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07-12-2020, 05:59 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,239
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Canada's National Debt.
The National debt of Canada stood at just over $612 Billion dollars at the end of 2014-15.
Today, 5 years later, since JT became the PM, it is effectively double that. And I still think the $1.2 TRILLION estimate is light.
Think about that for a bit. JT and his Idiot Circus have DOUBLED the national debt, that had accumulated over 150 years and through two world wars....in five years. And he will say it is because of Covid 19. 'We took on debt so Canadians wouldn't have to'.
Think about that. Don't take into account the Ethics violations, and all the other embarrassing and hypocritical things that have happened in the last 5 years. And ask yourself, 'what should we do when he is re-elected, again, by Eastern Canadians'.
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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07-12-2020, 06:03 PM
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Join Date: Aug 2017
Posts: 220
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Same thing we always do .the Canada is good Canada is great cheerleaders come out and we say it’s better than such and such a country and that’s what happens
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07-12-2020, 06:32 PM
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Join Date: Feb 2017
Posts: 986
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Hospitals and the rest will be funded less because money has to go to pay the debt.
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07-12-2020, 06:41 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,239
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Some more numbers....about 8800 covid 19 deaths in Canada so far, 80% or so seniors with underlying medical conditions.
61,000 young Canadian lives lost in the First world War.
44,000 young Canadians died in the Second World War.
55,000 Canadians died during the Spanish Flu Pandemic.
And if you break those numbers down per capita, at those historical data points, it's quite a comparison to the current pandemic. For JT to be making comparisons to any of those more realistically critical points in our history, as a justification for the expenditures he has been making, is ludicrous. And posing as the Great Saviour of Canada is disgusting.
As I have said from day one, if a mere 2% off his Covid extravagance had been spent on senior care home facilities, and on the truly vulnerable, the other 98% wouldn't have to be spent.
Taking on debt so Canadians wouldn't have to....JFC!
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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07-12-2020, 07:33 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,239
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This is not even updated yet, so it's not nearly as terrifying as the reality...
https://www.debtclock.ca/
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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07-12-2020, 08:12 PM
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Join Date: Sep 2014
Location: McBride/Prince George
Posts: 14,579
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Sent from my iPhone using Tapatalk
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07-12-2020, 08:49 PM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,239
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Quote:
Originally Posted by Talking moose
Sent from my iPhone using Tapatalk
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Way to make it even worse. Kudos.....
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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07-12-2020, 09:12 PM
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Join Date: May 2007
Posts: 6,922
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Quote:
Originally Posted by Twisted Canuck
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They're lubing us up for when they bend us over to pay for it in increased taxes, which they won't put against the debt, instead they will use it to finance more debt.
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07-13-2020, 06:18 AM
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Join Date: Nov 2009
Location: Saskatoon
Posts: 1,593
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While I am not a fan of accumulating massive national debt, using the low numbers of Covid-19 cases in Canada that we managed to accomplish by quicker action is just perverse.
We could have had a much worse situation with Covid-19.
We are about to have a demonstration of how bad it could be, provided by the United States failure of their much lauded health care system.
Most developed countries are accumulating massive debt.
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07-13-2020, 06:37 AM
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Join Date: Dec 2013
Location: In your personal space.
Posts: 4,787
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Quote:
Originally Posted by saskbooknut
While I am not a fan of accumulating massive national debt, using the low numbers of Covid-19 cases in Canada that we managed to accomplish by quicker action is just perverse.
We could have had a much worse situation with Covid-19.
We are about to have a demonstration of how bad it could be, provided by the United States failure of their much lauded health care system.
Most developed countries are accumulating massive debt.
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We should have zero debt. The acceptance of having debt is a major flaw in society today.
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When in doubt, use full throttle. It may not improve the situation, but it will end the suspense.
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07-13-2020, 06:46 AM
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Join Date: Nov 2009
Location: Saskatoon
Posts: 1,593
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Having an unreasonable focus on Zero debt, unnecessarily hobbles governments.
Just like managing a household, debt is a useful tool to spread an expense over years.
People would never acquire land or houses without using a manageable debt load.
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07-13-2020, 06:54 AM
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Join Date: Dec 2013
Location: In your personal space.
Posts: 4,787
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Quote:
Originally Posted by saskbooknut
Having an unreasonable focus on Zero debt, unnecessarily hobbles governments.
