The thing I think most important to look for is how they base their projections, which in turn are the function for the formula that allows them to arrive at a balanced budget ‘projection’.

We need to remmeber this is a government that added more debt than any other in Canadian History. Over $50 billion in deficit one year and over $150 Billion in new debt since they took power… so a balanced budget legislation by them in their final year in power is rich… timed right before an election seems like political opportunism AKA a fudget budget (ironically a term coined by Stephen Harper when at the NCC, so he knows a thing or two about ‘fudget budgets’).

We all know oil is now down near $50 a barrel and if Iran has its sanctions lifted as per the indication by the P5, then oil will easily be in the $20 range. I predict Joe Oliver is going to use a $100 a barrel of oil basis in predicting government revenue for this budget as a way to make the numbers work for a balanced budget. Once elected again they will blame the deficit on the unpredictable drop in the price of oil from their projected levels.

Meanwhile the whole international currency markets could crash this year and this budget will not take any of that into account.

China is standing up to the Bolshivic Kazarian central banking cartel run by the US Fed and the ‘City’ in London, as China is forming their own international banking system. China undermined the Russian sanctions and is expanding its military control of the South China Sea through appropriation of atolls for man made islands that will serve as unsinkable air craft carriers. Now the automakers are talking of pulling out of China as well… complicated but the Chinese undercut them by making it legal to import foreign made cars at a 50% discount to what the foreign automakers were selling the Chinese made versions for in China… growth rates went from 20% a year to now in the negative, and that is not sustainable.

The result is that Chinese government claims they had only 1.5% GDP growth last quarter, down form the mid teens most of the last 20-years… other independent analysts claim China actually had negative 2.5% GDP in the first quarter this year (worse performance then even Russia under sanctions).

So BC benefited greatly from the lower oil price, and that hurt Alberta for a wash… but a stalled China will hurt everyone especially BC that has come to rely on a insane growth rate in China. Considering the financial ponzi situation in western markets a stalled China could be all we needed to push us into the abyss… which the next few months could play out.

Look for what Joe Oliver uses to base his projections on $100 oil, $50 oil, or $20 oil… maybe any mention of international trade projections like the collapsing China, or war in Europe, or a loss of Saudi oil production, or new Iranian oil on the markets… ect ect. If its all rose colored glasses than its likely a classic fudget budget as explained by Stephen Harper in past years….

From my point of veiw the income splitting helps the wife and I but its lousy for canada revenue . The doubling of the TFSA is great for us as well . It means the end of capital gains tax for us except for foreign stocks held , ie U.S. stocks , UK stocks . But is it ever bad for the Canadian public . Buzz word for those that are in the game ,” contribution in kind ” . If you don’t know what contribution in kind means and you vote neocon , I feel sorry for you . I would never vote con even though they are pandering to me because I love my kids , grandkids ,great grandkids and country .

Too funny ! Where are all the pg harperettes ? Shouldn’t you be trumpeting his accolades . Look at the money you are going to keep . You and your spouse will be able to put 22 k out of the reach of cra . You’ll likely never pay cap gains again .

Well again I took harper at his word . The TFSA didn’t double its only 10k each for us . Darn .

The rich taking care of the rich!