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Canada's national debt out of control...


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6 hours ago, cougar said:

Not on trees.  It gets printed in the print houses.  :-)

Money is not a physical asset, it is not food or land or goods or services unless you want to use it and convert into what you want.  It is a promise.  Now imagine this promise was a lie.  And it has been a lie for some time which the super rich do not really know.  The more money they have the more control they have over the rest of us, telling us what to do, what to value, what to work for and how to live our lives.  We are in a kettle , where money is used to cook us up.  When we are about to die, the master reduces the heat (gives us free money) to let us pull through.   If we start getting too much, taxes increase so our disposable cash is reduced and we cannot reach the point of realization our money cannot buy us what we want as what we want is not available to everyone.  

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

What you really need to worry about is if people started to die off in such big numbers that production of foods, goods and provision of vital services could not continue or if we have a major contamination, where our food air, water are contaminated.  Or if we reached the limits of our Planet for growing food.

 

Have you been drinking again....national debt is not a useless number, you've been smoking the liberal weed again....ask Greece if the national debt is a useless number...

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Canada just basically deferred the pain.  Economic pain now or economic pain later paying back the debt (with interest).  People have to eat, but the full economic effects of this won't be felt for a

Canada is running up 600+ billion in deficit spending and our MP's want the summer off.  Utter horse manure.

I don't see you even mentioning the pandemic and unfavorable economic conditions in the past couple of years.  What do you expect Trudeau to do; or you thought Scheer was going to do better ......for

5 hours 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 pay 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 see Canadians supported at the time of crisis and continue to feed their families and children 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.

Look i get it Canadians did need a helping hand, Bravo to the liberals, it needed to be done.....but the last recession we had i remember it was the cons that spent our way out of it, but not before Justin and his merry gang of fairies were screaming and blaming the cons for over spending and all of that was needed as well ....if we look at this 343 bil how much of that was really needed and we are not out of the pandemic yet .... and thats not counting the over 100 bil Justin added to the debt before the pandemic........infact not even close according to the experts, they are predicting well over 600 bil in deficit, in effect more than doubling our national debt that has taken decades to build up to, Justin did it in just over a 5 years.... with no plan for recovery, or atleast one that has been costed like most G-7 nations already have... this might just cost us more than we think....

Sounds like a liberal tactic, we are now considered heartless... for doing wanting to decrease the deficit , my guess is you did not have a problem when Crietien decided to cut everything to the bone to pay it down...  that was not heartless, just plain stupid...

If you think this deficit is just going to magically melt away you must have visited cougars house and been into the liberal weed...and it will take generations to pay it down....the damage is already done...A lot of things are going to change once the conservatives get into office...but putting us into another recession is not one of them....

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1 hour ago, CITIZEN_2015 said:

Canada's foreign aid is only 6 billion dollars a year. You are one of those who blames everyone else for their problems especially foreigners, immigrants and other citizens. When you are going to admit if you have misfortunes then it is your own fault and stop pointing fingers to others especially weaker defenseless people? 

6 Billion dollars could go a long way to given Vets the same medical rights as you have, provide homes for vets, and build alot of homes for all our homeless, feed most of those in Canada that do not eat 3 meals a day, or kids that go to school hungry...6 bil dollars could do alot of good things here in Canada. things that a G-7 nation should not even have to think about...who gets to point the fingers for those people right here in our country, for Canadian people..

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3 hours ago, cougar said:

I am speaking about the National Debt, not your personal debt.  Your personal debt is very real, but only if most Canadians are not in a situation of imminent eviction.  In that case, your debt will become imaginary just like the National debt.

We're going to be paying tens of billions of dollars every year on interest on that 'imaginary debt' for a very long time.

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1 hour ago, Argus said:

We're going to be paying tens of billions of dollars every year on interest on that 'imaginary debt' for a very long time.

Go up above and read my comments on interest.  Again, nobody can take the shirt off your back to make you pay interest on national debt.

 

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2 hours ago, Army Guy said:

Have you been drinking again....national debt is not a useless number, you've been smoking the liberal weed again....ask Greece if the national debt is a useless number...

