The Cost of Government Debt in Canada, 2016
- Thread starter Locutus
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Neat numbers shuffling and well....look at it this way? it's not so bad?.....needless to say the government of Canada has paid over a trillion dollars in interest so far
Read on if you dare without saying nah nah nah I don't want to hear this.
Liberate the Bank of Canada, Intrepid Think Tank Urges | The Tyee
Bar Sinister, true to the abbreviation of his/her name is conveniently changing the metrics to suit their position.... Doesn't include the unfunded liabilities or long term debt commitments of Trudeau Sr (only the dollar figure at the moment he stepped aside).
Kinda like telling your wife that the credit card balance is only $100 as per the last statement, but conveniently forgetting to mention that you recently bought new furniture for the house earlier that day. But seeing how it ain't due at that moment, well, I suppose that it doesn't really count
Kinda like telling your wife that the credit card balance is only $100 as per the last statement, but conveniently forgetting to mention that you recently bought new furniture for the house earlier that day. But seeing how it ain't due at that moment, well, I suppose that it doesn't really count
I think Canadian's would be shocked if they tallied up all of their taxes for a year. I'm not just talking about the obvious ones, like personal income and property tax , but all of them.
PST, GST,
The hidden taxes on sin, electronics, landfill, environmental, gas taxes, etc.
Land transfer, probate,
I couldn't even list them all here, because I know there are are taxes built into the system that I, like many Canadians, am probably unaware of.
And the end result. The government on all levels keeps coming back with their hat and says not enough, we need more.
PST, GST,
The hidden taxes on sin, electronics, landfill, environmental, gas taxes, etc.
Land transfer, probate,
I couldn't even list them all here, because I know there are are taxes built into the system that I, like many Canadians, am probably unaware of.
And the end result. The government on all levels keeps coming back with their hat and says not enough, we need more.
So what? My point was that the current government debt has very little to do with previous Liberal governments. It was the PCs and their more right wing Conservative successors who added the greatest amount to it. If Trudeau senior's original debt had simply been left alone it would be pretty much nonexistent by now. As for your reference it says nothing to contradict my point. In fact it reinforces it in that the article is aimed squarely at the policies of the Harper government; the government that doubled Canada's debt to GDP ratio in just ten years.
Really? The national debt under Trudeau rose to about $160 billion. It was the right wing governments of Mulroney and Harper who kept on increasing it. You might want to try giving credit where credit is due instead of attempting to obfuscate the issue. But then again that is what neocons do don't they? Actually dealing with real facts gets in the way of your bafflegab.