Trudeau Is Going To Bury Us In Debt

[OmegaOm]

What is debt? or what is the economy. IT is just a man made thing. The real world works and does not need it.
We owe money? Too who? Well screw you, we are not paying. There you go no debt.

Since Canada has pretty much a plentiful supply of most resources. All Canadians have to do. IS build our own supply of everything our 35 million people need too survive. We can do it if we start working on it. Same as an indian tribe taking care of itself.

Point is, we do not need the complexity and stupidity of a capitalistic business system. WE just have to supply ourselves what we need.

The economy, debt, is all a man made illusion.

 

[Decapoda]

lol outside of a war or a recession.

that's rich

What's really rich is the fact that you can't seem to figure out that the article was written in May, when the assumption was that lil' spud was going to try and actually stick to his promise of deficits averaging 8 billion a year till 2019 when we would return to surplus. Obviously that was an outright lie and we are now looking at at around 20 billion a year with absolutely zero chance at balancing in 2019. This will undoubtedly put junior well over the line for the record of highest per person spending in history in or outside of war of recession...period!

But don't let facts ruin your delusion. Rich indeed!

 

[JLM]

What is debt? or what is the economy. IT is just a man made thing. The real world works and does not need it.
We owe money? Too who? Well screw you, we are not paying. There you go no debt.

Since Canada has pretty much a plentiful supply of most resources. All Canadians have to do. IS build our own supply of everything our 35 million people need too survive. We can do it if we start working on it. Same as an indian tribe taking care of itself.

Point is, we do not need the complexity and stupidity of a capitalistic business system. WE just have to supply ourselves what we need.

The economy, debt, is all a man made illusion.

Poor vision and bad attitude! 100 years ago you'd be languishing in Debtors' Prison!

 

[Hoid]

What's really rich is the fact that you can't seem to figure out that the article was written in May, when the assumption was that lil' spud was going to try and actually stick to his promise of deficits averaging 8 billion a year till 2019 when we would return to surplus. Obviously that was an outright lie and we are now looking at at around 20 billion a year with absolutely zero chance at balancing in 2019. This will undoubtedly put junior well over the line for the record of highest per person spending in history in or outside of war of recession...period!

But don't let facts ruin your delusion. Rich indeed!

the source of your news is the Sun.

You are fake news.

 

[Decapoda]

the source of your news is the Sun.

You are fake news.

Brilliant response. Of course, you're wrong again.

Recheck the link genius, source: Financial Post.

 

[Hoid]

how about explaining why deficit financing ao bad when everyone does it, fake news

btw the link takes me to an ottawa sun story

even your links are fake

 

[pgs]

how about explaining why deficit financing ao bad when everyone does it, fake news

btw the link takes me to an ottawa sun story

even your links are fake

Picking you're nose and chewing it chewing it everyone is doing it doing it .

 

[Decapoda]

how about explaining why deficit financing ao bad when everyone does it, fake news

btw the link takes me to an ottawa sun story

even your links are fake

Maybe get an adult to help you if you're having trouble.

Trudeau = largest spending in history = not Conservative.

The Trudeau Liberals make history for the highest per person spending outside a war or recession | Financial Post

 

[Hoid]

Maybe get an adult to help you if you're having trouble.

wants to validate a fake news story - links to the Fraser Institute

you are this close to the ignore list, fake news.

How does Trudeau adding to an already enormous debt load the worst thing that has ever happened?

its a simple question. maybe try to answer it.

 

[OpposingDigit]

I suspect that Health Care is calculated into the GDP numbers. Thus; we should not be surprised that as the baby boomers reach 65-70 years of age, that there is more financial activity in the Health Care sectors and GDP numbers rise.

In Britain, Heroin and Prostitution is calculated as part of GDP.

And, Free stuff from banks (Free Accounts) adds to GDP.

 

[captain morgan]

What is debt? or what is the economy. IT is just a man made thing. The real world works and does not need it.
We owe money? Too who? Well screw you, we are not paying. There you go no debt.

Since Canada has pretty much a plentiful supply of most resources. All Canadians have to do. IS build our own supply of everything our 35 million people need too survive. We can do it if we start working on it. Same as an indian tribe taking care of itself.

Point is, we do not need the complexity and stupidity of a capitalistic business system. WE just have to supply ourselves what we need.

The economy, debt, is all a man made illusion.

Debt is not an illusion, you are confusing hard currency as the illusion rather than the agreement made to trade X for Y. It doesn't matter if your debt is in dollars or in the number of chickens you are trading for wheat from the neighbour.... Reneg on your arrangement and you'll soon find that your life in a communal utopia turn into a nightmare when no one will trade with you

how about explaining why deficit financing ao bad when everyone does it, fake news

btw the link takes me to an ottawa sun story

even your links are fake

Ummmm, do you understand the ramifications on your debt levels if you perpetually run operating deficits?

 

[pgs]

wants to validate a fake news story - links to the Fraser Institute

you are this close to the ignore list, fake news.

