Showing posts with label federal budget. Show all posts
Showing posts with label federal budget. Show all posts

Sunday, May 18, 2025

Carney bypasses Parliament to spend $70 Billion

Since taking power, Prime Minister Mark Carney has authorized more than $70 billion in spending without parliamentary approval, by using "special warrants" normally reserved for emergencies.  

Carney is already steamrolling basic constraints on power | National Post | Tristin Hopper:

May 16, 2025 - "Only two months into the job, Prime Minister Mark Carney is already steamrolling through the usual checks by which a Canadian government is supposed to spend and manage taxpayer money. During the federal election, Carney greenlit a record $70 billion without Parliamentary approval. And now, even before the House of Commons has reconvened, his government has signalled its intentions not to publish a budget. With both actions, the new Liberal government has neutered one of the reasons Canada has a Parliament in the first place: To review and manage the disbursement of money....


Mark Carney at World Economic Forum, Davos, 2010. 
Photo by WEF. CC BY-SA 2.0, Wikimedia Commons.

"During his brief tenure, Carney has already used his executive authority to request two disbursements of money outside the federal government’s usual spending channels. On April 1, Carney was granted an order-in-council releasing $40.3 billion in emergency funds. The second, granted on May 2, was for $33.1 billion.

"The orders alone are not unprecedented: There’s long been a provision for the Governor General to release emergency funds to keep the lights on during a federal election. It’s called a 'special warrant'; an emergency dispensation of money 'urgently required for the public good.'

"Where Carney took the provision into uncharted territory is in the sheer scale of money, $73.4 billion, that he released via special warrants without the figures being approved by the House of Commons. In the snap election of 2011, by contrast, it only took $24.5 billion in special warrants to keep the federal government operational. The 2008 election required no special warrants.... 

"On the issue of a federal budget, Carney is also not violating any written rules in refusing to produce one. He’ll simply be breaking with more than a century of Parliamentary precedent in tabling multi-billion-dollar appropriations bills before the House of Commons with few specifics as to his government’s wider fiscal plans.

"It’s been more than five months since the federal government has actually approved funding the way it’s supposed to: Via an itemized 'money bill' that is approved in a vote by the House of Commons. The last one, for $21.6 billion, was passed on Dec. 10.... The Dec. 10 appropriations bill ... only covers four months of government spending.... There have been periods in Canadian history where the country has gone more than a year without a federal budget. But there were always extenuating circumstances. The most obvious being the failure to table a federal budget in 2020, the first year of the COVID-19 pandemic. In the midst of the Second World War, similarly, the feds went a then-record 482 days between budget presentations.

"But what hasn’t really happened before is a government refusing to table a budget in the immediate aftermath of a contentious federal election resulting in a hung parliament.... Conservative MP Mike Lake noted that the Tories had a budget ready only five weeks after their victory in the 2011 general election. Wrote Lake, 'it is entirely unacceptable for this new Carney Liberal government not to present a budget at this time of fiscal chaos caused by the previous Liberal government.'"

Read more: https://nationalpost.com/opinion/carney-is-already-steamrolling-basic-constraints-on-power

Wednesday, December 18, 2024

Canadian deficit crashes through $40B guidepost

Canada's Finance Minister Chrystia Freeland resigned rather than deliver the Trudeau government's Fall Economic Statement, which shows a federal deficit 50% higher than the $40.1 Billion "fiscal guidepost" Freeland had committed to in the spring Budget.  

Government still planning to unveil economic statement despite Freeland's resignation | CBC News | Karina Roman:

December 16, 2024 - ""The federal government is still planning to unveil its long-awaited fall economic statement (FES) today — putting to rest weeks of speculation about a higher-than-projected deficit and the potential failure of other fiscal 'anchors' Ottawa claimed would keep its budget on track. The government's plans for the FES were thrown into chaos this morning when Finance Minister Chrystia Freeland announced she would resign from Prime Minister Justin Trudeau's cabinet....

"Just last spring, in her Budget 2024 speech, Freeland laid out three 'fiscal guideposts' she said would demonstrate the government's continuing commitment to fiscal responsibility. The first was a promise to keep the 2023-24 deficit at or below $40.1 billion. Last week, Freeland would no longer commit to meeting that target."

