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Thread: Canada’s CRIPPLING Debt Problem! – Why Canada Is Heading For COLLAPSE

  1. #1

    Canada’s CRIPPLING Debt Problem! – Why Canada Is Heading For COLLAPSE

    Don't worry. The economy will take care of itself. Justin said so. And Poloz has everything under control. What your witnessing for the astute amongst us is a crime scene.

    https://www.investmentwatchblog.com/...-for-collapse/

  2. #2
    .....just like the debt crisis caused by another Trudeau!

  3. #3
    Quote Originally Posted by Orion1027 View Post
    .....just like the debt crisis caused by another Trudeau!
    Justin has been a fool, but Granny Wynn deserves a lot of the credit too
    The seeds for this night mare have been sowed by the public sector unions, particularly in Ont

  4. #4
    Why are the major debt increases of conservatives ignored?


    ************ Trudeau 1968-79 1980-84 Debt: $157.2 billion 738.7% increase

    Brian Mulroney 1984-94 Debt: $487.5 billion 67.7% increase

    Jean Chretien 1994-2004 Debt: $496.2 billion 1.8% increase

    Paul Martin 2004-06 Debt: $481.5 billion 4.7% decrease

    Stephen Harper 2006-2014 Debt: $541.9 billion 12.6% increase



    https://www.theglobeandmail.com/opin...on-isnt-about/

  5. #5
    Quote Originally Posted by guelph View Post
    Why are the major debt increases of conservatives ignored?


    ************ Trudeau 1968-79 1980-84 Debt: $157.2 billion 738.7% increase

    Brian Mulroney 1984-94 Debt: $487.5 billion 67.7% increase

    Jean Chretien 1994-2004 Debt: $496.2 billion 1.8% increase

    Paul Martin 2004-06 Debt: $481.5 billion 4.7% decrease

    Stephen Harper 2006-2014 Debt: $541.9 billion 12.6% increase



    https://www.theglobeandmail.com/opin...on-isnt-about/
    No one sets debt records like the Liberals.
    Ontario has one under Wynne, and JT is out to set his own.

    https://www.fraserinstitute.org/arti...g-federal-debt

  6. #6
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    Quote Originally Posted by Boober69 View Post
    No one sets debt records like the Liberals.
    Ontario has one under Wynne, and JT is out to set his own.

    https://www.fraserinstitute.org/arti...g-federal-debt
    Let's look at the whole picture rather than nitpick like the right wing press and Fraser Institute deliberately leave out:

    According to the Department of Finance, the government posted a budgetary deficit of $14 billion for the fiscal year that ended on March 31, 2019. (Compare that, for example, with the U.S., which just recorded a deficit topping a trillion dollars.)

    The federal debt (the difference between total liabilities and total assets) stood at $685.5 billion and Canada's net debt is $768 billion. Meanwhile, U.S. debt is more than $22 trillion.

    Currently, Canada''s debt-to-GDP ratio stands at 30.9. According to Liberal projections, it will shrink to 30.2 per cent of GDP in 2023-2024.

    For a comparison, before Chrétien and Martin embarked on a series of cuts, the federal debt-to-GDP ratio was 66.8. It was at its highest in 1946 at 108.9 per cent and at its lowest in 1913 at 11.3 per cent.

    The reason the Liberals like to focus on this measurement is that Canada's debt-to-GDP ratio is the lowest among the G7 countries. For example, the figure for Japan is 237.5 per cent of GDP, 106.7 per cent for the United States and 99.2 per cent for France.

    But the figure used by the Canadian government doesn't include the debt from all levels of government, like the provinces and municipalities. When those figures are included, the ratio, according to the International Monetary Fund, jumps to 88 per cent.

    What about our debt per person?

    That may be an easier way for people to understand our debt. The Canadian Taxpayers Federation calculated that every Canadian's share of the debt is a little over $18,000. (Compare that to the U.S., which, according to the U.S. Debt Clock, estimates debt per citizen at just under $69,000 US)
    https://www.cbc.ca/news/federal-gove...cits-1.5303554

    If we condemn the Trudeau Government, than why do the right wingers give a pass to Trump and the manner in which he is ballooning the deficits / debts in the USA. They absolutely worship him!!


    On ignore: Disrespectful Individuals!!

  7. #7
    Quote Originally Posted by guelph View Post
    Why are the major debt increases of conservatives ignored?


    ************ Trudeau 1968-79 1980-84 Debt: $157.2 billion 738.7% increase

    Brian Mulroney 1984-94 Debt: $487.5 billion 67.7% increase

    Jean Chretien 1994-2004 Debt: $496.2 billion 1.8% increase

    Paul Martin 2004-06 Debt: $481.5 billion 4.7% decrease

    Stephen Harper 2006-2014 Debt: $541.9 billion 12.6% increase



    https://www.theglobeandmail.com/opin...on-isnt-about/
    Harpers increase was in response to the 2008 economic crisis, perhaps saved your job & he worked to a budget

    Justin spent because ..... he likes spending
    He will never have a year of budgetary control.
    An irresponsible approach by someone who was never qualified to accept the responsibility

  8. #8
    Quote Originally Posted by JohnLarue View Post
    Harpers increase was in response to the 2008 economic crisis, perhaps saved your job & he worked to a budget

    Justin spent because ..... he likes spending
    He will never have a year of budgetary control.
    An irresponsible approach by someone who was never qualified to accept the responsibility
    And yet the liberal government here is adding way less deficit than the right wing government in the states.
    The new Ontario right wing government made the deficit higher as well.

    How do you explain that?
    Don’t be a tough guy. Don’t be a fool! I will call you later

  9. #9
    Quote Originally Posted by Big Sleazy View Post
    Don't worry. The economy will take care of itself. Justin said so. And Poloz has everything under control. What your witnessing for the astute amongst us is a crime scene.

    https://www.investmentwatchblog.com/...-for-collapse/
    what about Trump's deficit? Or do you just attack liberal deficits?

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