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Canada on track for $5.9 billion surplus - still depressed over NHL

post #1 of 23
Thread Starter 
Prime Minister overheard telling President Bush "Nyah-nyah-nyah-nyah-nyah-nyah! You guys are stupid!"

Quote:
OTTAWA - Canada is on track to post a budget surplus of $5.9 billion when the federal government's current fiscal year ends in March, Finance Minister Ralph Goodale said Tuesday.

"Many other countries are still struggling with stubborn deficits and escalating debt – including all of our partners in the G-7 group of nations. All except Canada," Goodale told the House of Commons standing committee on finance.

When Goodale presented his first budget in March, he originally projected a surplus of $4 billion for the current fiscal year.

Canadians expecting some of the surplus to go toward lower taxes will be disappointed, however. Prime Minister Paul Martin said tax cuts won't be coming any time soon despite Ottawa's larger-than-expected multibillion-dollar surplus.

Goodale said that budget figure does not include $3 billion set aside for the government's contingency reserve and additional prudence.

He said the surplus expected this year includes $2.6 billion in net proceeds from the sale of the government's stake in Petro-Canada, lower debt charges due to lower interest rates in 2004, and the release of $1 billion that had been set aside in the 2004 budget for this year.

Looking ahead, Goodale said Ottawa expects future surpluses to be:

$500 million in 2005-06.
$900 million in 2006-07.
$3.2 billion in 2007-08.
$7.5 billion in 2008-09.
$11.5 billion in 2009-10.

The finance minister said private-sector forecasts indicate Canada will see stronger economic growth in both 2004 and 2005.

"On average, they expect growth of three per cent in 2004 – up from the 2.7 per cent predicted at the time of the last budget. For next year, 2005, they are forecasting that growth will reach 3.2 per cent, close to the 3.3 per cent reported in Budget 2004," Goodale said.

However, he cautioned that the rising Canadian dollar, higher oil prices and the U.S. fiscal deficit could put pressure on economic performance.

In mid-October, Goodale said the government posted a $9.1-billion surplus for its most recent fiscal year as a healthier-than-expected economy and higher corporate taxes boosted government revenues.

When Goodale presented his first budget last March, he projected a surplus of just $1.9 billion.
Well, this looks like just another example of socialism not working! Bill O'reilly was right!
post #2 of 23
Now if we can just get that invested back into social services like maybe affordable housing and healthcare.
post #3 of 23
When you can spend virtually nothing on defense, it's significantly easier to generate a surplus, I'd imagine.
post #4 of 23
Quote:
Originally Posted by Optimus Prime
When you can spend virtually nothing on defense, it's significantly easier to generate a surplus, I'd imagine.
It's also easier when you decrease overall spending, use that defense budget judiciously, cut out pork, and force Congress to be disciplined and anti-pork. Too bad the United States doesn't have such a President.
post #5 of 23
High taxes help, as well. Let's not forget that.
post #6 of 23
But they're immediately applicable in the form of healthcare. What are comparatively low taxes getting us here?
post #7 of 23
So in what do you guys think we should spend it on? I would say spend some of it on defence, I dont mean buying more used subs off E-bay, but the only real threat Canada faces is terrorism. Why not invest in more Air port screeners, immigration officals and beef up securtity at our harbours.

Best way to defend against terrorist instead of invading other countries (can't resisit a comment on the folly that is the Iraqi occupation)
post #8 of 23
Health care and education are paramount; beyond that, hopefully we can continue to invest in our infrastructure and our inner cities. Personally, there doesn't seem to be much point in combating terrorism if young people have no schools, no future and are knocking each other off like it's the national pastime. We're not there yet, thankfully.

I think we do need to invest more in defence, but there are other important things.
post #9 of 23
Quote:
Originally Posted by Optimus Prime
When you can spend virtually nothing on defense, it's significantly easier to generate a surplus, I'd imagine.
Military spending in nations like the US, Britain, and France is supposed to make money. The arms trade is, by far, largest source of financial transactions in the world; western nations — the US started first and has been the most successful — have been writing-off debt and running their economies by designing and selling weapons since WWI. Christ, most third-world loans are underwritten by the very nation that's about to sell them 3 billlion worth of helecopters. Defense spending, in theory, is supposed to be the cornerstone of national financial success, not the source of budget deficits; weapons are the engine of global economics.
post #10 of 23
Quote:
Originally Posted by Lokican
So in what do you guys think we should spend it on?
Do what most people do in Sim City: construct a secluded paradise for the über rich and erect a giant gold statue honouring your benevolent leader.
post #11 of 23
Quote:
Originally Posted by Lokican
harbours
I like the way you talk.
post #12 of 23
I think we should be pumping it all into health care. More funding could solve a lot of our problems.
post #13 of 23
But yeah, they should put half into debt reduction, the other half into health care. Adding an extra 500 million - 1 billion in defense spending wouldn't hurt either. Upgrade the 1970s rifles our troops are using.
post #14 of 23
Quote:
Originally Posted by Werewolf Girl is the Universe
I think we should be pumping it all into health care. More funding could solve a lot of our problems.
But isn't healthcare nothing more than bottomless pit into which you can pour endless amounts of money without any real gain?

