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

Call me when this is a reality - politicians from all parties are still puppets for signifcant lobby groups. And significant spending and contracts are handed to buddies - with significant kickbacks like our pal Mulroney took. Problem is, taxation money is OUR MONEY, but its is not treated as such - those spending it, didn't earn it.

Ever seen the original movie?

It's great.
- Atomic Wedgie

I didn't realize it was a remake, but then again I should've guessed. Almost everything these days is a remake of something old.

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

oh

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.”
- Atomic Wedgie

lol

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

Nice

i may be biased, but my hometown of Callander

Sudbury probably has the largest population
- Arctic_AARDVARK

Callander! no poop I live on hwy 94 lol

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.”
- Atomic Wedgie

We are not at the apex of the Trump economy. If the Trump economy reaches a level of over 5% in GDP, their financial gains will surpass their debt ratio and the tax revenue will cover their expenditures causing the debt to either stay equal or actually shrink. It is trending in that direction and full employment could actually happen. As of today, there are more jobs available, then there are people that require one. Can you make that claim in Canada?

A little more food for thought:



Take a look at which way the needle points under Democrats, and which way the needle points under Republicans.

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

Nope not true.

Ever seen the original movie?

It's great.
- Atomic Wedgie

I have.

Nope not true.
- Fakepartofme

he really drinks the BS koolaid from the Cons...

RIP Garnie and Bixll
- Scabeh

I'm not even 50 yet.

So Westworld season 2 is pretty f’d up.
But good.
- Fakepartofme

Finally, some real issues...

We are not at the apex of the Trump economy. If the Trump economy reaches a level of over 5% in GDP, their financial gains will surpass their debt ratio and the tax revenue will cover their expenditures causing the debt to either stay equal or actually shrink. It is trending in that direction and full employment could actually happen. As of today, there are more jobs available, then there are people that require one. Can you make that claim in Canada?
- PrinceLH

Last June, the Congressional Budget Office (CBO) forecast that deficits would reach $1 trillion in 2022. Because of the new laws, America will exceed the $1 trillion mark much earlier, in 2019, assuming current tax and spending policies are extended, according to the nonpartisan Committee for a Responsible Federal Budget (CRFB). Those probable shortfalls will keep ballooning even if the economy thrives. Under the CBO’s forecast, deficits would have reached roughly $1.6 trillion in 2028 without the new laws. Now, the CRFB predicts a shortfall of $2.4 trillion. Largely owing to the deficit-widening measures, the U.S. in a decade will borrow $1 in every $3 it spends, vs. $1 in $4 if outlays and revenues had remained on their prior path.


In a decade, federal debt will reach an overwhelming $33 trillion, the equivalent of 113% of GDP—and $6 trillion higher than the CBO had forecast before the Trump agenda passed. Interest on U.S. borrowings would become the fastest-growing item in the federal budget, more than tripling to almost $1.1 trillion annually. At that point, carrying costs would equal one-half of spending on Medicare, and if inflation or interest rates exceeded the relatively low thresholds in the CBO’s forecasts, the interest bill would soar even higher. “That increase represents money the U.S. is just throwing away—that’s crowding out the funding on everything from health care to the military,” says Marc Goldwein, the CRFB’s senior policy director.

I didn't realize it was a remake, but then again I should've guessed. Almost everything these days is a remake of something old.
- RickJames77

It's a really fun movie.

They then did a sequel called Futureworld - not as good, but still worth watching if you can find it on your XBMC box.

Last June, the Congressional Budget Office (CBO) forecast that deficits would reach $1 trillion in 2022. Because of the new laws, America will exceed the $1 trillion mark much earlier, in 2019, assuming current tax and spending policies are extended, according to the nonpartisan Committee for a Responsible Federal Budget (CRFB). Those probable shortfalls will keep ballooning even if the economy thrives. Under the CBO’s forecast, deficits would have reached roughly $1.6 trillion in 2028 without the new laws. Now, the CRFB predicts a shortfall of $2.4 trillion. Largely owing to the deficit-widening measures, the U.S. in a decade will borrow $1 in every $3 it spends, vs. $1 in $4 if outlays and revenues had remained on their prior path.


In a decade, federal debt will reach an overwhelming $33 trillion, the equivalent of 113% of GDP—and $6 trillion higher than the CBO had forecast before the Trump agenda passed. Interest on U.S. borrowings would become the fastest-growing item in the federal budget, more than tripling to almost $1.1 trillion annually. At that point, carrying costs would equal one-half of spending on Medicare, and if inflation or interest rates exceeded the relatively low thresholds in the CBO’s forecasts, the interest bill would soar even higher. “That increase represents money the U.S. is just throwing away—that’s crowding out the funding on everything from health care to the military,” says Marc Goldwein, the CRFB’s senior policy director.
- Atomic Wedgie

Who did you vote for?

Last June, the Congressional Budget Office (CBO) forecast that deficits would reach $1 trillion in 2022. Because of the new laws, America will exceed the $1 trillion mark much earlier, in 2019, assuming current tax and spending policies are extended, according to the nonpartisan Committee for a Responsible Federal Budget (CRFB). Those probable shortfalls will keep ballooning even if the economy thrives. Under the CBO’s forecast, deficits would have reached roughly $1.6 trillion in 2028 without the new laws. Now, the CRFB predicts a shortfall of $2.4 trillion. Largely owing to the deficit-widening measures, the U.S. in a decade will borrow $1 in every $3 it spends, vs. $1 in $4 if outlays and revenues had remained on their prior path.


In a decade, federal debt will reach an overwhelming $33 trillion, the equivalent of 113% of GDP—and $6 trillion higher than the CBO had forecast before the Trump agenda passed. Interest on U.S. borrowings would become the fastest-growing item in the federal budget, more than tripling to almost $1.1 trillion annually. At that point, carrying costs would equal one-half of spending on Medicare, and if inflation or interest rates exceeded the relatively low thresholds in the CBO’s forecasts, the interest bill would soar even higher. “That increase represents money the U.S. is just throwing away—that’s crowding out the funding on everything from health care to the military,” says Marc Goldwein, the CRFB’s senior policy director.
- Atomic Wedgie

I don't see how this relates to Tavares and the tax implications of him signing in Toronto.

I don't see how this relates to Tavares and the tax implications of him signing in Toronto.
- RickJames77

Tavares isn't coming to Toronto because all athletes crave anonymity.

Or so I'm told...

http://newsinteractives.c....ca/onvotes/poll-tracker/

Who did you vote for?

- Garnie

Ralph Nader.

Ralph Nader.
- Atomic Wedgie

Was your first vote for the Bull Moose Party?

Everyone talking politics, did you at least vote? No complaining if you didn't!

Everyone talking politics, did you at least vote? No complaining if you didn't!
- Aaron_85

PrinceLH voted 4 times since this morning

Everyone talking politics, did you at least vote? No complaining if you didn't!
- Aaron_85

I voted twice!

PrinceLH voted 4 times since this morning
- Symba007

Damn you, Symba.

Damn you to hell.