Is there only nine ?https://www.nationalobserver.com/20...id-things-harper-government-spent-tax-dollars
9 stupid things that Harper government spent tax money on
Is there only nine ?https://www.nationalobserver.com/20...id-things-harper-government-spent-tax-dollars
9 stupid things that Harper government spent tax money on
Of course room service orange juice is brought up . You will post that as a critical waste of money after four years of Trudeau flying around on his private challenger courtesy of the Canadian taxpayer . Yikes you people always bemoan the lack of women in politics , yet are fine with a hard working minority woman getting drummed out of politics for the unmitigated gall of ordering room service prior to meetings in a foreign capital . In one of the most expensive cities in the world at that .https://www.nationalobserver.com/20...id-things-harper-government-spent-tax-dollars
9 stupid things that Harper government spent tax money on
Of course room service orange juice is brought up . You will post that as a critical waste of money after four years of Trudeau flying around on his private challenger courtesy of the Canadian taxpayer .
Canada has a good credit rating compared to many nations, What Canada owes is our mortgage!! Practicing austerity for no reason except to pay off a debt which is already being taken care of, will simply put us in a recession We then need to borrow more again probably at a higher rate of interest in order to kick start the economy. It is usually the middle class that is hit the hardest and when they stop buying the tax revenue base disappearsThe difference between you and the government of Canada , you got a mortgage and worked to pay it off . You didn’t spend your accumulated equity every year . The government of Canada is enlarging our collective mortgage on a daily basis with no plan to pay it down . As a matter of fact we are adding billions with a B every year onto our mortgage . You can explain to your grandchildren why Canada couldn’t or wouldn’t balance its spending leaving them with an impossible tax burden .
Canada has a good credit rating compared to many nations, What Canada owes is our mortgage!! Practicing austerity for no reason except to pay off a debt which is already being taken care of, will simply put us in a recession We then need to borrow more again probably at a higher rate of interest in order to kick start the economy. It is usually the middle class that is hit the hardest and when they stop buying the tax revenue base disappears
The trickle down effect no longer works because most large corporations do not pay their fair share. Those who should be paying the largeest taxes can transfer money off shore. Many times the whole business goes as well.
That is where balance makes a difference
Our mortgage is getting larger year over year . It can never be paid if it keeps growing .Canada has a good credit rating compared to many nations, What Canada owes is our mortgage!! Practicing austerity for no reason except to pay off a debt which is already being taken care of, will simply put us in a recession We then need to borrow more again probably at a higher rate of interest in order to kick start the economy. It is usually the middle class that is hit the hardest and when they stop buying the tax revenue base disappears
The trickle down effect no longer works because most large corporations do not pay their fair share. Those who should be paying the largeest taxes can transfer money off shore. Many times the whole business goes as well.
That is where balance makes a difference
The stats completely contradicts a lot of the beliefs of most of those posting here.Bullshit!
We wouldn't have National debt if it wasn't for Trudeau senior.
At that time it seems that Prime Minister Pierre Trudeau came under the influence of neoliberalism, promulgated by Frederich Hayek and Milton Friedman. Then, while attending the Basil Committee sessions, he probably came under further influence of fellow Bilderberg attendees and as a result he accepted the partisan flawed logic from the world’s top banks. Apparently on the basis of this, he decided that Canada should dramatically reduce borrowing interest-free money from Canada’s own bank and instead borrow the bulk of its money from chartered banks and pay interest on the loans. It appears that this decision was made without informing Canada’s parliament. This was such a fundamental change of policy that it should not only have been debated in parliament, this should have been put to a national referendum. Strangely, even when this became known, this was apparently never questioned by the opposition parties, especially the NDP, and never revealed in the media. Strange indeed.
Since the Coyne affair in the early 60s, the long-standing debate about the autonomy of the Bank of Canada from so-called government control has been ignored. Central banks around the world are supposed to be autonomous, concerned only with monetary policy while the governments are to be concerned with fiscal policy. What many elected representatives do not realize is that fiscal policy and monetary policy interact with each other and can supplement each other. This is acknowledged in the Bank of Canada Act where the Governor of the Bank of Canada and the Finance Minister must consult regularly with each other.
More
https://canadiandimension.com/artic...-reinstated-to-its-original-mandated-purposes
It's a long read.....but interesting if you dare......
Bullshit!
We wouldn't have National debt if it wasn't for Trudeau senior.
Je me souviens.Bullshit!
We wouldn't have National debt if it wasn't for Trudeau senior.
