YOU SAID IT: Where did the money go?

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WHERE DID THE MONEY GO?

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I think it's time Canadians get a detailed accounting of where climate change money has gone to date and where it will go in the future. All we hear are fancy project names that never seem to see the light of day, and the increased bureaucracy that comes with them.

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Since the Liberals have committed $200 billion (yes, billion), we have a right to know. Canada itself only produces about 1.5 percent of the world's emissions… hardly planet-destroying, yet Canadians are constantly blamed for everything that's wrong with the world, including the climate.

The Liberal government recently ended its two billion tree planting initiative. Trees are exactly what we should be planting!

SANDY JOHNSTON

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greedily

CREDIT FUNDS

Re: Liberal fiscal fantasies won't fix the economy, editorial, November 13.

According to CD Howe Institute President and CEO William Robson, federal government borrowing is squeezing the private investment needed to grow the economy. However, this misconception is based on the “loan fund theory,” which assumes that there is only a fixed amount of funding.

In the real world, bank credit expands and contracts over the business cycle, with new loans issued whenever banks deem a customer worthy. However, government deficits can affect the profits of commercial banks and corporations. If the government can't handle the deficit, it can't spend money on roads, schools and other infrastructure that will be operated on a low-cost or not-for-profit basis.

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These assets will have to be privatized and banks will be able to create their own loans to allow investors to build these assets and operate them as rent-seeking monopolies. This explains why private sector leaders propagate myths designed to limit the government's ability to invest in facilities intended for the public good.

LARRY KAZDAN

VANCOUVER

GENERATION BUDGET MESS

Mark Carney needs a chance to prove himself. He failed as head of the Bank of Canada and also in England. Three strikes and you're out, it's more like three strikes and you're prime minister.

Despite all the pomposity, rhetoric and fantasy he spewed, give this man credit for telling the truth. He said his later budget would be generational. In the typical way liberal spin doctors spin, twist, twist, twist the facts, this is indeed the case.

Our liberal destructive policies will impact Canadians until the end of time, so his budget will truly span generations. Run for cover, Canada.

BILL JAMISON

TORONTO

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