Just like managing a household, debt is a useful tool to spread an expense over years.
People would never acquire land or houses without using a manageable debt load.
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Somewhat disagree. All personal debt should be short term commitments limited to somewhere to live. The problem is people seek the longest term for a mortgage or what have you, and make the lowest payments they can. Canada could have been debt free if there was responsible spending. This practice of voting someone in and letting them have free reign to do what they want is ridiculous. This is akin to handing your 14 year old your credit card for 4 years and ignore what they do with it.
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When in doubt, use full throttle. It may not improve the situation, but it will end the suspense.
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07-13-2020, 07:04 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,849
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Quote:
Originally Posted by Bergerboy
We should have zero debt. The acceptance of having debt is a major flaw in society today.
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It’s dont help when credit card company offer students credit cards to get them started on the road of credit dependence at 18... how many have wreck their credit on a small $500 credit card or a cellphone plan 
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07-13-2020, 07:12 AM
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Join Date: Dec 2013
Location: In your personal space.
Posts: 4,787
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Quote:
Originally Posted by fishtank
It’s dont help when credit card company offer students credit cards to get them started on the road of credit dependence at 18... how many have wreck their credit on a small $500 credit card or a cellphone plan |
I personally have no issues with credit cards. My issue is with the people who have them. Boggles my mind how people with continually put themselves in situations were they pay for things with credit knowing they cannot pay it off completely at pay day. Same people vote for spendy governments as they somehow think the debt will be someone else's problem.
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When in doubt, use full throttle. It may not improve the situation, but it will end the suspense.
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07-13-2020, 08:40 AM
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Join Date: Nov 2009
Location: Saskatoon
Posts: 1,593
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Carrying Credit card debt is insane.
There are so many other ways of carrying cheap debt.
Of course, carrying unnecessary debt is foolish too.
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07-13-2020, 10:08 AM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,883
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Quote:
Originally Posted by Talking moose
Sent from my iPhone using Tapatalk
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Fair enough but compare apples to apples. You also have to include all the prevented cases as well. Without intervention...maybe 20 mil people?
Still the cost is staggering. The spending before Covid was out of control.
Clearly the plan is to jack up taxes as soon as they can. NDP will then want to jack taxes higher for their social spending asks. PM will have to agree or be forced into an election.
Middle income and higher tax paying Canadians...prepare for a beating of epic proportions.
__________________
It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
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07-13-2020, 10:16 AM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,883
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Quote:
Originally Posted by Bergerboy
I personally have no issues with credit cards. My issue is with the people who have them. Boggles my mind how people with continually put themselves in situations were they pay for things with credit knowing they cannot pay it off completely at pay day. Same people vote for spendy governments as they somehow think the debt will be someone else's problem.
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X100.
Credits cards are an awesome tool. They loan you money for free for simple easy purchases. If you pay it off each month you pay no interest.
People need better education on simple finance. Also it continue to amazes me how many people don’t even realize on unpaid credit card bills you start paying interest from the purchase date...not the payment due date.
https://www.ratehub.ca/credit-cards/...-interest-fees
Credit cards help build your credit rating. Over your life that can mean tens of thousands to hundreds of thousand in interest rate savings on car and house leans and lines of credit.
Paying off every month automatically is simplest.
If you manually pay each month and do so ...but miss one by accident...call the company and politely ask for an interest reversal...they will do that.
Credit card companies make money from the retailer on every purchase. They want you to keep using their card and if you are a responsible user they will grant favours like that from time to time.
__________________
It is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself. Charles Darwin
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07-13-2020, 10:35 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,239
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Quote:
Originally Posted by saskbooknut
While I am not a fan of accumulating massive national debt, using the low numbers of Covid-19 cases in Canada that we managed to accomplish by quicker action is just perverse.
We could have had a much worse situation with Covid-19.
We are about to have a demonstration of how bad it could be, provided by the United States failure of their much lauded health care system.
Most developed countries are accumulating massive debt.
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Justifying this incredible spending and using Covid as the cover story is what is perverse. As I previously posted, spending just 2% of that money to protect the truly vulnerable would have accomplished much the same thing. The rest was just pure vote buying, while destroying the economy, and this country for current and future tax payers.
__________________
'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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