The British NHS is standing proof that billion dollar injections of funding can be gobbled up without any substantial increase in life expectancy. To give but one example, last week I read a story in the Guardian that CJD (Mad Cow) victims' families are lobbying the government to provide experimental treatment to prolong the lives of their family members. The cost of this treatment runs into millions of dollars. The most hopeful outcome offered by physicians is that these poor souls will get no worse. With this in mind, what will the government achieve by providing such treatment?
post #15 of 23
So we're discouraging research now? Terrific.
post #16 of 23
Quote:
Originally Posted by Nordling
So we're discouraging research now? Terrific.
I'm not attempting to discourage anything. I am merely trying to point out that experimental treatments are often incredibly expensive, whilst offering little in the way of increased life expectancy or prolonged quality of life.

Up to the 31st of December 2003 there have been 139 deaths attributable to CJD in the UK. This dreadful condition is, at this point, incurable.

The only treatment available involves drilling a hole into the patient's skull and permanently dripping an untested chemical directly into his brain. At best this treatment can only arrest the spread of the disease, not reverse it. It is also incredibly expensive.

If we had infinite amounts of money then I'd be only too willing to offer this treatment under the National Health Service, but as we do not it's difficult to rationalize something that commands considerable cost for very little gain. Especially when there are people in Africa who could be saved from very preventable deaths at the hand of starvation, which should be a relatively cheap problem to solve.
post #17 of 23
Quote:
Originally Posted by AgentOrange
But isn't healthcare nothing more than bottomless pit into which you can pour endless amounts of money without any real gain?
No.
post #18 of 23
But even if it was, so what? So is maintaining fire or police services. The point of a health care system is to care for health, not make a buck.

That's assuming you don't consider receiving medical attention a "real gain". I do consider it such, and I've got the scars to prove it.
post #19 of 23
Quote:
Originally Posted by Adam Warren
No.
So you would approve the expenditure of massive amounts of money on CJD sufferers despite the fact that it costs millions of dollars for little to no gain whatsoever?

What if the next treatment costs billions for not much more than the same result? Would you authorize similar expenditure for a few hundred unfortunate people? At what point do the benefits outweigh the negatives? At the billion point level? At the trillion point level?

At what point do you draw the line and shout “Enough! We can't afford this!”?
post #20 of 23
Quote:
Originally Posted by AgentOrange
So you would approve the expenditure of massive amounts of money on CJD sufferers despite the fact that it costs millions of dollars for little to no gain whatsoever?
No.

I don't think public health care has ever been about spending massive amounts of money on rare diseases. I would hope that a potential few billion would go towards improving hospital conditions, the purchase of new equipment, the hiring new staff, and so on. Perhaps some would go towards patient care or preventative programmes, such as health awareness education, or paid re-training for physicians.

As an aside, the British government may be finding themselves saddled with some ethical or legal obligation to CJD victims as the result of bureaucratic incompetence. Perhaps this is the reason for all the money spent.
post #21 of 23
Quote:
Originally Posted by AgentOrange
So you would approve the expenditure of massive amounts of money on CJD sufferers despite the fact that it costs millions of dollars for little to no gain whatsoever?

What if the next treatment costs billions for not much more than the same result? Would you authorize similar expenditure for a few hundred unfortunate people? At what point do the benefits outweigh the negatives? At the billion point level? At the trillion point level?

At what point do you draw the line and shout “Enough! We can't afford this!”?
What are you talking about? Talk about grasping at straws. If your going to attack the Canadian system say stuff like "the best doctors leave after a few years" or "Canadians often go to america to have surguries they have to wait months or years for done in days", not you rediculos hypothetical argument. Gee what if police services for the next year cost a gia-gio-tillion I guess it be wrong to pay.
post #22 of 23
The math in a public healthcare system should be pretty simple. You have x dollars. You spend that money to save/make better the most lives. If it costs 1000 pounds to save someone from a rare disease and that same 1000 pounds could save 2 people from a not so rare disease... you spend it on the second case, not the first case. The money itself is irrelevant, the point is what you can do with it.

