Scabeh
Montreal Canadiens |
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Location: The Slovakian Jagr, QC Joined: 02.25.2007
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Sacrifices need to be made.
Bix is in NS. No impact on Ontario - Fakepartofme
So we lose Garnie but Bixll remains?
This is the worst possible scenario!
(Love you Bixll, we miss you buddy) |
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Symba007
Montreal Canadiens |
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Location: I'm bi. Why limit yourself with half of the possible delicious pleasures of life - Fredo, ON Joined: 02.26.2007
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Your 'news' has no place here. Everybody knows that the NDP are financially irresponsible and that only Conservative populists know how to balance a budget. - TheMussel
yeah...the Cons were so good at the federal level, only left 160 billion in debt while lying to Canadians saying they were balancing the books.
Progressive conservatives are gone, the lying reformists are now controlling the party. |
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PrinceLH
Toronto Maple Leafs |
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Location: Belleville, ON Joined: 07.06.2007
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used tampon is better than Ford...yet that's what old people (majority voting) will elect today - Symba007
I met Doug Ford when he was running for the Leadership. Spoke with him for about 5 minutes on the issues and he came across as a slash and burn type. I agree with him that there needs to be a balancing of the books and the need to slash some of the bureaucracy. We can't continue down this road to oblivion. The taxation to debt ratio must be addressed and the borrowing must stop. I can't say that I'm a big fan of his political style, but the alternative is trying to buy their way into power with our money.
Personally, I believe that the Left cannot be negotiated with and must be totally defeated for the good of this Country. |
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RickJames77
Boston Bruins |
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Location: We’re Too Old, Boston Joined: 04.03.2013
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RIP Garnie and Bixll - Scabeh
Wedgie too.
He's a crotchety old man at heart.
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Fakepartofme
Toronto Maple Leafs |
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Location: Living rent free... in your head, ON Joined: 09.20.2010
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So we lose Garnie but Bixll remains?
This is the worst possible scenario!
(Love you Bixll, we miss you buddy) - Scabeh
It is. |
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Atomic Wedgie
Toronto Maple Leafs |
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Location: The centre of the hockey universe Joined: 07.31.2006
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I met Doug Ford when he was running for the Leadership. Spoke with him for about 5 minutes on the issues and he came across as a slash and burn type. I agree with him that there needs to be a balancing of the books and the need to slash some of the bureaucracy. We can't continue down this road to oblivion. The taxation to debt ratio must be addressed and the borrowing must stop. I can't say that I'm a big fan of his political style, but the alternative is trying to buy their way into power with our money.
Personally, I believe that the Left cannot be negotiated with and must be totally defeated for the good of this Country. - PrinceLH
In 2000, Ontario was paying about 15.5 cents of every revenue dollar to service the debt.
Today, we pay just a little over 8 cents of every revenue dollar to service the debt.
Since the global recession, interest rates have been at historic lows.
It would have been franking stupid to not borrow money to build up our infrastructure (which governments from all three parties - federal and provincial - ignored for far too long). |
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Atomic Wedgie
Toronto Maple Leafs |
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Location: The centre of the hockey universe Joined: 07.31.2006
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Wedgie too.
He's a crotchety old man at heart.
- RickJames77
Get off my lawn. |
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Fakepartofme
Toronto Maple Leafs |
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Location: Living rent free... in your head, ON Joined: 09.20.2010
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I met Doug Ford when he was running for the Leadership. Spoke with him for about 5 minutes on the issues and he came across as a slash and burn type. I agree with him that there needs to be a balancing of the books and the need to slash some of the bureaucracy. We can't continue down this road to oblivion. The taxation to debt ratio must be addressed and the borrowing must stop. I can't say that I'm a big fan of his political style, but the alternative is trying to buy their way into power with our money.
Personally, I believe that the Left cannot be negotiated with and must be totally defeated for the good of this Country. - PrinceLH
Ford and his type will ruin the province and eventually the country. |
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TheMussel
Toronto Maple Leafs |
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Location: Toronto, ON Joined: 09.24.2013
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In 2000, Ontario was paying about 15.5 cents of every revenue dollar to service the debt.
Today, we pay just a little over 8 cents of every revenue dollar to service the debt.
Since the global recession, interest rates have been at historic lows.
