Federal and provincial interest costs for Canadians increasing at alarming rate.

[Army Guy]

9 hours ago, ExFlyer said:

You borrow...you pay interest...what new about that?? LOL

All governments, municipal, provincial to federal borrow to please the public with programs they want so, they have to pay the interest on those loans....what's new about that???

That's not good economics, and don't take my word for it ask any one in Greece....They had the EU dictating their finances for years until they paid back money that was loaned them....You can borrow money that's not the problem, it is paying it back that becomes a problem, even the PBO states and warns that right now before this budget Canada is over extended....and there is no room in case we have an emergency or the next covid...I know Liberals don't pay much attention to the deficit, but it is there in big bold numbers... 

[eyeball]

39 minutes ago, Army Guy said:

.You can borrow money that's not the problem, it is paying it back that becomes a problem

Why, when lenders are willing to keep lending us as much as we want to borrow?

They should be able to see the same writing on the same wall you can but they don't seem the least bit concerned. How do you explain that?

Do they know something the rest of us don't know or are they just nuts?

 

[CdnFox]

6 minutes ago, eyeball said:

Why, when lenders are willing to keep lending us as much as we want to borrow?

They should be able to see the same writing on the same wall you can but they don't seem the least bit concerned. How do you explain that?

Do they know something the rest of us don't know or are they just nuts?

 

Well why don't you ask Greece? Or Venezuela? Or any of the other countries that eventually declared bankruptcy that they kept lending money to?

Thanks are not some guy sitting at his desk thinking carefully about each and every decision. The large organizations with people that basically follow the path that's been put in front of them. Their job is to lend money out, they lend money out. They charge appropriate interest rates and they're aware that sometimes things will fail and they won't get all of their money back the way they want it. If it's a pretty good world economic crashes as a result, you may remember 2009 which started from the overextended banks that lets massive amounts of money for subprime mortgages

It's just the way it is

[eyeball]

29 minutes ago, CdnFox said:

Well why don't you ask Greece? Or Venezuela? Or any of the other countries that eventually declared bankruptcy that they kept lending money to?

Pointing out the defaulters just underscores the point that lenders are nuts lining up for more of the same.

[CdnFox]

1 hour ago, eyeball said:

Pointing out the defaulters just underscores the point that lenders are nuts lining up for more of the same.

And?

You keep voting for corrupt people who misspend money. why wouldn't they keep lending to them?

[ExFlyer]

11 hours ago, Legato said:

You really want more taxation pipsqueak.

How about reducing spending....

This before the Carney continued the F'U and just the tip of the iceberg.

What programs and services from the list below do you want to continue.

• Gender Politics in Peruvian Rock Music ($20,000)
• Cart-ography: Tracking the life cycle of urban grocery carts ($105,000)
• My Paw in Yours: Dead Pets and Species Transcendence in Experimental Art-Making ($17,500)
• Playing for Pleasure: Sexual and Erotic Video Games ($50,000)
• An $8-million barn at Rideau Hall.
• $12,500 on live senior citizen sex story shows.
• $8,800 for a sex toy exhibition in Germany.
• Millions wasted on government podcasts that no one listens to.
• $340,000 in bonuses for executives managing the ArriveCAN debacle.
• $102 million in bonuses from the Canada Mortgage and Housing Corporation during a housing crisis.
• $20 million in bonuses at the Bank of Canada in 2022, as inflation hit a 40-year high.
• $132 million in bonuses at the CBC since 2015.
• CBC: Costs taxpayers more than $1 billion annually.
• Canada Post: Lost $1.2 billion over the last two years and predicts larger, unsustainable losses in the future.
• VIA Rail: Burned through $1.8 billion in taxpayer money over five years just to cover operating losses.

Nope, I don't want more taxes .

 I asked you how you are going to pay for the programs and services without taxes if you want to rid of the deficit.

All your list of things would not even pay for dental care if they were eliminated and still would not dent the deficit

[ExFlyer]

10 hours ago, CdnFox said:

Are you stupid? That's NET DEBT. per capita! That's got NOTHING to do with deficits 

Godddamit, how are you this dumb? 

.....found so many ways to be stupid in one post

OMG...every time you post your 1diocy shines LOL

Yes, you have found so many ways to be stupid...in all your posts LOL

[ExFlyer]

10 hours ago, Army Guy said:

That's not good economics, and don't take my word for it ask any one in Greece....They had the EU dictating their finances for years until they paid back money that was loaned them....You can borrow money that's not the problem, it is paying it back that becomes a problem, even the PBO states and warns that right now before this budget Canada is over extended....and there is no room in case we have an emergency or the next covid...I know Liberals don't pay much attention to the deficit, but it is there in big bold numbers... 

Yes, Greece was in a crisis but so was New York and Chrysler. Paying off portions of their debt was nice but it did not get rid of their deficit.

