The Coming Crisis in Canada with “No” Federal Leadership
- The Federal Deficit will be more than $381 Billion on top of a Debt of $1.1 Trillion.
- GDP shrunk in 2020 by 5.4% and grew less than 1% in so-called prosperous years.
- Negative Growth does not address a Deficit or Debt, nor does it look to improve in the near future, particularly with the issues at hand.
- Carbon Tax, and a Clean Fuel Standard, reduces our Growth. Already Gas has gone up 25% and Home Heating and Industrial costs will rise with each additional cost. The cost to fill up your pickup truck will be an additional $45.00! The cost to heat your home will be approximately $885.00 per year! This makes us even less competitive. The current Carbon Tax takes $6,500,000,000 out of the economy each year.
When the Carbon Tax reaches 170/tonne by 2030, the Fraser Institute indicates we will have lost over 200,000 jobs and massive $44 Billion decline in GDP.
- Wynne and Trudeau subsidized Green Energy in Ontario to the tune of $6.5 Billion Annually, and instead of adding jobs, lost 30,000 manufacturing jobs. The cost of Energy went from 6-8cents/kwh to 12-14 cents/Kwh, making us less competitive. Ontario Debt is $398 Billion, thanks to McGinty, Wynne and Ford.
- Wind and Solar Do Not Produce Reliable Electricity, and on a life cycle basis does not reduce carbon emissions.
- While we are raising our costs by adding Wind and Solar, China has Cheap Electricity from Coal-Fired Power Plants with an operating capacity of about 992,000MW with 99,000MW under construction and more planned.
- The Sun has a Diameter of 109 Times that of Earth, and if there is any Real Damage to be Done, to our Climate, the Sun can do it, and it will have little to do with man-kind!
- The Liberal Government created legislation declaring a “Climate Emergency” to eliminate the use of Single Use Plastic, used mostly in Food production. The Solution is easy; Allow Incineration, creating Electricity, all similar, to a normal use of Natural Gas.
- Inflation is starting to Come Back with a Vengeance Bloomberg Commodities Spot Index up 67% from 2020’s low-point, this includes, copper, oil, grain, steel, and lumber.
- If Inflation rises, and Interest Rates are used to counter inflation, Interest Costs could sky rocket, even going up 1% will have dramatic effects, but what if it is like the early 1980’s where they reached 19%. With all the Federal, Provincial, and Mortgage Debt this could be devastating.
- Prosperity is not easy to come by, but can be destroyed quickly by irresponsible Governments like Venezuela. Canada is at Great Risk. The Inflation Rate is over 2000% in Venezuela!!!! They have started using Bitcoin as a Stable Monetary System for Transactions.
- Where is Canada headed if the inflation rate gets ahead of us, and needs to be countered with higher interest rates??
- Did you know that Canadian Businesses spend $36 billion per year on Regulation? This needs to be addressed, and reduced to harness initiative and prosperity for the good of the country.
- The Feds have Blocked Alberta Oil from Export Markets, with Bill - C69 which will impose onerous consultative and other burdens, and Bill - C48 which legally enforces a Moratorium on Oil Tankers in Northern B.C. And now Biden has killed Keystone XL.
- SecondStreet.org calculated that Canada’s oil and gas and mining sectors lost about $196 billion in investment between March 2014 and March 2019, in addition to tens of billions in foregone tax revenues and the loss of tens of thousands of jobs across the country. Government have Blocked these industries, which in past have created prosperity for many Canadians, versus the drive for wind and solar and the Great Reset which is unforgivable.
- The Canadian Unemployment Rate is 8.2% not taking into account the many Small Business that will permanently close because of the Covid-19 lockdowns, and the transition of the Retail Economy to Digital.
- The Hypocrisy of Quebec Politicians, taking Equalization Payments from the Western provinces, is Astounding, while not agreeing to an East Coast Pipeline, yet purchasing $17 Billion of imported oil from Saudi Arabia and others. This is not what Quebecers want!
- Did you know Budget Projections show that Federal Spending on Indigenous Programs will increase by 50% between 2016-16 and 2021-22? Well over $3.5 Billion! Indigenous people need to be integrated into Canadian society, we take away their dignity and pride, through these financial handouts, while they sell million of tax-free cigarettes, or obstruct commerce, such as pipelines and railways. All, while not paying taxes. Wait till they get a hold of Marijuana?
- “Global Warming is a United Nations Instrument Developed to Destroy Personal Freedom, Self-Reliance, Entrepreneurialism and Capitalism, Ultimately Intended to Achieve Authoritarian Control of Nations”. Equity of Result, Not Equality of Opportunity!!
- Trudeau has created a “Task Force for a Resilient Recovery” made up of Hand-Picked Individuals that is a Grab-Bag of Professional Liberals, Green Activists, Former Civil Servants, and Self-Described Social Entrepreneurs whose Business Models are all about Getting Grants and Subsidies. Not a Single Business Person was included in the list of Task Force Members. Will this Task Force Create Profits and Prosperity or Drain the Treasury Further?
Do you think Trudeau can deal with any of these issues, when you see how he has dealt with the Covid-19 Vaccines while Spending Billions of Tax Payer Dollars like Drunken Sailors, no offence to sailors, with No Federal Budget for two years, or Parliamentary Approvals?
This is a Dictatorship!!!
Canadians need to be Concerned and Address their local MP’s. We do not want to end up like Venezuela!! The Politicians need to Manage the Issues at Hand in a very Pragmatic Manner.
We need to Move Towards a Balanced Budget Quickly and Away from Further Deficits, and Free our Economy from Regulation, and the Dreaded Carbon Tax!
It is time for all of us to Fight for Canada, if we are to be a United, Prosperous Country. Call your MP today!!
The MP’s Addresses can be found at the bottom of my website www.helpdevelopcanada.ca
Time To Fight For Canada!!!
Blaine Mitton
