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slykethephoxenix@lemmy.ca to Canada@lemmy.ca · 1 day ago

Carney's plan to cut tens of billions in spending is tough but doable, experts say

www.cbc.ca

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Carney's plan to cut tens of billions in spending is tough but doable, experts say

www.cbc.ca

slykethephoxenix@lemmy.ca to Canada@lemmy.ca · 1 day ago
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  • humanspiral@lemmy.ca
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    11 hours ago

    Saving the economy will need more spending, even if some efficiencies in government is fine. Don’t hear about anything about economic boosting other than dead ender energy pipelines.

  • Nouveau_Burnswick@lemmy.world
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    18 hours ago

    Canada total spending is $450B

    But $120B of that is discretionary excluding transfer payments.

    So we’re looking at a whole of government reduction of $18B for 15%. Transport Canada spends $25B on roads.

    Stop subsidizing inefficient personal vehicles by making people absorb the real costs of them and we can make that cut in seconds.

    • nocklobster@lemmy.world
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      11 hours ago

      I’m going to sound like a moron asking this, but if the country makes over 2 trillion per year, and we are only spending 4 some-odd billion per year, shouldn’t we be able to get out of debt while staying afloat over time?

  • sbv@sh.itjust.works
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    19 hours ago

    I have a really hard time believing these cuts aren’t going to hurt services. They’re saying they aren’t going to lay off public servants, which suggests to me that it’ll be the actual service delivery that’ll take the hit.

    • alsimoneau@lemmy.ca
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      13 hours ago

      They’re absolutely saying it will hurt services.

  • grte@lemmy.ca
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    22 hours ago

    Cutting off your leg is tough but doable.

  • casmael@mander.xyz
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    21 hours ago

    What’s this guy’s deal, man. I thought he was supposed to be an economist?

    • Arkouda@lemmy.ca
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      21 hours ago

      What’s this guy’s deal, man. I thought he was supposed to be an economist?

      Do Economists never cut spending?

    • teppa@piefed.ca
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      16 hours ago

      Dont worry, he wont be cutting the Bank of Canada’s funding, nor the billions in mortgage bonds the Bank of Canada is buying to inflate home values for his stock portfolio. It will be the less important things like health transfers and child benefits.

  • Mongostein@lemmy.ca
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    16 hours ago

    Doable is a real word now?

    • Joseph Szymborski :qcca:@cosocial.ca
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      10 hours ago

      @Mongostein @slykethephoxenix earliest recorded use is from the 15th century, but it’s likely from the 12th.

      https://www.oed.com/dictionary/doable/_adj#6341248

      • Mongostein@lemmy.ca
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        1 hour ago

        Now that’s interesting

    • acargitz@lemmy.ca
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      11 hours ago

      As an allophone: it isn’t?

      • Mongostein@lemmy.ca
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        1 hour ago

        I don’t even know what an allophone is

        • acargitz@lemmy.ca
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          58 minutes ago

          https://en.m.wikipedia.org/wiki/Allophone_(person)

    • puppinstuff@lemmy.ca
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      16 hours ago

      Language evolves constantly. If people use a word and can understand its meaning and context then it’s a perfectly cromulent option.

      • Mongostein@lemmy.ca
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        15 hours ago

        I don’t disagree. I’ve been saying it since like… 2005. Seeing the CBC use it feels weird though. 🤷‍♂️

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