Read more: https://www.cbc.ca/news/politics/fall-economic-statement-freeland-deficit-1.7410406

Federal deficit climbs to $61.9B as Freeland resigns | CBC News: The National | December 16, 2024:


Federal deficit balloons to $61.9B as government tables economic update on chaotic day in Ottawa | CBC News | Catharine Tunney:

December 17, 2024 - "The federal government tabled a fall economic statement Monday that calls for more than $20 billion in new spending and explains how last fiscal year's deficit ballooned to $61.9 billion — but it was Chrystia Freeland's abrupt resignation as finance minister and her questioning of her own government's economic policy that sent Canadian politics into a frenzy.... 

"Freeland, who was meant to deliver the statement, resigned from Prime Minister Justin Trudeau's cabinet just as reporters and stakeholders were headed to a media lockup to view the document.... Government House leader Karina Gould ended up tabling the fall economic statement in the House of Commons on Monday afternoon just after 4p.m. ET. By dinner time in Ottawa, Public Safety Minister Dominic LeBlanc had been sworn in as the new finance minister.

"Along with showing that the federal government blew its own deficit target by more than $20 billion, the document — overseen by Freeland before her resignation — includes ... $1.3 billion for a border security package over six years ... although the 270-page document doesn't explain exactly how that money will be spent. The government is also earmarking billions of dollars to boost Canadian businesses amid global uncertainty....

"Freeland's resignation letter suggests she did not agree with her boss on how to tackle those challenges.... She also took a parting shot at her boss's handling of the country's economy, denouncing what she called the government's 'costly political gimmicks' and imploring him to work collaboratively with the country's premiers to confront Trump['s] tariff threat....

"In her spring Budget 2024 speech, Freeland laid out guideposts she said would demonstrate the government's continuing commitment to fiscal responsibility. The first was a promise to keep the 2023-24 deficit at or below $40 billion. The federal government has blown past that benchmark; Monday's update posts a deficit of nearly $62 billion for last fiscal year. [Given an inflation rate of at least 1.7%, a $61.9 billion deficit will add more than $1 billion a year to debt interest charges. - gd]

"The federal government says the 2023-24 spike is due to one-time costs, including $16.4 billion related to Indigenous claims playing out in court and $4.7 billion related to the COVID-19 pandemic. The deficit is projected to dip down to $48.3 billion for this current fiscal year."

Read more: https://www.cbc.ca/news/politics/fall-economic-update-freeland-trudeau-1.7411825

Wednesday, January 24, 2018

Less to gov't "shutdown" than meets the eye

Red Dirt Liberty Report: Shut It All Down! - Being Libertarian - Danny Chabino:

January 23, 2018 - "Unless you’re an American under total mental lockdown, you are aware that there was yet another government shutdown recently. It seems it’s a common occurrence, if only for a few days, every time there is a budget that needs to be passed....

As a libertarian thinker, it’s easy to cheer on the thought of a government shutdown ...  a respite from 'big brother' and the overreaching arm of illegitimate control over individual liberty.... However, this really isn’t that at all. This sort of government shutdown usually means 'non-essential' personnel go home, while many others are forced to continue working without pay until government is in full operation again. Then, everyone receives their full pay that was missed. Contractors who were blocked out can return to their contracts as well. In the meantime, we’ve spent no less money, government hasn’t stopped enforcing debilitating laws and regulations, and liberty really hasn’t changed at all.

"In the US, all that changes under a government shutdown is that people who were hired to do a job and depend on their paycheck like everyone else, have to figure out some way to get by with no pay for a while. One could argue that maybe government employees should go into these jobs fully aware of this risk (especially given that it seems to be an almost permanent threat every time it’s time to fight over the budget), but let’s be realistic. Only a very small portion of Americans have enough savings set aside for unexpected and immediate loss of income. Not to mention, these employees are essentially under a contract – a legal promise to pay for work. They haven’t been fired, and they are not under breach. Instead, the government is under breach and is not holding up its end of the deal. One could also call into question why the government continues to employ anyone who is “non-essential.” However, if you suddenly stop paying someone an amount you agreed, unless they are fired or let go, then the promise is broken, and the employer is in breach.

