Canada’s $1.1-trillion debt is shockingly high – it threatens all that we value

[The_Foxer]

Opinion: Canada’s $1.1-trillion debt is shockingly high – it threatens all that we value

We need to make difficult decisions now to prevent high inflation and a slowing economy

www.theglobeandmail.com

We saw this after the last trudeau. That wasn't nearly as bad as what we've got now and it still lead to massive stagflation, debt, and a decade of really weak growth and job opportunities for young people. The lack of investment lead to the beginnings of the current housing crisis.

Think about this - every single dollar borrowed by any gov't before now, every dollar borrowed by harper, or mulroney, or by the previous trudeau, or by every single prime minister that came before.... every single dollar borrowed - trudeau has borrowed that much combined and then some. He has more than doubled our entire national debt.

And there's still three years to go. When the hell are people going to wake up to what a disaster he is.

 

[pgs]

My mom was a liberal , my dad was a liberal all my grandparents were liberal and I am liberal dammit . Why do I need to do politics the hockey game is on .

 

[The_Foxer]

My mom was a liberal , my dad was a liberal all my grandparents were liberal and I am liberal dammit . Why do I need to do politics the hockey game is on .

sadly not without merit - but hopefully they'll reconsider when they can't afford beer or popcorn for the game

 

[Jinentonix]

Duhhh dont worry. Bujets balance demselfs.

 

[The_Foxer]

Duhhh dont worry. Bujets balance demselfs.

I think he believes that if the debt gets high enough the counter goes past the max and just cycles back to zero again.

 

[Ron in Regina]

I think he believes that if the debt gets high enough the counter goes past the max and just cycles back to zero again.

Odometers don’t flip anymore. Too much room for abuse I’m told. You can’t turn them backwards or you break a one-way plastic gear (analog odometers), but you use to be able to spin them forwards….

Now they’re digital, & when they hit 999,999.9kms they just stop (and the tripometer gets confused and just stops too). Had it happen, recently, to this:

It’s only a 2015, but hit (almost) a million & quit. For $1500 Dodge would install a new gauge cluster. Took 3 weeks of haunting to get it complimentary…not our fault the manufacturer didn’t expect someone to get this many KM’s (so far) out’a one of their products.

Ya’ learn something new (or old) everyday…& like odometers (both analog and digital now)….well, you know.

 

[The_Foxer]

Now they’re digital, & when they hit 999,999.9kms they just stop

With justin at the helm, we better hope this is how our debt works....

 

[spaminator]

quadrillion here we come.

 

[bob the dog]

From April 2022,

"Payments on the interest of Canada’s national debt will grow to $42.9 billion per year by fiscal year 2026-27, according to the budget released on Thursday".

$75 million daily interest charges and politicians in the top 1% of all earners.

Don't worry, be happy.

 

[Taxslave2]

Odometers don’t flip anymore. Too much room for abuse I’m told. You can’t turn them backwards or you break a one-way plastic gear (analog odometers), but you use to be able to spin them forwards….

Now they’re digital, & when they hit 999,999.9kms they just stop (and the tripometer gets confused and just stops too). Had it happen, recently, to this:
View attachment 16658
It’s only a 2015, but hit (almost) a million & quit. For $1500 Dodge would install a new gauge cluster. Took 3 weeks of haunting to get it complimentary…not our fault the manufacturer didn’t expect someone to get this many KM’s (so far) out’a one of their products.

Ya’ learn something new (or old) everyday…& like odometers (both analog and digital now)….well, you know.

That means the manufacturer has the same faith in their vehicles as the rest of us.

 

[Dixie Cup]

https://twitter.com/i/web/status/1637308252642787328

This explains everything!!

 

[55Mercury]

quadrillion here we come.

problem with numbers that large are when a simple decimal place error can cost billions.

so count on lots of them!

 

[bob the dog]

I wonder if part of running the stock market down is to keep people from retiring. Holdings are 15% of where they were two years ago.

To think they used to be able to talk a person in to borrowing money to save for the future.

 

[petros]

I wonder if part of running the stock market down is to keep people from retiring. Holdings are 15% of where they were two years ago.

To think they used to be able to talk a person in to borrowing money to save for the future.

Months ago Freeland clearly stated she was going to "unlock peoples saving to kickstart the economy".

 

[bob the dog]

Months ago Freeland clearly stated she was going to "unlock peoples saving to kickstart the economy".

Impossible to lose shorting the market when everything is at 10% of it's book value. If I was a desperate Russian oligarch that is the game I am playing.

There are no savings left. Those with public sector pensions will be more than fine.

 

[petros]

Impossible to lose shorting the market when everything is at 10% of it's book value. If I was a desperate Russian oligarch that is the game I am playing.

There are no savings left. Those with public sector pensions will be more than fine.

Thats the point, it allows companies to buy back their own shares. These asset boosts make it easier to raise capital to expand. Its a Corporate bail out using your money without stirring leftist hate against Evil Corp LLC.