Try educating yourself, Maclean's was owned by Rogers Media until earlier this year when it was sold to another private media company.
Rogers Media is definitely not a state run corporation.
Let this be a lesson to all of us - be careful who you hitch your wagon to ...
- Thread starter JimDandy
- Start date
Rogers Media is definitely not a state run corporation.
Now you dodge the question again with obfuscation.....I never said Macleans was the state run media (CBC) I said it was just as left wing biased as the CBC but in print form.Now that little detail has been cleared up do you wish to finally
answer my post about Trudeau's budget and how it did not "balance itself"?
Answer or just plain shut your pie hole.Not interested in dealing with rhetorical bull shit that dodges the questions.....get enough of that from Trudeau in the House of Commons.
SR
Debt likely isn't what you think debt is. Banks literally create money out of thin air to lend. You pay back the principle that the bank retires from circulation and the bank keeps the interest as profit. When you take the loan out and the money goes into a bank account that increases the deposits in the bank. From deposits in the bank, the bank by law can lend out about 10 times as much more, i.e. you takeout a 100k loan, according to "fractional reserve banking" rules the receiving bank can now lend out 1 million dollars on that deposit. Banks have to keep lending out cash to keep money in circulation. If everybody paid off their loans there wouldn't even be any money for the bank to keep from interest payments.
Before 1971 banking was different than today. Canadian government printed as much cash as was needed without paying interest to maintain a currency peg. Today Canadian government interest payments on debt are about $26 billion a year, more than the defense budget in 2018.
Before 1971 banking was different than today. Canadian government printed as much cash as was needed without paying interest to maintain a currency peg. Today Canadian government interest payments on debt are about $26 billion a year, more than the defense budget in 2018.
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I dont know what the TOTAL National Debt was under Harper.That being said when Harper took the reigns of Governance he was handed a country in defecit when I he had a minority government and then had another minority government and then got a majority government.During that time Canada went through the worst recession and stock market meltdown since the Great Depression.The one thing Canada and it's citizens dodged was a housing market meltdown like in the USA all thanks to the sub prime crisis.
When Trudeau took over Governance he was handed the reigns of a country that had a balanced budget with a 1 BILLION surplus.He then Taxed and Spent MORE and his budget did not "balance itself" as the fucking idiot said would happen.
Under Trudeau the "Family Tax Credit" was indeed increased but it was now taxed and with thresholds that cut people from getting it.A gal I know of via work used to get the credit and after Trudeau took over and increased it and taxed it she gets nothing.Same goes with all of those other tax credits brought into effect by the Conservatives the the Child Fitness Tax Credit which is a nice way for Canadian families to get a break each year after they have purchased their kids hockey equipment.
SR
National debt (federal and provincial combined) accumulated under Canadian prime ministers:
https://pbs.twimg.com/media/CPJWcQAWIAA8Y_d.jpg
https://pbs.twimg.com/media/CPJWcQAWIAA8Y_d.jpg
sure mention that Harper's deficit was also under a recession, a worldwide one at that
it was increased under Turdeau, it isn't taxed, it's tax free
and you need to have a family income around 190,000 with only one kid under 6
or
1 kid over 6 under 18, family income around 160,000
before you're cut off completely
so you're co-worker hardly needs any sympathy
Recent Canada debt to GDP:
https://tradingeconomics.com/canada/government-debt-to-gdp
Canada ratio of federal debt to GDP:
Canada historic inflation adjusted debt to GDP ratio:
Canada household debt to GDP:
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