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Ho Hum

February 27, 2008 @ 09:51

I’ve had several e-mails from people who want to know my take on the federal budget that was handed down yesterday.

To be honest, I don’t have a lot to say.

It was a boring and uneventful, much like Canadian politics are right now. That’s what happens when you have a minority government.

I often hear it said that Canadians like minority governments because it keeps the sitting party honest. They can’t do anything radical because they can be toppled by the other parties.

Well there you go, yesterdays budget was a minority government budget so there’s no use complaining about it until somebody is given a clear mandate.

I’d love to see the Harper government given a majority but I think it’s too late for that now. The unfounded Conservative hysteria that exists in Canada won’t allow it.

I’m sure come the next election Canada will play it safe and re-elect the Liberals.

We get what we deserve.

Having said all that, I will comment on one aspect of the budget. The tax-free savings account. The government will allow Canadians to save up to five thousand dollars a year out side of their RSP's in a savings account that is exempt from tax or capital gains.

Seems like a good idea, but already the its under fire.

I've heard complaints on the radio this morning that the average Canadian can't afford to save any money so this will only benefit those who can save money, in other words, the rich.

There is no hope.

Category: Politics

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78 Responses to "Ho Hum"


Bob
February 27, 2008 / 12:58

I get a laugh out of people who comment that only the rich can save $5000 a year.

Most middle income people should be able to save that kind of money if their priorities are set properly. But that is the problem in today's society. Most people want everything right now, forget about saving first.

I for one don't have a problem to save 5 grand because I don't need everything "fashionably new" all the time. I replace things when they no longer work. Right now my 30 year old stove, my 20 year old dishwasher and fridge are working just fine. Thank you.


Andrew
February 27, 2008 / 14:20

I disagree with you, Bob. A lot of people would have problems saving $5000/year. You obviously have no understanding of what a lot of the average people are going through.

If you are only making 35000/year before tax, saving $5000 a year can hurt or become impossible.

I don't have a problem with the plan, I think it may encourage people to save a bit more, but it is a bit better for the "better off". I won't say rich because $5000/year or $450/month isn't "rich".


Frank the Tank
February 27, 2008 / 21:40

Bob: How's your trailer?


Big J
February 28, 2008 / 08:40

Anything that puts more of my hard earned money in my pocket works for me.
Yes this budget was a little drab, but when we work on reducing debt and cutting taxes. Thats a good thing!


Jason | GetYourOJ.com
February 28, 2008 / 08:51

Yeah, it's entirely unfounded Fred, isn't it? They aren't homophobic warmongers who cover up the tar sands issue or anything... naw.. they are sqeaky clean and we should all throw our undying support support behind them.. blindly.. like idiotic Leaf fans.. I'd rather be forced to listen to Dean Blundell.. maybe what we "deserve" is Stephen Harper.

Are you friends with him on FaceBook too?

Good times


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