No.  Unlike you, who goes up on CBC to read brainwashing capitalist propaganda and then comes up hear to scream "Mommy, I am scared and I want to hide under the mattress! What should I do now?", I actually use my head to think over things, disregarding all else.

And believe it or not it works well for me.

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12 hours ago, Argus said:

We're going to be paying tens of billions of dollars every year on interest on that 'imaginary debt' for a very long time.

To who exactly?  Name names. To you perhaps?

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1 minute ago, eyeball said:

To who exactly?  Name names. To you perhaps?

We'll, China for sure.  You know, the country you don't want oil sold to, but you're ok borrowing money from them, and paying interest to them as well.  You're a walking contradiction. 

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2 minutes ago, Shady said:

We'll, China for sure.  You know, the country you don't want oil sold to, but you're ok borrowing money from them, and paying interest to them as well.  You're a walking contradiction. 

What part of no truck nor trade don't you get Shady?  Let me guess you don't know what that means.

You're a walking bullshitter so piss off.

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12 hours ago, Army Guy said:

6 Billion dollars could go a long way to given Vets the same medical rights as you have, provide homes for vets, and build alot of homes for all our homeless, feed most of those in Canada that do not eat 3 meals a day, or kids that go to school hungry...6 bil dollars could do alot of good things here in Canada. things that a G-7 nation should not even have to think about...who gets to point the fingers for those people right here in our country, for Canadian people..

What you have outlined takes 60 billion not 6 billion.

I get you. We have to give priority to Canadians but the fact remains that this relatively small amount (relative to Canada's gross domestic product or even Canada's annual budget (expenditure) of over 350 billion dollars goes a long way overseas and makes a significant difference. Those Canadians who can afford it (a good majority) should also make private donations to charity work overseas and sponsor children for a price of a coffee a day. People overseas may not be Canadians but they are humans too and feel suffering and hunger and disease. It is our human responsibility to help a bit. 

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1 hour ago, eyeball said:

What part of no truck nor trade don't you get Shady?  Let me guess you don't know what that means.

You're a walking bullshitter so piss off.

Right, but you're ok borrowing money from them.  #WalkingContradiction

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11 minutes ago, Shady said:

Right, but you're ok borrowing money from them. 

As I've said more than a few times now I'm not looking for a handout to get thru COVID-19 I want compensation and we should be deducting that from whatever money we owe China. This pandemic is not our fault, it's Xi Jinping's fault and China's fault for putting up with with their shitty sneaky governance for so long.  They owe us not the other way around.

Quote

#WalkingPrinciples

FIFY

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4 minutes ago, eyeball said:

As I've said more than a few times now I'm not looking for a handout to get thru COVID-19 I want compensation and we should be deducting that from whatever money we owe China. This pandemic is not our fault, it's Xi Jinping's fault and China's fault for putting up with with their shitty sneaky governance for so long.  They owe us not the other way around.

FIFY

Agreed.

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35 minutes ago, eyeball said:

As I've said more than a few times now I'm not looking for a handout to get thru COVID-19 I want compensation and we should be deducting that from whatever money we owe China. This pandemic is not our fault, it's Xi Jinping's fault and China's fault for putting up with with their shitty sneaky governance for so long.  They owe us not the other way around.

FIFY

And how on earth we are going to make the damn China to pay? Military threat? Threat of sanctions? Xi Jinping''s regime is a murderous uncaring regime and that is why they trade and help other murderous regimes like Iran and Syria so that they survive and commit more murderous acts against their own people. Russia is not any better if not worse. 

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24 minutes ago, CITIZEN_2015 said:

And how on earth we are going to make the damn China to pay? 

We write off our debt to dictators and start standing in their fucking way instead!

Our grandparents sacrificed some 25% of their generations GDP to fighting tyranny. What's our excuse for not sticking with the program? Fear of our indebtedness to them.

What a bunch of useless pukes we've turned into. We deserve everything we get.  I doubt my grandkids will deserve it though.  It's heartening to know their other grandparents fled Hong Kong decades ago because they just couldn't bring themselves to trust Beijing.

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1 hour ago, Shady said:

Agreed.

Bullshit, you'll still just as happily continue to empower their dictatorship by fueling it with oil.

