Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline Omni

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Re: Government Day-to-Day
« Reply #150 on: February 04, 2020, 11:29:04 pm »
You can guarantee the economy will grow faster than the debt can you?

That's the thing, you could care less how much debt you saddle your kids with as long as you think they can handle it. But if they can't, well that will be their problem, not yours. It may be your fault but it won't be your problem.

I went into debt ~20 years ago to buy a house. I had to pay interest on the loan. I now own the house and the value has risen to where it will pay back the interest I paid many times over. I could have stayed in a rental apartment I guess.

Offline wilber

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Re: Government Day-to-Day
« Reply #151 on: February 05, 2020, 09:05:08 am »
I went into debt ~20 years ago to buy a house. I had to pay interest on the loan. I now own the house and the value has risen to where it will pay back the interest I paid many times over. I could have stayed in a rental apartment I guess.

That would be fine  if we were actually paying anything off but we aren’t, we are just borrowing and passing the debt on to future generations. All debt to GDP means is we can afford to keep paying the interest.

Rationalize it any way want but the bottom line is all this debt to GDP BS means is we are sentencing future generations to use their tax dollars to pay interest for the rest of their lives on money we borrowed and spent. Unless they do something we weren’t willing to do like actually pay off our debts.

If we borrow to build a bridge and don’t pay it off, it isn’t an appreciating asset for our children, it is just something they will eventually have to tear down and replace. Not only will they have to borrow to build a new one but they will be stuck still paying interest on the one they just tore down.
« Last Edit: February 05, 2020, 09:11:16 am by wilber »
"Never trust a man without a single redeeming vice" WSC

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #152 on: February 05, 2020, 11:11:11 am »
I can guarantee that as long as the economy is growing faster than the debt, the debt will get easier to handle.

"Easier to handle" indicates our ability to pay back the debt, which we'll never do, and our ability to keep paying interest payments.

I can guarantee that as long as the debt keeps growing, money wasted on compounded interest payments on debt will keep growing too.

« Last Edit: February 05, 2020, 11:16:15 am by Progressive Graham »
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Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #153 on: February 05, 2020, 11:15:05 am »
I went into debt ~20 years ago to buy a house. I had to pay interest on the loan. I now own the house and the value has risen to where it will pay back the interest I paid many times over. I could have stayed in a rental apartment I guess.

1. You paid into equity on an investment that is known to forever rise in value.  That's much different than most of the money the government spends

2.  You eventually paid off your debt and the interest payments have stopped, something the government doesn't do.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline Omni

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Re: Government Day-to-Day
« Reply #154 on: February 05, 2020, 12:07:28 pm »
1. You paid into equity on an investment that is known to forever rise in value.  That's much different than most of the money the government spends

2.  You eventually paid off your debt and the interest payments have stopped, something the government doesn't do.

Yes, we all know governments waste money. Now, money I spent on a house was not a waste because yes it rose in value. Money invested in a company as profitable as MC could well not be a waste because it generates wealth. People with jobs pay taxes on their income back to the government and they also buy stuff, pay more taxes there, and that activity supports other jobs. Buying Bomarc Missiles, now that was a good example of government waste. 

Offline wilber

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Re: Government Day-to-Day
« Reply #155 on: February 05, 2020, 12:35:23 pm »
Yes, we all know governments waste money. Now, money I spent on a house was not a waste because yes it rose in value. Money invested in a company as profitable as MC could well not be a waste because it generates wealth. People with jobs pay taxes on their income back to the government and they also buy stuff, pay more taxes there, and that activity supports other jobs. Buying Bomarc Missiles, now that was a good example of government waste.

It may not be a waste. We don't want government to not invest in things but we should expect it to pay our debts and not pass them on to our kids and grand kids.

You paid your house off, governments aren't paying their debts off, they are just paying the interest. Unless it has great historical value, eventually your home will be torn down and the only value will be in the land it sits on. The house itself will just be an expense that has to be got rid of.
"Never trust a man without a single redeeming vice" WSC

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #156 on: February 05, 2020, 04:16:07 pm »
It may not be a waste. We don't want government to not invest in things but we should expect it to pay our debts and not pass them on to our kids and grand kids.

