2024 Canadian Political Thread
- Thread starter licks2nite
- Start date
- Status
YOU: what character attack? immediatly followed by a character attack. What fucking idiotic response.
Second Canadas debt is not a mortgage, no one will Foreclose, EVER. The boc prints the $. The dollar might go down and things might become more expensive short term, but a lower dollar invites investment and nesseciates domestic production like everyone agrees we need more of. There are pros and cons to everything, but you scare mongers keep trying to come up fake ass analogies so you can get your tax breaks. Which group do you think you are more desrving of dollars than- the poor, the elderly, the sick, first nations, students. Thats the spending groups that you'd need to cut to make any dent in the deficit.
What an astute and mature response. Your words of wisdom here know no bounds. Funny you talk about character attacks, must be that short term memory you have, post #411 you called me a fascist. Good work, keep it up.
Oh. So this is your "nuanced Keynesian approach" you referenced back in the day to deal with national debt? Have the BoC literally issue new physical currency to extinguish the debt? And that mass devaluation of CAD, in your expert "nuanced Keynesian" opinion would be simply a "short term issue"? LOL Look up the money aggregates on the BoC website. M1 money supply is about the same amount as our national debt. To issue new currency that equals the amount of M1 money supply is basically doubling the money supply. In other words, cutting the value of CAD in half (probably more since M1 has more than just physical currency). If you didn't like 8% inflation after Covid, you're not going to like the inflation caused by doubling the money supply (i.e. have the BoC to literally print new physical currency)! LOL
Having the BoC issue new physical currency is literally the nuclear option. If for any reason, the gov't of Canada could not borrow more, and interest still needs to be paid and eventually the bonds outstanding mature, this would be the nuclear option. It would NOT be a "short term" issue. It would massively devalue the CAD. It would have ripple effects that your so-called nuanced brain could not even fathom. Sub sovereign debt (i.e. provincial debt, provincial bonds) would be reduced to junk status given the mass devaluation in CAD. The province would NOT be able to cope with that, because the provinces DON'T have central banks, and no means to print CAD. Guess who gets to back stop all that provincial debt - the federal government.
That you would so foolishly believe that such a scenario is just a "short term" issue is ridiculous.
So yes, it's always prudent to be fiscally responsible. The nuclear option is an extreme scenario, unlikely to happen. That said, you're also the guy that stated back in the day that Canada is going to borrow when interest is low and pay it back when inflation is up! LOL I mean, how do you think that is working out for the federal government? Rates are up, inflation peaked at 8% (highest level in almost 40 years) and oddly enough, the debt was NOT even minimally paid down. Why is that? LOL
Mate, give it up. You're not credible on this topic, on a whole lot of topics, but especially this one! LOL
Last edited:
So in your mind, providing an analogy is a character attack, is that right?
What truly is idiotic, when certain folk that live in certain type of houses throw stones...
You can dish it out, but you can't handle it being dished out to you, is that right??? LOL
this shows how truly out of touch with reality you are
poor? you think the poor are getting money now?
with all the Billions that the incompetent Turd/Jimmy his house boy are wasting?
then why do they have to pour even more into feeding children in schools?
first nations? the budget for them has basically doubled since the Turd got in, did it help?
no, just like his lying about childhood poverty did, by throwing debt at it
the sick? disabled? have you not read about the whole 200/month they're giving the disabled, haha, cutting that would really be a disaster, not that they're going to get it anyway
our healthcare systems are worse than they've ever been, even with the billions they've wasted, money isn't the issue, management, ideology, efficiency, gatekeepers, mainly unions are the real issues
no amount of money is going to fix it
and then there's the "elderly" those poor bastards, poor poor bastards, who've spent their entire lives with a lifestyle they've never paid for
or where did you think the first 600 Billion in debt came from?
them paying their taxes?
then add in all the provinces debts too, that those poor old bastards paid
7G's $7000.00 IN FUCKING WELFARE TO PRETTY MUCH EVERY OLD PERSON, PER YEAR
CAUSE THEY GOT TO MAKE $70,000.00 NET, NOT GROSS, NET TO GET IT TAKEN AWAY
THOSE POOR POOR PEOPLE
WHILE YOUNG PEOPLE CAN'T AFFORD THE HOMES MOST OF THEM OWN
STUDENTS? YOU GO TO SCHOOL TO GET AN EDUMACTION TO BE ABLE TO MAKE MORE
WHICH IS BACKED UP BY EVERY STUDY THERE IS, THAT YOU MAKE MORE WITH A HIGHER EDUMACTION
SO HOW ABOUT THE POOR FUCKERS WHO CAN'T/DIDN'T/DON'T WANT TO/AREN'T EDUMACATEDLY INCLINED TO GO TO HIGHER LEARNING?
WHAT YOU GOING TO GIVE THEM IN WELFARE?
WHEN EVERYONE IS ON WELFARE, THEN WHAT?
WE'RE ALREADY 1/2 OF THE WAY THERE NOW, 25% GOV'T EMPLOYEES, 15% KIDS, 15% SENIORS
CUTS, I COULD CUT 100 BILLION, AT LEAST OF WASTE, TO THOSE WHO DON'T DESERVE IT, NEED IT
THAT'S NOT INCLUDING THINGS THE GOV'T HAS NO BUSINESS PAYING FOR IN THE FIRST PLACE, THAT'S NOT THEIR RESPONSIBILITY
THE BOTTOM 1-2.5% THAT YOU DIDN'T MENTION, WHO NEED A HAND UP, NOT A HAND OUT
THE TRULY NEEDY IN OUR SOCIETY AREN'T GETTING IT NOW
AND IT WOULDN'T COST ANYWHERE NEAR WHAT WE'RE WASTING NOW ON THOSE WHO AREN'T REALLY IN NEED
BUT ARE GETTING BILLIONS IN WELFARE
As usual, your modus operandi is misrepresentation. The analogy wasnt a character attack, telling me 'LOL! Wow, tell me you don't know anything about math and how debt works without actually telling me ' was a characrer attack.
And i can take it just fine and since your ilk likes to play that game, ive reponded to you all in kind and pehaps even escalated.
Trite trolls gotta trite troll i guess.
Your such a deama queem with your 'nuclear option' They dont issue currency all at once, never have you liar.They do it over years. So stop prentending you're the guru of fianance because you never do present a 'neuanced' picture ever, do you? Just more BS con-job talk on your part, the sky is falling crap.
You're just scared becaused you've spread yourself thin on some stupid risky investment that you shouldnt have and are going to get your ass handed to you. It obvious.
What a minute, do you actually believe that when the Govt of Canada needs money that the BoC just prints new currency?
Should i do your work for you? I have number of unanswered questions to you in the queue, you first.
Asking questions to which you will never get a satisfactory answer, in my opinion, is irrelevant
It's not a question of whether your answer is "satisfactory". I'm genuinely trying to figure out if you actually know how government debt works.
You previously stated...
...and that would seem to indicate you are under the impression that the BoC simply issues new physical currency to the Govt of Canada when the Govt needs money on account of deficit spending.
Yeah, they issue a single giant coin at the begning of the year and then sell pieces to prop up landlords who overcharge people. Or wait they have one of those money guns and they go around shooting it at every librul cause they can find in order to piss off the moneied classes and Albertans.
LOL! If you don't want to answer that's fine. Off topic drivel, now that's always unsatisfactory! LOL
- Status
