Mike Druce

SMB Investor and operator, sports enthusiast, lover of the hilarious and sublime

[Mike Druce @mikedruce]

@Camp4 Where do you get your BPC from?

[Mike Druce @mikedruce]

@ChrisParry Well said Chris. There’s no point fighting these facts.

Best to save your energy for good things and bad things you CAN control.

[Mike Druce @mikedruce]

@build_canada Thank you for doing the heavy lifting on this!

Based on the one year timeframe, and a realistic timeline to complete some of these items, would you say the overall plan is ahead of schedule? Behind? On track? How much time is adequate to turn this aircraft carrier?

[Mike Druce @mikedruce]

@AjOsborne1 Great find!

[Mike Druce @mikedruce]

@ianncushing Exterior

[Mike Druce @mikedruce]

@patersonjeff @CanucksArmy With all the NMC on the books, what is the consensus savings to the team to offer these? $250k a year? More? If it’s less than $500k a year, doesn’t the handcuffing going forward negate the overall $1.5-2M you save? Seems like better scouting could cover that!

[Mike Druce @mikedruce]

@girdley Paging @awilkinson … although in Canada. 👍

[Mike Druce @mikedruce]

@Austen @KellyClaudeAI App that allows you to book golf teetimes by time and city, as opposed to course.

[Mike Druce @mikedruce]

@Camp4 Most definitely!

[Mike Druce @mikedruce]

@girdley Haha! The scientific method. ;) Thanks!

[Build Canada @build_canada]

It's time to refocus.

Canada now has the lowest real GDP per capita growth in the G7. Federal government spending has ballooned 45% over the last decade. Our productivity has stagnated, our debt is climbing, and our economy is under threat from a trade war with the United States.

At the same time, services delivered by the federal government are not meeting the standards Canadians expect or deserve. Less than 16% of Canadians feel they get great value from government services.

Policy experts, including former senior public servants, have been ringing alarm bells about challenges confronting the public service, highlighting the need for a reset.

It's time to refocus. For our federal government, this means re-evaluating programs that may no longer serve Canada's best interests.

This process must be done urgently and with transparency. It should be led from within the government by courageous political leaders and with support from our public service. It should be informed by external experts from all parts of our economy and leverage the best talent and technology in the country.

The memo below offers some ideas for how to get started. It identifies $35.1B in potential annual program and operational savings. This is nearly 7% of actual spending and over 50% of the latest $62B operating deficit.

Implementing this plan would mean making hard choices about priorities. But by making tough decisions now, we can ensure the social programs that Canadians value most – like health care, dental care, child care, children's benefits, and benefits for seniors – remain fully funded, while maintaining our commitment to defence and security.

There may be some ideas in here that you disagree with. There are likely things that have been missed. There may be things you’d do differently. That’s okay. The intent is to start the conversation and outline a process and potential opportunities for adjustment that the government can consider.

Now is the time for rigorous assessments and tough decisions. Canada’s economy depends on it.

[Mike Druce @mikedruce]

@build_canada Hard choices. Easy life.
Easy choices. Hard life.

Time for government to make those hard choices so that we can all flourish moving forward! 🇨🇦

[Mike Druce @mikedruce]

@shaneparrish for DOGE Canada! We need someone with sound business ideas, a strong BS meter, and Canada’s best interest at heart to help shepherd our country to fulfill its true potential!! 🇨🇦

[Mike Druce @mikedruce]

@build_canada Canada is a top 10 worldwide producer of several globally important natural resources. These won’t be important forever! Time to take strong action and set up future generations for prosperity!

[Mike Druce @mikedruce]

@build_canada Canada is a top 10 worldwide producer of several globally important natural resources. These won’t be important forever! Time to take strong action and set up future generations for prosperity!

[Mike Druce @mikedruce]

@RJHenderson7 Francesco needed to get ticket prices back in line with pre-pandemic annual increase. But… MAYBE don’t implement a 3 year increase in one year! ESPECIALLY with the growing lethargy to the current on ice product.

[Mike Druce @mikedruce]

@shaneparrish @harleyf Serious question - what do you think it would take to hire Elon to do the same job in Canada once he’s done in the US? He has a link to our country… perhaps he could be persuaded? Or hire the DOGE team?? They’d have all the experience to know what to look for. Thoughts?