Canada is Now #1 In the World

[elkhunter11]

But not in a good way.

https://financialpost.com/opinion/ja...LihMaOF9uDFhrA

[cody j]

Originally Posted by elkhunter11

But not in a good way.

https://financialpost.com/opinion/ja...LihMaOF9uDFhrA

I’m not sure if I believe that article, I remember our financial genius of a PM explaining how the budget would balance itself.

[Dweb]

This communist must be stopped

[Pathfinder76]

Socialism works until you run out of everyone else’s money. There is a reckoning coming and it will change lives. Not in a good way.

[Armorman]

What did you expect was going to happen? A lot of the losers voting for our imbecile at the helm don't pay taxes anyway. Most of them are generational abusers of the welfare system so what do they care about the state of our country. Way to go CanaDUH.

Sent from my Pixel 3 XL using Tapatalk

[KinAlberta]

Morons writing articles.

Debt and deficits are two sides to the same coin. Discussing deficits without debt is just meaningless.

[Bergerboy]

The PM said that the government is taking on the debt so Canadians don't have to. There is nothing to worry about.

[urban rednek]

Originally Posted by KinAlberta

Morons writing articles.

Debt and deficits are two sides to the same coin. Discussing deficits without debt is just meaningless.

Jack M. Mintz is the President’s Fellow, School of Public Policy, University of Calgary and chairs the Alberta Premier’s Economic Recovery Council.

Morons writing articles? Please do tell us what part of his column you failed to understand.

[Smoky buck]

And odds are he will get another term as PM

[Selkirk]

.
Not to worry, Folks 👇🤠

When the Yanks finally put their latest, yet-to-be-released Stimulus Package in place (~ $2 Trillion, and still counting), they'll take over the #1 spot again.

Canada will have to be happy with the #2 spot.

Selkirk

[Smoky buck]

Originally Posted by Selkirk

.
Not to worry, Folks 👇🤠

When the Yanks finally put their latest, yet-to-be-released Stimulus Package in place (~ $2 Trillion, and still counting), they'll take over the #1 spot again.

Canada will have to be happy with the #2 spot.

Selkirk

That is the Canadian way of thinking “ As long as someone else sucks more then us we are doing great”

[KegRiver]

Originally Posted by Bergerboy

The PM said that the government is taking on the debt so Canadians don't have to. There is nothing to worry about.

Hard to believe they are the best and brightest when they make statements like that, until one considers that votes gave them their authority, then it seems plausible that they really are brighter then the majority.

I would ask Mr T who is going to pay for that debt. Will it be him and his cabinet, or will the people pay for it through taxes.

[KinAlberta]

Originally Posted by urban rednek

Morons writing articles? Please do tell us what part of his column you failed to understand.

I understood it but it is simply too shallow. Maybe he’ll write a few follow ups. :-)

[6.5 shooter]

Remember folks we are only going to "spend" 10 million for the next 3 years till we get this economy under control.......

The first of MANY lies by the red party....yet there are still, many here who still believe it to be true,,,,, Sad really.

[KinAlberta]

No one cares anymore. Near everyone has been taking on more debt. Doesn’t matter if it’s good times or bad, if the party in power is left or right, they all seem to be increasing debt. I guess low interest rates are just too enticing.


World Debt Clocks
https://www.usdebtclock.org/world-debt-clock.html

[zabbo]

Originally Posted by KinAlberta

No one cares anymore. Near everyone has been taking on more debt. Doesn’t matter if it’s good times or bad, if the party in power is left or right, they all seem to be increasing debt. I guess low interest rates are just too enticing.


World Debt Clocks
https://www.usdebtclock.org/world-debt-clock.html

Sooo, by this line of thinking, all the neighbors are jumping off a cliff without a parachute, so we might as well jump too?

[gunluvr]

The sad part of all the CERB benefits is that through clawbacks of other programs like child benefits, those in the lower income range benefit the least. And those in the higher range have less incentive to return to work.
Not only have the liberals spent the most worldwide as a proportion of GDP, they've also mismanaged what they've spent.
And some of us thought electing a drama teacher was a good idea.

[KinAlberta]

Originally Posted by zabbo

Sooo, by this line of thinking, all the neighbors are jumping off a cliff without a parachute, so we might as well jump too?

What line of thinking? The link shows herd behaviour.

I am very debt adverse. Totally conservative. Totally against the crowd. Didn't buy my house until I could pay cash for it. Nonetheless debt can be a useful tool. Just ask most home buyers. They take out mortgages rather than make personal sacrifices to save more money but seek benefits like getting ahead of inflation in using debt.

If I was buying a house now I’d maybe mortgage it to the hilt. Today we have massive government/central bank intervention ensuring that debt loving businesses and individuals don’t go under. The right and left leaning media are all calling it “assistance” rather than massive “bailouts”.

Conservative savers are totally screwed! Why fight it?




.

[waldedw]

Did you ever doubt that would happen with a drama teacher at the helm ??

" The budget will balance itself "

" We are going to spend our way out of this recession "

[bdub]

Like it or not we are heading down the path of MMT and socialism thanks to China and our insane reaction to this virus. How long we can continue before we see a debt/currency crisis is anyones guess. Who will continue to buy our bonds when the chances of getting paid back is decreasing with each dollar borrowed and wasted? Eventually they are going to demand a higher and higher premium. Watch the tax increases in the coming years, going to be brutal.

[dmcbride]

Pretty soon we will be bringing wheel barrels full of money to buy a loaf of bread. Low interest rates won’t last forever and inflation is already here, being manipulated by low gas prices.

[KinAlberta]

Nothing new here. The global financial crisis hit years ago and debt spending ramped up. Remember the cries for “Fiscal Stimulus”!!! To anyone that’s totally clueless “fiscal stimulus” is just a PC word for debt spending.

