RNG
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Posts posted by RNG
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Serious question. When is the last time a leader allowed party members to speak out against the party line with impunity? I seem to remember one short-lived Saskatchewan NDP government that tried that.
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The available reports on this weapon are lacking in technical specs. If, as I suspect it is a mercaptain, it is, in fact toxic
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See the problem is how you think it happened and how it actually happened is the difference.
See propaganda can be that way.
Look at the link then criticize.
It's what the NEP caused in your universe I am referring to.
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on the contrary... as you can see the deficits were massively smaller than the Harper Government's
http://www.cbc.ca/news/interactives/canada-deficit/
As you can see the liberals had very low deficits and surpluses while the conservative government had very high deficits.
Bear in mind the late 70's was a global energy crisis, and if not for Trudeau's NEP Canada's oil wealth may not have been developed.
NEP stopped Imperial Oil's monopoly in the west. They wanted to limit supply. Some 90% of Canadian oil was owned by foreign companies giving Canadians an absence of domestic control at a time when there was an ongoing energy crisis and oil shortage. If oil was earmarked only for export to the US Canadians would go without.
What alternate universe were you living in at the time?
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Of great interest to me is the number of cities in the US who have declared bankruptcy and have blamed the onerous and unfunded public service pensions and associated benefits as the primary cause. Again in some political jurisdictions, this potential hazard has been addressed and rectified. Alberta IIRC has done a relatively good job at this, but it is still cause for concern.
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I don't think one can trust anything the IMF says either.
I often have similar thoughts. Look at the variety of debt to GDP ratios I posted from different sources. So who do you trust? I'm not sure who can be trusted.
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The lenders know the risks they take when they lend money. If the entity they lend to becomes insolvent, their investment is lost, minus anything they can recover in bankruptcy proceedings. It is not the responsibility of anyone else to bail out lenders that made risky bets.
The point I am making is that countries are spared the bankruptcy and the lenders are left in the lurch. Look at what has happened to those to whom Argentina owes. And if you hold Greek debt you are, I believe, limited to 30% recovery, if you ever get that rather than being able to attach Greek assets as you would in a corporate or private bankruptcy.
So Greece defaulting (and no matter how pretty a phrase you come up with, that's what happened) screwed Cypress and now the taxpayers in the other EU countries and any creditors of Cypress get further hosed.
Just let them sink.
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No I cited and quoted the head of the CBO you might want to go back and reread the thread Shady. If debt to GDP is going down then what are you crying about that is your whole argument that RR budgets that NEVER balanced were just fine. I guess your flipping and flopping all over the place again Shady.
Here again is exactly what the head of the CBO said as you have been told several times.
"while it may boost the country’s GDP in the short-term, in the
long-term, the effect of such spending is a net negative on GDP growth."
What is there about that statement you don't understand?
And for your interest, Wikipedia tells me that the US spent $3.5T and change in 2012. Several sources say the sequester causes a $85B reduction. One of many hits for "sequester cuts" is http://www.washingtonpost.com/blogs/wonkblog/wp/2013/02/20/the-sequester-absolutely-everything-you-could-possibly-need-to-know-in-one-faq/
That is 2.4%. And Obama is crying like a baby and making sure the cuts happen at the worst places in terms of making his citizens suffer for political gain.
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It's difficult to compare the unemployment rates between the US and Canada because of policy differences. In the US, people with few marketable skills are much more likely to wind up in one of two places where they won't show up in the unemployment stats. Those two places are:
- prison
- the military
It has been argued (and I agree) that official unemployment stats are 1-2 points lower because of the large number of disadvantaged people who show up in one or both of these categories.
But as I said, in the case of the US, the government figures do not include those who have exhausted their unemployment benefits. So my American friends tell me the real rates in the US is way higher. I'm not sure how the Canadian figure is arrived at.
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Debt to GDP ratio is around 34%. Here's a link to the CBC budgetary commentary - and the CBC are no fans of the Tories. Shortlived - this is at least twice that you have accused others of lying (Trudeau's membership/voter numbers) or fabricated numbers with no links to back up your claims. You risk being put on IGNORE by members unless you more constructively participate.
Link: http://www.cbc.ca/news/politics/story/2012/03/29/federalbudget-flaherty-hilights.html
Here's a fun graph for a whole bunch of countries from wsj.com - But it shows our debt to GDP as being 82%.
Other sources I found in google range from 30% to 43%.
What gives? Or is it another example of statistics don't lie but liars use statistics.
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Admittedly these are trivial amounts in the overall scheme of things but it does bring up a complex point. Under what circumstances is the government justified in not explaining their expenditures to the public? These strike me as being a long way removed from national security but they may infringe on personnel issues which may need to be kept private. Any others?
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I just want to know when are we going to stop. Argentina has defaulted on it's debt at least twice. Mexico at least once. Greece and Iceland also although they have invented pretty words for them, just like it's not printing money, it's quantitative easing and it's not an illegal alien it's an undocumented worker. Why does "the system" save them? And why is it OK for "the system" to screw the lenders and not give them any means of minimizing their losses?
When I see the people of Greece and Cypress protesting against austerity measures I honestly think they deserve to starve if they are that unaware of the real world.
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@ Argus. One must be very careful quoting government issued employment data. The official 7.7% the US quotes is widely laughed at by my American friends. Many of them quote something they call the G6 or something rate which they say is really over 12%. Apparently the 7.7% figure is just those currently receiving their version of employment insurance. And although the Japanese rate of those actively looking for a job is 4.6% according to a quick google search I just did, that is still twice the long term average for Japan.