You paid your house off, governments aren't paying their debts off, they are just paying the interest. Unless it has great historical value, eventually your home will be torn down and the only value will be in the land it sits on. The house itself will just be an expense that has to be got rid of.

I probably wouldn't care about the MC payout if it wasn't paid for with debt and interest.  It is an investment.  The question is, how wise an investment, for 380 jobs in a city with 4.9% unemployment rate using money we have to borrow.
I can tell how good of a person you are by how you treat the people you disagree with.
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Offline waldo

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Re: Government Day-to-Day
« Reply #157 on: February 06, 2020, 12:06:51 pm »
with the backdrop of HOC discussion centering on aspects of criminal code legislation associated with Bill C-36 (Protection of Communities and Exploited Persons Act (PCEPA))... as introduced in 2014 by then CPC Justice Minister, MmmKay:

this CPC ChildSoldier, MP Arnold Viersen (Alberta - Peace River-Westlock) had the temerity to ask NDP MP, Laurel Collins (Victoria)... if she ever considered being a sex worker!





MmmKay Bill-C36 legislation that has been significantly criticized as actually making it harder for sex workers to do their job safely: Evaluating Canada's Sex Work Laws: The Case for Repeal

Offline waldo

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Re: Government Day-to-Day
« Reply #158 on: February 06, 2020, 11:34:24 pm »
oh my! With a lil' spotlight on the aforementioned CPC MP Arnold Viersen (Alberta - Peace River-Westlock), this gem has come forward  ;D

https://www.youtube.com/watch?v=YdXYzvxIy6Y

Offline Mr. Perfect

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Re: Government Day-to-Day
« Reply #159 on: February 07, 2020, 10:19:01 am »
He seems like CPC leadership material...   

They could run an angry goat in those Alberta ridings and the good citizens would choose them over someone with the Lib or NDP label.

Offline wilber

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Re: Government Day-to-Day
« Reply #160 on: February 07, 2020, 03:13:06 pm »
It was a dumb ass thing to say and he rightly apologized but rather than just blindly taking something out of context, it is worth looking at the whole exchange.
« Last Edit: February 07, 2020, 03:17:50 pm by wilber »
"Never trust a man without a single redeeming vice" WSC

Offline Mr. Perfect

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Re: Government Day-to-Day
« Reply #161 on: February 07, 2020, 07:24:37 pm »
It was a dumb ass thing to say and he rightly apologized but rather than just blindly taking something out of context, it is worth looking at the whole exchange.

What context are we missing here....?

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #162 on: February 07, 2020, 07:59:06 pm »
Canadians increasingly negative on government's performance: 13-year Nanos study

Canadians have been increasingly critical of the federal government’s performance since 2015, with an all-time low in the number who think the feds are doing a good job, according to a Nanos Research study that began tracking the “Mood of Canada” 13 years ago.


https://www.ctvnews.ca/politics/canadians-increasingly-negative-on-government-s-performance-13-year-nanos-study-1.4801766

I can tell how good of a person you are by how you treat the people you disagree with.

Offline Mr. Perfect

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Re: Government Day-to-Day
« Reply #163 on: February 07, 2020, 08:12:53 pm »
Canadians increasingly negative on government's performance: 13-year Nanos study

Canadians have been increasingly critical of the federal government’s performance since 2015, with an all-time low in the number who think the feds are doing a good job, according to a Nanos Research study that began tracking the “Mood of Canada” 13 years ago.


https://www.ctvnews.ca/politics/canadians-increasingly-negative-on-government-s-performance-13-year-nanos-study-1.4801766


Meh....   still 50x better than Scheer and the CPC.    Way better than Harper’s bunch.

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #164 on: February 07, 2020, 08:17:39 pm »

Meh....   still 50x better than Scheer and the CPC.    Way better than Harper’s bunch.

Actually, more Canadians voted for Scheer than Trudeau.
I can tell how good of a person you are by how you treat the people you disagree with.