"A government shutdown, at least of most government functions, would be both a wondrous and glorious thing. It’s what I would love to see, and I’m positive most libertarians would as well. But, that would require actually shutting down those parts of government – ending funding for them and closing them for good. There would be no expectation of future work for employees, just as there is none when a private business closes.... We want to stop having to pay for things that shouldn’t be necessary. We want to end overreach, not just pretend to suspend it (even though it hasn’t been suspended in the slightest). The laws and regulations are still there, and they will be enforced, either now or when work resumes, retroactively."

Read more: https://beinglibertarian.com/red-dirt-liberty-report-shut/
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Monday, March 6, 2017

Libertarian Mulvaney in as U.S. budget director

House Libertarians encourage young Libertarians to fight on for majority voice in Congress - WatchdogWire - Katherine Rodriguez:

August 2, 2013 - "United States Congressmen Justin Amash, Mick Mulvaney, Raul Labrador, and Thomas Massie rallied an excited crowd of young Libertarians to fight for a majority in Congress Thursday night.
"The panel moderated by Next Generation TV host Michelle Fields, took place at George Mason University’s Arlington campus on the second night of the 2013 Young Americans for Liberty Conference....
"South Carolina Rep. Mick Mulvaney mentioned how the Republican Party has has had difficulty reaching out to those younger voters, but urged libertarians to use that opportunity to grow the party.
”'Individual liberty means a lot more to them than folks of my generation, Mulvaney said, 'This [is] our opportunity to reach out to younger people and grow the party - you are the swing voters.'"

Read more: http://watchdogwire.com/blog/2013/08/02/house-libertarians-encourage-young-libertarians-to-fight-on-for-majority-voice-in-congress/


Tea party gains voice as budget chief squeaks through | Ap | phillytrib.com - Andrew Taylor, Associated Press:

"February 17, 2017 - The Senate on Thursday confirmed President Donald Trump’s pick to run the White House budget office, giving the Republicans’ tea party wing a voice in the Cabinet.
"U.S. Rep. Mick Mulvaney (R-S.C.) squeaked through on a 51-49 vote in the Republican-controlled Senate.
"U.S. Sen. John McCain ... opposed Mulvaney for the nominee’s past House votes supporting cuts to Pentagon spending.... Democrats opposed Mulvaney over his support for curbing the growth of Medicare and Social Security and other issues"

Read more: http://www.phillytrib.com/ap/tea-party-gains-voice-as-budget-chief-squeaks-through/article_2b78b2de-7db4-557a-b895-ce8e893d231f.html

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Thursday, February 16, 2017

Obamacare repeal no cure for U.S. deficit ills

On Spending, Is Rand Paul the Last Man Standing? - Barry W. Poulson, American Thinker:

February 15, 2017 - "Sen. Rand Paul (R-Ky.) was the only legislator to vote against Senate Concurrent Resolution 3, which sets the framework for budget negotiations in the 115th Congress. His vote was dismissed as an alleged example of libertarian extremism, but I suggest this vote is a measure of the extent to which legislators have lost touch with their constituents.

"Senate Concurrent Resolution 3 proposes to repeal the Affordable Care Act (ACA) without changes to other parts of the budget. The truly surprising (and disappointing) part of the legislation is it exempts future health care legislation replacing the ACA from current budget rules meant to impose fiscal discipline.... Because we can expect health care spending to grow at even higher rates than those projected by the Congressional Budget Office, this legislation is particularly problematic.

"Even more shocking is Senate Concurrent Resolution 3 assumes business as usual in future budget negotiations. Total spending is projected to grow from $3.2 trillion to $4.9 trillion over the next decade. Annual deficits will roughly double to more than $1 trillion; and total debt will increase from $20 trillion to $29 trillion....

"The universal support of Senate Concurrent Resolution 3, with Paul the lone dissenter, suggests legislators are not willing to enact the fundamental reforms in Medicare and Medicaid required to balance the budget. Nor should we look to Trump for leadership on this issue. He has made it clear entitlement reform is not on his agenda, stating, 'A balanced budget is fine, but sometimes you have to fuel the well in order to really get the economy going'....