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More from my right wing bubble, the Obama dominated Congressional Budget Office.
Here is the CBO's read on stimulus spending. You are OK but quit hurting my grandchildren.
Testifying before the Senate Budget Committee today, Congressional Budget Office director Douglas Elmendorf reiterated his initial
assessment of President Obama’s $800 billion “stimulus” package — that
while it may boost the country’s GDP in the short-term, in the
long-term, the effect of such spending is a net negative on GDP growth. -
I honestly have no idea what you are talking about. It seems that you are caught in the right wing bubble because you clearly understand nothing which is why I keep asking for details from you. I am trying to force you to do some research to back your opinion because it is supported by nothing. Obama put chained CPI on the table that is a huge cut and not something I support but that wont stop you from repeating half truths all over the place. Again please support your opinions with some facts. Obama's alternative to the sequester had 930 BILLION IN CUTS IN IT! GET OUT OF THE BUBBLE!!!
As for your significant cuts argument. Making significant cuts during a recession leads to the same sized deficits with higher unemployment. What you are arguing for is the same over spending with less people employed. Look at the UK how did their large cuts work out for them? See look at me providing real world examples we can talk about instead of BS.
Except your real world example is purely out of your imagination or some left wing blog. I posted real links and references which you obviously don't read. You spout platitudes, rhetoric and insults.
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I doubt if you'll send anything different for Leitch, because she already has two jobs, one in Ottawa and the other rushing back home to perform operations at the hospital in her area. Adams, is a little too close to the robocalls in Guelph and Alexander, well he was the Ambassador in Afhganistan, when the toruring was going on. It doesn't really matter about the changes anyway because Canadians are onto this party, what it has done and want it will probably try to do.
I'm not being challenging at all, an honest question. Do you really think the Afghan torture is an issue for Alexander?
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Americans' corporate taxes are still insanely high compared to ours. Ours are working out much better for us because they are much lower.
And yes, our unemployment is much better now than it has been during times when other countries were experiencing economic troubles. Even minor recessions that were nothing compared to what's still happening around the world led to unemployment much higher than now. People do not understand just how bad it is out there. Our government is doing an amazing job compared to just about anyone else who has ever been tasked with the job in this country or anywhere else.
That said, yes the bar has been set very low. They're better than anyone else, but still way short of my expectations.
Very well said.
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But at least he isn't promising Hope and Change.
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Want to back that up with some facts considering Obama provided a plan to avoid the sequester with a balance mix of revenue increases and spending cuts? You know that thing he won and election running on?
He won the election on not being Romney and not being anti-evolution and such.
It is your consistent view that any cuts are bad that is what I am arguing against. And the apparent view that Obama did all things right. The US needs to cut their spending significantly. If Obama didn't like the manner in which to cut spending presented by the Republicans, actually cut and not just slightly decrease the rate of increse, then why didn't he present something with actual cuts in it.?
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I don't see the China economy overtaking the American economy by 2016. I also don't see their currency being used in place of the American dollar. They'd have to cease their currency manipulation first, and that would undermine their growth.
The US government itself has the same view, just on a different time frame.
WASHINGTON, Dec 10 (Reuters) - China's economy is likely to surpass
the United States in less than two decades while Asia will overtake
North America and Europe combined in global power by 2030, a U.S.
intelligence report said on Monday.
"Meanwhile, the economies of Europe, Japan, and Russia are likely to continue their slow relative declines," it said.
The report, "Global Trends 2030: Alternative Worlds," was issued by
the National Intelligence Council, an analytical arm of the U.S.
government's Office of the Director of National Intelligence. In
addition to U.S. intelligence analysts, the report includes the views of
foreign and private experts and can be seen here.
From http://www.huffingtonpost.com/2012/12/10/china-economy-surpass-united-states_n_2271781.html
When I first saw this story it was atributed to the State Department.
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It was actually the White House that came up with the sequestration idea. Furthermore there's nothing to blame on anyone. The federal government is still going to spend more money this fiscal year than last, so there isn't an actual cut in spending, just a cut in the growth of spending by like a half a percent.
Exactly the point Whittle was making. And it does appear to me, and many commentators in the US that Obama is choosing to make these in the most painful and news making ways possible for political gain.
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False
Unless you can provide a link showing Germany with a weaker performance than Canada?
Germany is a G7 country,no?
WWWTT
Germany's banks were at greater risk than Canada's although they didn't Iceland. And our GDP remained better through the whole mortgage melt-down. Germany was the star of Europe, no doubt about it, but on most metrics, Canada did better.
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May the real RNG please stand up.
WWWTT
I'm consistent in being very fiscally conservative but socially liberal. And I'm not sure if socially liberal is the correct term, in that I am more in favor of the government being involved in a few things as possible. If such a thing were available here, I'd be a member of a party with the same agenda as the Libertarian Party in the US. (If you want to get truly scared, look at the Libertarian Party of Canada website.)
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It depends on where you live but in the more expensive cities, it's cheaper over time to rent. The problem is that most people don't have the financial discipline to save the difference. So, over time, renters will usually wind up poorer, all other things being equal.
After getting the first home, and getting to the point of having equity in it, I think, baring some short-term real estate slumps, home equity wins.
revolt ignited among 20+ Tories MP
in Federal Politics in Canada
Posted
It better be tolerated or the CPC will be shooting itself in the foot like the Wildrose Party did in Alberta and the Republicans have been doing for two election cycles or more in the states.