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once again your full of crap with NO facts to back up your posts !
In 1993, Jean Chretien (Liberal Party) won the election and appointed Paul Martin as finance minister with an austerity mandate. Chretien was prime minister from 1993 to 2003. Martin won the Liberal Party leadership race after Chretien left office in 2003, and he governed from 2003 to 2006.

Martin's financial reforms and steady economic management skills reduced general government total expenditures from 52.9% of GDP in 1993 down to 38.8% in 2006. Martin's last full year as prime minister was 2005, at which point the expenditures were only 38.6% of GDP.


Over the 1993-2006 timeframe under Martin's leadership, these per-capita expenditures declined from the 1992 high to $13,879 in 2006, reaching a low of $12,707 in 1997 -- only a few years after the austerity measures began.

How did these 1993-to-2006 austerity measures affect Canada's economic performance? During the high-spending period between 1980 and 1992, per capita GDP-PPP in constant dollars rose by only 12.4%. During the corresponding austerity interval from 1993 through 2006, constant-dollar per-capita GDP-PPP rose by 27.4%. A clear win for austerity.





Thats austerity !


Hillary For Prison 2018
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Dave, Dave, you're talking about the Liberals balancing the federal books in the early 90s. It was tough, real tough.The recession and Keynesian consequences came 15 years later.

It's true Canada's earlier fiscal management got us through the recession better than any others in the G20 but Keynes entered during the recession. That's partly why the majority Conservative government is in high deficits now.

It isn't happenstance that The Bank of England has just hired our former Bank of Canada governor, Mark Carney, to get Great Britain on its feet. First time the venerable bank hired a foreigner for the job in its 400-year history.

I'm in your debt for bringing to the board's attention what a country can do to yank itself out of the hole, by putting its mind to it instead of playing to the gallery as it does in Washington.




Last edited by King Brown; 08/15/13 09:01 AM.
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Originally Posted By: King Brown

I'm in your debt for bringing to the board's attention what a country can do to yank itself out of the hole, by putting its mind to it instead of playing to the gallery as it does in Washington.


Wow, that was an interesting way to attempt to bullshit your way out of multiple lies. After multiple posts citing the alleged benefits of putting our country into an ever deeper hole, you now tell us that austerity was beneficial. Is that because Libtards see any savings, or prosperity that comes from saving, as a potential pool that can be drained and redistributed?

Still not working Burger King. We are in your debt for telling us so many whoppers.


A true sign of mental illness is any gun owner who would vote for an Anti-Gunner like Joe Biden.

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If it doesn't work, why do countries follow Keynes's theory? One of the most interesting Keynes engagements was with FDR during the New Deal. I was caught up in this while researching a story on the Nova Scotian from a nearby village, Lauchlin Currie, "a selfless soul who came south to save the Republic," according to John Kenneth Galbraith in his best-seller Age of Uncertainty, Page 220.

Currie's role was to explain Keynes to FDR's whiz kids, including Galbraith. Currie later lost his US citizenship and went off to do development work in Columbia. I wasn't interested in Keynes but casually sleuthing whether Currie may have been the never-found Washington mole mentioned in the Penkovsky Papers. Galbraith told me Currie, also formerly on the Harvard faculty,was not a Communist.

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If it works, why are so many nations that follow Keynesian theory in dire straits? Answer: You can't just follow the parts you want and continue to pile up debt in good times and bad just so you can advance a Libtard utopian vision. When you see the Libtard utopian vision fail, you cannot keep repeating the same stupidity and expect different results.


A true sign of mental illness is any gun owner who would vote for an Anti-Gunner like Joe Biden.

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Originally Posted By: King Brown
Dave, Dave, you're talking about the Liberals balancing the federal books in the early 90s. It was tough, real tough.The recession and Keynesian consequences came 15 years later.

It's true Canada's earlier fiscal management got us through the recession better than any others in the G20 but Keynes entered during the recession. That's partly why the majority Conservative government is in high deficits now.

