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Army Guy

Canada's national debt out of control...

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14 hours ago, eyeball said:

You're full of shit. Canada went into this pandemic with the best GDP to debt ratio in the G7. 

I know the Liberals like to quote that but it was never really true, you know. When you add in provincial debt we were actually among the most indebted nations. Some countries don't have 'provinces' or 'states' but even those who do still keep all the most expensive roles like health care at the federal level. At government debt to GDP we're not nearly as bad as Japan or Greece, or even France or the US, but at 90.1% of GDP we were certainly worse than the UK and the overall Euro area. Australia's debt, by comparison, is 41% of GDP.

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1 hour ago, cougar said:

So look at the national debt as a meaningless number; just a tool of control, that can be reset to zero at any time.   

Yes, just ask the Greeks how easy that was.

 

 

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21 hours ago, Army Guy said:

343 bil will be added to the national debt, Thats not including what the liberals have contributed to the debt already in the last 5 years of their reign another almost 100 bil,  ya lets let that sink in for a minute  they have almost doubled our national debt in 5 years....

I really don't understand what you're worried about. Don't you understand that the budget will balance itself?

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14 hours ago, bush_cheney2004 said:

 

Not likely...Canada's economy was crashing even before the pandemic and crushing debt because of low commodity prices, rail protests, and capital flight.

Not as much debt as the US, but yes, quite a bit of it.

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1 minute ago, CITIZEN_2015 said:

As devastating as it appears the Liberal government had no choice but to help Canadians in the time of Crisis. Yes this is in contrast to heartless conservatives in particular Harper and Kim Campbell however millions of Canadians lost their jobs and incomes during this pandemic and needed support to bring food to table and may rent or mortgages. This is what any government with heart would have done for its citizens and this is what Trudeau government did too. Same deficit situation even worse in other industrialized countries like UK, US, France and others. I rather to see Canadians supported at the time of crisis and continue to feed their families and babies than a lower deficit.

The deficit will come down soon. The measures taken were temporarily measures. Cerb and other pandemic related programs will expire soon. The economy is gradually opening up. Growth will come back to pre-pandemic levels. The deficit however must come down gradually. Surely but slowly not to cause hardship to the citizens. Conservative plans of eliminating this huge deficit rapidly would sink the slowly recovering economy back into depression and cause millions of Canadians severe hardship. Yes to Liberal plans and no to heartless conservative plans which hopefully will never be elected.

Are you ever a believer in nonsense. This plandemic has now kept Canada in debt forever, and all thanks to the political thieves in Ottawa who could careless about how they continue to blow our tax dollars. Canadians are well known for never wanting to fight the real issues. They prefer silly ass ones to fight over. :unsure:

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5 minutes ago, Argus said:

Not as much debt as the US, but yes, quite a bit of it.

 

Canada will never has as much debt as the U.S., but it will also not have the ability to sustain bigger drags on its economy, like low commodity prices and U.S. export market dependency.

Chretien and Martin had to act in the 1990's to save Canada's dollar and credit rating...the Americans just raised the debt ceiling.

Edited by bush_cheney2004

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Just now, bush_cheney2004 said:

 

Canada will never has as much debt as the U.S., but it will also not have the ability to sustain bigger drags on its economy, like low commodity prices and U.S. export market dependency.

The biggest drags on our economy are interprovincial trade barriers and environmental regulations which hamstring our resource industries.

Not you guys.

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5 minutes ago, Argus said:

The biggest drags on our economy are interprovincial trade barriers and environmental regulations which hamstring our resource industries.

Not you guys.

 

Fine....just add those to the list of many things that make most Canadians wince at the reality of TRILLION+ debt loads for several more years.   

More bad news is coming next year on top of this week's "snapshot".

Personal debt loads are also near historical maximums.

 

Edited by bush_cheney2004

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14 hours ago, bush_cheney2004 said:

 

Not likely...Canada's economy was crashing even before the pandemic and crushing debt because of low commodity prices, rail protests, and capital flight.

I have come to the conclusion that Canada is a total write off. It can never be saved. They the Canadian sheeple keep getting Canadian politicians who keep giving them the finger, and then shove it up their azzes  with it after. They seem to enjoy it. I wonder as to how many Canadians keep saying shove it in deeper? No doubt plenty!!

I use to be in favor of Western separation, but not all that much anymore. I would much now prefer that British Columbia become the 51st of the union. Hey, do you want us, bc? :D

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2 minutes ago, taxme said:

I use to be in favor of Western separation, but not all that much anymore. I would much now prefer that British Columbia become the 51st of the union. Hey, do you want us, bc? :D

 

Sorry...no can do.    British Columbia is unceded land that doesn't even belong to Canada in the first place.

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6 minutes ago, Argus said:

I know the Liberals like to quote that but it was never really true, you know. When you add in provincial debt we were actually among the most indebted nations. Some countries don't have 'provinces' or 'states' but even those who do still keep all the most expensive roles like health care at the federal level. At government debt to GDP we're not nearly as bad as Japan or Greece, or even France or the US, but at 90.1% of GDP we were certainly worse than the UK and the overall Euro area. Australia's debt, by comparison, is 41% of GDP.

And again I say so what given everyone is in the same boat with waves of debt washing over it. 

Australia just borrowed a couple hundred billion to find their army.  Let me guess, they borrowed the money from China right? <_<

China's probably printing it as we speak.

Help me out here...how do you forclose an entire planet that can't pay its debt?

Recall the question Jody Foster's character wanted to pose to the aliens in the movie Contact..."How did you do it, how did your species survive its adolescence?"

They probably borrowed enough to get there and backed it up with the gold and other resources they knew existed throughout their system and amortized it over a 1000 year period.

Why can't we do that?