We (and many other nations) are to the point where we cannot or barely pay the interest, let alone the debt. While I don't like it, it seems to be the way to run countries nowadays.

No Canadian government, liberal or conservative pay attention to the deficit. They all talk about it but none have done anything about it.

"Canada's credit rating is AAA from major agencies likeS&P, DBRS, and Moody's (Aaa), reflecting a low risk of default. Despite the "gold-plated" rating, this is an area of concern, particularly as government deficits are expected to rise and the debt-to-GDP ratio is considered high compared to other AAA economies, although long-term growth prospects remain positive due to population increases"

Edited November 6, 2025 by ExFlyer

[Nationalist]

Libbies like our destructive little @ExFlyer, argue like crazy for a path to bankruptcy. He wouldn't push his credit to that limit. But the nation's credit is a nebulous concept to him.

Im quite certain Flyer has done without "stuff" because of the cost. But he displays a lack of that sensibility when it comes to the government. He wants his "stuff" right fcking now! Rather childish.

There is an obvious way out of this mess. Its called "de-regulation".

Granted...it's a dirty term for Libbies. But it would work. Canada should be in a state of perpetual financial boom. Instead we greenie about and over-regulate...everything we have of value.

Canada is run by self-serving bureaucracy and twits who are more concerned with global virtue-signalling, than with the welfare of their own nation's well-being. 

The whole thing is sickening to watch.

 

[ExFlyer]

10 minutes ago, Nationalist said:

Libbies like our destructive little @ExFlyer, argue like crazy for a path to bankruptcy. He wouldn't push his credit to that limit. But the nation's credit is a nebulous concept to him.

Im quite certain Flyer has done without "stuff" because of the cost. But he displays a lack of that sensibility when it comes to the government. He wants his "stuff" right fcking now! Rather childish.

There is an obvious way out of this mess. Its called "de-regulation".

Granted...it's a dirty term for Libbies. But it would work. Canada should be in a state of perpetual financial boom. Instead we greenie about and over-regulate...everything we have of value.

Canada is run by self-serving bureaucracy and twits who are more concerned with global virtue-signalling, than with the welfare of their own nation's well-being. 

The whole thing is sickening to watch.

 

You are a m0r0n. That is fact, not fiction.

I am saying that Canada has had a deficit forever, regardless who has been in power. 
"The period since 1970 witnessed enormous growth in the federal net debt as successive deficits combined with high interest rates saw the net debt rise from $20.3 billion to reach a peak of $609 billion in 1996—the era of the federal fiscal crisis."

Who is declaring bankruptcy?? Canada is not, regardless of deficit or debt, it has a AAA credit rating. "Canada's credit rating is AAA from major agencies likeS&P, DBRS, and Moody's (AAA), reflecting a low risk of default. Despite the "gold-plated" rating, this is an area of concern, particularly as government deficits are expected to rise and the debt-to-GDP ratio is considered high compared to other AAA economies, although long-term growth prospects remain positive due to population increases" "

What does "de'regulation" even mean?? De-regulate what??? 

Canada is run by citizens wanting things and every government gives it to them and the deficit and debt grows.

Wise up national....all is far from doom and gloom like you are trying to espouse LOL

 

[paxamericana]

21 hours ago, ExFlyer said:

You borrow...you pay interest...what new about that?? LOL

All governments, municipal, provincial to federal borrow to please the public with programs they want so, they have to pay the interest on those loans....what's new about that???

Ah but that assumes you have people working to pay said interest. Canada does not have a replacement generation. There are more retirees than workers.

[Nationalist]

1 minute ago, ExFlyer said:

You are a m0r0n. That is fact, not fiction.

I am saying that Canada has had a deficit forever, regardless who has been in power. 
"The period since 1970 witnessed enormous growth in the federal net debt as successive deficits combined with high interest rates saw the net debt rise from $20.3 billion to reach a peak of $609 billion in 1996—the era of the federal fiscal crisis."

Who is declaring bankruptcy?? Canada is not, regardless of deficit or debt, it has a AAA credit rating. "Canada's credit rating is AAA from major agencies likeS&P, DBRS, and Moody's (AAA), reflecting a low risk of default. Despite the "gold-plated" rating, this is an area of concern, particularly as government deficits are expected to rise and the debt-to-GDP ratio is considered high compared to other AAA economies, although long-term growth prospects remain positive due to population increases" "

What does "de'regulation" even mean?? De-regulate what??? 

Canada is run by citizens wanting things and every government gives it to them and the deficit and debt grows.

Wise up national....all is far from doom and gloom like you are trying to espouse LOL

 

See folks?

The Libbie even feigns ignorance about a very simple term. He simply wants his "stuff".

Dumb-diddy-dumb-diddy-dumb-dumb-dumb.

