Latest / Radio Baloney - The Richie Baloney Show! / Mark Carney's Liberal Finance Fiasco

Transcript

Mark Carney's Liberal Finance Fiasco · Radio Baloney - The Richie Baloney Show!

• 0:03
  Speaker 1: From Juno News. A senior economist at the Bank of
• 0:06
  Speaker 1: Montreal has joined the growing course of frustration with Prime
• 0:10
  Speaker 1: Minister Mark Kearney's lack of transparency with public finances and
• 0:14
  Speaker 1: his government's failure to table an annual budget despite increasing
• 0:19
  Speaker 1: public spending. It's another case. I mean, he must just
• 0:23
  Speaker 1: feel like he can get away with anything. So on
• 0:27
  Speaker 1: one hand, we were sold hes just glittering credentials, right,
• 0:31
  Speaker 1: this economic genius, this Oxford, Oxford economist, but he can't
• 0:37
  Speaker 1: put together a budget in quick time because it's summer vacation.
• 0:42
  Speaker 1: Why would you think, like in a normal country, why
• 0:45
  Speaker 1: would any politician think they could get away with that.
• 0:49
  Speaker 1: You run on your credentials, but then you don't follow through.
• 0:53
  Speaker 1: Why would you think you can get away with that?
• 0:55
  Speaker 1: Is that I have a hard time believing this would
• 0:57
  Speaker 1: be normal in any other country. I think it's just again,
• 1:01
  Speaker 1: I think it's simply a matter of Mark Kearney watched
• 1:04
  Speaker 1: the debacle that was the Liberal Party over the last
• 1:07
  Speaker 1: ten years. Just scandal leftter scandal, just ranking competence, lies,
• 1:12
  Speaker 1: and they just never really had to answer for any
• 1:15
  Speaker 1: of it right until the end, and all they had
• 1:18
  Speaker 1: to do was just put a new face on the party,
• 1:20
  Speaker 1: Mark Kearney, and that was good enough. The media was
• 1:23
  Speaker 1: going to be there for them to help cover up.
• 1:26
  Speaker 1: And he knew that the media would be there for
• 1:28
  Speaker 1: him to sweep all the uncomfortableness under the rug right
• 1:32
  Speaker 1: the report on it, but then all of a sudden,
• 1:35
  Speaker 1: they'll very quickly forget about it. They'll move on to
• 1:38
  Speaker 1: the next thing. That's the pattern in Canada for ten years,
• 1:42
  Speaker 1: and now it's just normalized, as if that's just normal politics. Now,
• 1:46
  Speaker 1: if you're a liberal in Canada, you can get away
• 1:50
  Speaker 1: with anything. You just got to wait a couple of days.
• 1:52
  Speaker 1: The new cycle, you know, the CBC, Global, CTV, they'll
• 1:56
  Speaker 1: just very helpfully move along the new cycle, and all
• 2:00
  Speaker 1: of a sudden, ever, think's forgotten and everything's fine again.
• 2:03
  Speaker 1: They'll say, Mark Conney, we can't stay mad at you.
• 2:06
  Speaker 1: So here is from Tokyo, Rosie. Here's Carleton. Residents flocked
• 2:11
  Speaker 1: to Bruce van Joy because he said that peer Polyev
• 2:14
  Speaker 1: was like the Orange Man, the evil Orange Man, and
• 2:17
  Speaker 1: would cut public service jobs. So peer Polyev actually said
• 2:22
  Speaker 1: that he wasn't going to lay people off, he was
• 2:24
  Speaker 1: going to do it through attrition. So I believe it
• 2:28
  Speaker 1: was that for every three people who retired or left
• 2:30
  Speaker 1: their job, they'd only replaced two of those people. That's
• 2:33
  Speaker 1: how we would shrink the public service. Right, wasn't going
• 2:36
  Speaker 1: to actually fire people, So Carleton was peer Polyev's writing,
• 2:42
  Speaker 1: which he lost to this guy, and this guy was
• 2:46
  Speaker 1: trying to scare them that peer Polyev was going to
• 2:49
  Speaker 1: fire them all. Because it's Ottawa and it's a lot
• 2:52
  Speaker 1: of public public sector workers. There a lot of people
• 2:56
  Speaker 1: who work, it's a lot of people who work for
• 2:58
  Speaker 1: the government. But now Mark Kearney is calling for fifteen
• 3:02
  Speaker 1: percent cuts to the public service. He did not campaign
• 3:06
  Speaker 1: on that.