How does Trudeau adding to an already enormous debt load the worst thing that has ever happened?

its a simple question. maybe try to answer it.

What is your problem with the Fraser Institute ?

 

[Decapoda]

wants to validate a fake news story - links to the Fraser Institute

you are this close to the ignore list, fake news.

Promise??

How does Trudeau adding to an already enormous debt load the worst thing that has ever happened?

its a simple question. maybe try to answer it.

Just the interest on government debt now equals $7,000 a year for a Canadian family of four: Fraser Institute | Financial Post

Finance Department report says the federal debt could double to $1.5 trillion by 2050-51

Decades of deficits could be ahead for Canada, federal analysis warns - Politics - CBC News

If you can't figure out why 1.5 trillion in debt is worse than 650 Billion then I'm afraid any explanation offered won't be of any help to you. Just keep thinking happy thoughts and feeding that delusion.

 

[Vbeacher]

how about explaining why deficit financing ao bad when everyone does it, fake news

In a democracy, wherein very few of the political class have vision, charisma or leadership skills, it's always easier to get people to do things they like - to offer them stuff for free. That is why 'everyone does it'. Western politicians believe that making people pay for what services the government offers might deter them from voting in their favour. So they borrow the money instead. This is doable but only for so long, as the Greeks found out.

For the last some years conditions have been ideal for borrowing, with very low interest rates. But now no one has the courage to say 'enough', or the leadership skills to persuade the citizenry - a big chunk of whom pay no income tax anyway - that they must cut back on spending. Interest rates are rising, though.

Quick question. What happens to your budget if you're running a deficit in boom years when the boom years go bust, as they inevitably will? Riiiight. That $20 billion deficit suddenly becomes a $50 billion deficit, or a $70 billion deficit, as government revenues dwindle. And as interest rates rise the money which needs to go to paying that interest grows year by year by year by year. Hell, if we had no debt we'd have no deficit. We're paying about $30 billion just on the interest on that debt. I say 'about' because the number keeps rising. So what happens when interest rates double, as they will? And what happens when this comes in the midst of a massive employment restructuring crisis caused by automation which eliminates the jobs of millions of Canadians?

 

[Retired_Can_Soldier]

What is debt? or what is the economy. IT is just a man made thing. The real world works and does not need it.
We owe money? Too who? Well screw you, we are not paying. There you go no debt.

Since Canada has pretty much a plentiful supply of most resources. All Canadians have to do. IS build our own supply of everything our 35 million people need too survive. We can do it if we start working on it. Same as an indian tribe taking care of itself.

Point is, we do not need the complexity and stupidity of a capitalistic business system. WE just have to supply ourselves what we need.

The economy, debt, is all a man made illusion.

There goes the next leadership candidate for the Liberal Party.

 

[Danbones]

Damn..so that's the DEBT truck with the hose on it coming down the street?

Shhheesh! For a moment there I was afraid we were being buried in fertilizer..

 

[JLM]

What is your problem with the Fraser Institute ?

Let me guess! It's too Right wing (whatever that is)

 

[OmegaOm]

Every country is in debt. To what. The banks I guess. Who owns the banks. I guess its not the countries.
So the banks control all the countries. And every country is in debt to the banks.

This capitalism crap is an outdated, illogical, primitive system.

If every country is in debt. Why not all the countries agree to say cancel every bodies debt right now, and screw the banks. Lets all get together and work to make everybody in the world happy. Instead of all the corporations competing against one another destroying the planet in the process.

The above is of course unrealistic.
But capitalism is actually destroying our world.

I do envision a society like imagined in Star Trek, where there is no money, everybody's goal is just to better themselves and our way of life. All are taken care of and there is no poor. We can do that if we stop competing with one another like in capitalism and start getting along and working together.



And do not worry about Trudeau'a debt. The carbon tax is his way to pay it off. Or some of it anyway. Cause we will always be in debt no matter what.

 

[Decapoda]

In a democracy, wherein very few of the political class have vision, charisma or leadership skills, it's always easier to get people to do things they like - to offer them stuff for free. That is why 'everyone does it'. Western politicians believe that making people pay for what services the government offers might deter them from voting in their favour. So they borrow the money instead. This is doable but only for so long, as the Greeks found out.

Trudeau ran on a platform of modest short-term deficit spending to pay for infrastructure. What we got is massive, perpetual deficit spending and...what?? Where's the infrastructure? Where's the "free stuff"??

Canadians were fed a bunch of bullshit to pay for expensive personal vacations, billions in charitable donations to third-world countries to fight global warming, and multi-million dollar terrorist payoffs. He is giving this entire country the finger.


Justin Trudeau says Liberals plan 3 years of deficits to push infrastructure

Quick question. What happens to your budget if you're running a deficit in boom years when the boom years go bust, as they inevitably will?

Smug, arrogant clueless idealists like Trudeau don't bother concerning themselves with messy questions like that. If something happens, someone will tell him, remember?

 

[Hoid]

its ok to run deficits as long as you spend on infrastructure.

thats why they were ok with harper spending so much.