"In 2016 alone, legislators proposed 192 bills to address budget deficits and the national debt. Paul’s bill, the Cut Cap and Balance Act of 2015, was one of only a dozen of these bills to be reported out of committee, and like other similar measures, it was rejected by his fellow members of Congress on both sides of the aisle....

"Despite his failures to get significant reforms passed in Congress, it is Paul, not his colleagues, who is in touch with his constituents. Nationwide polls conducted on behalf of the Balanced Budget Amendment Task Force ... reveal 83 percent of citizens support a balanced budget amendment to the Constitution.

"If Paul is the only legislator in the Senate willing to stand up for a balanced budget when the chips are down, perhaps it is time for citizens to look for an alternative solution to the federal fiscal crisis. Twenty-eight state legislatures have now passed resolutions proposing a balanced budget amendment to the Constitution. Only 34 states are needed to call an Article V convention, which, given the current restraints in Washington, D.C., may be a better option than waiting for Congress or the president to act.

Read more: http://www.americanthinker.com/articles/2017/02/is_rand_paul_the_last_man_standing.html
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Saturday, December 19, 2015

GOP sells out on omnibus spending bill

Articles: RIP Republican Party - Brian C. Joondeph, The American Thinker:

December 19, 2015 - "If there was any question about the relevance of the Republican Party, this week’s budget deal removes all doubt. The Republican Party might as well close up shop and merge with the Democrats. Not as a merger of equals, but more of a capitulation, a surrender, a sellout. There is no need for two parties in Washington DC as only one party is relevant in terms of advancing an agenda. The irony is that the agenda driving party is in the minority and despite losing badly in two midterm elections, the Democrats are still running Congress.

"Another 2000-plus page bill passed by Congress with little transparency or discussion. You mean ObamaCare? No: Paul Ryan’s $1.1 trillion spending bill, his first major legislative 'achievement' as House Speaker.

"The deal suspends the debt limit until 2017, well after the presidential election, effectively taking unsustainable debt off the table as a campaign issue. Obama doubled the national debt? So what? Republicans are helping him. Don’t worry though, the spending cuts will take place in 2025....

"What has this latest budget deal done to thwart the Obama agenda? Very little. The omnibus bill fully funds Obama’s executive amnesty program. Sanctuary cities are funded.... The student and fiancée visa programs are funded, along with green card and other refugee programs.... Illegal aliens coming across the southern border? Ryan’s bill funds their resettlement.... Illegals even have their tax credits funded by Ryan’s bill.... Any funds allocated to complete the southern border fence promised in 2006? No. Somehow Congress ran out of money for that. But not for a tall security fence around Paul Ryan’s own home....

"Planned Parenthood is fully funded.... No funding cuts to ObamaCare either, kicking down the road some of the onerous ObamaCare taxes. Even Obama’s global warming climate change bill receives funding without any restriction.

"Instead of opposition to the Obama/Democrat agenda, Republicans have not only surrendered, but are also advancing this agenda.... Impeachment is off the table. So is Republicans' 'power of the purse' because the leadership has ruled out any government shutdown....

"Republican establishment types wonder why Donald Trump is leading in the polls.... The smart set at Fox News can’t understand why 'we the people' aren’t flocking to Jeb or Marco, and instead supporting racist/fascist Donald Trump or Ted Cruz.

"These two may be the last and only hope of maintaining a two-party system. If the establishment manages to destroy Trump and Cruz, then it’s lights out for the Republican party. The base will stay home and the Founding Fathers will roll over in their graves. As for any future support for the GOP, my answer be a Mrs. Clinton refrain, 'What difference does it make?' The Republican Party will be six feet under and we will have one-party rule in Washington, DC."