As I've said before it wan't that long ago that we and our allies committed a LOT of money, resources and human lives trying to keep oil out of the hands of communist dictatorships.

You typically pled ignorance of what i was talking about as I recall.

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13 hours ago, cougar said:

Go up above and read my comments on interest.  Again, nobody can take the shirt off your back to make you pay interest on national debt.

Your comments appear to come from a very strange place.

Let me point out that 68% of our debt is owed to Canadian citizens and institutions. So let's say the government announces one day that it's not paying back it's debt. Well, right off the bat the stock market crashes, many big financial institutions are now bankrupt and shedding jobs by the hundreds of thousands. No one can borrow money for a car or house any more so the auto and housing industries go under. The governments can't borrow any money so they all now have to balance their budgets. As in instantly. As in whatever the deficit was it will now be zero. That will mean shedding hundreds of thousands of public sector workers. Not slowly, but immediately.

And you act like that's all no big deal.

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46 minutes ago, eyeball said:

We write off our debt to dictators and start standing in their fucking way instead!

Our grandparents sacrificed some 25% of their generations GDP to fighting tyranny. What's our excuse for not sticking with the program? Fear of our indebtedness to them.

What a bunch of useless pukes we've turned into. We deserve everything we get.  I doubt my grandkids will deserve it though.  It's heartening to know their other grandparents fled Hong Kong decades ago because they just couldn't bring themselves to trust Beijing.

We have debt to China, Iran, Syria, Russia.....? Really?

These murderous regimes support each other as I mentioned before. We standing in their way does not change anything. Iran murderous regime for example survives because fucking Russian and Chinese regime dictators support them in any way they can. They could not care less about the people suffering under their regime. In turn Iran and Russia support Syria's dictator in any way they can so murderer Bashir Assad survives and the list goes on like a vision chain of murderers and dictators backing each other up.

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3 hours ago, CITIZEN_2015 said:

Those Canadians who can afford it (a good majority) should also make private donations to charity work overseas and sponsor children for a price of a coffee a day. People overseas may not be Canadians but they are humans too and feel suffering and hunger and disease. It is our human responsibility to help a bit. 

You got me going with this!  Take care of your family but make sure you do not make too many children.  Support your friends BUT DO NOT HELP an impoverished country where subhumans breed like rabbits only to allow them to further increase their number at the expense of losing wildlife and destroying the environment!

Your thoughts of "helping"  that  look well intended and humane on the outside are harmful to all of us!

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42 minutes ago, Argus said:

Your comments appear to come from a very strange place.

My comment, which you failed to read, came from my own head!

Read about the apple and the pound of gold please and then come back to tell me where the error is!

What I am trying to get into your head is that there can be no interest payments on limited resources.  One is one.  You cannot give one and get one plus 10% where there is no more to take!

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10 minutes ago, cougar said:

You got me going with this!  Take care of your family but make sure you do not make too many children.  Support your friends BUT DO NOT HELP an impoverished country where subhumans breed like rabbits only to allow them to further increase their number at the expense of losing wildlife and destroying the environment!

Your thoughts of "helping"  that  look well intended and humane on the outside are harmful to all of us!

You seem to be one of those who keep everything close to your chest enjoying life by yourself while the rest of the world is burning. Uncaring and unwilling to help out. Yeah it is so harmful to all of us to take 2 coffees a day instead of 3 and save lives or make lives overseas with the price of a coffee a day!!!!!. Really harmful to your type to see others prosper!!!.

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2 minutes ago, CITIZEN_2015 said:

You seem to be one of those who keep everything close to your chest enjoying life by yourself while the rest of the world is burning. Uncaring and unwilling to help out. Yeah it is do harmful to all of us to take 2 coffees a day instead of 3 and save lives or make lives overseas. Really harmful to your type to see others prosper!!!.

You seem to ignore the point completely.  I hope you understand what is being said.

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18 hours ago, CITIZEN_2015 said:

Canada's foreign aid is only 6 billion dollars a year. You are one of those who blames everyone else for their problems especially foreigners, immigrants and other citizens. When you are going to admit if you have misfortunes then it is your own fault and stop pointing fingers to others especially weaker defenseless people? 

