Trudeau ‘deeply concerned’ over Alberta CPP withdrawal
Episode Stats
Words per Minute
213.32133
Summary
Justin Trudeau has an open letter to Alberta and says he will not stand by as they seek to weaken Alberta's pension plan. Alberta is considering pulling out of the Canada Pension Plan, but what will that mean for the rest of the country?
Transcript
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Trudeau came out in it with a big open letter to Premier Daniel Smith and basically saying he's not
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going to stand by as anyone seeks to weaken pensions. His attack was on the the considerations
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going on of an Alberta pension plan right now. Now one of the things interesting is I guess
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somebody with a little bit of economic knowledge did get Justin aside and pull him over and let
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him know hey if Alberta pulls out of this plan you're screwed because Alberta puts in a heck
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of a lot more than it takes out of it. You see if it was just a wash if it was just Alberta putting
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in as much as it gets out then it wouldn't be a big deal right Alberta could step aside
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and the plan will carry on Alberta have its plan but the problem is Alberta pulls out well then the
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rest of the country has to pay more and they will get less but you see that's been the problem from
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the beginning that's why Alberta is looking at pulling out of the plan it's not getting a good
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or a fair deal. So what are you going to do about it though Justin? That's the thing you're not going
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to stand by as anyone seeks to weaken pensions because you know what it will not weaken the
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Alberta pensioners if Alberta pulls out of the plan but yes it will weaken the plan for the rest of the
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country. So are you going to try and ban Alberta from doing something that they're allowed to
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right in the legislation that governs the Canadian pension plan? It's right in there. The formula is in
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the plan as to how a province can pull out should it choose to and how to calculate the amount of
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funds it's entitled to. What are you going to do? Rewrite the legislation retroactively? Again folks
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that gets me back to that talking about getting out of confederation. I mean he's just going to keep
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rewriting the rules as we go. I've used that analogy on here before and I'm going to keep calling
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him up. My cousin Craig, I'll use his name this time. When we were kids he used to always play these
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these stupid card games. You get us playing cards and he'd make up a game and then you try to play
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the game and you play by his rules and you play a card and you put it down. He says oh no you can't
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play that card because of this rule. You can't play that card because of that rule and that's what he
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would do and this is how the government's working with things. We've got our set of rules. It's called
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the confederation or the constitution I should say but they seem to play loose and free with the
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rules within that constitution as we're seeing with the when the supreme court told them your
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legislation clashes with the constitution. Your legislation breaks the rules of Canada. Your
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legislation is no good. You have to pull it. Well they're saying no no we can come at this just from
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another angle. No you can't. It's you broke the rules but now they just change the rules as they go.
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Likewise with the Alberta pension plan you know consideration. Well if Alberta's looking to leave
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the plans based on the rules within the plan who on earth are you to suddenly say we can't.
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That's how it was written up Mr. Trudeau. Get somebody to read it to you. I know you need a
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little help with those things. Maybe if we put the legislation governing the Canada pension plan into
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a pop-up book Justin Trudeau could be brought into understanding how it works. So if you change
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those rules retroactively you screw Albertans who have been over contributing into that plan for
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decades. Again the support for secession in Alberta that's sitting around 25 percent on average
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it will only grow because that's when people more people start to realize the deck is stacked against
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us. They're gonna no matter how you try to play within the rules they will just change the rules.