Quote: Originally Posted by Twin_Moose View Post
Why Trudeau should be more humble about his credit rating brag
I see you missed the ending of the article you posted....................
"What voters need to know about deficits and the debt, CBC News; Canada's credit rating should ease worries about federal deficits, Trudeau says, Globe and Mail; Fitch warns Canada's debt close to level incompatible with 'AAA' status, Bloomberg; Fitch Affirms Canada's Ratings at 'AAA'; Outlook Stable, Fitch Ratings, DBRS Confirms Government of Canada at AAA Stable, DBRS; Debt-to-income picture improved slightly in 2nd quarter, CBC News, Remaining countries with AAA credit ratings, NBC News; United States loses prized AAA credit rating from S&P, Reuters, The Credit Rating Controversy, The Council on Foreign Relations."
I notice you also missed the end of the article by Twin_Moose
Zero debts or deficts is not what is needed or wanted in any economy. It is all about spending the taxes on what the country wants or needs. It is about balance and needs. It is also about spending sensibly and pay back in a reasonable time frame.
Any good housewife will tell you that.