Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline Omni

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Re: Government Day-to-Day
« Reply #405 on: May 15, 2020, 01:57:01 pm »
Wrong, it was well over 60% during the nineties and will likely be around 55% by the end of this year. Debt to GDP is a ratio, GDP is now sinking, Debt to GDP would be going up even if the budget was balanced.

https://tradingeconomics.com/canada/government-debt-to-gdp

Offline wilber

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Re: Government Day-to-Day
« Reply #406 on: May 15, 2020, 02:11:24 pm »
"Never trust a man without a single redeeming vice" WSC

Offline JMT

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Re: Government Day-to-Day
« Reply #407 on: May 15, 2020, 02:38:37 pm »
It means more competition for money and probably higher rates. You still think there is a free ride.

No one said there's a free ride, but the sky isn't falling.
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guest78

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Re: Government Day-to-Day
« Reply #408 on: May 15, 2020, 03:44:21 pm »
No one said there's a free ride, but the sky isn't falling.
No, but you're squeezing out spending on other programs when you expand the amount of money needed to just service debt.  Anyways, I agree with you about the sky not falling.  I wish that same logic was applied to the coronavirus as well.

Offline Omni

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Re: Government Day-to-Day
« Reply #409 on: May 15, 2020, 03:48:23 pm »
No, but you're squeezing out spending on other programs when you expand the amount of money needed to just service debt.  Anyways, I agree with you about the sky not falling.  I wish that same logic was applied to the coronavirus as well.

The rate of corona cases is leveling because people are applying similar logic.

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #410 on: May 15, 2020, 04:04:22 pm »
Harper added $150 billion dollars in debt over 9 years.

This number is true.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #411 on: May 15, 2020, 04:06:32 pm »
If Canada loses AAA, basically everyone loses AAA, and it's a wash.

That's the one good thing from this, everyone is taking the hit too, which helps our situation a bit.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #412 on: May 15, 2020, 04:09:07 pm »
Nope, never said it was the highest it ever was under Harper.

You're a liar like your boy Trump.

Actually our debt to gdp ratio was the highest it's ever been under Harper.
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 #413 on: May 15, 2020, 04:15:27 pm »
You're a liar like your boy Trump.

I said "highest since the 70's" please read before you comment.

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #414 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.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #415 on: May 15, 2020, 04:18:27 pm »
I said "highest since the 70's" please read before you comment.

Doubling-down on lies.
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 #416 on: May 15, 2020, 04:23:54 pm »
Doubling-down on lies.

Sorry if you can't read well. Somewhere in what I posted there is a graph which shows you how much debt Harper created during his term. Have a look.

Offline JMT

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Re: Government Day-to-Day
« Reply #417 on: May 15, 2020, 04:32:06 pm »
No, but you're squeezing out spending on other programs when you expand the amount of money needed to just service debt.

Debt servicing is predicted to be stable to falling, even with this.

Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #418 on: May 15, 2020, 06:24:05 pm »
Debt servicing is predicted to be stable to falling, even with this.

For how long?  Links with evidence.
I can tell how good of a person you are by how you treat the people you disagree with.
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Offline JMT

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Re: Government Day-to-Day
« Reply #419 on: May 15, 2020, 06:57:28 pm »
For how long?  Links with evidence.

For 30 years. Even if we take on significantly ore debt,  our old higher rate debt is about to be rolled over at a lower rate. I already should you the bond yield.