Author Topic: Government Day-to-Day  (Read 7080 times)

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Online wilber

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Re: Government Day-to-Day
« Reply #15 on: December 16, 2019, 07:48:55 pm »
The Cons were no different....   promising tax breaks and no way to pay for them.  They were absolutely no different than the Libs this election.  Plus, they were even worse under Harper.

Debt to GDP declined between 2012 and 2015. Since then it has gone up 2.8%.

Trudeau also hasn't had a recession to deal with, let alone the biggest one since 1929.
« Last Edit: December 16, 2019, 07:51:35 pm by wilber »
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Offline Omni

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Re: Government Day-to-Day
« Reply #16 on: December 16, 2019, 08:00:57 pm »
Debt to GDP declined between 2012 and 2015. Since then it has gone up 2.8%.

Trudeau also hasn't had a recession to deal with, let alone the biggest one since 1929.

Trudeau hasn't, at least so far, robbed the "rainy day fund" in a feeble last ditch attempt to try and show a budget surplus as Harper did after all those years of deficits.

Online wilber

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Re: Government Day-to-Day
« Reply #17 on: December 16, 2019, 08:05:07 pm »
Trudeau hasn't, at least so far, robbed the "rainy day fund" in a feeble last ditch attempt to try and show a budget surplus as Harper did after all those years of deficits.

What rainy day fund?
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Offline the_squid

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Re: Government Day-to-Day
« Reply #18 on: December 16, 2019, 08:09:42 pm »
Debt to GDP declined between 2012 and 2015. Since then it has gone up 2.8%.

Trudeau also hasn't had a recession to deal with, let alone the biggest one since 1929.

Harper was awful by every measure.   
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Online wilber

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Re: Government Day-to-Day
« Reply #19 on: December 16, 2019, 08:12:26 pm »
Harper was awful by every measure.

Whatever, he wasn't increasing deficits when the country wasn't in recession.
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Offline the_squid

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Re: Government Day-to-Day
« Reply #20 on: December 16, 2019, 08:13:47 pm »
Whatever, he wasn't increasing deficits when the country wasn't in recession.

Conservatives always have excuses for why "their guy" did things....     ::)
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Offline Omni

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Re: Government Day-to-Day
« Reply #21 on: December 16, 2019, 08:17:51 pm »
What rainy day fund?

It's more properly known as the "contingency/emergency fund" which is where ~2/3rds of the funds came from, the rest from selling GM shares, and at a loss of course, to finally try and show a surplus after all those deficits.

Online wilber

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Re: Government Day-to-Day
« Reply #22 on: December 16, 2019, 08:21:49 pm »
It's more properly known as the "contingency/emergency fund" which is where ~2/3rds of the funds came from, the rest from selling GM shares, and at a loss of course, to finally try and show a surplus after all those deficits.

When you are carrying debt and running deficits there is no such thing as a rainy day fund, only borrowed money you haven't spent yet.
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Offline Omni

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Re: Government Day-to-Day
« Reply #23 on: December 16, 2019, 08:47:18 pm »
When you are carrying debt and running deficits there is no such thing as a rainy day fund, only borrowed money you haven't spent yet.

The GM shares , for example, were not borrowed money. They weree shares owned, and then cashed in at a loss, for political purposes. You may need an update on basic economics.

Online wilber

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Re: Government Day-to-Day
« Reply #24 on: December 16, 2019, 08:50:03 pm »
The GM shares , for example, were not borrowed money. They weree shares owned, and then cashed in at a loss, for political purposes. You may need an update on basic economics.
No but we were borrowing money so we didn't have to sell them. Would you borrow money and pay interest on it just so it looked good in your bank account?
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Offline Omni

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Re: Government Day-to-Day
« Reply #25 on: December 16, 2019, 09:00:19 pm »
No but we were borrowing money so we didn't have to sell them. Would you borrow money and pay interest on it just so it looked good in your bank account?

Nope, but I'm not Harper flailing around in a last ditch effort to try get reelected using other peoples money.

Online wilber

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Re: Government Day-to-Day
« Reply #26 on: December 16, 2019, 09:06:03 pm »
Nope, but I'm not Harper flailing around in a last ditch effort to try get reelected using other peoples money.

Who's money do you think Trudeau is using? Who gets to pay interest on what he borrows. I  would say pay back but we both know that won't happen.
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Offline Omni

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Re: Government Day-to-Day
« Reply #27 on: December 16, 2019, 09:48:51 pm »
Who's money do you think Trudeau is using? Who gets to pay interest on what he borrows. I  would say pay back but we both know that won't happen.

Obviously PM's use taxpayer money. They just shouldn't try to lie about that or they may just get voted out, ala Harper. Maybe the revenue will help with the payback when the Trans Mountain gets done.

https://globalnews.ca/news/1952376/back-in-black-harper-sets-out-agenda-with-pre-election-budget/
« Last Edit: December 16, 2019, 09:56:19 pm by Omni »

Online wilber

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Re: Government Day-to-Day
« Reply #28 on: December 16, 2019, 11:55:11 pm »
We pay over 26 billion in interest on the federal debt. How much was that revised deficit again? Oh, 26.6 billion.
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Offline waldo

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Re: Government Day-to-Day
« Reply #29 on: December 17, 2019, 04:14:50 am »
We pay over 26 billion in interest on the federal debt. How much was that revised deficit again? Oh, 26.6 billion.



economist/UBC econ prof Kevin Milligan... has a graph for that! => Federal debt service as a percent of GDP back to the 1960s - lowest in at least 55 years.

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