Author Topic: Government Day-to-Day  (Read 13173 times)

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Offline Omni

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Re: Government Day-to-Day
« Reply #240 on: March 09, 2020, 08:57:54 pm »
Your case is beyond rested... it's napping soundly.  I think Canada could be better ... and there are other places that are nice to live.  But most aren't as good IMO.

My point being that the problems suggested in the post I responded to are much more significant in many places beyond our borders.
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Offline MH

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Re: Government Day-to-Day
« Reply #241 on: March 09, 2020, 09:57:13 pm »
Yes and my twisted and shitty metaphor was supposed to clearly agree with you.

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #242 on: March 09, 2020, 10:08:31 pm »
Guess we're going to get some more deficits this year.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline Omni

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Re: Government Day-to-Day
« Reply #243 on: March 09, 2020, 10:15:28 pm »
My point being that the problems suggested in the post I responded to are much more significant in many places beyond our borders.

I've had the good fortune to have traveled abroad a number of times, including to India, and while I have had great experience's along the way, I have always felt grateful when the wheels touched down on Canadian soil.

Offline cybercoma

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Re: Government Day-to-Day
« Reply #244 on: March 10, 2020, 10:09:18 am »
The party in power is the only driver of federal debt, it makes the budget.
You're confusing deficit and debt.

Offline JMT

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Re: Government Day-to-Day
« Reply #245 on: March 10, 2020, 01:53:51 pm »
Guess we're going to get some more deficits this year.

Along with everyone else in the world. 

Offline Omni

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Re: Government Day-to-Day
« Reply #246 on: March 10, 2020, 02:16:07 pm »
Along with everyone else in the world.

And so far it looks like we'll suffer less of a hit than say Italy who's economy was already in decline. And with Trump's continued stumbling and bumbling the US may get hurt bigly. Luckily state governors and certain ceo's such as of airlines are taking the bull by the horns to keep things moving as best they can.   

Offline wilber

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Re: Government Day-to-Day
« Reply #247 on: March 10, 2020, 04:16:29 pm »
You're confusing deficit and debt.
Itís debt, just not the debt. Permanent debt if donít plan on paying it back.
"Never trust a man without a single redeeming vice" WSC
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Offline wilber

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Re: Government Day-to-Day
« Reply #248 on: March 10, 2020, 04:17:58 pm »
Guess we're going to get some more deficits this year.

They were projecting 26 billion for this year, expect north of 40.
"Never trust a man without a single redeeming vice" WSC

Offline cybercoma

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Re: Government Day-to-Day
« Reply #249 on: March 11, 2020, 09:37:30 am »
Itís debt, just not the debt. Permanent debt if donít plan on paying it back.
If you think governments should never run deficits, you have a tenuous grasp on macro economics (to say the least).

Offline wilber

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Re: Government Day-to-Day
« Reply #250 on: March 11, 2020, 11:20:43 am »
If you think governments should never run deficits, you have a tenuous grasp on macro economics (to say the least).

Do you have a reading comprehension problem? My problem is borrowing with no intention of ever paying it back and depending on growth and inflation to make it sustainable. We have been borrowing for the last four years while the economy was expanding and now we will have to borrow a hell of a lot more as the economy retracts. The debt to GDP types are about to get a waker upper.


Keynesian economics say you save while times are good so you can afford to borrow when they are bad. The debt to GDP types say, screw that, let's just borrow all the time and the future will look after itself. Insha Alla.
"Never trust a man without a single redeeming vice" WSC
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Offline ?Impact

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Re: Government Day-to-Day
« Reply #251 on: March 11, 2020, 01:16:20 pm »
My problem is borrowing with no intention of ever paying it back and depending on growth and inflation to make it sustainable.

As long as the debt:GDP ratio is decreasing, it is being paid back. Not as fast as you may like, but dramatic changes tend to result in either higher taxes or cutting back on essential services. The "no intention of ever paying it back" is pure rhetoric.

Offline wilber

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Re: Government Day-to-Day
« Reply #252 on: March 11, 2020, 01:37:59 pm »
As long as the debt:GDP ratio is decreasing, it is being paid back. Not as fast as you may like, but dramatic changes tend to result in either higher taxes or cutting back on essential services. The "no intention of ever paying it back" is pure rhetoric.

It won't be decreasing with government vastly increasing borrowing with the economy sinking due to  these crisis, it will be going up markedly. You can't borrow more money with your income going down and maintain the same dept to income ratio. What is so difficult for you to understand about that? You seem to think continually living beyond your means is some kind of right.
 
It isn't pure rhetoric, it means paying interest forever on money you spent long ago at interest rates you can't foresee.
"Never trust a man without a single redeeming vice" WSC

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #253 on: March 11, 2020, 08:06:56 pm »
As long as the debt:GDP ratio is decreasing, it is being paid back.

 :D  LOL what??

No it isn't.  The only thing debt-to-GDP measures is the ability to potentially pay back debt, as well as ability to service current debt loan/interest payments.
I can tell how good of a person you are by how you treat the people you disagree with.
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Offline wilber

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Re: Government Day-to-Day
« Reply #254 on: March 11, 2020, 09:49:19 pm »
:D  LOL what??

No it isn't.  The only thing debt-to-GDP measures is the ability to potentially pay back debt, as well as ability to service current debt loan/interest payments.

Yup, it just says if you can keep borrowing at the same rate as the economy is growing, or not. It has nothing to do with paying anything back
"Never trust a man without a single redeeming vice" WSC
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