"6 BILLION DOLLARS"? Do you know what 6 billion dollars could do for your own Canadian people that you say that you care so much about? It could build plenty of homes for the poor here in Canada, and get them off the streets. Hello? Illegals get free hotel rooms with free food and free clothing, and get their rooms cleaned for them. Hello? The food that is giving to these legal and illegal(criminal)refugees could be given to many Canadians who could use that food instead. The food banks are always asking for people to donate food. Hello? Your liberal socialism is showing. 

I worked all my life for what I have. I did not ask anyone for help. And I never told the government that I wanted to see my tax dollars go to legal and illegal so called refugee strangers here in Canada or for the government to take my tax dollars and give them away to foreigners in another foreign country. That is liberal socialism. Your socialism is showing. If you want to feed the rest of the world well then use your own money and not mine. How the hell can Canada ever get out of debt when we have liberal and socialist politicians who enjoy blowing our tax dollars on their liberal and socialist programs and agendas. Canada must end all foreign aid now, especially in these times of this so called China virus. Hundreds of thousands of Canadians are out of work, and all our brain dead politicians want to keep doing is keep bringing in more legal and illegal criminals into this country. Hello?  Your socialism is truly showing. Hello? 

 

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9 minutes ago, taxme said:

"6 BILLION DOLLARS"? Do you know what 6 billion dollars could do for your own Canadian people that you say that you care so much about? It could build plenty of homes for the poor here in Canada, and get them off the streets. Hello? Illegals get free hotel rooms with free food and free clothing, and get their rooms cleaned for them. Hello? The food that is giving to these legal and illegal(criminal)refugees could be given to many Canadians who could use that food instead. The food banks are always asking for people to donate food. Hello? Your liberal socialism is showing. 

I worked all my life for what I have. I did not ask anyone for help. And I never told the government that I wanted to see my tax dollars go to legal and illegal so called refugee strangers here in Canada or for the government to take my tax dollars and give them away to foreigners in another foreign country. That is liberal socialism. Your socialism is showing. If you want to feed the rest of the world well then use your own money and not mine. How the hell can Canada ever get out of debt when we have liberal and socialist politicians who enjoy blowing our tax dollars on their liberal and socialist programs and agendas. Canada must end all foreign aid now, especially in these times of this so called China virus. Hundreds of thousands of Canadians are out of work, and all our brain dead politicians want to keep doing is keep bringing in more legal and illegal criminals into this country. Hello?  Your socialism is truly showing. Hello? 

 

I care about all people not just Canadians though Canadians are my top priority. The color of passport doesn't matter to me. As I said 6 billion is a small portion of Canada's expenditure and while I agree it can do some good for Canadians though it can do a lot more good oversea can save much more lives. Canada's foreign aid is not about refugees bit helping people overseas. 

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44 minutes ago, CITIZEN_2015 said:

You seem to be one of those who keep everything close to your chest enjoying life by yourself while the rest of the world is burning. Uncaring and unwilling to help out. Yeah it is so harmful to all of us to take 2 coffees a day instead of 3 and save lives or make lives overseas with the price of a coffee a day!!!!!. Really harmful to your type to see others prosper!!!.

As the member said? These people in the third world need to stop breeding like flies. If those people really cared about their world then they would stop bringing more children into their world. They are lucky if they can afford to have one child. The people in the third world are the ones burning down their own countries. Dam right, I want to keep enjoying my own world. 

I am not going to give up my lifestyle or cut back on my coffee for a bunch of people who seem to have no idea and are clueless as to what the hell they are doing here on earth. All they seem to know how to do is to breed and breed some more. That is their big problem, and some thing you seem to want to ignore. We prosper here in Canada because we work for our prosper, and people do not have 5 - 10 children anymore like they once did in Canada over a hundred years ago. Canada cannot get out of it's debt if it just keeps borrowing money from the banksters(who then make plenty of interest off that borrowed money)and given most of that money away to foreigners. If you want to feel sorry for the rest of the world, and their problems, well then, use your own money to help save them, and leave my tax dollars alone. Your liberal socialism is really showing. ;)

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