Yeah I said it. And I said it OUTSIDE the House of Commons.
Following is a video which shows you what I mean. Below the video is supporting documentation links. Click the video ONCE to view.
If the video does not play you can see it by clicking here.
The 2005 Fiscal Update can be seen by clicking here. See page 67.
The 2005 Budget can be seen by clicking here. See pages 33 and 289.
The 2004 Budget can be seen by clicking here. See page 52.
So there you have it. Ralph Goodale DID in fact use the terms “net debt” in the 2004 budget, the 2005 budget and the 2005 fiscal update.
Care to explain Ralph? How about an apology to the current Minister for calling him a liar?
What bothers me most about this was just the other day I was saying that Ralph Goodale was one of the Liberal MPs I respected the most because of his character. Today, I lost alot of that respect.
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Remind us again what the CPC said about Income Trusts…
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Gee, that reminds me, anyone heard anything on the RCMP Investigation into Limberal Ralph Goodale and the Income Trust leaks to Liberal friends??
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Gee, that reminds me, anyone heard anything on the RCMP Investigation into Ralph Goodale and the Income Trust leaks to Liberal friends??
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oops, excuse the stutter
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alex (#1) sure. On October 31st they said that they could not allow a tax loophole as big as the Income Trust one to stay open so they closed it.
But on the Income Trust subject, wilson61 brings up a good point. I am still wondering when the RCMP will make an announcement on the alleged leak that took place a year ago.
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Pretty damning video of poor Ralph. Too bad, I did like him. I guess that even he can sink to the ultimate low of the desperate, lying politico.
And not simply mislead, but as much of a lie as you can get.
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Lying is a Liberal tradition, they’re not going to give it up simply because they’re in opposition.
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Nicely done!
Syncro
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If you’ve only lost respect for him now, you haven’t been watching him closely enough.
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Great stuff on Mr.Badale…I too had some respect for him and he did get the vote for the ‘best politician of 2005 (?)’ But this revelation takes the cake and sinks Ralphie into the Liberal mudhole…moreover, he has gone from bad to worse..just today coming out in support of Liberal leadership candidate Bob(can-I-ever-screw-you-as-a-Liberal) Rae!
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alex asked what the CPC said about income trusts, so let’s recall that what they said was that income trusts in existence today, which includes those in existence during the election, would continue to benefit from the earlier tax regime for several years to come.
Yes, one could interpret the campaign promise as referring to all income trusts for all time, or as referring to the then-current income trusts. But Minister Flaherty refuses to play such semantic games and accepts responsibility for having had to change the future tax situation for income trusts in Canada, to maintain some sense of fairness to all Canadian taxpayers.
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The pages that say total government Net Liability, is is the same net debt as what’s being used by Flaherty? The words may be the same, but are they Counting the same liabilities? Perhaps that’s where there’s the disagreement?
Could you explain further how we know the liabilities counted are identical?
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Saskboy (#12) – The OECD denotes how net debt should be calculated. If you are aware that the two men (Goodale and Flaherty) used different formulas, then please point that out. As far as I (or anyone else knows) the calculation is determined by the definitions at the OECD website.
Click here to see the pdf file explaining how net debt is determined.
The key part in all this is that Ralph calls it a shimsham to lump the federal government in with the provinces etc to calculate this. But he is wrong. i.e. if he did NOT incorporate the numbers from the provinces then he didn’t do his job right because, and I quote, “In the calculation of general government gross and net financial liabilities it is necessary to properly consolidate holdings of financial assets and liabilities within the general government sector. Consolidation refers to the reciprocal elimination of assets and liabilities that are held within the sector. For example, liabilities of the central government that are held as assets by state and local governments should be consolidated as they are not in fact liabilities or assets of the sector as a whole. Consolidation reveals the financial position of the general government sector versus other sectors of the economy.
When the OECD looks at nations they expect them to leave the debts between provinces and the feds off the books for the purposes of equating governments and determining just what our national net debt is. i.e. money the feds owe Ontario doesn’t count as it does not give an indication of our national level of prosperity.