BTW anyone else notice no one wants to tackle the question I posed about just exactly who or where the idiots willing to keep lending us money are?  Other Earthlings or something else?

 

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50 minutes ago, taxme said:

Well, why doesn't the Canadian government reset it to zero? Personally, I believe that our government is in cahoots with the international banksters. Make them rich, and at the same time, make Canadians poorer.  What a plan, hey? :lol:

Yes, this is pretty much it.  But not rich like in worldly possessions as much as in power and control.  Once those have absolute power, it would make little difference to them, to let some of it drain away, while still maintaining absolute power.

What is being paid on debt is interest.  Now keep in mind the whole concept of paying interest is flawed.

It seems to work when it comes to small things in small amounts.  Like, you have no apples on your tree this year and you borrow an apple from a neighbor promising to pay two apples next year.  In the next year your apple is bearing fruit and you can give your neighbor that second apple, no problem.

Now imagine you already have all the gold in the world.  Someone wants to borrow a pound of gold from you at 10% annual interest.  Yes, you give him the 1 pound.  Do you expect to get the extra 1/10 pound next year?  You will be stupid if you did.

Interest works only if land and resources are unlimited which they are not.

So the governments have been running a ponzi scheme. Not just Canada.   Canada will not reset to zero without all other players resetting to zero.

Edited by cougar

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36 minutes ago, Argus said:

Yes, just ask the Greeks how easy that was.

 

 

What happened to your beautiful puppy eyes and orange/white coat , Argus?

You looked more appealing than in this Greek armor.

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15 minutes ago, eyeball said:

Help me out here...how do you forclose an entire planet that can't pay its debt?

Exactly.    Debt is not real.

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4 minutes ago, bush_cheney2004 said:

 

Fine....just add those to the list of many things that make most Canadians wince at the reality of TRILLION+ debt loads for several more years.   

More bad news is coming next year on top of this week's "snapshot".

Personal debt loads are also near historical maximums.

 

The problem with Canadians and Americans is that they just do not seem to give all that much of a shit about what their dear leaders are doing with their tax dollars, and this will never change. Until that day comes, debt will remain with those people forever. But ask them if they really care anyway? Taxes seems to be something that no one seems to want to bother to talk about. I guess that with most dumb azz Canadians the impeachment of Trump or global warming or Indian railroad blockades bs is what they prefer to babble on about.

Although those three seem to have been put aside these days. No Canadian seems to give a crap anymore about them now. But all that will take is for the leftist liberal Canadian media to start talking about them again, and there they will go again and offering up their useless Canadian opinions.  I guess the hoax virus and racism is now the new rage to talk about now, eh? I guess that our politicians and the lying media needs to give us all something to bitch about. What's after this? Aliens from outer space have just landed somewhere on earth next? I guess whatever it takes to get the sheeple all worked up over nothing. It pays well for some people. :D

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4 minutes ago, taxme said:

Although those three seem to have been put aside these days. No Canadian seems to give a crap anymore about them now. But all that will take is for the leftist liberal Canadian media to start talking about them again, and there they will go again and offering up their useless Canadian opinions. 

 

This is the best time to drop the debt bomb on Canadians because of the COVID panic and continuing obsession with Trump and the USA.   It will get worse as the U.S. federal election gets closer in November and Canadian news media bites real hard.   Perfect distraction for the fiscal bleeding, and the Conservatives are still flailing like fish out of water.

The other leftist parties will not bring this government down.

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35 minutes ago, bush_cheney2004 said:

 

Sorry...no can do.    British Columbia is unceded land that doesn't even belong to Canada in the first place.

Ha ha, you mean it was benignly settled as opposed to taken by force in the spirit of Manifest Destiny as in Murica?  Is it better to move into land that no one contested at the time it was settled or to take it by force from people who saw a reason to defend it?  Curious as to your opinion.  

Edited by Zeitgeist

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Just now, Zeitgeist said:

Ha ha, you mean it was benignly settled as opposed to taken by force in the spirit of Manifest Destiny as in Merica?  Is it better to move into land that no one contested at the time it was settled or to take it by force?  Curious as to your opinion.  

 

Off topic...but history reports that BC settlement was hardly "benign".

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1 minute ago, bush_cheney2004 said:

 

Off topic...but history reports that BC settlement was hardly "benign".

Cite evidence.  You started the off-topic move. 

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Just now, Zeitgeist said:

Cite evidence.  You started the off-topic move. 

 

Start a new thread if you want to pursue it....another member suggested BC statehood.

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52 minutes ago, bush_cheney2004 said:

 

Canada will never has as much debt as the U.S., but it will also not have the ability to sustain bigger drags on its economy, like low commodity prices and U.S. export market dependency.

Chretien and Martin had to act in the 1990's to save Canada's dollar and credit rating...the Americans just raised the debt ceiling.

Central and Eastern Canada, as well as B.C. were growing despite the Alberta commodity slump before COVID. 

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1 minute ago, bush_cheney2004 said:

 

Start a new thread if you want to pursue it....another member suggested BC statehood.

Ha ha, to wrap itself in a flag signifying a more violent history?  Too much...  

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1 minute ago, Zeitgeist said:

Central and Eastern Canada, as well as B.C. were growing despite the Alberta commodity slump before COVID. 

 

The rail protests and capital flight were impacting other provinces besides Alberta.  

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Just now, bush_cheney2004 said:

 

The rail protests and capital flight were impacting other provinces besides Alberta.  

For two weeks it impacted a few sectors, yes.  How's Keystone coming along?

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2 minutes ago, Zeitgeist said:

Ha ha, to wrap itself in a flag signifying a more violent history?  Too much...  

 

Don't be too hard on it....as it is very common for Canadian dissent to gravitate towards separation and/or U.S. statehood.    

Even this newest debt bomb is being compared to the USA....oh no !!!

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