The deficit

[Gaétan]

For the right-wing parties, the deficit does not matter because they are sums that must be reimbursed to the rich. The intelligent left-wing parties go for the money where it is and there is no deficit.

[Greg]

@Gaétan The thread title is poorly constructed. If you want people to actually contribute to your threads, you need to provide more context than two words.

Also, a two sentence post isn't going to attract much either - so I would edit this thread/post and provide more context.

[Gaétan]

Radio-Canada, as it is wont to lie, called the budget, which has a deficit of $40 billion, a left-wing budget. What kind of left is going to borrow $40 billion from those who put their profits in tax havens? Radio Canada is the most deceitful media outlet in Canada. We must be wary of misinformation in the media. The true left starts by collecting the billions that are placed in tax havens and you don't have a deficit. This is a right-wing budget.

[August1991]

On 4/16/2024 at 11:36 AM, Gaétan said:

For the right-wing parties, the deficit does not matter because they are sums that must be reimbursed to the rich. The intelligent left-wing parties go for the money where it is and there is no deficit.

As Greg noted, please fix your thread title.

You pose good questions.

Federal Canada's debt is well below 100% of GDP. Like Norway, Quebec has the Caisse - mostly in US dollar denominated paper.

The US federal government bonds are closer to a Ponzi scheme.

[August1991]

I think this April 2024 federal budget is wise

I would raise further the tax on any capital gain. Why should a capital gain be taxed less than any labour earning?

====

I object to the federal spending. Wasted.

 

 

 

 

 

[Aristides]

22 minutes ago, August1991 said:

I think this April 2024 federal budget is wise

I would raise further the tax on any capital gain. Why should a capital gain be taxed less than any labour earning?

====

I object to the federal spending. Wasted.

 

 

 

 

 

Because it encourages people to invest in actual business that create wealth instead of just interest bearing accounts that do not.. 

[Aristides]

34 minutes ago, August1991 said:

As Greg noted, please fix your thread title.

You pose good questions.

Federal Canada's debt is well below 100% of GDP. Like Norway, Quebec has the Caisse - mostly in US dollar denominated paper.

The US federal government bonds are closer to a Ponzi scheme.

Canada's total government debt is well over 100% GDP. Using net debt is a con because it is debt remaining after government sells all its liquid assets.

Why is the Caisse buying US paper if it is a Ponzi scheme?

[August1991]

10 minutes ago, Aristides said:

Because it encourages people to invest in actual business that create wealth instead of just interest bearing accounts that do not.. 

The gain is sufficient. Risk is risk. Tax is tax.

Government bureaucrats cannot pick winners in life.

[August1991]

7 minutes ago, Aristides said:

Canada's total government debt is well over 100% GDP. Using net debt is a con because it is debt remaining after government sells all its liquid assets.

Why is the Caisse buying US paper if it is a Ponzi scheme?

Disagree.

The problem is not how much water is in the pool - it is whether it is rising/falling - and why.

====

In Canada, all governments added together, the pool is high. (Hydro-Quebec and the Caisse make Quebecers remarkably frugal. Typical Normans.)

But with this current federal Liberal government, the pool level is falling.

We are losing water for nothing.

[Aristides]

12 hours ago, August1991 said:

The gain is sufficient. Risk is risk. Tax is tax.

Government bureaucrats cannot pick winners in life.

Investors can.

[Aristides]

20 hours ago, August1991 said:

As Greg noted, please fix your thread title.

You pose good questions.

Federal Canada's debt is well below 100% of GDP. Like Norway, Quebec has the Caisse - mostly in US dollar denominated paper.

The US federal government bonds are closer to a Ponzi scheme.

The government loves to use net debt to GDP but are you aware that number uses CPP and Quebec pension plan assets which amount to over 650 billion to bring that number down. It's a bullshit number unless you are prepared to give up your pensions.

Edited April 18 by Aristides

[eyeball]

On 4/17/2024 at 7:23 AM, Gaétan said:

The true left starts by collecting the billions that are placed in tax havens and you don't have a deficit.

I'd rather get the country's of the world to all set the same tax rate and then nuke the havens if they insist on remaining havens.

Level the playing field.

[eyeball]

1 hour ago, Aristides said:

It's a bullshit number unless you are prepared to give up your pensions.

Or they are prepared to take them.

Dun dun duhhhhh!

[August1991]

On 4/18/2024 at 7:35 PM, Aristides said:

The government loves to use net debt to GDP but are you aware that number uses CPP and Quebec pension plan assets which amount to over 650 billion to bring that number down. It's a bullshit number unless you are prepared to give up your pensions.

Disagree,

In Canada, because of some Quebecers, we have a large pool.

At issue is how we spend the money.

[Aristides]

1 hour ago, August1991 said:

Disagree,

In Canada, because of some Quebecers, we have a large pool.

At issue is how we spend the money.

Disagree all you want but the government includes pension assets when it gives you its BS net debt to GDP number.

[August1991]

On 4/19/2024 at 10:14 PM, Aristides said:

Disagree all you want but the government includes pension assets when it gives you its BS net debt to GDP number.

Canada is a remarkable country. Distinct from the US.

Our monetary history is proof.

======

The English-Canadian author Margaret Atwood wrote a foolish book about debt.

Heck, she wrote a foolish and badly written novel about Canada: "Survival"

To make money, she eventually appealed to a particular part of the US audience and wrote The Hand Maid's Tale.

I have not read Alias Grace. I am told it is good.

Edited April 22 by August1991