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+--- Thread: We're drowning in government debt (/thread-28718.html)
We're drowning in government debt - chairman - 01-05-2016
TORONTO - Taxpayers are up to their eyeballs in debt thanks to their governments.
In particular, the Ontario government’s net debt has grown by almost 91% in less than 10 years — the highest rate of growth of any federal or provincial government in Canada, a new Fraser Institute report shows.
“Ontario’s debt growth has attracted negative attention from international credit agencies and research shows that the rate of debt accumulation is not sustainable over the longer term,†says the Fraser report — released Tuesday.
TORONTO SUN.COM
The Cost of Government Debt in Canada 2016, authored by Charles Lammam, Milagros Palacios, Hugh MacIntyre and Feixue Ren, says that every provincial government and the federal government have run up their credit cards since the economic calamity of 2008/09.
Re: We're drowning in government debt - ketchim - 01-05-2016
Copy USA and raise the debt Ceiling ::LOL::
Re: We're drowning in government debt - Scooby Snack - 01-05-2016
Enjoy the collapse...
Re: We're drowning in government debt - Kwami - 01-05-2016
The Fraser Institute is a right wing think thank and it has no credibility . They specialize in attacking Liberal Govt's . Mouth piece is the Toronto Sun a rag sheet publication . They never criticize the Tories who ran up the Federal debt to astronomical levels
I would suggest that the chairman refrain from posting anything about this here country since he haven't a clue
Re: We're drowning in government debt - Astdua - 01-06-2016
First the US has so much debt it is bound to economically collapse in the medium future, but sadly other nations don't learn the lesson and do the same thing.
Re: We're drowning in government debt - Googley - 01-06-2016
[quote author=ketchim link=topic=102047.msg672804#msg672804 date=1452013745]
Copy USA and raise the debt Ceiling ::LOL::
[/quote]
better yet, be like Greece!
Re: We're drowning in government debt - Sterlingjay0123 - 01-17-2016
YOLO
Hehe, just joking. This is why prepping is no joke! Get your stuff together people. Learn to garden, learn some basic survival skills. A lot of people are just running around in circles hoping big brother can fix it. Take care of yourself, get a food supply going and get extra essentials, never know when stuff will hit the fan.
Re: We're drowning in government debt - briannagodess - 01-17-2016
This topic made me think about: Which countries don't have debt? And so here is what I found out:
1. Palau
2. Liechtenstein
3. Brunei
4. British Virgin Islands
5. Macao
Makes me want to live in these countries, almost all of them has more greenery that cities. ::love::
Re: We're drowning in government debt - Sterlingjay0123 - 01-19-2016
[quote author=briannagodess link=topic=102047.msg674155#msg674155 date=1453044536]
This topic made me think about: Which countries don't have debt? And so here is what I found out:
1. Palau
2. Liechtenstein
3. Brunei
4. British Virgin Islands
5. Macao
Makes me want to live in these countries, almost all of them has more greenery that cities. ::love::
[/quote]
:-* :-* :-* :-* :-* :-*
Take me with you! I'd definitely be okay with moving to a tropical island! hehe!
On that note, hurricanes would be especially harrowing, and I'm sure flood insurance rates would be sky high!
I'm wondering what techniques they're using that we could implement into our own society, and would work in such a large country as effectively.
Re: We're drowning in government debt - chirp - 01-20-2016
It is only a matter of time before they are labeled as "bad people" and a banking system and forced debt is installed. They did this to Gadaffi, Saddam, and many others when they would not accept the US dollar for oil trade. I'm sure that if any of those 5 end up having natural resources suddenly that the US or some other country wants, they will suddenly have ISIS and all kinds of strife going on there to justify imperialism and control of those places. I hope that doesn't happen, but it's happened so many times that I would be surprised if it never did. The only 2 places that I know of that America wasn't able to get away with this completely was the Korean war and with Vietnam. Other places fell pretty quickly when they had what they wanted. Sometimes they leave them destitute after they've taken what they needed, too. Look at the Philippines. Some say the US liberated the Filipinos from the Japanese which is true, but what did they take and what did they leave behind in exchange for that liberation? They might or might not be better off for the involvement, but places in the middle east were much better off before America started interfering with things there.