle Class."
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