• 3:07
  Speaker 2: Let's say, look, we need all hands on deck to
• 3:10
  Speaker 2: defend our country from Trump's trade war, and that includes
• 3:14
  Speaker 2: Canada's public servants. Canada has some of the best in
• 3:17
  Speaker 2: the world. Many of you live in Carlton, You're well educated,
• 3:22
  Speaker 2: you work hard, and now more than ever, your country
• 3:25
  Speaker 2: needs to. But Pierre, much like Donald Trump, shows utter
• 3:29
  Speaker 2: disdain for public servants. He's promising Trump style cuts to
• 3:33
  Speaker 2: the public sector, which would lead to one hundred thousand jobs.
• 3:38
  Speaker 1: Just a lie, Just a lie, a straight up lie.
• 3:43
  Speaker 1: It was through attrition, people retiring and then you wouldn't
• 3:46
  Speaker 1: replace all of those jobs lost.
• 3:50
  Speaker 2: These cuts will put Carlton residents, his own constituents out
• 3:54
  Speaker 2: of work at a time when we need them most.
• 3:57
  Speaker 2: We can win this election and stop while from gutting
• 4:01
  Speaker 2: the public service.
• 4:02
  Speaker 1: Well, guess what, Carlton residents, you took the bait, you bit,
• 4:07
  Speaker 1: and guess what now you're screwed. A bunch of you
• 4:10
  Speaker 1: are going to lose your jobs because you voted for
• 4:13
  Speaker 1: this guy who lied to you, who lied to you,
• 4:16
  Speaker 1: And you know what, you knew he was a liberal
• 4:19
  Speaker 1: all along. You never should have trusted him. You never
• 4:22
  Speaker 1: should have listened to him. You win the prize. Play
• 4:26
  Speaker 1: stupid games, win stupid prizes. Irony level reached delicious. Look,
• 4:32
  Speaker 1: they voted for this, They voted for this, They voted
• 4:37
  Speaker 1: for this guy. They voted for Mark Karney. What more
• 4:40
  Speaker 1: can you say? Careful what you wish for? New PSAC
• 4:45
  Speaker 1: Federal Government Union. Nearly two thousand PSAC members have been
• 4:49
  Speaker 1: given notice their jobs are at risk through workforce adjustment.
• 4:54
  Speaker 1: This is before the new Mark Carney cuts come. In September.
• 4:59
  Speaker 1: Public Service a of Canada PSAC raises alarm as Carney
• 5:03
  Speaker 1: government announces sweeping public service cuts. Let's see, let's touch
• 5:08
  Speaker 1: on this quickly too. From Ryan Garrettson from the National Post,
• 5:13
  Speaker 1: Michael Higgins mark Carney's ethical guardrails more of a smoke screen.
• 5:17
  Speaker 1: More of a smoke screen. The Prime Minister's holdings are
• 5:20
  Speaker 1: so vast that it will be near impossible for him
• 5:22
  Speaker 1: to avoid a conflict of interest. Now, the comments up
• 5:26
  Speaker 1: here is that the unfortunate reality is that the elbows
• 5:28
  Speaker 1: up Canadians couldn't care less about this. If anything, they
• 5:32
  Speaker 1: are probably even in denial about it. I think that
• 5:35
  Speaker 1: they probably have rationalized it in their head to be
• 5:38
  Speaker 1: a good thing at this point. I don't know how,
• 5:40
  Speaker 1: but I'm just assuming. So there are a lot of
• 5:43
  Speaker 1: Canadians that will just never admit they're wrong. They are
• 5:45
  Speaker 1: like a voter, a loyal Democrat voter in San Francisco.
• 5:51
  Speaker 1: It can never get bad enough. Yes, even with cuts,
• 5:54
  Speaker 1: Carney's spending is still off the chart. So these cuts
• 6:00
  Speaker 1: that he's going to balance the operational budget with, this
• 6:06
  Speaker 1: is just going to go to feed the investment. And
• 6:08
  Speaker 1: in fact, this is what he's saying, So he has split.