Read more: http://www.americanthinker.com/articles/2015/12/rip_republican_party_.html
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Wednesday, May 6, 2015

Australian Senator offers budget alternatives

Fire public servants, cut welfare, stop funding research; David Leyonhjelm's libertarian budget | afr.com - David Leyonhjelm, Financial Review

April 27, 2015 - "In its first budget the Abbott government dabbled with a theme of spending restraint and return to surplus.... Now, as the government prepares its second budget, it is dabbling with a theme of 'nothing dramatic'... But the case for spending restraint and a rapid return to surplus is as strong as ever.....So my plan is to cut more than $30 billion out of annual appropriation bills, which usually authorise around $140 billion in spending....

"I would not allow any spending on new policies or capital equipment (other than defence equipment) in the annual appropriation bills....

"I would then cut various existing programs that are not protected by an enduring appropriation.... A good number of these may actually be unconstitutional, given that the Commonwealth has no explicit authority in section 51 of the Constitution.....

"I would cut foreign aid..... Apart from the commitment of military and public health resources in response to natural disasters, the government does not need to be philanthropic on our behalf. Individual Australians who care about conditions in other countries can and should be encouraged to make donations from their own wallets.

"I would cut Commonwealth spending on the health bureaucracy, because healthcare is a state responsibility and government support is best provided directly to individuals rather than to health departments and institutions.

"I would also cut spending that promotes healthy lifestyles, as how we live is none of the government's business. I would nonetheless retain spending on immunisation, which provides benefits beyond the individuals who receive the vaccine.

"I would cut industry assistance, including for exporters, agriculture, the sports industry, the arts industry, and that part of the broadcasting industry we call the ABC and SBS. This is just corporate welfare for the favoured few.

"I would cut government spending on research. It crowds out philanthropic and business support, which would provide greater discipline to the direction of research.

"And I would cut indigenous programs, because race should not determine access to government services.

"Commonwealth grants for regions, infrastructure and schools that are in annual appropriations bills would be cut, because they are areas of state responsibility. I would cut spending on climate change programs because, among other things, I see the reality of global inaction. And I would cut other areas of symbolic spending such as the Human Rights Commission, family studies, and gender equality....

"My spending cuts would mean at least 15,000 public servants lost their jobs....  For the public servants that remain, I propose to cut their pay by 10 per cent. After a decade in which pay and employment grew faster in the public sector than the private sector, this is a reasonable option. And yes, politicians' pay should be cut by the same amount.

"Overall, my approach would deliver a surplus in the coming financial year, based on available numbers, without resorting to tax hikes."

Read more: http://www.afr.com/news/policy/budget/fire-public-servants-cut-welfare-stop-funding-research-david-leyonhjelms-libertarian-budget-20150427-1mu62y
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Wednesday, July 2, 2014

Kill The Export-Import Bank - Time

House Conservatives Are Right: Kill The Export-Import Bank | TIME -Michael Grunwald:

July 2, 2014 - "The self-proclaimed fiscal conservatives who run the Republican Party did not object to the bloated agribusiness subsidies in this year’s $956 billion farm bill. They’ve fought for weapons systems the Pentagon doesn’t want and water projects the country doesn’t need. They’ve helped repeal sensible flood insurance reforms designed to slash subsidies for waterfront property. And now they expect us to cheer their efforts to kill the obscure Export-Import Bank, which doesn’t even cost taxpayers money?

"Sure, why not? The Republicans may be hypocrites, but they’re right to take aim at the Ex-Im Bank.

"The Ex-Im is, as Senator Barack Obama said during his presidential campaign, 'little more than a fund for corporate welfare.' It provides cheap credit to foreign borrowers, often cash-flush behemoths like Brazil’s state-owned oil company or the emirate of Dubai, so they can buy products from U.S. exporters, often cash-flush behemoths like Boeing, Bechtel, Caterpillar or General Electric. It’s dearly beloved by the U.S. Chamber of Commerce and the National Association of Manufacturers, but it’s often earned its reputation for crony capitalism. William Jefferson, the congressman memorably caught with cash in his freezer, got his dirty money in exchange for introducing corporate executives to Ex-Im officials, and the Justice Department is now investigating potential corruption inside the bank....

"Opposing the Ex-Im doesn’t mean agreeing with the Tea Party notion that government shouldn’t try to do anything — just that it should stop trying to do this."

