BC Political Discussion: Election 2024 & 43rd Parliament

[Migrant_Coconut]

Originally Posted by chowhou

https://www.reuters.com/markets/us/moody...gth-course-continued-decline-2025-03-25/

Right.

Federal investigation? Downgraded. More debt than expected? Downgraded.

Tariffs on all external trade and implementing autarky and national-level extortion? ... We'll have to wait and see.

Right.

[chowhou]

Once again, credit ratings do not reflect whether a government is enacting good or bad policy. They only reflect how risky to the lender it is to offer the government more debt. This thesis that rating agencies attempt to influence public policy is completely inconsistent. Wouldn't we expect Moody's to downgrade the US as much as it can to reverse the current US economic policy and bring it back to glorious neoliberalism?

Moody's thinks it's provable to lenders that BC is becoming a riskier debtor. That's all.

[Migrant_Coconut]

And yet America is still considered a reliable debtor. Somehow.

[chowhou]

Originally Posted by Migrant_Coconut

And yet America is still a reliable debtor. Somehow.

No one's forcing you to like it. Nor is anyone forcing creditors to agree with it, yet they seem to. Why do you think that is?

[Migrant_Coconut]

"Why" indeed.

[WarrenC12]

Originally Posted by Migrant_Coconut

"Why" indeed.

The US is the richest and most powerful nation in history. Does that help answer your question?

[logicbomb]

Originally Posted by WarrenC12

That's a pretty biased view. There's a limited amount of money around. Capital spending is one thing, but the NDP is now running a huge operational deficit. Horgan kept a tighter lid on spending. Post-COVID they have lost the plot IMO.

You want all of this spending? Have the balls to increase taxes, or suffer the consequences. You can't have you cake and eat it too. We'll be at Ontario levels of debt per capita soon enough.

It's the direct consequence of a massive population boom that has seen newcomers strain infrastructures. Roads, housing, schools, transportation, health care...These things got exponentially worse with the introduction of nearly 3 million people in Canada and no one (none of the parties at the provincial or federal level) wants to the address the elephant in the room.

Increasing taxes when many employees (students), landlords and employers don't report income gains is a huge challenge.

[WarrenC12]

Originally Posted by logicbomb

Increasing taxes when many employees (students), landlords and employers don't report income gains is a huge challenge.

PST bro!

[mcj]

Originally Posted by logicbomb

It's the direct consequence of a massive population boom that has seen newcomers strain infrastructures. Roads, housing, schools, transportation, health care...These things got exponentially worse with the introduction of nearly 3 million people in Canada and no one (none of the parties at the provincial or federal level) wants to the address the elephant in the room.

Increasing taxes when many employees (students), landlords and employers don't report income gains is a huge challenge.

Yeah also don't think Moody's gives any care to the condition and availability of infrastructure... (and also it's not like we had well funded and robust infrastructure in 2019 by any means or whenever this tired argument of population growth is meant to trace back to)

There's also other taxes than income tax, like the $1.5B/year hole blown in our budget by the removal of the consumer carbon tax, not sure whether Moody's considered that but that's not going to help the Provincial credit rating.

[Sheba]

Eby reshuffles B.C. cabinet, switching up heads of housing, public safety and jobs

British Columbia's cabinet has been reworked in what Premier David Eby says is a strategic shift in order to focus on jobs and the economy.

"The world has changed since the election and since the swearing in of our first cabinet," said Eby at a Thursday morning news conference.

"I have every confidence that the team we have assembled today will be able to meet that moment."

Former housing minister Ravi Kahlon takes over as minister responsible for jobs from Diana Gibson, who moves into the citizens' services role previously held by George Chow.

Garry Begg has been ousted as solicitor general and will be replaced by Nina Krieger.

Christine Boyle will take over the housing portfolio and her Ministry of Indigenous Relations and Reconciliation goes to Spencer Chandra-Herbert.

...

[Tysonbrown]

Kahlon is as dumb as a post.

[whatnext]

La Boyle as Housing Minister..

[Migrant_Coconut]

NIMBYs gonna NIMB.

[WarrenC12]

Originally Posted by whatnext

La Boyle as Housing Minister..

Hmm what's wrong with Boyle? Worried about dirty poors in your neighbourhood?

[whatnext]

Originally Posted by WarrenC12

Hmm what's wrong with Boyle? Worried about dirty poors in your neighbourhood?

You mean other than being a woke YIMBY moron?

Now we have to listen to more of her Shaughnessy tirades. Funny how she never talks about bulldozing the old houses next to a major employment hub like the new St. Pauls. I guess Strathcona has more pull with the pseudo-Left that makes up today's NDP.

[jollyburger]

Well she supported the Arbutus social housing project so there's that. Seems more likely policy doesn't change dramatically considering how invested Eby was on those housing policies.

[GenWhy?]

Originally Posted by whatnext

You mean other than being a woke YIMBY moron?

Now we have to listen to more of her Shaughnessy tirades. Funny how she never talks about bulldozing the old houses next to a major employment hub like the new St. Pauls. I guess Strathcona has more pull with the pseudo-Left that makes up today's NDP.

Boyle did submit a Motion to "tear down" Strathcona (RT zone) and replace it with social housing I think up to 12-storeys (?) back in 2022. This is now in the social housing plan before council, which is very similar to Boyle's Motion.

The Shaughnessy Motion from 2023 is essentially to permit Staff to update the restrictive plan into something like Kitsilano, the current R1 zoning, or updated to the future Vancouver Plan directions. In 2024 this became required by the Province under Bill 44. So everything Boyle put a Motion forward for got voted down, then is becoming a reality anyway, just years later.

[CanSpice]

Originally Posted by whatnext

You mean other than being a woke YIMBY moron?

Now we have to listen to more of her Shaughnessy tirades. Funny how she never talks about bulldozing the old houses next to a major employment hub like the new St. Pauls. I guess Strathcona has more pull with the pseudo-Left that makes up today's NDP.

Yeah, great, what we need is a Minister of Housing who wants to see more giant mansions preserved for the rich.

[Alex Mackinnon]

Originally Posted by whatnext

You mean other than being a woke YIMBY moron?

Now we have to listen to more of her Shaughnessy tirades. Funny how she never talks about bulldozing the old houses next to a major employment hub like the new St. Pauls. I guess Strathcona has more pull with the pseudo-Left that makes up today's NDP.

Ah, yes that neighbourhood that's already amongst the densest in the city. There's quite a few mid-rises in Strathcona already, apartments and townhouses on most blocks and quite a bit of approved density.

Upzone the shit out of Shaughnessy.

[whatnext]

Originally Posted by CanSpice

Yeah, great, what we need is a Minister of Housing who wants to see more giant mansions preserved for the rich.

She just regurgitates the same "flavour of the month" housing stuff that she did when she was with OneShitty on council.

If she really wanted to do something meaningful about housing why doesn't she put together a report on how much housing in Shaughnessy is owned by non-Canadians or purchased with funds earned outside the country.