• 6:11
  Speaker 1: He's done this ridiculously childish little trick of splitting the
• 6:15
  Speaker 1: budget so he says the budget isn't the budget anymore.
• 6:18
  Speaker 1: Actually it's the operational budget that keeps the government running
• 6:23
  Speaker 1: and then investment, so he doesn't call it spending, he
• 6:26
  Speaker 1: calls it investment. Now what it actually is is just
• 6:29
  Speaker 1: going to be money subsidies poured into green boondoggles that
• 6:36
  Speaker 1: he's connected with. So the cuts to the operating budget.
• 6:41
  Speaker 1: So these jobs, right, these people who voted for Carnie
• 6:44
  Speaker 1: are now going to lose their jobs. That money isn't
• 6:46
  Speaker 1: going to go to balance the budget. We already know
• 6:48
  Speaker 1: that the budget is going to be much higher, sorry,
• 6:51
  Speaker 1: that the deficit is going to be much higher than
• 6:53
  Speaker 1: it was going to be under Trudeau, even which is incredible.
• 6:57
  Speaker 1: Now that money is going to go to Carnei's friends.
• 7:01
  Speaker 1: I've been saying the entire time. I've been saying since
• 7:04
  Speaker 1: the very beginning of the election. Mark Carney is here
• 7:07
  Speaker 1: to extract every bit of wealth out of the country
• 7:10
  Speaker 1: and max out the credit cards. That's what's happening. That's
• 7:14
  Speaker 1: what these that's what they're losing their jobs for. That's
• 7:18
  Speaker 1: what these people. Not for the benefit of Canada, not
• 7:20
  Speaker 1: to balance the budget, not to get Canada into better
• 7:22
  Speaker 1: financial shape. No, no, no, we're going to be in
• 7:25
  Speaker 1: worse shape. The credit cards are going to be maxed out,
• 7:27
  Speaker 1: and every bit of wealth is going to be extracted
• 7:30
  Speaker 1: from this country. That's what they lost their jobs for.
• 7:33
  Speaker 1: Careful what you wish for, people, Careful what you wish for?
• 7:37
  Speaker 1: First reading. Even with cuts, Carney's spending is still off
• 7:40
  Speaker 1: the charts. Spending has become so profligate. Even fifteen percent
• 7:45
  Speaker 1: cuts won't make much of a dent. I highlighted some
• 7:48
  Speaker 1: parts of this good They're still there. A series of
• 7:51
  Speaker 1: leaked letters sent out by the Prime Minister's office indicate
• 7:54
  Speaker 1: that Prime Minister Mark Carney is seeking to slash government
• 7:58
  Speaker 1: spending by fifteen percent over the next three years. If
• 8:02
  Speaker 1: the targets are met, this could work out to about
• 8:05
  Speaker 1: twenty five billion in savings per year. But again, this
• 8:09
  Speaker 1: is only the operational budget, the part of the budget
• 8:13
  Speaker 1: that he just split off and is now pretending is
• 8:16
  Speaker 1: the entire budget, while he ignores the mass of spending
• 8:21
  Speaker 1: that he calls investment. The Canadian Center for Policy Alternatives
• 8:25
  Speaker 1: for One, said that these would represent the worst cuts
• 8:28
  Speaker 1: to the public service in modern history and would rival
• 8:32
  Speaker 1: the aggressive reductions to government spending that Canada undertook undertook
• 8:37
  Speaker 1: in the nineteen nineties. Yes, under Johan Kretschian, a large
• 8:41
  Speaker 1: percentage of the public sector was laid off, was removed,
• 8:46
  Speaker 1: But the point of that was to balance the budget.
• 8:50
  Speaker 1: They didn't increase massive subsidies to their friends. That's not
• 8:55
  Speaker 1: where the money went. It went to actually balancing the budget.