It would have been franking stupid to not borrow money to build up our infrastructure (which governments from all three parties - federal and provincial - ignored for far too long). - Atomic Wedgie
But the Left |
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Get off my lawn. - Atomic Wedgie
and leave my jello tree alone. |
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RickJames77
Boston Bruins |
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Location: We’re Too Old, Boston Joined: 04.03.2013
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Get off my lawn. - Atomic Wedgie
Sure, but first let me pee on it real quick.
You got your Doug Ford tshirt on today with a nice "I Voted" sticker? |
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Atomic Wedgie
Toronto Maple Leafs |
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Location: The centre of the hockey universe Joined: 07.31.2006
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Sure, but first let me pee on it real quick.
You got your Doug Ford tshirt on today with a nice "I Voted" sticker? - RickJames77
I'm just hanging around outside his campaign office - I figure sooner or later, he'll come out and give me $20 to go vote for him. |
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Symba007
Montreal Canadiens |
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Location: I'm bi. Why limit yourself with half of the possible delicious pleasures of life - Fredo, ON Joined: 02.26.2007
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But the Left - TheMussel
the voting base of the right is slowly dying... |
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PrinceLH
Toronto Maple Leafs |
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Location: Belleville, ON Joined: 07.06.2007
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In 2000, Ontario was paying about 15.5 cents of every revenue dollar to service the debt.
Today, we pay just a little over 8 cents of every revenue dollar to service the debt.
Since the global recession, interest rates have been at historic lows.
It would have been franking stupid to not borrow money to build up our infrastructure (which governments from all three parties - federal and provincial - ignored for far too long). - Atomic Wedgie
Issues with this are twofold. What happens when interest rates go higher? Where does the debt balloon to, when that happens? Soon, interest rates will rise, thanks to the roaring economy in the United States. Higher U.S. rates attract capital to the U.S. from other jurisdictions. Canada will have to also raise rates, to combat that loss of Capital from this country. The debt ratio will rise and businesses will leave, or reduce their Canadian staffing, causing Unemployment and a higher burden on government services for those who can't find work. For those who hate Trump, he's a brilliant tactician on growing his economy. Goes to show how illiterate that Leftist governments are, in regards to knowing how to expand an economy.
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TheMussel
Toronto Maple Leafs |
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Location: Toronto, ON Joined: 09.24.2013
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the voting base of the centre is slowly dying... - Symba007
fixed |
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RickJames77
Boston Bruins |
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Location: We’re Too Old, Boston Joined: 04.03.2013
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I'm just hanging around outside his campaign office - I figure sooner or later, he'll come out and give me $20 to go vote for him. - Atomic Wedgie
That or he has mistaken you for one of his old hash dealers. |
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RickJames77
Boston Bruins |
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Location: We’re Too Old, Boston Joined: 04.03.2013
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Issues with this are twofold. What happens when interest rates go higher? Where does the debt balloon to, when that happens? Soon, interest rates will rise, thanks to the roaring economy in the United States. Higher U.S. rates attract capital to the U.S. from other jurisdictions. Canada will have to also raise rates, to combat that loss of Capital from this country. The debt ratio will rise and businesses will leave, or reduce their Canadian staffing, causing Unemployment and a higher burden on government services for those who can't find work. For those who hate Trump, he's a brilliant tactician on growing his economy. Goes to show how illiterate that Leftist governments are, in regards to knowing how to expand an economy. - PrinceLH
I could listen to this on repeat while firing off shots out my 4x4's winda and shotgunning bud heavys in my jorts with a blonde "chick" by my side.
America! (frank) YEAH! |
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TrashPanda
Toronto Maple Leafs |
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Location: Your Green Bin, ON Joined: 03.29.2018
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In 2000, Ontario was paying about 15.5 cents of every revenue dollar to service the debt.
Today, we pay just a little over 8 cents of every revenue dollar to service the debt.
Since the global recession, interest rates have been at historic lows.
It would have been franking stupid to not borrow money to build up our infrastructure (which governments from all three parties - federal and provincial - ignored for far too long). - Atomic Wedgie
When the interest rate is lower than the rate of inflation then the money is essentially free. Unless a major catastrophe happens we're not likely to see high interest rates ever again.
It's also about our ability to repay. The right goes on about 'Higher debt than California' but unlike California, Ontario still has a tax base. Doug plans to solve that problem. Ugh. |
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PatC80
Toronto Maple Leafs |
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Location: I would never let my children play hockey. The risk of getting drafted by Edmonton is too high", ON Joined: 08.11.2011
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I'm just hanging around outside his campaign office - I figure sooner or later, he'll come out and give me $20 to go vote for him. - Atomic Wedgie
$20?
