Author Topic: Government Day-to-Day  (Read 13300 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #120 on: February 03, 2020, 10:40:23 pm »
Try doing a little simple math and you'll see those ~400 jobs will payback the 50 million in income taxes and long before the grandchildren.

50 million compounded at 3% over 30 years is over 121 million.
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Offline Omni

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Re: Government Day-to-Day
« Reply #121 on: February 03, 2020, 10:55:13 pm »
50 million compounded at 3% over 30 years is over 121 million.

And 400 jobs paying at least 10k/year amounts to 121 million over 30 years. Then there's that corporate tax.

Offline wilber

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Re: Government Day-to-Day
« Reply #122 on: February 03, 2020, 10:59:11 pm »
And 400 jobs paying at least 10k/year amounts to 121 million over 30 years. Then there's that corporate tax.

It doesn't matter, after 30 years you are still handing your grand children a 121 million debt because you never paid it back.
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Offline wilber

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Re: Government Day-to-Day
« Reply #123 on: February 03, 2020, 11:18:46 pm »
And if your grand children don't pay it back it becomes a 294 million dollar debt for their grand children. So now they are paying 9 million annual interest on your 50 million loan. And if interest rates go up over the next 60 years, it could be a lot more.
« Last Edit: February 03, 2020, 11:25:56 pm by wilber »
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Offline Omni

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Re: Government Day-to-Day
« Reply #124 on: February 03, 2020, 11:26:47 pm »
It doesn't matter, after 30 years you are still handing your grand children a 121 million debt because you never paid it back.

I assume you're talking about potential interest on the funds if they were left in gov't coffers. This is not a loan it's an investment and the figures show me it will pay for itself simply through job creation. (You know about income tax eh?)

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #125 on: February 03, 2020, 11:41:29 pm »
And if your grand children don't pay it back it becomes a 294 million dollar debt for their grand children. So now they are paying 9 million annual interest on your 50 million loan. And if interest rates go up over the next 60 years, it could be a lot more.

We haven't paid back anything when we started to borrow a lot starting in the 70's, except a small bit during the Chretien years, so that's around 50 years and counting of compound interest with no end in sight.
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Offline waldo

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Re: Government Day-to-Day
« Reply #126 on: February 04, 2020, 12:34:05 am »
Liberal government 'grow the economy' $50M incentive spend towards MasterCard security center was previously budgeted for as a part of the 2017 budget; specifically associated with the, Strategic Innovation Fund:




by the by, would any CPC supporting "fiscal squawk" member here care to offer up policy intent/strategy to align with your forevah debt-paydown talking points... and what results would impact upon the citizenry... and growth in jobs/economy? Anyone... anyone... anyone?

Offline JMT

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Re: Government Day-to-Day
« Reply #127 on: February 04, 2020, 07:22:26 am »
Debt-to-GDP shows a gov's ability to pay back the debt.  If we're never going to pay it back the stat means nothing, so we might as well borrow more i say.

No, it shows our ability to carry it.

Offline wilber

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Re: Government Day-to-Day
« Reply #128 on: February 04, 2020, 09:17:58 am »
I assume you're talking about potential interest on the funds if they were left in gov't coffers. This is not a loan it's an investment and the figures show me it will pay for itself simply through job creation. (You know about income tax eh?)

No, Iím talking about actual interest paid or owing. Right now we pay about 26 billion annually to service the federal debt. The projected 20/21 deficit is about 28 billion. That means 26 of the 28 billion we will be borrowing is going to pay interest on what we already owe.

Assuming interest rates stay low, thatís 26 billion annually plus interest on any additional borrowing passed on to future generations in perpetuity. If interest rates rise, which they eventually will, that number will go up.
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Offline wilber

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Re: Government Day-to-Day
« Reply #129 on: February 04, 2020, 09:24:12 am »
No, it shows our ability to carry it.
So you are saying we can never pay it back and future generations will have to carry the debt we accumulated forever. Can you imagine telling your children that when it comes to you person debt. Donít worry kid, you will be able to afford the payments on my Beemer long after I am dead and it has gone to the wrecker.
"Never trust a man without a single redeeming vice" WSC

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #130 on: February 04, 2020, 10:08:20 am »
No, it shows our ability to carry it.

"What Is the Debt-to-GDP Ratio?

The debt-to-GDP ratio is the metric comparing a country's public debt to its gross domestic product (GDP). By comparing what a country owes with what it produces, the debt-to-GDP ratio reliably indicates that particular countryís ability to pay back its debts. Often expressed as a percentage, this ratio can also be interpreted as the number of years needed to pay back debt, if GDP is dedicated entirely to debt repayment.
"

https://www.investopedia.com/terms/d/debtgdpratio.asp
I can tell how good of a person you are by how you treat the people you disagree with.

Offline waldo

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Re: Government Day-to-Day
« Reply #131 on: February 04, 2020, 10:27:23 am »
guys, guys... c'mon, you already plied your ChickenLittleSkyisFalling routine earlier in this thread!. Again, debt servicing is QUITE MANAGEABLE!

no - again, federal debt service as a percent of GDP is at its lowest point... in at least 55 years; again, 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.


Offline wilber

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Re: Government Day-to-Day
« Reply #132 on: February 04, 2020, 11:31:09 am »
guys, guys... c'mon, you already plied your ChickenLittleSkyisFalling routine earlier in this thread!. Again, debt servicing is QUITE MANAGEABLE!

That's not the point. Why do you think it is morally acceptable to run up debt and intentionally pass it on to future generations?
"Never trust a man without a single redeeming vice" WSC

Offline waldo

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Re: Government Day-to-Day
« Reply #133 on: February 04, 2020, 11:32:47 am »
by the by, would any CPC supporting "fiscal squawk" member here care to offer up policy intent/strategy to align with your forevah debt-paydown talking points... and what results would impact upon the citizenry... and growth in jobs/economy? Anyone... anyone... anyone?

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #134 on: February 04, 2020, 11:50:17 am »
by the by, would any CPC supporting "fiscal squawk" member here care to offer up policy intent/strategy to align with your forevah debt-paydown talking points... and what results would impact upon the citizenry... and growth in jobs/economy? Anyone... anyone... anyone?

I don't think there's any CPC supporters on this forum, myself included.   If there were, what would be the point.  If it doesn't align with Liberal Party policy you will reject it outright.
I can tell how good of a person you are by how you treat the people you disagree with.
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