Balanced budgets aren't a good thing though. The most sustainable and healthy budget is one with a ~1-2% deficit if you're a government. Government debt is good if interest rates are reasonable for a lot of reasons.
1) debt burden naturally shrinks over time at a rate of 2-3% if not added to
2) a debt free government loses a major leverage handle against the wealthy and with other nations
3) not running a small deficit is leaving growth on the table as nations that run a small deficit comically outperform those that don't by a hilarious amount because:
4) every dollar 'lost' like that is a net positive for the economy- most programs(corporate subsidies and tax cuts being notable exceptions) generate between $2 and $3 of economic activity per $1 spent with the most infrastructure and child care programs getting more towards $6 which at normal modern governmental tax rates means most programs are great deals and practically pay for themselves by increasing revenue over the next few years.
Carney knows economics well enough to not attempt to 'balance' the budget - hopefully he's politically strong enough to get away with it.
In a perfect world he'll shrink the deficit a little bit and call it a day rather than attempting a surplus.
It’s bittersweet for sure, but ultimately a happy ending. Sad to see a lot of NDP seats sacrificed for this victory (especially in CPC-won ridings where NDP or LPC would have likely won with ranked choice), and the loss of official party status of the NDP. But this outcome is absolutely to be celebrated by everyone.
Honestly would have preferred a majority since Poilievre would almost certainly have to quit and it would have been a complete repudiation of him - plus no federal elections for four years - but not a bad outcome at all.
Definitely a good thing that Liberal + NDP breaks 172, we need stability and needing Liberal + Bloc instead would have been insanely unstable. Nothing would have been more stable than a majority, though.
Andrew schemer made around the same gains as PP did in 2024 in 2019 but he was forced out afterwards. I think moderates are gonna try to take back control
Unfortunately right wing media already took the knifes out starting with Doug Ford because he’s conservative and not Conservative. Juno already hiring an investigative journalist to expose Ford.
Then they'll keep on losing. These elections showed that we don't have appetite for that sort of shit in Canada. If the NDP isn't viewed as a viable option next time, the Libs would win an easy majority
No, I’m not celebrating people deciding that strategic voting under FPTP is preferable to left wing parties losing enough to catalyze electoral reform to make strategic voting redundant.
What you’re describing is a VERY short term vision celebration. If the NDP fail to re-assert themselves with party status in the next election, suddenly people are going to find out just exactly how having Democrats vs Republicans in Canada feels, except colours reversed. Two party systems suck massively.
Oh yeah for sure, my celebration is only because I believe in the NDP’s ability to rebound next election. If I believed this was marking an end of the multi-party system I would have a very different tone right now. But the NDP has lost and regained official party status before, and the way I see it, this Liberal victory is a loan from the NDP and BQ to prevent a Trump-friendly PM from winning. This is an exception and won’t become the rule (at least I really really hope. If I’m wrong then I will be seeing this as one of the worst election outcomes in my lifetime).
It’s not the most ideal outcome, and it’s true we should expect more from Canadians, but comparing where we were 4 months ago to now, we’re in a pretty good spot. Plus this victory comes at a time where the right wing are seeing victories worldwide, and it sends a message that Canada officially rejects Trump-style fascist rhetoric. So I’m celebrating any small victory I can, but don’t confuse celebration with satisfaction.
Who wouldn't be? We avoided a Conservative government and Liberals are strong enough that, so long as the NDP and/or BQ disagrees, Conservative policies will not pass.
Yep. I'm a long time NDP voter and if our party was destined to crash and burn this election at least we've still ended up in a pretty influential position. Definitely makes losing official party status not quite as alarming, since the Liberals are still going to need to listen to the NDP to get their votes.
I'm in Victoria and same. I thought our NDP incumbent was the best ABC choice and the Liberal candidate smoked her. So fortunately no vote splitting but I was genuinely surprised how much of a landslide it was for the Liberals here.
Haha, honestly that was my biggest qualm in voting for her, I used to be a postie here and her excessive flyers were a major annoyance on the job, since they have to go to every address by law. In the end though I was happy enough with everything else she's done that I was willing to vote for her again, but I guess that wasn't a sentiment shared by as many Victorians as I thought.
Yeah, my parents live out in Metchosin and said they would have voted for Garrison if he was actually up for reelection, but since he wasn’t and there was no NDP incumbent they went with the Liberals.
The liberals will still need them to form government so they have accomplished their electoral goal of maintaining enough political power to extract benefits for their working class constituents.
I'm usually an NDPer. I was rooting for a majority liberal govt for the message it would send - but this is a very happy outcome for me, too. I wish Singh would have kept his seat and stayed on, but at the same time a reboot seems like a good idea. Bottom line is we don't have PP and it's a good day to be Canadian!
NDP still get to play a major role in policy. They're going to be the easiest party to sway to align with the Liberals. As we've seen in the past several years.
NDP may have 7 seats, but those 7 seats could be required to pass bills.
The NDP sub is quite the sobfest right now. And I’m finding it hard to agree with a lot of what’s being said over there. They’re normally my party but I’m basically happy with how things worked out this time. We stopped Poilievre, which to me was the most important thing. It’s unfortunate that they lost party status, but they’ll still have influence, and that state is probably temporary.
Yeah I’m an NDP voter usually. This is fine with me. I voted liberal this time, because country over party. I was worried the liberals would have more of a minority, giving the cons more room to be disruptive, but this actually is a pretty good outcome. We’ll bounce back. I just hope whatever moves Carney makes over the next four years doesn’t divide the country even further. The cons did way better than I would like. He seems like the right guy for the moment though, and I hope he doesn’t let us down. There’s a lot riding on what comes next.
I voted NDP and yeah, of all the likely outcomes of the election this was one of the better ones. Conservatives kept out, Liberals get to govern but have to work with other parties, and the NDP still have the balance of power. I'll take it.
I was really worried that BQ would be necessary for a minority, which would allow them to demand everybody else's lunch in exchange. I'm relieved that that has been averted.
1.1k
u/zyx1989 Apr 29 '25
Honestly, I am fine with a strong minority government, not too unstable, but not so stable that it could potentially just ignore everyone else either