Author Topic: Government Day-to-Day  (Read 34408 times)

0 Members and 0 Guests are viewing this topic.

Offline wilber

  • Administrator
  • Full Member
  • *****
  • Posts: 8163
Re: Government Day-to-Day
« Reply #345 on: May 12, 2020, 11:50:55 pm »
Yes, and Canada has the Bank of Canada.  This is not the 90s. This is a $2-2.5T economy with a pre COVID federal fiscal position that was the envy of much of the developed word.

It isn't a $2-2.5T economy anymore, GDP dropped 9% in March alone.

Yes we need government to intervene but JT is just shovelling money out the door as fast as he can and it isn't sustainable. Today it was 2.5 billion for seniors. If you are receiving old age security, you will get a check. It takes a combined income of over $120K before they start clawing back OAS, give it to seniors who really need it.
"Never trust a man without a single redeeming vice" WSC