this is a disaster
and here you are still trying to pretend all is A-OK, with your bullshit debt to GDP ratio
a Trudeau fan boy to the bitter end.
I really detest people who intentionally try to mislead others
go hide in shame
A warning from Bernie Sanders to America
- Thread starter nottyboi
- Start date
and here you are still trying to pretend all is A-OK, with your bullshit debt to GDP ratio
a Trudeau fan boy to the bitter end.
I really detest people who intentionally try to mislead others
go hide in shame
Actually
Finances of the Nation is an awesome source. Ya, while the interest paid on the debt is extremely annoying (about the same as we spend on Defense), I can't agree with those that Chicken Little that we're doomed. As you've pointed it, it's not all that different from the past. I'd have to re-look at the source to see if it's cumulative or just annual amounts. A LOT of the current debt forecast is the billions and billions that we apparently owe the First Nations. That is another subject.
Not true. Not even close. You really need to do your research before you develop your opinions. How about giving a reference for your Chicken Little stuff.
OECD Tax Rates by Country 2024
Assuming you're referring to Personal Taxation, at 100% of the countries average wage, the breakdown is as follows;
United States - 30.5%
United Kingdom - 31.5%
Germany - 44.4%
France - 40.7%
Italy 40.1%
Japan 31.2%
Canada - 30%
Why do you object to debt to GDP ratio? Its a standard way of measuring the ability of any entity to service debt. I would say the debt is somewhat high, but we are only a few years after covid, and that crisis is still reverbreating though the global economy. Meanwhile the loony biden admin started a massive war in Europe and is allowing a massive war in the middle east grow and evolve. Its what happens when you allow a demented old man to run the USA.
Please.
When it comes to $, you know you have no idea so don't even pretend that you do. Just keep posting opinions from other people.Let's look at Wynn's budget and compare to Ford's latest Budget
Per below, in the latest budget,
- Ford is spending 39.61% of the Budget on Health & Long Term care while Wynn spend 28.57% for a differences of ~39%. That's a massive increase in Health Care as a % of the budget. In a $ Per Capita basis (thanks immigration), it's 23% higher.
- For Children , Community and Social Services, Ford is 9.29% and Wynn was 8.37% for a difference of ~11%. On a $Per Capita basis (thanks immigration), it's ~1% less. This is a rounding error.
Looking at a Pareto Chart, homelessness is more of a function of Mental Health, Addiction, and cost of housing. Many of the homeless that you see on the street are not welcome in shelters due to their violent behavior and drug issues.
You really need to stop going to your NDP circle jerks. A LOT of tiny penises there.
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Why do you object to debt to GDP ratio?
Yes it is a standard method but Cash is King. I prefer to see how much cash it takes to service the debt. This means we're spending $ on interest which is a debatable waste instead of other budget items. Plus, if interest rates change (depending on a lot), this would significantly drive up the Debt to GDP ratio and thus...interest... is more 'interesting' than the ratio.
In Ontario, IIRC, interest on the debt is the 3rd? 4th? highest budget item. It used to be 8th only a short time ago. This is not a good news story.
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If that's the case then it's fair to say that less oligarchs support the Republicans than the Democrats.
Which of course raises another question...why?
You have to remember...people like Frankfooter first decide they just don't like someone for reasons such as how they look or speak or shallow reasons like that.Please.
Let's look at Wynn's budget and compare to Ford's latest Budget
Per below, in the latest budget,
PLEASE, tell me where these cuts you're referring to are coming from since they are similar/higher under Ford than Wynn. Your claims are not backed up by reality and you're just repeating FUD 'cause it gives you a boner. He's wacking education, the environment and natural resources to pay for leeching old people's Health Care (as well as Energy & Infrastructure).
- Ford is spending 39.61% of the Budget on Health & Long Term care while Wynn spend 28.57% for a differences of ~39%. That's a massive increase in Health Care as a % of the budget. In a $ Per Capita basis (thanks immigration), it's 23% higher.
- For Children , Community and Social Services, Ford is 9.29% and Wynn was 8.37% for a difference of ~11%. On a $Per Capita basis (thanks immigration), it's ~1% less. This is a rounding error.
Looking at a Pareto Chart, homelessness is more of a function of Mental Health, Addiction, and cost of housing. Many of the homeless that you see on the street are not welcome in shelters due to their violent behavior and drug issues.