[Nationalist]

Further to this...abject stupidity...

A housing project should take 1 year...not 5 or 10.

A train across town should not take over a decade.

Pipelines and the fossil fuel industry are a vast source of wealth. Yet we squander it for the sake of fear-prorn and some insane idea that those who live outside our society should be catered to. Same goes for all our natural resources.

We could easily have prosperity, pay off the debt AND give children like @ExFlyer his "stuff".

But that would take simple common sense. Something Canada has forsaken in leu of destructive notions of "empathy" and a heaping helping of blatant stupidity.

[Legato]

2 hours ago, ExFlyer said:

Nope, I don't want more taxes .

 I asked you how you are going to pay for the programs and services without taxes if you want to rid of the deficit.

All your list of things would not even pay for dental care if they were eliminated and still would not dent the deficit

and I said, tip of the iceberg. Don't forget this spending idiocy has been or bean going on for over 10 years.

I wonder how the graduates of the Transgender Whale Lesbian Rugby Renaissance Painting classes are doing.

The champagne guy should know.

[ExFlyer]

1 hour ago, Nationalist said:

See folks?

The Libbie even feigns ignorance about a very simple term. He simply wants his "stuff".

Dumb-diddy-dumb-diddy-dumb-dumb-dumb.

Prove me wrong LOSER LOL

[ExFlyer]

1 hour ago, Nationalist said:

Further to this...abject stupidity...

A housing project should take 1 year...not 5 or 10.

A train across town should not take over a decade.

Pipelines and the fossil fuel industry are a vast source of wealth. Yet we squander it for the sake of fear-prorn and some insane idea that those who live outside our society should be catered to. Same goes for all our natural resources.

We could easily have prosperity, pay off the debt AND give children like @ExFlyer his "stuff".

But that would take simple common sense. Something Canada has forsaken in leu of destructive notions of "empathy" and a heaping helping of blatant stupidity.

Who is gonna build it??? Government is not a contractor LOL

Oh really? Have you been watching the LRT train build in Ottawa??? 12 years and waiting LOL. :"

"The average construction time for light rail transit (LRT) in cities is generally5 to 15 years, but this can vary significantly depending on the project's complexity, size, and funding. Some larger or more intricate projects can take even longer,"

OK, who is going to build the pipeline? Ottawa had to bail out the private companies last time.

Oh, how you gonna have it all without taxes paying for it??  Government is a non profit organization...only income is from you LOL

"would take simple common sense" ...which is something you seem to lack

 

 

1 hour ago, Legato said:

and I said, tip of the iceberg. Don't forget this spending idiocy has been or bean going on for over 10 years.

I wonder how the graduates of the Transgender Whale Lesbian Rugby Renaissance Painting classes are doing.

The champagne guy should know.

It has actually been going on for over 20 years. Harper quit (bailed out actually LOL) because of it.

I see you evaded the questions I aked of you

"I asked you how you are going to pay for the programs and services without taxes if you want to rid of the deficit.

All your list of things would not even pay for dental care if they were eliminated and still would not dent the deficit"

Edited November 6, 2025 by ExFlyer

[ExFlyer]

2 hours ago, paxamericana said:

Ah but that assumes you have people working to pay said interest. Canada does not have a replacement generation. There are more retirees than workers.

Seems the US is having more problems with people working than we do

"Nearly 1.1 million job cuts have been announced so far this year, the most since 2020, according to the research firm Challenger, Gray & Christmas."

"U.S. job losses last month saw the worst October in 22 years, according to a new jobs report from Challenger, Gray & Christmas. Job losses in October 2025 were 175% higher than job losses in October 2024, the sharpest decline in over two decades."

As for deficit.."The US national debt is quickly approaching $36 trillion, according to the U.S. Treasury"

Shouldn't throw too many stones in your glass house (or White House Ball Room) LOL

 

[Legato]

9 minutes ago, ExFlyer said:

Who is gonna build it??? Government is not a contractor LOL

Oh really? Have you been watching the LRT train build in Ottawa??? 12 years and waiting LOL. :"

"The average construction time for light rail transit (LRT) in cities is generally5 to 15 years, but this can vary significantly depending on the project's complexity, size, and funding. Some larger or more intricate projects can take even longer,"

OK, who is going to build the pipeline? Ottawa had to bail out the private companies last time.

Oh, how you gonna have it all without taxes paying for it??  Government is a non profit organization...only income is from you LOL

"would take simple common sense" ...which is something you seem to lack

 

 

It has actually been going on for over 20 years. Harper quit (bailed out actually LOL) because of it.

I see you evaded the questions I aked of you

"I asked you how you are going to pay for the programs and services without taxes if you want to rid of the deficit.

All your list of things would not even pay for dental care if they were eliminated and still would not dent the deficit"

Stop with the obfuscation. Cut government spending. Which part do you not understand.

