Categorized | Canadian Politics

My Home Economy in Deficit

Posted on 27 March 2013 by admin

By Dalbir S. Singh

Toronto

I don’t really check how much I have in our bank account. But when my wife started complaining a bit about how there are too many expenses and only one income to pay for those bills. After her constant b*** about it for a few days, out of curiosity I checked online the state of our home economy.

I was completely shocked!

Appalled!

Absolutely surprised that she had let our family finances get into a deficit of over $2,000 a month.

I was dumb for a few minutes, completely speechless as to how this could happen to me of all people. I hate to run debt on credit cards. I don’t buy things that I cannot afford to buy. Other than my car and home, nothing in my home is financed or leased.

I abhor the idea of leaving my family with unpaid bills and deficit. I could not bear the thought of dying, leaving my family with the interest and owing balances on my purchases and investments.

Once I found my voice, I was outrages.

Yes, I yelled at my wife for letting us run into $2,000 deficit for the first time in our five-year-old marriage.

I screamed at her for not controlling the finances. And I threatened to take away all control of money from her if it ever happens again. In other words, no debit or credit cards for her. (I don’t think I would have succeeded in doing so.)

Well, you can guess what happened next. Once my rage’s storm subsided and the waters were clear, my wife sat down with me and crunched the numbers, in other words gave me the reason for the deficit.

There was an unexpected basement leakage, so that needed fixing.

Then, we had to pay premium on travel insurance for our kids.

Then, one of our cars needed service B.

Then as if there weren’t enough thens already, our wedding anniversary happened to fall in this expensive month. And I had promised to buy her a gold set.

And I could have gotten off the hook with all the other expenses but not her gift. I haven’t bought her a present in five years. (Every time she asked for something it was an upgrade of our home, so I couldn’t really complain).

But still, DEFICIT. I cannot spend the money I don’t earn. Isn’t it as simple as that?

Probably not, not for our politicians at least.

So, when I heard Canada’s Finance Minister insist in his budget announcement that the deficit has to be eliminated in 2015, I was relieved that someone is talking sense. I was stunned that the Opposition was unanimous in its opposition of Minister Flaherty’s plan of getting rid of this ugly deficit.

I will admit that I vote Liberal, always have, probably always won’t, but our Conservative Minister was making sense. He had planned to spend money on things that made sense like roads and bridges, so that many Canadians like me can get to and from work with some convenience, and on jobs that my family and my neighbours may get access to.

Minister Flaherty is right that he didn’t have to spend this money or extend these investments. He could have eliminated the deficit sooner if he just ended funding to Canadian municipalities and saved the money to pay the owing amounts to eliminate the deficit sooner (although Citizenship and Immigration Canada could have used more funds to process my wife’s citizenship application faster). But he didn’t. I think he deserves more credit for that than the Opposition’s suggestion that the budget is ‘a propaganda,’ or that Harper’s colleagues are good at ‘marketing’ seems a bit absurd.

But then again when you come down to think about it, isn’t the Opposition’s job to oppose. If they started agreeing with the government, won’t they be out of their jobs and be called Conservatives rather than the New Democrats or Liberals.

Nonetheless, the Opposition can convince the Canadians that the government should have and must invest a heck of a lot to get rid of youth unemployment. 15 per cent of our young people cannot find job, ridiculous! This is a recipe for social problems, gangs, violence, interest in guns, good kids getting into trouble and what not.

The Government’s ‘plan’ of getting the employers and the provinces to pay up $5,000 is utter silliness. Why? Because getting them to collaborate in on a plan may not work. And addressing youth unemployment is not something to be left on others to team up with. At best this is bad ‘marketing’ and poor ‘packaging.’

And yes, I sat down and watched the pundits and politicians react to the budget as if my life depended on it. I remember that before immigrating to Canada, my dad, my uncles, my grand dad and the whole family would sit in front of the TV screens at our home in Patiala to wait for any announcement related to their pay raise. (They were/are all in public service). The budget announced was followed by heated discussion over it.

And it stayed with me, for good hopefully. And here I am saying kudos to Minister Flaherty for the job almost well done.

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