Author Topic: Government Day-to-Day  (Read 53478 times)

0 Members and 3 Guests are viewing this topic.

Offline Queefer Sutherland

  • Hero Member
  • *****
  • Posts: 10193
Re: Government Day-to-Day
« Reply #255 on: March 12, 2020, 08:48:22 pm »
Think about it this way:  if you're 12 and your only income comes from doing chores around the house, $200 is a big debt that will take forever to pay off.   If you're a grown-up with a decent job, $200 is easily manageable. Most of us accumulate and pay off $200 or more of credit card debt every month. The size of the debt relative to our income is what's most important.

Yes i'm well aware what debt-to-gdp means.  It has its use.  But just because a country's debt-to-gdp is shrinking while still running deficits that doesn't mean you're being fiscally responsible.  Your debt-to-gdp is supposed to shrink during good economic times because your gdp is going to be doing well and your need for debt is minimal.  My point is now is the time to pay down the debt a bit, we just borrowed a crapload for years to recover from the "great recession".  And when bad times hit again, like now, we can responsible pour in the deficit to stimulate the economy and be in a sounder financial position.  If we saved those 20 billion deficits up and instead added them to the billions we'll be putting out for the massive sh!t-kicking the TSX is taking right now we'd be much better off.

Our economy is in desperate shape.  Alberta is being gutted and I don't think its coming back, the TSX lost 12% of its total value today IN ONE DAY, that's 12% of the entire Canadian economy evaporated.  This is when you run deficits.  Chretien/Martin knew it.  Kevin Milligan can suck my d!ck.

I'm not going to argue with these Liberal a$$-lickers, if Trudeau were running surpluses they'd defend that too.  **** these partisan sh!t-f*ckers.  I hate partisans.
"Nipples is one of the great minds of our time!" - Bubbermiley
Like Like x 1 Dumb Dumb x 3 View List