Quote: Originally Posted by Tecumsehsbones
Tell Mom. I'm sure that she loves you, despite your many and glaring flaws.
Are you not late for your shift at the illegal smoke shack?
Here is an article that asks a rhetorical question we should all know the answer to-along with some comments of my own in brackets):
Is Canada on deficit-paved path to debt crisis?
By Antonella Artuso, Toronto Sun. First posted: Tuesday, February 07, 2017 07:34 AM EST | Updated: Tuesday, February 07, 2017 07:37 AM EST
Lakehead University Economics Professor Livio Di Matteo, author of the Fraser Institute report A Federal Fiscal History, said he looked at Canada’s history of deficits and debt for the country’s 150th birthday.
It turns out the country has been in the red for about 75% of that time.
“On average, the country spends more than it takes in,” Di Matteo said.
(In earlier times-this deficit spending met with Keynsian economic logic-new railways, improved harbours and new canals and such encouraged trade and brought in MORE govt revenue in the long run to pay for more expansion. But now govt is borrowing money simply to provide civil service Hogs with more gravy-with NO long term improvement in govt fiscal situation-in fact its harming us with long term debt and discouraging businesses to set up here due to soaring taxes so we don’t get any new jobs and the old jobs have frozen wages, reduced hours and etc- meaning No current modern way to pay off our ever increasing debts! And as interest payments and taxes eat into Hog incomes, there is ever greater pressure on govt to provide them with MORE GRAVY! )
But the only other time that the federal government ran up a significant stretch of annual deficits — with the exception of wars and economic calamities — was during the Liberal Lester Pearson and Pierre Trudeau governments of the 1960s and 1970s, he said.
Like today, interest rates were relatively low but the level of debt quickly became a crisis when rates later spiked, forcing deep public spending cuts in the 1990s, Di Matteo said.
The Justin Trudeau government is clocking a $29.4-billion deficit in 2016-17.
“The finance department has already projected that there could be deficits continuously all the way to 2051,” he said. “Right now, even though the debt-to-GDP ratio looks quite reasonable and the deficit as a share of GDP looks small, a lot of it is under assumptions of continued relatively low interest rates.”
(LIE-beral govt lives in daily TERROR of high interest rates and deflation-both of which will prove that govt has created a fiscal house of cards that will collapse at the first major economic strain!)
Just a few percentage points on the approximately $750 billion in federal debt would quickly drive up how much the country owes, he said.
The Pearson-Trudeau deficits ran for 27 years consecutively — the most in the country’s history — with Trudeau leaving office in 1984 without ever having balanced the books, Di Matteo added.
(With LIE-beral prime minister Chretien “solving” the debt crisis by dumping his troubles on the provinces! Ontari-owe being worst case with federal health funding transfers dropping from 53 percent of the total to 17 percent and leaving a BIG debt hole for Ontari-owe to fill!)
“They were then followed by the longest ever string of surpluses and that was only 11 years — 1997-2007,” he said.
(And those surpluses were driven by oil tax revenue charged on record priced $140.00 a barrel oil-and that ain’t available to us any more with oil now at such low prices. And of course there is the environmental issue as well-it would be nice to save our climate by reducing carbon emissions and that will also ensure lower oil prices if we use less of it! LIE-berals are caught between their fabulously costly promises to Hogs and the need to both reduce debt and save the environment! )
(To complicate matters even more-its is Hogs and members of the Sunshine List who are most likely to fly in filthy airplanes with their monstrous carbon output- traveling by plane is the DIRTIEST WAY to go! It is environmentally more sound to drive an SUV to Florida than to fly there! Hogs are also most likely to have summer homes and an array of gas guzzling toys-weaning such greedy Hogs away from their oil rich life style will NOT BE EASY-especially when LIE-berals absolutely DEPEND on the support of such Hogs to remain in power!)
(The environment cannot be saved by picking on poor people who already have the smallest carbon footprint. We need hot water to wash in and we must heat our homes. Our work place needs lights and heat as well. People living in smaller cities and towns with no public transit MUST continue to drive to work etc. There is a point below which we simply CANNOT shrink our carbon footprint further. But there IS discretionary use of oil that CAN be reduced-riding lawn mowers, recreational flights on planes, huge motorboats that travel at huge gas guzzling speeds and take many hundreds of liters for a single fill up.)
(To save our environment and reduce our debts we MUST make hard choices about what we really can afford and must have-and the first thing that ought to go is more gravy for Hogs so they will be compelled to live like the rest of us-they will drive smaller more fuel efficient cars and will drive them less often, will buy smaller easier to heat houses and they must be made to re-consider how often they use those gas guzzling toys!)
In the country’s early years, the government ran up debt to ensure the transcontinental CPR railway connected a new nation, he said.
Government spending also ramped for the two world wars and during depressions and recessions, he added.
“Those were situations where I suppose you could understand it,” Di Matteo said.
(Keynsian economics is quite logical about different spending during good times and bad-too bad our LIE-berals only like HALF of that policy- LIE-berals have heeded the parts about govt spending but have IGNORED anything to do with govt savings and controlling debt and now the bills are coming due-and it will be LIE-berals and Hogs that we should look to for PAYMENT! You caused it so YOU clean it up!)
The Canadian economy is experiencing low growth but is not in recession, yet Trudeau has no foreseeable plan to balance the books, he said.
“My question is how you can plan for a scenario where you basically want to run deficits steadily for the next 30 or 40 years,” Di Matteo said. “I really found that a bit disturbing.”