It isn't happenstance that The Bank of England has just hired our former Bank of Canada governor, Mark Carney, to get Great Britain on its feet. First time the venerable bank hired a foreigner for the job in its 400-year history.

I'm in your debt for bringing to the board's attention what a country can do to yank itself out of the hole, by putting its mind to it instead of playing to the gallery as it does in Washington.





Keynesian economics has NEVER worked and you have ZERO proof it ever did just babbling BS that you famous for !



In 1980, Canada's unemployment rate was 7.5%. After years of excessive government spending, by 1992, it was 11.2%. Along comes austerity, and the unemployment rate falls from 11.4% in 1993 to only 6.3% in 2006.


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Austerity works and Stimulus DOES NOT

http://www.bloomberg.com/news/2013-01-07/why-austerity-works-and-fiscal-stimulus-doesn-t.html

After five years of financial crisis, the European record is in: Northern Europe is sound, thanks to austerity, while southern Europe is hurting because of half- hearted austerity or, worse, fiscal stimulus. The predominant Keynesian thinking has been tested, and it has failed spectacularly.

The starkest contrasts are Latvia and Greece, two small countries hit the worst by the crisis. They have pursued different policies, Latvia strict austerity, and Greece late and limited austerity. Latvia saw a sharp gross domestic product decline of 24 percent for two years, which was caused by an almost complete liquidity freeze in 2008. This necessitated the austerity that followed.

Yet Latvia’s economy grew by 5.5 percent in 2011, and in 2012 it probably expanded by 5.3 percent, the highest growth in Europe, with a budget deficit of only 1.5 percent of GDP. Meanwhile, Greece will suffer from at least seven meager years, having endured five years of recession already. So far, its GDP has fallen by 18 percent. In 2008 and 2009, the financial crisis actually looked far worse in Latvia than Greece, but then they chose opposite policies. The lessons are clear.


Hillary For Prison 2018
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Doesn't US have highest incarceration rate in the world, Joe, a big private and public employer, economic stimulus---and enormous drag on taxpayers. Are you suggesting it's less expensive than social welfare?

I don't know if US crime is going down, as it is here, but our federal government is following the US example by building more jails and penitentiaries. I don't know latest figures but think cost is around $50,000 annually per inmate.

Workhouses? My guess is it's less expensive to bring in hundreds of thousands of motivated immigrants on work permits to do seasonal work our citizens won't do or can't do. Productivity of the dragooned would be near zero!


Last edited by King Brown; 08/15/13 09:59 AM.
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DaveK, I'm sure you are noticing how King deftly dances around any facts and simply moves on to even more Libtard fantasy. Now he's talking about the costs of incarceration while ignoring the fact that a career criminal costs society much much more when they are on the street committing crimes. I'm only talking about monetary costs and omitting the human suffering they cause. And he ignores the fact that it was the Great Society, which is a breeding ground for fatherless men, with no morals and no values, who go on to become incarcerated. Why debate whether incarceration of violent career criminals is more or less expensive than social welfare programs when it is social welfare programs that exacerbate the problem in the first place? King seems incapable of telling or even grasping the truth. You have to wonder about his mental state.


King, under Canadian National Health Care, how long do you suppose it would take you to get the psychiatric help you obviously need?


A true sign of mental illness is any gun owner who would vote for an Anti-Gunner like Joe Biden.

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Originally Posted By: King Brown
Doesn't US have highest incarceration rate in the world, ... Are you suggesting it's less expensive than social welfare?

... is it's less expensive to bring in hundreds of thousands of motivated immigrants on work permits to do seasonal work our citizens won't do or can't do...



Point one: Compare the US to Russia or Communist China...

Point two: Welfare blacks are driving MB cars here...

Point three: "motivated immigrants" take jobs from US citizens. Period. Except blacks on welfare who get MORE that way than by working.

(it's waaay too easy jousting with a vacuous mind)

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