What is Stephen Harper's plan to get Canada out of $5.2B debt

[Biz Liz]

Does he have a written plan somewhere that explains how he plans to get Canada out of debt? Does anyone have a link to a published plan, and not just a verbal promise? According to the current defict every Canadian citizens owes $60,000. How the hell did we get so far in debt?

Edited October 8, 2015 by Biz Liz

[August1991]

Does he have a written plan somewhere that explains how he plans to get Canada out of debt? Does anyone have a link to a published plan, and not just a verbal promise? According to the current defict every Canadian citizens owes $60,000. How the hell did we get so far in debt?

Is "Canada" in debt?

"Canada" has rocks, trees, houses, factories, hydro-electric dams, smart people willng to work, patents, music with royalties into the future and so on...

I reckon that Canada has a positive balance sheet. Canada is not in debt.

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Should the federal government use the assets of "Canada" as collateral to borrow and buy more stuff for bureaucrats in Ottawa or friends of a particular political party, that's another question.

"Canada" is not in debt and "Canada" can borrow and spend much more. The question is how to let politicians use this good crediting rating.

After all, the politicians spend our money and borrow using our collective credit rating (our willingness to pay taxes)

Edited October 8, 2015 by August1991

[AngusThermopyle]

Oh boy! A whole 5.2 bil! Being a resident of Ontario I'm far more interested in Wynnes plan to get us Ontarian's out of the 300 Billion or so debt we owe, half of which was racked up in about 12 years by Liberals. Canada's debt of 5,2 is petty change compared to that. Why do the people who rail against 5.2 never talk about the almost 300 Billion?

[Moonlight Graham]

These numbers are wrong. We're about $600 billion in debt federally, not 5.2 bn. Add the provinces debts to the total and Canada's government is over 1 trillion in debt.

Edited October 8, 2015 by Moonlight Graham

[GostHacked]

These numbers are wrong. We're about $600 billion in debt federally, not 5.2 bn. Add the provinces debts to the total and Canada's government is over 1 trillion in debt.

I am still trying to figure out who all this money is owed too.

[PIK]

ONT deficit is bigger then all of Canada. But again nobodies talks about that. But if the rest of Canada wants to see what ONT went thru votr trudeau. Because he loves everything wynne has done.

[Argus]

Does he have a written plan somewhere that explains how he plans to get Canada out of debt? Does anyone have a link to a published plan, and not just a verbal promise? According to the current defict every Canadian citizens owes $60,000. How the hell did we get so far in debt?

Gee, maybe voting for a guy named Trudeau, who hit upon a surefire election winner: promise people lots of goodies, but don't make them pay for them. Eleven deficits later we had a big fat debt just in time for interest rates to shoot up to 20%.

Now his son has decided to re-roll that strategy.

[nerve]

Getting Canada out of Debt, yeah, thats a good one, what is this the 90's?

Its the Ontario game Canada is playing, how much more can we borrow before our credit is rated as "GREECE-"

Harper's Game - we gotta have well-off people, why not us = dump it on the people

Justin - Socialist Tax+Spend = On the nation, it'll sort itself out eventually, debt is just another bond.

NDP Game - whoever has money, he'll if they are doing so well why not take it off the top.

Personally it should go something like this - CUT YOUR COSTS.

but really it doesn't matter. Paying off the debt IS NOT IN THE PLANS FOR ANYONE FOR ATLEAST A FEW YEARS.. if oil bottoms out it will likely be 5 to 10 years before the books can be balanced. We are talking another 20 billion being hacked off the government rolls - FEDERALLY - and as much needing to be chopped off provincial budgets around Canada. Already CPI is going up, and if the trade deficit goes lop sided expect goods to go up in price.

Of course there are big ticket items that may be needing to be fit into upcoming budgets too, like an airforce, munitions, WWIII, etc.. Some of these are more likely than others. A whole lot need not be spent but government waste is a "expectation" of any government.

5.2 billion where the heck did that number come from, next years budget forecast?

Learn a little about federal finance and post back.

We can expect that the books were doctored if they expected to be going out to dump a crapload of debt and structural issues on whomever forms government next year. Just how bad things are will be anyones guess, no one will know until someone else can look at them.

It would take 20 years or more of serious belt tightening to pay off the debt at this point.

It is almost becoming redundant at this point. 10 years ago maybe made sense, now not as much since Canada itself is being eroded, not much will be left in 20 years to really matter.

Totally different world in 2035.

No government that wants reelection would ever touch public service staffing levels or health care and that is what needs to be cut to even hope of getting rid of the Canadian Federal Government debt. It is just free interest money for the banks these days. You know we get 10% of the taxes raised each year for helping you embezzle money to partisan purposes.

Edited October 9, 2015 by nerve

[Truth Or Dare]

Don't worry Liz, he will tell us after the election. Can't you see how busy he is these days? Besides he left the plan on a napkin at Pizza Palace and he sent an aide to go dumpster diving.