At that time it seems that Prime Minister Pierre Trudeau came under the influence of neoliberalism, promulgated by Frederich Hayek and Milton Friedman. Then, while attending the Basil Committee sessions, he probably came under further influence of fellow Bilderberg attendees and as a result he accepted the partisan flawed logic from the world’s top banks. Apparently on the basis of this, he decided that Canada should dramatically reduce borrowing interest-free money from Canada’s own bank and instead borrow the bulk of its money from chartered banks and pay interest on the loans. It appears that this decision was made without informing Canada’s parliament. This was such a fundamental change of policy that it should not only have been debated in parliament, this should have been put to a national referendum. Strangely, even when this became known, this was apparently never questioned by the opposition parties, especially the NDP, and never revealed in the media. Strange indeed.
Since the Coyne affair in the early 60s, the long-standing debate about the autonomy of the Bank of Canada from so-called government control has been ignored. Central banks around the world are supposed to be autonomous, concerned only with monetary policy while the governments are to be concerned with fiscal policy. What many elected representatives do not realize is that fiscal policy and monetary policy interact with each other and can supplement each other. This is acknowledged in the Bank of Canada Act where the Governor of the Bank of Canada and the Finance Minister must consult regularly with each other.
More
https://canadiandimension.com/artic...-reinstated-to-its-original-mandated-purposes
It's a long read.....but interesting if you dare......
"9 stupid things that Harper government spent tax money on"
I never realized Hoid and his wife had 7 kids.
The stats completely contradicts a lot of the beliefs of most of those posting here.
The national debt: Canada has the lowest debt burden in the Group of Seven. The weight of federal debt is not heavy and increasing; it’s light and shrinking. The debt-to-GDP ratio, a measure of the debt relative to the size of the economy as measured by gross domestic product, was low in 2015, and it’s gone down over the past four years.
At just 1 per cent of GDP, federal debt-service costs in 2018-19 were lower than at any time since at least the mid-1960s. Ottawa is currently spending less on debt servicing than during the Stephen Harper era.
In short, Ottawa does not have a debt crisis, or even a debt problem. The other parties are free to disagree with the Liberal government’s choices on other issues, but (we’re looking at you, Conservatives) don’t even try arguing that it’s dug Canada into a fiscal hole.
The deficit: On Tuesday, when Ottawa closed its books on 2018-19, it recorded a $14-billion deficit. How big is that gap between spending and revenues? Small enough that the debt-to-GDP ratio last year fell from 31.3 per cent to 30.9 per cent. That’s a level last hit in the Harper government’s pre-Great Recession years, and before that last seen when Pierre Trudeau was prime minister.
"9 stupid things that Harper government spent tax money on"
I never realized Hoid and his wife had 7 kids.
The stats completely contradicts a lot of the beliefs of most of those posting here.
The national debt: Canada has the lowest debt burden in the Group of Seven. The weight of federal debt is not heavy and increasing; it’s light and shrinking. The debt-to-GDP ratio, a measure of the debt relative to the size of the economy as measured by gross domestic product, was low in 2015, and it’s gone down over the past four years.
At just 1 per cent of GDP, federal debt-service costs in 2018-19 were lower than at any time since at least the mid-1960s. Ottawa is currently spending less on debt servicing than during the Stephen Harper era.
In short, Ottawa does not have a debt crisis, or even a debt problem. The other parties are free to disagree with the Liberal government’s choices on other issues, but (we’re looking at you, Conservatives) don’t even try arguing that it’s dug Canada into a fiscal hole.
The deficit: On Tuesday, when Ottawa closed its books on 2018-19, it recorded a $14-billion deficit. How big is that gap between spending and revenues? Small enough that the debt-to-GDP ratio last year fell from 31.3 per cent to 30.9 per cent. That’s a level last hit in the Harper government’s pre-Great Recession years, and before that last seen when Pierre Trudeau was prime minister.
https://www.google.ca/search?source...hUKEwidsqyx-7nlAhVSTd8KHXZxCXQQ4dUDCAc&uact=5To comprehend the size of the problem here in Canada, consider the fact that our federal government alone spends over $26 billion a year on interest payments. $26 Billion. The Canadian government spends more to simply maintain our current levels of debt each year than on our entire military budget.
Just more whataboutery.....
I was just pointing out that before Trudeau senior Canada was getting interest free loans from the Bank of Canada
https://www.google.ca/search?source...hUKEwidsqyx-7nlAhVSTd8KHXZxCXQQ4dUDCAc&uact=5
For the good of "People Kind". Can I wear Shoe Polish on Halloween ???