[CdnFox]

3 hours ago, ExFlyer said:

OMG...every time you post your 1diocy shines LOL

 

I see you're back to talking to your mirror 🙄🙄🙄🙄

Remind me to explain to you with a difference between debt and deficit. Anyway as I posted you are entirely 100% wrong yet again. Maybe do a little research before posting

I mean how do you get to supposedly allegedly being an adult without understanding the difference between debt and deficit? This is why people think you're a 13 year old kid

[Nationalist]

14 minutes ago, ExFlyer said:

Prove me wrong LOSER LOL

OK.

10 minutes ago, ExFlyer said:

Who is gonna build it??? Government is not a contractor LOL

Oh really? Have you been watching the LRT train build in Ottawa??? 12 years and waiting LOL. :"

"The average construction time for light rail transit (LRT) in cities is generally5 to 15 years, but this can vary significantly depending on the project's complexity, size, and funding. Some larger or more intricate projects can take even longer,"

OK, who is going to build the pipeline? Ottawa had to bail out the private companies last time.

Oh, how you gonna have it all without taxes paying for it??  Government is a non profit organization...only income is from you LOL

"would take simple common sense" ...which is something you seem to lack

No. Government is not a contractor. CONTRACTORS are contractors.

12 years eh? I rest my case.

Again...people we commonly call CONTRACTORS from the companies CONTRACTED to build said pipelines.

See...your problem is, you think government should pay for your "stuff". That is not their job. All government has to do is create an environment conducive to major investment and let the CONTRACTORS do what they do best.

Government sets the table. It the corporations and their CONTRACTORS who do the work and invest the money. This creates thousands of jobs across the spectrum, making canadians productive and able to buy their "stuff".

[paxamericana]

6 minutes ago, ExFlyer said:

"Nearly 1.1 million job cuts have been announced so far this year,

A good thing. Short term growing pain. 

[CdnFox]

3 hours ago, ExFlyer said:

Yes, Greece was in a crisis but so was New York and Chrysler. Paying off portions of their debt was nice but it did not get rid of their deficit.

 

It is not possible to pay off portions of your debt if you have a deficit. How would that even work, you borrowed money to pay off money you borrowed????

That is only something that can happen after the deficit has been removed so saying that paying off debt doesn't help with the deficit is bananas

There's got to be some Elementary YouTube videos you can watch on this stuff just to avoid looking this dumb.

It is possible to outgrow a debt even if you still have deficit. In other words if your economy is growing substantially faster than your total debt the debt becomes a lower burden even though it's increasing. But you can't pay it down while you still got a deficit

[blackbird]

I think Liberals believe they should spend like mad because eventually they will be defeated by the Conservatives who will then have to clean up the mess or try to.  Then the Conservatives will look bad in the next election campaign because the Liberals will continue to make all their wild promises of freebies.  The people will swallow it and vote the Liberals back in.  And so the cycle will repeat itself.  Years of Liberal squandering of taxpayer money and a few years of Conservatives trying to clean up the mess.  The cycle is predictable and never changes much.

That's why Canada's history has been 2/3 of the Liberals rule and 1/3 the Conservative rule.  One spend wildly and the other tries to clean up the mess.

[ExFlyer]

2 hours ago, Legato said:

Stop with the obfuscation. Cut government spending. Which part do you not understand.

" obfuscation." HA HA HA

It is you that cannot answer the questions that were asked of you.

Seems the "obfuscation" is being done by you LOL

1 hour ago, CdnFox said:

I see you're back ..

Oh phuk...it's you again.

More blather and BS. HA HA HA

[ExFlyer]

2 hours ago, Nationalist said:

OK.

No. Government is not a contractor. CONTRACTORS are contractors.

12 years eh? I rest my case.

Again...people we commonly call CONTRACTORS from the companies CONTRACTED to build said pipelines.

See...your problem is, you think government should pay for your "stuff". That is not their job. All government has to do is create an environment conducive to major investment and let the CONTRACTORS do what they do best.

Government sets the table. It the corporations and their CONTRACTORS who do the work and invest the money. This creates thousands of jobs across the spectrum, making canadians productive and able to buy their "stuff".

"CONTRACTORS are contractors.". Oh, OK. So it is private industry that has to step up and build...not government??

So, your comment "A train across town should not take over a decade." is incorrect? I am glad I could enlighten you LOL

Also, you agree that the government bailed out the contractors that failed to build the pipeline. I am glad you finally agree to that.

On the contrary, I do think the government should pay for any stuff...I did say government is not a contractor and private companies have to build it. (and they will only build if there is something in it for themselves)

And, according to the budget, Government has set the table now, it someone has to step up to the table and you cannot blame any government if they don't.

 

Edited November 6, 2025 by ExFlyer