Austerity in a crisis proved pretty disastrous while massive bailouts via low interest rates and debt spending worked well. Unfortunately, no one ever wants to suffer a bit as we always get: “Now is not the time” to squeeze the spending.


ALL ABOUT BAILOUTS but can’t say the word “bailout” (i see them as necessary evils):

Small businesses hopeful federal government will retool loan program to cover mounting rental costs | National Post

https://nationalpost.com/news/politi...g-rental-costs



Canada working on possible aid for the airlines and travel sector, says finance minister | Reuters

https://www.reuters.com/article/us-h...-idUSKBN2752DZ

.

[KinAlberta]

Under Trump's Administration, America's National Debt Has Increased by Nearly $7 Trillion

Trump took office in January 2017 after promising to eliminate the national debt during his presidency. When he took the presidential oath, the national debt stood at about $19.95 trillion. As of August of this year, the national debt was estimated to stand at about $26.73 trillion

https://www.newsweek.com/under-trump...illion-1532352



.

[6.5 shooter]

Originally Posted by KinAlberta

Under Trump's Administration, America's National Debt Has Increased by Nearly $7 Trillion

I am sure that had nothing to do with the Obama's spending OR the "Global Pandemic"..... but please continue on.

Maybe instead of being a USA /Trump hater...Maybe you should look in your own back yard and see what your RED Turds have done to Canada and OUR economy ... But ya I know THAT, would not be Politically Correct in Kanackastan!!

[comaderek]

Everyone sees what they want to see . We live in a world of shades of grey . There is no real truth just reporting of a point u want to make .
If u want to see what luck and worrying about the economy means during the pandemic look at manitoba where I live. We lucked out at the beginning and then our premier was the first to open up the economy and advertise people to come visit manitoba . Look where we are now worst province in country with infection rates and deaths per 100,000. Our one care home will soon be the one within Canada with the highest amount of deaths .
Do we see our premier standing up and saying what he is planning to do and show remorse for what he hasn’t done? Nope. His big latest conference was to say he is raising fines . What an idiot. You open everything up then don’t want people to go and if u go social distance . Give me a break. He will not take any ownership of his actions or lack there of? Nope he will blame us for not following social distancing rules . Everyone Knew come fall cases will rise. Did our government spend some cash to ramp up testing in anticipation of the spike? Nope that would mean spending money. What our government is doing is making sure they spend federal cash not provincial . They spent money to ensure people could apply for federal money. Not help businesses they shut down. We don’t even have enough people to double back and check if people have recovered and have no staff to contact trace . They said there will be in months. Reactive not proactive . Oh yes we are getting more help as our government is reaching out to Stats Canada to for help. A federal department.
Who wants our guy? He is getting a nickname Trump North!!

[fishnguy]

Originally Posted by 6.5 shooter

Remember folks we are only going to "spend" 10 million for the next 3 years till we get this economy under control.......

The first of MANY lies by the red party....yet there are still, many here who still believe it to be true,,,,, Sad really.

Originally Posted by 6.5 shooter

I am sure that had nothing to do with the Obama's spending OR the "Global Pandemic"..... but please continue on.

Maybe instead of being a USA /Trump hater...Maybe you should look in your own back yard and see what your RED Turds have done to Canada and OUR economy ... But ya I know THAT, would not be Politically Correct in Kanackastan!!

You can interchange the names in either of your posts and they will still both hold true.

[CaberTosser]

I tried bringing up some Canadian content at a gathering on Saturday where essentially everyone was talking about Trump and openly hoping for his death by a few ways suggested. As an experiment I decided to try to steer the conversation to Canadian politics and our World-record setting debt ratio and one fellow cut me off saying it’s not all Liberal vs Conservative, to which I replied that I agreed, but you’d not know it by how he was just monopolizing the conversation. Lots of blathering, little content (the latter was my inside voice).

[KinAlberta]

Originally Posted by CaberTosser

I tried bringing up some Canadian content at a gathering on Saturday where essentially everyone was talking about Trump and openly hoping for his death by a few ways suggested. As an experiment I decided to try to steer the conversation to Canadian politics and our World-record setting debt ratio and one fellow cut me off saying it’s not all Liberal vs Conservative, to which I replied that I agreed, but you’d not know it by how he was just monopolizing the conversation. Lots of blathering, little content (the latter was my inside voice).

For many years now I’ve regularly been comparing Republican and Democratic fiscal ineptitude to Liberal, Conservative and NDP fiscal ineptitude. They are alm pretty much the same. Finding differences is just splitting hairs.

[ward]

Originally Posted by KinAlberta

For many years now I’ve regularly been comparing Republican and Democratic fiscal ineptitude to Liberal, Conservative and NDP fiscal ineptitude. They are alm pretty much the same. Finding differences is just splitting hairs.

You are correct, It’s been a long time since you could identify politicians from either side by their spending habits. They all buy their votes with the electorates money.

[zabbo]

Originally Posted by CaberTosser

I tried bringing up some Canadian content at a gathering on Saturday where essentially everyone was talking about Trump and openly hoping for his death by a few ways suggested. As an experiment I decided to try to steer the conversation to Canadian politics and our World-record setting debt ratio and one fellow cut me off saying it’s not all Liberal vs Conservative, to which I replied that I agreed, but you’d not know it by how he was just monopolizing the conversation. Lots of blathering, little content (the latter was my inside voice).

I read a comment the other day, think it was on here somewhere;

It's funny how so many Canadians are so quick to jump all over the Donald and American politics in general, yet they stand idly by and say absolutely nothing at all while the turd destroys Canada.