(For Our idiot Boy Justin- HIS big picture involves destroying what his odious father called “Cdn Imperialism”. The Trudopes want to ruin western capitalism and democracy and they see bankruptcy as the best way to remake western civilization in their own selfish image!)
Quote: Originally Posted by Tecumsehsbones
Tell Mom. I'm sure that she loves you, despite your many and glaring flaws.
Here is an article illustrating yet again why Trump is hitting at Cdn trade in an effort to goad Our idiot Boy Justin into making some honest efforts to secure Canada against terror. With some comments of my own in brackets):
North Korea now a problem for Canada too
By Anthony Furey, Postmedia Network. First posted: Monday, April 17, 2017 01:20 PM EDT | Updated: Monday, April 17, 2017 01:24 PM EDT
In what military experts say appears to be a North Korean KN-08 Intercontinental Ballistic Missile (ICMB) is paraded across Kim Il Sung Square during a military parade on Saturday, April 15, 2017, in Pyongyang, North Korea to celebrate the 105th birth anniversary of Kim Il Sung, the country's late founder and grandfather of current ruler Kim Jong Un.
Vice-President Mike Pence warns North Korea ’era of strategic patience is over’
Over the weekend, North Korea signalled to the world that they may be in possession of missiles capable of striking the United States and, in turn, Canada.
There is no downplaying the seriousness of the current situation. Two intercontinental ballistic missiles -ICBMs- were on show Saturday during a military parade for the anniversary of the birth 105 years ago of the rogue state’s founder, Kim Il Sung.
Although by the time Monday rolled around, the news cycle had turned to focus on what happened the day after the parade, when North Korea attempted to launch a missile.
“North Korea missile test fails after militaristic parade,” was the headline one news site placed above their Reuters story detailing the failed launch.
Don’t let that word “failed” make you think the issue is any less urgent. Sure, a successful launch would have been even more troubling news. But for all of North Korea’s failures and for all of their theatrical rhetoric, when they move two steps back it’s only after moving three steps forward. They are without a doubt making progress on becoming a nuclear state that can seriously harm the West.
The ICBMs are a problem because they are exactly what they sound like — missiles that can travel across continents. While different ICBMs have different ranges, most of the models on the market can travel from North Korea to major cities including Washington, D.C., New York City, Ottawa and Toronto.
Due to the scarcity of credible information coming out of the hermit kingdom, it’s unknown what actually was in those ICBM canisters on parade. Maybe they have the missiles. Maybe they don’t. But based on the severity of the issue, we need to include the worst case scenario in our threat assessments.
The second big issue is their nuclear capabilities. The ICBM may be able to make it over, but it won’t cause harm if it’s not loaded with a weapon.
(But they Are working on bomb production too aren’t they!)
North Korea’s nuclear program has increased in the frequency of launches and the size of kiloton yields under Kim Jong Un’s leadership. Seismic readings from the most recent tests last year indicate they are experimenting with explosions about the same size as those detonated on Japan during the Second World War.
(Atomic bombs have a fraction of the power of Hydrogen bombs but a primitive atomic bomb will still ruin your lunch! And there is no guarantee that mushroom head Kim wont get a Hydrogen bomb in future! He is persistent enough.)
While the various failed launches tell us that North Korea’s weapons are far from stable, the regime may not wait until they feel they’ve perfected their approach to perform an actual launch against a live target. After all, the United States only conducted the Trinity test — the first ever nuclear detonation — two weeks before dropping the bomb on Nagasaki on Aug. 9, 1945.
The other alarming scenario is that North Korea may be planning to launch an electromagnetic pulse over the United States. This is an atmospheric detonation that creates a waveform that destroys most electrical components within its line of sight. If it’s launched high enough in the sky, it can take down the U.S. electricity grid, which in turn shuts off the clean water supply, transportation networks, regional food terminals, and more. Due to how integrated our systems are, this would disable the Canadian grid too.
I write about this issue in depth in my forthcoming book, “Pulse Attack: The Real Story Behind The Secret Weapon That Can Destroy North America.”
The implications of a nuclear-capable North Korea is an existential threat not just to our neighbours in the south, but to Canada as well. The issue has to be front of mind for our political leadership.
afurey at postmedia
(And of course Our idiot Boy Justin sees nothing wrong with phoning up Washington and letting it be known HE WILL NOT be buying any Yankee anti missile shielding-Our idiot Boy will expect Yankees to fill OUR security gaps!)
(On a related theme-Trump is trying to secure North America from terror attacks from various sources and Our idiot Boy keeps screwing him over it and putting OUR security at risk! When Trump took office, he spoke to Our idiot Boy and reminded him of our NATO commitments-the ones we ARE NOT HONOURING due to our minuscule defense spending budget. Our idiot Boy responded by shrinking our defense budget to RECORD LOW level-AND Our idiot Boy has thrown open the border to asylum seekers with NO EFFORT to determine what sort of security risk these people may present. In future!)
(Trump is trying to shut his borders to terrorists and Our idiot Boy is forcing the borders OPEN by letting Canada become the side door entry to United States for trouble makers- AND while doing so, Our idiot Boy is whining about Trump hurting trade! Either we are on side working honestly with North American security or we are outside the wire and our trade AND OUR SAFETY will suffer!)
(We CAN establish full North American security WITHOUT slavishly following Yankee international policies on other continents. That LIE-berals refuse to recognize or admit this is a damning indictment of their twisted anti western values! LIE-beral hatred of Yankee neighbours is so great they would rather see us run over by heavy trucks or die screaming as Via trains crash off the Highland Creek Bridge than be caught cooperating with Yankees in any real way!)