Canadians are over spending,

[Guest Peeves]

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This simply cannot go on. Everyone thinks their cause is THE cause.

When I was young we paid our way.Today it's a gimmeee more world.

I gave our grandson a $ 10.00 bill and he simply grunte as if it was a loonie.

Now he's a good kid, parents too, but they never turn lights out, buy bottled water. Take government programs like support for kids sports and the like as entitlement. The government doesn't have a dime, they have our money and they keep wanting more so they can 'give' us more...I think the train is at the station, and done gone. Premier, Dalton McGuinty had best pull in his cheque book and drop the free loaders.

[dre]

My link

This simply cannot go on. Everyone thinks their cause is THE cause.

When I was young we paid our way.Today it's a gimmeee more world.

I gave our grandson a $ 10.00 bill and he simply grunte as if it was a loonie.

Now he's a good kid, parents too, but they never turn lights out, buy bottled water. Take government programs like support for kids sports and the like as entitlement. The government doesn't have a dime, they have our money and they keep wanting more so they can 'give' us more...I think the train is at the station, and done gone. Premier, Dalton McGuinty had best pull in his cheque book and drop the free loaders.

The problem with how youre looking at this, is really all this spending is a SYMPTOM not the problem. A virtually endless supply of dirt cheap easy credit the underlying problem. And globalism itself is a big problem as well, because it has internationalised government paper.

Put quite simply, this is simply how the global fiat empire works. Since 1971, governments have addressed literally EVERY problem that has ever emerged by just dumping money and credit into the economy. Its not just a Canadian or American thing but a problem for pretty much every single western country, especially the ones that have exported productive capacity.

As long as the government can fund itself by selling treasuries to foreigners this is how they are going to behave, and as long as we run big trade deficits with countries like China, there is going to be a market for all this fake paper wealth.

[jacee]

My link

This simply cannot go on. Everyone thinks their cause is THE cause.

When I was young we paid our way.Today it's a gimmeee more world.

And that's the way predatory capitalism works ... creating sheeple who consume more than they can pay for thus keeping the 1% swimming in interest payments on public and private debt.

And it's true it has to change.

But don't blame the kids for the system we allowed to develop that way.

[Guest Peeves]

And that's the way predatory capitalism works ... creating sheeple who consume more than they can pay for thus keeping the 1% swimming in interest payments on public and private debt.

And it's true it has to change.

But don't blame the kids for the system we allowed to develop that way.

There's enough blame to go around, and our kids are part of it. My kids were told to turn off lights when they left the room...etc.

But there has been an attitude of entitlement created by both our governments program and the media.

God forbid a kid doesn't have a cell, or a costly video game I box or the like. Doesn't matter if it goes on credit. Doesn't matter if tap water is as potable as bottled, doesn't matter if you're alive if you can't text.

Yup, parents are to blame, and they will take it in the neck when they pay and pay and their retirement years get further away and their taxes eat up their wage.

Greece is the canary in the mine.

[mentalfloss]

And that's the way predatory capitalism works ... creating sheeple who consume more than they can pay for thus keeping the 1% swimming in interest payments on public and private debt.

And it's true it has to change.

But don't blame the kids for the system we allowed to develop that way.

This is the most correct response. While people have to take the burden to be fiscally responsible themselves, the greater burden is on corporations. Government needs to step in and reduce their influence on the public, while also penalizing consumers for overspending.

In other words, corporate taxes need to go up and personal credit needs to go down.