Strongest growth?
c'mon Nipples! If you have doubts or skepticism over those 2022 & 2023 'strongest growth' projections for Canada compared to other G7 countries, perhaps you should attempt to question/counter those projections coming from the OECD, the IMF and Moody's - yes?
Yeah now do household debt to GDP. Canada has the highest % of income spent on mortgages per capita in the developed world. #thanksLiberals
oh my! Are you seriously comparing government debt management to... household debt? Really? Geezaz Nipples, that's just dumb!
Government-Household analogy: The Government-House analogy refers to rhetoric in political economic discourse that compares the finances of a federal government to those of a household. The analogy has frequently been made in debates about government debt, with critics of government debt arguing that greater government debt is equivalent to a household taking on more debt.
The analogy has been characterized by economists as misleading and false, as the functions and constraints of governments and households are vastly dissimilar. Differences include that governments can print money, interest rates on government borrowing may be cheaper than individual borrowing, governments can increase their budgets through taxation, governments have indefinite planning horizons, national debt may be held primarily domestically (the equivalent of household members owing each other), governments typically have greater collateral for borrowing, and contractions in government spending can cause or prolong economic crises and increase the debt of the government. For governments, the main risks of overspending may revolve around inflation rather than the size of the debt per se.
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