Toronto Escorts

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

JohnLarue

Well-known member
Jan 19, 2005
16,157
2,147
113
.....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
 

guelph

Active member
May 25, 2002
1,500
0
36
77
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/opi...it-and-other-things-this-election-isnt-about/
 

Boober69

Well-known member
Feb 23, 2012
6,722
263
83
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/opi...it-and-other-things-this-election-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/article/prime-minister-trudeau-on-track-to-set-record-for-increasing-federal-debt
 

bver_hunter

Well-known member
Nov 5, 2005
27,331
5,556
113
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/article/prime-minister-trudeau-on-track-to-set-record-for-increasing-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-government-debt-deficits-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!!
 

JohnLarue

Well-known member
Jan 19, 2005
16,157
2,147
113
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/opi...it-and-other-things-this-election-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
 

Frankfooter

dangling member
Apr 10, 2015
79,717
17,562
113
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?
 
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