What to do with surpluses?
- Thread starter Tonington
- Start date
That's not realistic. It should be a goal but either taxes would have to go way up to do it reasonably quickly or it would take too long. There will be other pressing issues that will have to be dealt with. Like Walter, your idea is too simplistic
as far as surpluses go . We're coming up to another federal election and Harpo is scared of Trudeau and the NDP.
so I see this talke of a surplus , is merely a vote buying ploy to try to regain a majority government.
And a way to try to deflect from the scandals.
so I see this talke of a surplus , is merely a vote buying ploy to try to regain a majority government.
And a way to try to deflect from the scandals.
It's not a short term achievement by any means. However, application of surplus cash towards that debt has a positive and compunding effect.
Less debt translates into less interest and over time, that results in tax relief, capacity to expand gvt services (as necessary), etc.
Not recognizing the debt component is no different than living on borrowed time
I don't disagree. I'm saying that the focus can not be on debt reduction at the expense of other more pressing issues
Harper is not a fiscal Conservative, his government failed miserably when it comes to money and how things cost versus the real cost.... F 35 prime example.
Paul Martin was a better conservative than Harper. Harpers a better social conservative
Maybe so but he also stole from the IU coffers, which is not the governments money btw.
Petros and I talk to each other in terms WE can understand. Short and to the point.
I disagree and that child in the other thread is precisely why. The most irresponsible spending anyone can do is leaking our money out to those undeserving such as Duffy and other political crooks. The sick, the old, the poor and the needy are not irresponsible spending.
Yes and no. Get rid of the political crooks. The child you refer to didn't die because of lack of funds and it's a problem you could throw money at until "the cows come home". If I remember correctly that child was school age, if he wasn't in school someone should have been questioning "why not" and if he was in school his condition would have been observed before it reached dire proportions.
Using debt to fund social services is a very costly idea. Crooks like Mac Harb or Duffy squandering a few hundred thousand is a pittance compared to the billions needed for social services.
That doesn't mean that we give them a pass, but you have to keep your eye on the big picture
Exactly.
Funding the social programs via debt only pushes a far larger burden onto the next generations... At some point, there is such a large debt that those that rely on society to live are sh*t outta luck cause the Federal cupboards are bare and no one will loan you (read: the nation) any more money.
Greece, Spain, Italy and Ireland are in that position now.
You are preaching to the choir here CM
I know... Guess that I just like the sound of my own voice LOL