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PostPosted: Mon Sep 02, 2013 5:15 pm
 


Ok, I personally believe I dont think there is much logical reason the Canadian economy is going to get much better so its best to get our debt under control in case the economy gets works. Then today I came across these.
National Post Article from 2012
http://business.financialpost.com/2012/ ... -saturday/

National Post Article from 2014
http://opinion.financialpost.com/2013/0 ... ll-rising/

Article one says our national debt is at 600 billion as of 2012.
Article two says our national debt is at 1.2 trillion dollars as of 2013.

What the f is the government doing with our money?!?! I use to think Canada was one of the countries in the world that can do anything it dreamed of once it paid off its debts... Now Im starting to wonder what the hell is the government doing!


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PostPosted: Mon Sep 02, 2013 6:09 pm
 


They spent the money that the Libtards and the NDP wanted spent.





PostPosted: Mon Sep 02, 2013 6:17 pm
 


I think you're comparing federal debt to the sum of federal and provincial debts across Canada. There wasn't 700 billion in stimulus spending.

There's a part in your second link with a more useful number for that comparison.

Quote:
Add on the current federal net debt of $676-billion and Canadians are currently leaving a legacy of $1.2 trillion dollars in debt to the younger generations, an increase of more than $350-billion since 2007-08.


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PostPosted: Tue Sep 03, 2013 10:54 am
 


guess my frustration is if I had any debt I would have no choice to pay it, why a group of people that work for us think they can get away with it....


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PostPosted: Tue Sep 03, 2013 10:56 am
 


keithh wrote:
guess my frustration is if I had any debt I would have no choice to pay it, why a group of people that work for us think they can get away with it....

huh?


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PostPosted: Tue Sep 03, 2013 11:00 am
 


Lemmy wrote:
keithh wrote:
guess my frustration is if I had any debt I would have no choice to pay it, why a group of people that work for us think they can get away with it....

huh?


I think he means that individuals have to pay their debst while governments just shrug it off, refinance it, and kick the can down the road.


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PostPosted: Tue Sep 03, 2013 11:22 am
 


BartSimpson wrote:
Lemmy wrote:
keithh wrote:
guess my frustration is if I had any debt I would have no choice to pay it, why a group of people that work for us think they can get away with it....

huh?


I think he means that individuals have to pay their debst while governments just shrug it off, refinance it, and kick the can down the road.


So can individuals.

Happens everyday.





PostPosted: Tue Sep 03, 2013 5:08 pm
 


keithh wrote:
guess my frustration is if I had any debt I would have no choice to pay it, why a group of people that work for us think they can get away with it....


peck420 wrote:
BartSimpson wrote:
Lemmy wrote:
huh?


I think he means that individuals have to pay their debst while governments just shrug it off, refinance it, and kick the can down the road.


So can individuals.

Happens everyday.



It ties in nicely with the Attawapiskat thread though. Why should people today have to honour obligations of 142 years ago?

There should be some number. So we can just tell whoever owns that debt after 125 years or whatever: "We're not giving you anything, dead people made that deal. What do you want the white race to pay for that?"

I think they tried something like that in Cuba though, and it didn't go well.

stratos wrote:
Wow you really have no clue about sarcasm do you. :roll:


If anyone gets sarcasm, it's this guy right here. [stupid]


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PostPosted: Fri Oct 11, 2013 7:45 am
 


keithh wrote:
guess my frustration is if I had any debt I would have no choice to pay it


The relevant question is: why do you have debt in the first place?

Hopefully, it's to add assets that will increase income in the future. Debt isn't a curse, it's a tool. As long as the economy is growing faster than the rate of interest on the debt (and currently it is not), there's no need to ever "pay off" the debt.

If you could save money at 3.5% and borrow at 3%, would you ever pay off your debt, or would you borrow as much as possible?


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PostPosted: Fri Oct 11, 2013 7:49 am
 


neopundit wrote:
The relevant question is: why do you have debt in the first place?


Because it's a means for the banking cartels to get their hands on vast amounts of the public treasury without anyone really paying attention.


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PostPosted: Fri Oct 11, 2013 7:58 am
 


neopundit wrote:
If you could save money at 3.5% and borrow at 3%, would you ever pay off your debt, or would you borrow as much as possible?

You find me a lender who'll pay a higher rate on savings than on lending and I'll eat my shoe.


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PostPosted: Fri Oct 11, 2013 8:01 am
 


Lemmy wrote:
neopundit wrote:
If you could save money at 3.5% and borrow at 3%, would you ever pay off your debt, or would you borrow as much as possible?

You find me a lender who'll pay a higher rate on savings than on lending and I'll eat my shoe.


Exactly. And if they did offer higher interest on savings than on loans then they'd absolutely eat up any gains with a legion of 'service fees' on the savings accounts.


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PostPosted: Fri Oct 11, 2013 8:08 am
 


BartSimpson wrote:
neopundit wrote:
The relevant question is: why do you have debt in the first place?


Because it's a means for the banking cartels to get their hands on vast amounts of the public treasury without anyone really paying attention.


I assume you paid cash for your house then?


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PostPosted: Fri Oct 11, 2013 8:09 am
 


Lemmy wrote:
neopundit wrote:
If you could save money at 3.5% and borrow at 3%, would you ever pay off your debt, or would you borrow as much as possible?

You find me a lender who'll pay a higher rate on savings than on lending and I'll eat my shoe.



You're not the government. It was an analogy.

But there have been opportunities when home prices have risen faster than mortgage rates which would have the same effect.


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PostPosted: Fri Oct 11, 2013 8:12 am
 


neopundit wrote:
You're not the government. It was an analogy.

But there have been opportunities when home prices have risen faster than mortgage rates which would have the same effect.

But you have to eat, even if the value of your house is increasing. Or are we taking an annuity out of the equity as we go? You're missing a key piece of puzzle in your logic.


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