A study concludes that the new mandatory increase in pension plan contributions won’t help more than 5% of CPP recipients. Meanwhile taxpayers are getting soaked for the MP’s pension plan at a staggering rate.

Check out Michael’s Big Fat Idea: Long Term Growth & Income Alert

Finance Minister Bill Morneau announced that growth will be at half mast & deficits right up and off the pole. They didn’t see the 2008 credit crisis or the huge drop in Oil prices that Money Talks analysts correctly forecast. What’s dangerous is what they clearly continue to miss.

….also Michael’s guest: Make The Game-Changing Tech World Pay

Canada’s increased deficit spending does not include the shortfalls in Government pension liabilities. Further, despite Government claims to the contrary most of the extra spending won’t help grow the economy. For example…..

…also: Hot Properties: Where Did Vancouver Scare Foreign Money To?

The media just loves to elevate certain politicians to Super Hero status. The downside is that it provides cover for those political heroes to continue with the same policies year after year that lead to poverty, faltering economic growth, unemployment and political corruption….

Michael’s Mid-Week Update: OECD: Canada’s Growth Engine Still Needs a Rebuild

A $16 glass or orange juice claimed as an expense is just a symbol of the kind of abuse being perpetrated by a legion of Government hacks. The really big cash being stuffed into pockets lately is called “moving expenses”. Huge numbers. Expense account abuse going on Right Now is staggering and its time to roll out the guillotine.

OECD: Canada’s Growth Engine Still Needs a Rebuild