Roundup: Budget Day, 2024

It was Budget Day, and as per usual with this government, any fiscal room that opened up, they spent and kept their deficit figures about the same. (Full document here). There were some minor tax increases on the top 0.1 percent and corporations, but apparently not as bad as some of the business lobby feared, though the way some of them went to bat for trickle-down economics this week was…something.

The overall theme has been about “generational fairness,” which they want to push as the Liberals desperately need to reclaim Millennial and Gen Z voters who are currently flocking to Poilievre, not because he has any policy solutions, but because they like his angry vibe (because that’s helpful, guys). And while that may be the theme, nothing I’ve heard suggests meaningful changes to address that generational fairness other than tinkering around the margins, but that seems to be par for the course, especially for this government.

Measures in the budget include:

  • The proposals to “unlock” public lands for housing development
  • The Canada Disability Benefit is in there, but it’s a very low level and there aren’t agreements with the provinces about not clawing it back
  • The commitment to investing in AI and data capacity.
  • More money for Indigenous housing and infrastructure, but never enough for the size and scope of what is needed.
  • Long-awaited details on carbon rebates for small business, but not Indigenous groups who were also promised them.
  • A $5 billion Indigenous loan guarantee programme.
  • Former Bank of Canada governor Stephen Poloz is being named to a task force on determining how pension funds can be used to invest more in Canada.
  • Directions for the Financial Consumer Agency of Canada to oversee open banking.
  • There is money for athletes, but not enough for what is needed by Olympians.
  • Higher taxes on tobacco and vaping products to help offset pharmacare costs.
  • Here are ten quick highlights, some of the “winners and losers,” some key numbers and even more highlights.

Meanwhile, some helpful threads about different aspects of the budget:

https://twitter.com/MikePMoffatt/status/1780326465420038220

And here are a few examples of Lindsay Tedds throwing some serious shade at people who don’t understand the capital gains changes. Ouch!

https://twitter.com/LindsayTedds/status/1780435405021835447

https://twitter.com/LindsayTedds/status/1780435859806069167

https://twitter.com/LindsayTedds/status/1780436934340575689

Ukraine Dispatch:

We learned that the destruction of the Trypilska thermal power plant last week was because of a lack of air defence missiles—they intercepted seven missiles, but there weren’t enough for the remaining four inbound missiles, and the plant was destroyed. (Thanks, America!) President Volodymyr Zelenskyy has signed the mobilisation bill into law, and it should take effect within a month. Here’s a look at the coming battle around Chasiv Yar.

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Roundup: A game of chicken over a public inquiry

A game of chicken is shaping up around the demands for a public inquiry into allegations of foreign interference, that started with Dominic LeBlanc throwing it into the opposition’s lap to come up with a name they could agree to that could head it, along with terms of reference, knowing full well that it is going to be incredibly difficult to do, particularly because they all have competing goals, and some their demands are literally impossible, such as having an incredibly wide-ranging inquiry that could somehow complete its work in but a few months. Not going to happen.

Pierre Poilievre has decided to try and turn the tables and says that he wants the government to commit to said inquiry before he starts sharing names, which risks letting the government sit back and say that they already stated their terms. Committing to a public inquiry is one thing, but drawing up the Order in Council for it is quite another, and that requires having the commissioner(s) and terms of reference already decided.

This being said, the deadline of having this declared before Friday is wholly artificial. The government doesn’t need to table this in the House, and they can draw up the Order in Council at any time. If the aim is for the House of Commons to vote on the proposal, that’s a bad idea because then it launders the accountability for what happens, and lets the government off the hook if things go sideways, and MPs should know this because it’s fundamental to their very jobs, but they have become completely blinkered in this. At this point, I’m not expecting an announcement before Friday, and for this to drag on for several more weeks because there won’t be any agreement on names or the scope of the inquiry. That said, I do fully expect that we’ll have a summer full of “emergency” committee meetings on this and other topics, so I doubt the story will go away—just the daily demands in Question Period.

Ukraine Dispatch:

Russians fired another 35 Iranian-made drones into Ukraine, with some 32 being shot down, but a “critically important facility” in Lviv was struck, with no further clues as to what it was. There are also competing narratives at play—president Volodymyr Zelenskyy says that they are destroying Russian forces in both the east and south, while the Russians claim that they are repelling the offences. Here is a look at some of the Canadian soldiers training Ukrainian troops at Camp Sapper in Poland.

https://twitter.com/ukraine_world/status/1671118296374976513

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Roundup: The choices around Basic Income

Because I saw some news stories floating around this week yet again around Basic Income and the desire for the federal government to implement it, I wanted to point out that economist Lindsay Tedds has co-authored a book which was released yesterday on how to move beyond that discussion into better alternatives, drawing on her experience from the BC Basic Income panel that she was a part of.

To that end, here is Kevin Milligan providing some back-up on why this conversation involves choices that nobody likes to ever talk about. Funny that.

And yes, most Basic Income models keep gutting the supports for those who need them the most, and that is a problem.

https://twitter.com/MikePMoffatt/status/1651260056866811904

Ukraine Dispatch:

Russian forces pounded Bakhmut yet again, trying to destroy buildings so that the Ukrainians can’t use them as fortifications. Elsewhere, Ukraine was able to retrieve 44 POWs from Russian company, two of whom were civilians. President Volodymyr Zelenskyy had an hour-long call with Chinese president Xi Jinping, which included talk of what role China could play in the peace process with Russia.

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Roundup: Empathy for the deeply selfish?

Update: Sorry for the delay. I had issues with the website but everything should be running smoothly now.

In spite of the Emergencies Act public inquiry report being released on Friday, there seem to be some awfully short memories as to what was happening at the time—or a bunch of people are acting disingenuously or in bad faith. Take, for example, Pierre Poilievre, who took to claiming that the assembled mass of far-right extremists, conspiracy theorists, grifters and grievance tourists were concerned about their costs of living and not being able to live. Which is funny, because inflation hadn’t spiked then, and interest rates were still at rock bottom. He is taking his current talking points and casting them back in time to a situation that didn’t exist, and has consigned the talking points of the era (“Freedom!”) to the memory hole. Funny that.

And then there’s the Globe and Mail, whose editorial board decided that what the occupiers need is empathy. After all, they had hurt feelings, and this narrative of the prime minister’s “divisive” comments keep circulating, even though he was telling the truth. The fact that certain people kept telling on themselves by openly identify as racists and misogynists to somehow “own Trudeau” was quite something.

Oh, and the Globe and Mail’s editorial board, comfortable in their downtown Toronto offices, should take a look at their own life choices as they demand empathy for a group of deeply selfish people who refused to take public health measures for the good of everyone around them, and who traded in conspiracy theories instead of behaving like grown-ups, and who held a city hostage in an extended three-week temper tantrum, instead of empathy for the citizens of Ottawa as their city police and provincial government abandoned them.

Ukraine Dispatch, Day 363:

US president Joe Biden made a “surprise” visit to Kyiv yesterday, and stayed for some five hours, meeting with president Volodymyr Zelenzkyy and pledging more support for the country. (Here’s a look at how that trip came together). Ukrainian troops training on Leopard 2 tanks compare them to a Mercedes. Ukrainian forces say they are inflicting “extraordinarily significant” losses on Russian forces in the Donbas as Russia continues to move toward Bakhmut. Meanwhile, midwives in Ukraine are looking to Canada for training on how to better deliver babies outside of hospitals (as they are not licensed for home deliveries).

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