XPOFAN
New member
I thought you said you don't like him anymore
OT: Politics & News... Have at it.
- Thread starter lapin
- Start date
I thought you said you don't like him anymore
I don't.
BKerr
Banned
Sure, i figure the next 18-24 months will be great... lower taxes, more services, more payments to families... its gonna be sunshine and rainbows.
Once the interest payments in our budgets start ballooning due to $10 billion per year being added to the national debt... its gonna 10 plus years of pain (no matter who is in power) as the move to cut the deficit and then start paying down some of that debt.
You play house or soccer, rent movies and go camping
30 billion debt in a 2 trillion economy is nothing
BKerr
Banned
30 billion in ADDITIONAL debt... not 30 billion debt.
Our federal debt is over 600 billion right now.
Our govt debt (federal + provinces) is 1.2 trillion right now or close to $40,000 per person in this country.
"In 2013/14, interest payments on the federal debt totalled $29.3 billion, which roughly equals the $29.9 billion collected in GST revenue for the same period
http://www.huffingtonpost.ca/sean-speer/government-interest-payments_b_5698294.html
Increasing the debt by 10 billion a year, is going to increase those interest payments, meaning there will be less money to spend in future budgets.
Debt to GDP ratios are the lowest in the western world.
Most western democracies are headed, in the long-term, to where Spain and Greece already are. The welfare state is not a sustainable model . . . . unless you're willing to pay 80% in taxes, and then tax everyone, not just the half of the country that actually pays taxes.
BKerr
Banned
Since when are Germany, Austria, Netherlands, Finland, Denmark, Switzerland, Czech Republic, Slovakia, Sweden, and Norway (Among others this is just a partial list), not part of the western world? All of their Debt to GDP ratios are lower than Canada.
CH1
The Artist Formerly Known as chiggins.
you have too much stuff
seriously, how much dough you need depends where you live
moreover, middle class is a relatively a new idea. started in the 50s, probably died in the 80s
We already have austerity in Quebec from years of over spending and corruption. Canada will feel it eventually, but now it seems no one gives a fk about the future.
CH1
The Artist Formerly Known as chiggins.
Burn is there to keep her from not roaming too far away from the centre-left. he's doing his job pretty well and shining a light on wall street excess
CH1
The Artist Formerly Known as chiggins.
true...all she does is pivot... really bad at hiding it too
still, politics are better with a plurality of voices competing for space
meanwhile on the right, Paul Ryan is considered too left for the GOP
And I see, Rubio is coming out against biotech pharma price gouging. time to sell all your biotech stocks.
I laughed that Paul Ryan is apparently considering the Speaker job if he can get some consensus from his own GOP House members that they support his rule, this after a few of them have very publically objected to him getting the job and others who say he is "okay" but you just know they will go against anything he tries to do that moves the country forward with Democrats.
I said after the 2012 election when the GOP was asking themselves WTF happened that they could lose to Obama a 2nd time that the party had to have its civil war and split in two so that the Tea Party crashers could be isolated to a desert island while the old guard GOP supporters rebuilt the party back into something that most of the country recognized again. Instead you have 2012 looking to repeat itself and allowing a flawed candidate like Hillary to walk through the White House door for another 4 years.
I said after the 2012 election when the GOP was asking themselves WTF happened that they could lose to Obama a 2nd time that the party had to have its civil war and split in two so that the Tea Party crashers could be isolated to a desert island while the old guard GOP supporters rebuilt the party back into something that most of the country recognized again. Instead you have 2012 looking to repeat itself and allowing a flawed candidate like Hillary to walk through the White House door for another 4 years.
They are just happier
Not sure why Kerr is whining about 10 billion a year given what was added to the debt since 2006.