Read more: http://time.com/2951443/export-import-bank-house-conservatives/
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Wednesday, October 2, 2013

Johnson rips Washington on federal shutdown

Former Libertarian presidential candidate Gary Johnson rips Washington on fed shutdown | Sunshine State News:

September 27, 2013 - "Former Gov. Gary Johnson of New Mexico, who was the Libertarian Party’s presidential candidate in 2012, compared politics to a 'reality show -- except that the actors are completely out of touch with reality' in an email sent out to supporters on Thursday.

"'While the rest of us are trying to make a living in the face of unsustainable government debt, ever-increasing regulations, and abuses of our freedoms, our elected senators and representatives are playing games,' Johnson wrote. “For months, everyone has known that the last budget deal President Obama and Congress cut [would] expire Monday. Unless they come up with a new deal or pass something to kick the can down the road for a few more days, we [would] see the silly exercise of a government "shutdown." Here we are ... and they are just now getting serious'....

"'What business, what organization, what family would operate that way -- if they expected to survive?' Johnson continued. 'Don’t get me wrong. I would love to see the Affordable Care Act (Obamacare) defunded. In fact, I’d like to see a lot of government programs and entire departments "defunded." But the reality is that it isn’t going to happen in the next four days. What IS going to happen is that the politicians on both sides are going to cut another deal. And when we get a chance to see that deal, it will do nothing to stop the government from spending hundreds of billions of dollars that it will either have to borrow or print.'"

Read more: http://www.sunshinestatenews.com/blog/gary-johnson-slams-washington-potential-federal-government-shutdown
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Tuesday, October 1, 2013

Libertarians: Make government slowdown permanent (and defund Obamacare)

NewsRoomAmerica.com - Libertarian Party calls for permanent government spending slowdown, defunding Obamacare - : Contact: Media Coordinator, Molly Schwoppe • (202) 333-0008 • media@lp.org

September 28 2013 - "There is no impending government shutdown — only a government slowdown. The threat of a 'shutdown' is designed to scare voters while avoiding scrutiny of reckless government overspending.

"If federal lawmakers do not pass a budget or a 'continuing resolution (CR) by Oct. 1, a government spending slowdown will take effect. This could halt almost $1 trillion in annualized spending that the CR would authorize, which is the size of the current federal deficit. If made permanent, this would cut annual federal spending by approximately 27 percent to $2.7 trillion — the current level of revenues coming in.

In other words, a federal slowdown — if allowed to take full effect — would balance the federal budget....

"Do politicians properly prioritize spending cuts when a slowdown takes effect? Yes and no. Functions that affect life or property generally remain funded, but many needed cuts — such as lucrative government perks, Obamacare, and large volumes of waste marbled throughout government spending — remain intact.

"Furthermore, lawmakers have made numerous exceptions to the slowdown. Only a portion of the $1 trillion that would be authorized by a CR will be blocked if a slowdown takes effect.

"While the particulars of the impending slowdown are far from perfect, any serious spending cuts are a welcome change from wildly irresponsible government overspending and growing government debt.

Read more: http://www.newsroomamerica.com/story/388458.html
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Thursday, March 17, 2011

Sen. Paul Unveils 5-Year Budget Plan: Eliminates Four Federal Agencies

Sen. Paul Unveils 5-Year Budget Plan: Eliminates Four Federal Agencies - The Note, Mar. 17, 2011: - ABC News' Mary Bruce reports:

"Senator Rand Paul, R-Ky., unveiled today his five-year path to a balanced budget, leaving several federal agencies behind. Among the items on the cutting room floor are the Departments of Education, Energy, Commerce and Housing and Urban Development.

"The proposal also calls for the repeal of 'Obamacare,' but leaves entitlements untouched....

"According to Paul, a Tea Party conservative, the proposal will bring spending to the 'historic average since World War II' in just one year. He further claims the budget achieves a $19 billion surplus by FY2016 and will bring all non-military discretionary spending back to FY2008 levels.

"Paul’s proposal gained support from freshman Senator Mike Lee, R-Utah, who today challenged anyone who opposes the plan to come up with a better option."