You really need to stop going to your NDP circle jerks. A LOT of tiny penises there.
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Then they make up stuff to justify their unwarranted hatred so they don't look like kooks.
1) Ford changed the reporting of the budgetPlease.
Let's look at Wynn's budget and compare to Ford's latest Budget
Per below, in the latest budget,
PLEASE, tell me where these cuts you're referring to are coming from since they are similar/higher under Ford than Wynn. Your claims are not backed up by reality and you're just repeating FUD 'cause it gives you a boner. He's wacking education, the environment and natural resources to pay for leeching old people's Health Care (as well as Energy & Infrastructure).
- Ford is spending 39.61% of the Budget on Health & Long Term care while Wynn spend 28.57% for a differences of ~39%. That's a massive increase in Health Care as a % of the budget. In a $ Per Capita basis (thanks immigration), it's 23% higher.
- For Children , Community and Social Services, Ford is 9.29% and Wynn was 8.37% for a difference of ~11%. On a $Per Capita basis (thanks immigration), it's ~1% less. This is a rounding error.
Looking at a Pareto Chart, homelessness is more of a function of Mental Health, Addiction, and cost of housing. Many of the homeless that you see on the street are not welcome in shelters due to their violent behavior and drug issues.
You really need to stop going to your NDP circle jerks. A LOT of tiny penises there.
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2) Ford's privatization of services means we pay way more for less services, from agency nurses to private surgeries.
3) Ford is cutting $20 billion, which is nearly a quarter of the budget listed there
4) You don't account for inflation
More importantly, ask yourself if ER's are in better shape, if you can get a family doctor or if you think the health care system is better now than under Wynne.
Ontario government to spend $21B less to fund health care: FAO
The FAO documents that Ford's government will fail to fund current health sector programs and deliver on its program expansion commitments.
toronto.citynews.ca
That means your entire rationale of how well you think governments are doing is out of their control and subject to global interest rates.
try including sales tax, carbon tax, property taxes, hidden tax (ie clean fuel standards) etc. etc. etc.
Who said the Dem oligarchs aren't in the same boat? What is coming won't be about partisanship, it will be about economic class.
I don't see data that supports that. Both sides have tech and old economy oligarchs.
no it is not a good news story.
in addition
Debt-to-GDP ratio is very misleading in an inflationary environment
the excessive debt which drove the inflation is already borrowed , set and is unaffected by inflation, meanwhile the GDP gets boosted by inflation driving the ratio down
using debt to GDP rewards the moron for irresponsible fiscal policy by having fools claim the ratio is coming down
case in point Nottybois chart
the moron Justin Trudeau borrowed excessively which drove up inflation and increased nominal GDP
the moron claims he is managing well because the ratio is coming down , meanwhile he had destroy the citizens purchasing power with debt/ the printing press
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What part of
do you not understand ?
The moron Trudeau has made life far more expensive and difficult for Canadians
and all that you offer is pathetic and misleading excuses for him
Its time you woke up
your fanboy hero moron has fucked up this country
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You're not saying anything new or interesting. These are all well know criticisms. Yet I don't hear you proposing accepted, normalized, standard other measures of how good/bad the Debt is.
Please feel free to stretch your thinking beyond your shibboleths.
Actually, I'd make the argument that "how well you think governments are doing is out of their control" is ENTIRELY due to how the US does or doesn't do. We're maybe about to experience this soon. Mouse/Elephant, sneeze/cold...this is widely recognized.
We have a narrow window of freedom and decision making and Canada can nudge positively or negatively. It's actually WAY more easier to fuck it up (i.e. extreme immigration in a short time) than it is to substantially make it better.
The exception being the 2007/2009 Recession/almost depression only due to how our banks are regulated. Another possible exception is the oil price explosion around 2003-2005 which temporarily dramatically increased our GDP. We can dramatically fuck it up by crushing our oil production which leads to significantly less tax revenue which then puts a LOT of pressure on Defense ('the current thing') as well as Health Care transfers to the provinces and other widely beneficial social programs such as UBI.
You can talk about combatting Climate Change all you want but if people don't have jobs, food on the table, and the cost of living escalates they won't accept Climate Change mitigation measures & you'll fail. National/provincial economics trumps quickly trumps everything.
There are NUMEROUS examples of countries ignoring the state of their economy, continuing to spend, and making things significantly worse than what they'd otherwise be. Venezuela after the oil price drops is a very good example.
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