Author Topic: Government Day-to-Day  (Read 7449 times)

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Online wilber

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Re: Government Day-to-Day
« Reply #45 on: December 17, 2019, 12:46:49 pm »
hey chickenLittle, Canada's debt-to-GDP ratio is the lowest among the G7 countries!

Number 7! We can do better than that. We should at least be number 3.

Actually it isn't. When it comes to gross debt to GDP we are behind Germany and the UK.

Canada 87.5, UK 85.6, Germany 58.6.
Source IMF
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Offline ?Impact

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Re: Government Day-to-Day
« Reply #46 on: December 17, 2019, 12:50:09 pm »
Those numbers are for federal and provincial debt combined, not federal debt. Federal debt to GDP declined from 2012 to 2016 and has since gone up slightly.

Actually our current federal only debt:GDP ratio is the lowest it has been since 2008-09. Yes there was a slight increase in between 2014-15 and 2015-16 (Harper budget), and to 2016-17 (first Trudeau budget), but it has declined every year since.

ref: http://www.rbc.com/economics/economic-reports/pdf/canadian-fiscal/prov_fiscal.pdf

Online wilber

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Re: Government Day-to-Day
« Reply #47 on: December 17, 2019, 01:05:29 pm »
Actually our current federal only debt:GDP ratio is the lowest it has been since 2008-09. Yes there was a slight increase in between 2014-15 and 2015-16 (Harper budget), and to 2016-17 (first Trudeau budget), but it has declined every year since.

ref: http://www.rbc.com/economics/economic-reports/pdf/canadian-fiscal/prov_fiscal.pdf

Rejoice, your personal piece of the federal debt went up $1000 since Trudeau took office and by 2024 it will go up by at least another $1500.
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Offline ?Impact

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Re: Government Day-to-Day
« Reply #48 on: December 17, 2019, 01:09:39 pm »
Rejoice, your personal piece of the federal debt went up $1000 since Trudeau took office and by 2024 it will go up by at least another $1500.

When I was born, my personal piece of the federal debt was $825

Online wilber

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Re: Government Day-to-Day
« Reply #49 on: December 17, 2019, 01:13:48 pm »
When I was born, my personal piece of the federal debt was $825

By 2024 it will be $19,404 and that was before the revised budget estimates, so figure on more like $20,000. How much do you think your kids and grand kids will owe?
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Offline waldo

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Re: Government Day-to-Day
« Reply #50 on: December 17, 2019, 01:25:26 pm »
Number 7! We can do better than that. We should at least be number 3.

Actually it isn't. When it comes to gross debt to GDP we are behind Germany and the UK.

Canada 87.5, UK 85.6, Germany 58.6. Source IMF

no, your wilberMath will not prevail... now do net debt to GDP!  ;D

Online wilber

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Re: Government Day-to-Day
« Reply #51 on: December 17, 2019, 01:31:58 pm »
no, your wilberMath will not prevail... now do net debt to GDP!  ;D

Debt to GDP is bullshit, it has nothing to do with actual financial responsibilities, it is just indicates a capacity to borrow. Donald Trump would be proud of you.
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Offline waldo

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Re: Government Day-to-Day
« Reply #52 on: December 17, 2019, 01:39:04 pm »
How much do you think your kids and grand kids will owe?

so droll - think of the kids, think of the kids!



note to hair-on-fire member wilber... yet - none yet... that I know of!  ;D

Online wilber

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Re: Government Day-to-Day
« Reply #53 on: December 17, 2019, 02:19:05 pm »
so droll - think of the kids, think of the kids!



note to hair-on-fire member wilber... yet - none yet... that I know of!  ;D

Someone has to, you don't give a dam.
"Never trust a man without a single redeeming vice" WSC
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Online wilber

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Re: Government Day-to-Day
« Reply #54 on: December 17, 2019, 03:07:53 pm »
We got a tax cut, who cares if it isnít paid for.
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Offline cybercoma

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Re: Government Day-to-Day
« Reply #55 on: December 18, 2019, 07:42:47 am »
But it has been rising in the past three years, in spite of a supposedly strong economy.
You know the past three years is on the chart, right?
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Offline JMT

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Re: Government Day-to-Day
« Reply #56 on: December 19, 2019, 02:56:03 pm »
Debt to GDP is bullshit, it has nothing to do with actual financial responsibilities, it is just indicates a capacity to borrow. Donald Trump would be proud of you.

You pretend to know more than people who actually do this shit but you don't.
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Online wilber

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Re: Government Day-to-Day
« Reply #57 on: December 19, 2019, 05:50:22 pm »

You pretend to know more than people who actually do this **** but you don't.

I know it is being sold as reason, I mean excuse to go farther in debt. Any idiot should be able to see that.

I can remember the same sales pitch when PET was starting this whole thing.
Once burned twice shy but you will wear this a lot longer than I will.
« Last Edit: December 19, 2019, 05:55:04 pm by wilber »
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Offline ?Impact

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Re: Government Day-to-Day
« Reply #58 on: December 19, 2019, 06:13:04 pm »
I can remember the same sales pitch when PET was starting this whole thing.

The debt:GDP ratio soared in the mid 1980's, mostly due to global financial markets and massive interest rates. For most of Trudeau's time in office, the debt:GDP ratio went down.


Online wilber

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Re: Government Day-to-Day
« Reply #59 on: December 19, 2019, 06:48:59 pm »
Interest rates hit the Mulroney government much harder.

But it just goes to show how unforeseen changes can turn  borrowing into a nightmare and make  five year plans look like a bad joke.
« Last Edit: December 19, 2019, 06:51:12 pm by wilber »
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