The answer to "What value would you put on a human life?", the answer is "Not as much as two human lives".

(that sum gets all wacky when you are dealing with one human life vs one human life, but the CJD case is pretty clear cut, few lives, high cost)

Anyway, that's off topic. I think you should spend that money on some more of our life-expired military hardware! We've got some Churchill tanks that are going for a steal at the moment, a quick lick of paint will cover up that rust!

I think growth forecasts for 5 years are going to be massive guesses at this point. I think you guys would be wise to put the money in a big jar on the mantelpiece in case of a rainy day. The Middle-East and Far-East are wackily unpredictable places at the moment, and what happens there could have ramifications for everyone. Even Canada.
post #23 of 23
Quote:
Originally Posted by DerekT
What are you talking about? Talk about grasping at straws. If your going to attack the Canadian system say stuff like "the best doctors leave after a few years" or "Canadians often go to america to have surguries they have to wait months or years for done in days", not you rediculos hypothetical argument. Gee what if police services for the next year cost a gia-gio-tillion I guess it be wrong to pay.
There was no criticism of the Canadian system, which I’m sure is very good.

But you must admit that you cannot spend an infinite amount of money on healthcare; and if you accept this then you also must accept that there has to be a cut-off point and tough and often painful decisions have to be made in order to determine it.

There isn’t a democratic government on the planet that wouldn’t like to offer every treatment for every disease for every man, but with the costs of treatment often being very high (and rising seemingly exponentially) decisions have to be made on which can be offered to whom.

For just a taster of the problem, consider the following article posted in the Critical Care Foundation forum .

Quote:
The dilemma of intensive care

Richard Burrows

We live in a society with shared benefits and with varying rights and obligations. The physician is under imperatives to use effective drugs to resolve disease, returning patients to an 'acceptable' life. However, the 'tragedy of the commons' [4] suggests that, without rules and regulations, individuals may take more than their fair share, destroying the common good. It is clear that the cost of treatment has increased to the point that society has begun to question the large amounts of funds that are expended in the last few days or weeks of life. Exclusionary triage decisions or 'do not resuscitate' in its broadest sense have become little more than arguments of rationing, no matter what the wealth of the society is. The Oath of Hippocrates and more modern declarations ill prepare the physician for a role in rationing; in fact, they do not even address the issue of how to choose between patients. The issue is confused further because the benefits of modern medicine are less clear than when therapies such as antibiotics and mechanical ventilation were initially introduced and gave clear advantage to treatment over disease. Benefits today are incrementally smaller, with debatable reductions in mortality from many diseases treated in intensive care and complicated by surrogate markers of improvement [5,6].

It is clear that there are no fine dividing lines in severity of disease that effectively delineate which treatment may be expected to be successful or ineffective. There is no guaranteed point short of decomposition [7] at which death can be defined. Measured against this certainty of death is the probability, however small, that a specific treatment might work. The 'number needed to treat' in order to effect a survivor may be, for example, 16, but in the case presented above this also means that US$128,000 has been spent to effect one survivor. This is an expensive proposition.

A 750-bed referral hospital in South Africa has a yearly budget of some US$25,000,000. The intensive care unit (ICU) admits approximately 500 patients a year on a budget of approximately US$1,500,000. Severe shortfalls in resources mean that the unit must refuse admission to a large number of potential cases. The crude mortality rate is 40%, or approximately 200 patients, most of whom die in multiple organ failure with some degree of sepsis. It is clear that the use of the therapy under discussion would quickly drain the budget, resulting in inability to admit other patients who potentially may survive if treated. In addition, if the patient has other chronic organ system failure, then it can reasonably be argued that he has entered a death spiral in which he may be expected to die with infection rather than because of it. The problem is simply where should one draw the line and decide to stop at some point short of a clear, irrefutable death.

It should be clear that if a treatment is of proven efficacy then it should be offered as a right rather than in response to a demand. In the face of uncertainty, however, the real issue is who should make the decision? The present medical system has been described as an ethical mess [8] as a result of paternalistic practice, but dictates of autonomy have made any decision contrary to that of the patient or surrogate little more than an illegal act. The physician who falls between the stool of guarding of the coffers of society and that of advocating patient autonomy is in trouble because these two issues are irreconcilable, especially for those who insist that death must be avoided at all costs. If physicians are to be merely 'purveyors of vendibles' [9], however, then those in need must invariably suffer. Issues of cost effectiveness must necessarily force the pendulum to swing away from open-ended patient autonomy to a more rational decision-making process that takes into account the medical decision to stop questionable treatment.
Under the circumstances, I would not administer this treatment to this patient.
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