Where do I sign?
Naw.. Still can't do it. No Ford supporter here. |
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Fakepartofme
Toronto Maple Leafs |
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Location: Living rent free... in your head, ON Joined: 09.20.2010
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So Westworld season 2 is pretty f’d up.
But good. |
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Atomic Wedgie
Toronto Maple Leafs |
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Location: The centre of the hockey universe Joined: 07.31.2006
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Issues with this are twofold. What happens when interest rates go higher? Where does the debt balloon to, when that happens? Soon, interest rates will rise, thanks to the roaring economy in the United States. Higher U.S. rates attract capital to the U.S. from other jurisdictions. Canada will have to also raise rates, to combat that loss of Capital from this country. The debt ratio will rise and businesses will leave, or reduce their Canadian staffing, causing Unemployment and a higher burden on government services for those who can't find work. For those who hate Trump, he's a brilliant tactician on growing his economy. Goes to show how illiterate that Leftist governments are, in regards to knowing how to expand an economy. - PrinceLH
Two quick answers:
The Ontario Financing Authority locked in rates - so interest rates going higher isn't a concern (in fact, it's a very good justification for borrowing now).
It's franking bizarre that you are worried about Ontario's debt, and in the next breath go on to praise the brilliance of Donald Trump. Do you have any idea how much he is adding to the US debt?
http://fortune.com/2018/0...onal-debt-trump-tax-cuts/
Trump’s heady economic potion, however, is masking misguided policies that could leave those same businesses with a severe hangover from today’s celebration. The U.S. government’s huge and growing budget deficits have become gargantuan enough to threaten the great American growth machine. And Trump’s policies to date—a combination of deep tax cuts and sharp spending increases—are shortening the fuse on that fiscal time bomb, by dramatically widening the already unsustainable gap between revenues and outlays. On our current course, we’re headed for a morass of punitive taxes, puny growth, and stagnant incomes for workers—a future that’s the precise opposite of what Trump champions.
By 2028, America’s government debt burden could explode from this year’s $15.5 trillion to a staggering $33 trillion—more than 20% bigger than it would have been had Trump’s agenda not passed. At that point, interest payments would absorb more than $1 in $5 of federal revenue, crippling the government’s capacity to bolster the economy, and constraining the private sector too. Contrary to the claims of the President and his supporters, the U.S. can’t grow fast enough to shed this burden; indeed, Trump’s agenda on immigration and trade looks likely to stunt that growth. (More on that later.) “This is almost like climate change,” says Mark Zandi, chief economist at Moody’s Analytics. “It doesn’t do you in this year, or next year, but you’ll see the ill effects in a day of reckoning.” |
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PrinceLH
Toronto Maple Leafs |
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Location: Belleville, ON Joined: 07.06.2007
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Ford and his type will ruin the province and eventually the country. - Fakepartofme
This country is already on the road to ruin, thanks to Wonderboy in Ottawa, using the Obama model of how to ruin an economy.
Take the total national debt.....times it by 8 years......double the national debt and take a victory lap. On schedule, if we elect him again next year.
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Atomic Wedgie
Toronto Maple Leafs |
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Location: The centre of the hockey universe Joined: 07.31.2006
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So Westworld season 2 is pretty f’d up.
But good. - Fakepartofme
Ever seen the original movie?
It's great. |
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TrashPanda
Toronto Maple Leafs |
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Location: Your Green Bin, ON Joined: 03.29.2018
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I'm just hanging around outside his campaign office - I figure sooner or later, he'll come out and give me $20 to go vote for him. - Atomic Wedgie
Do you remember when he was on city council? He went to a Toronto community housing building and literally gave everyone there a $20 bill. |
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TrashPanda
Toronto Maple Leafs |
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Location: Your Green Bin, ON Joined: 03.29.2018
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This country is already on the road to ruin, thanks to Wonderboy in Ottawa, using the Obama model of how to ruin an economy.
Take the total national debt.....times it by 8 years......double the national debt and take a victory lap. On schedule, if we elect him again next year. - PrinceLH
The Obama model of running an economy is why the US is so successful right now. Such things don't happen overnight, they take time. |
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