• 8:58
  Speaker 1: So it made sense. But the spending of the Trudeau
• 9:01
  Speaker 1: era was so profligate and so unprecedented that even after
• 9:05
  Speaker 1: these supposedly draconian cuts, the government of Canada would still
• 9:09
  Speaker 1: be spending money at record highs. That's not even touching
• 9:13
  Speaker 1: on the so called investment part, which is still money
• 9:16
  Speaker 1: that's going to have to be borrowed. Government expenditures would
• 9:21
  Speaker 1: still be a fifth higher than the pre koof era,
• 9:24
  Speaker 1: and twenty five percent higher than before the Liberals were
• 9:28
  Speaker 1: first elected. In the last full year before the COVID
• 9:31
  Speaker 1: nineteen pandemic, federal program spending was three hundred and thirty
• 9:36
  Speaker 1: eight point five billion. In the most recent fiscal year
• 9:39
  Speaker 1: it was eight four hundred and eighty five point seven billion.
• 9:43
  Speaker 1: This is what happens when you have a compliant media
• 9:46
  Speaker 1: that's clearly on a team, right, that just keeps saying, well,
• 9:50
  Speaker 1: everything's okay, everything's okay, and just downplays and sweeps things
• 9:55
  Speaker 1: under the rug. This is what happens. People don't even
• 9:58
  Speaker 1: know what's happening in their own country, is the problem.
• 10:01
  Speaker 1: If you slash fifteen percent from four hundred and eighty
• 10:04
  Speaker 1: five point seven billion, you're still looking at federal program
• 10:07
  Speaker 1: spending a four hundred and twelve point nine billion. Thus,
• 10:10
  Speaker 1: even if the Carney government met all their austerity targets,
• 10:15
  Speaker 1: they'd still be overseeing a federal government that is twenty
• 10:19
  Speaker 1: two percent more expensive than it was just six years ago. Yeah,
• 10:24
  Speaker 1: Mark Kearney, the financial genius is not saving anybody. And
• 10:28
  Speaker 1: that's if they just cut fifteen percent off the status quo.
• 10:32
  Speaker 1: It doesn't factor in the massive spending proposals being proposed
• 10:36
  Speaker 1: by Carne just in the last few months, all of
• 10:39
  Speaker 1: which are hard to tally up because his government hasn't
• 10:44
  Speaker 1: prepared a budget. That's right, the genius economist hasn't even
• 10:50
  Speaker 1: prepared a budget. You get what you deserves. We still
• 10:55
  Speaker 1: have FUS, we still have fifty thousand extra civil servants.
• 11:00
  Speaker 1: That's because Trudeau grew That's because Trudeau grew the public
• 11:04
  Speaker 1: sector by forty percent. It is I'm forty percent all
• 11:07
  Speaker 1: of that just simply buying votes. As of the most
• 11:11
  Speaker 1: recent count, there were three hundred and fifty seven thousand
• 11:14
  Speaker 1: people working for the federal public service. When the Liberals
• 11:18
  Speaker 1: took power in twenty fifteen, that number stood at two
• 11:20
  Speaker 1: hundred and fifty seven thousand. In just ten years, the
• 11:23
  Speaker 1: number of federal bureaucrats has swelled by almost forty percent.
• 11:28
  Speaker 1: But the I think the real point in all of
• 11:30
  Speaker 1: this that I'm making my prediction and I'm certain that
• 11:35
  Speaker 1: I'm correct, is that these cuts, these cuts, these people
• 11:40
  Speaker 1: getting a big surprise as a reward for their vote
• 11:45
  Speaker 1: for Carnie, for elbows Up. All that money is just
• 11:49
  Speaker 1: going to be extracted by Karnie. It's not going to
• 11:51
  Speaker 1: balance the budget. We know that he's got no intention
• 11:54
  Speaker 1: of trying to balance the budget, right. We know there's
• 11:57
  Speaker 1: going to be a doubling of the of the deficit
• 12:00
  Speaker 1: this year. That money is going to go to Carnie's
• 12:05
  Speaker 1: net zero boondoggles and companies associated with Brookfield at himself
• 12:10
  Speaker 1: blind trust or not, He's not actually blind, and he
• 12:13
  Speaker 1: can remember what he's invested in. He knows what's in
• 12:16
  Speaker 1: is Brookfield ESG Fund. Anyway, that's all I'm going to
• 12:21
  Speaker 1: say about that. Please like, share, and subscribe. Subscribing really
• 12:24
  Speaker 1: helps me out. I thank you for that. I will
• 12:27
  Speaker 1: see you next time.