Author Topic: Government Day-to-Day  (Read 38099 times)

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Offline Queefer Sutherland

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Re: Government Day-to-Day
« Reply #405 on: May 15, 2020, 04:17:08 pm »
No one said there's a free ride, but the sky isn't falling.

Even if we pay no interest on this debt we're taking out it's going to take a very, very long time to pay it back, if ever.

Our ability to pay it back is also being hampered by our energy sector being decimated before our eyes.  The TSX has taken a mega crap-kicking, much more than the US markets have.  The country isn't collapsing but we're going into the red big-time.  It's not a good situation.  We may be doubling our debt while having our economy weakened in the short and medium term.
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