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The Dollar is over 80 cents US! (pg. 4)
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| Jayx1 |
budget surplus = gross over taxation.
Funny how they told harper that his surplus forecasts were a lie. Meanwhile they were right on the money. This surplus should be used ONLY one of two ways.
- 100% of it should be used to pay the debt
OR
- 100% should be rebated back to the taxpayer
Any other use would be a complete waste. |
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| malek |
so infrastructure spending (let say better roads, highways and rails)
would be a BIG waste... seriously man, get a grip.
OR
spending in our universities to upgrade their educational tools and attract better reearcher would be a waste too...:rolleyes: |
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| amb_ |
| I'm really glad Jay isn't in a position of fiscal management ;) |
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| Jayx1 |
| quote: | Originally posted by malek
so infrastructure spending (let say better roads, highways and rails)
would be a BIG waste... seriously man, get a grip.
OR
spending in our universities to upgrade their educational tools and attract better reearcher would be a waste too...:rolleyes: |
yes because paying down the debt would allow us to pay less interest in the future and we could use that money forever to pay for the things you mentioned. People don't realize that the interest alone for our debt chews up a large portion of out GDP. If we had no debt we'd literally have 10s of billions more per year to spend on things that we want and need like those mentioned above. |
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| malek |
| quote: | Originally posted by Jayx1
yes because paying down the debt would allow us to pay less interest in the future and we could use that money forever to pay for the things you mentioned. People don't realize that the interest alone for our debt chews up a large portion of out GDP. If we had no debt we'd literally have 10s of billions more per year to spend on things that we want and need like those mentioned above. |
so in other words,
we should not do a single investment in the two areas i mentionned for the next 50 to 75 years. Just maintenance.
Yeah right dude.
The debt decreases by itself every year with something called inflation. As long as Canada pays its intrests, it's in good shape. Paying down the capital is simply stupid and irresponsible. |
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| rabbitjoker |
| quote: | Originally posted by malek
The debt decreases by itself every year with something called inflation. As long as Canada pays its intrests... |
Interesting... |
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| malek |
| quote: | Originally posted by rabbitjoker
Interesting... |
yeah my statement is confusing...
what I meant is the relative value of the debt decreases over time, not the nominal value.
debt/gdp ratio anyone? :p |
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| Jayx1 |
| quote: | Originally posted by malek
Paying down the capital is simply stupid and irresponsible. |
No getting into debt was stupid and irresponsible.
If you think paying back what you owe is stupid I'd really hate to see your personal books! |
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| rabbitjoker |
| quote: | Originally posted by malek
yeah my statement is confusing... |
No, not at all. I just never considered that point. Thanks for bringing it up - it is interesting. |
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| Jayx1 |
| Interesting how Ralph Klein made the final payment on his province's debt 2 months ago. I wish Ontario and Canada could say the same. |
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| malek |
| quote: | Originally posted by Jayx1
No getting into debt was stupid and irresponsible.
If you think paying back what you owe is stupid I'd really hate to see your personal books! |
dude, a country is built with debts... I am not gonna give you a course on that online, do your own researches.
Do you think Canada had the money readly availble when it built the transcanadian railway?
How about the major projects all around the country, nope.
The govt gets a loan and then expects to get it back by the increased productivity with the let say new railway or airport. |
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| malek |
| quote: | Originally posted by Jayx1
Interesting how Ralph Klein made the final payment on his province's debt 2 months ago. I wish Ontario and Canada could say the same. |
well Ralph Klein isn't stupid, his surfing the high oil prices and gets excellent returns, but thats luck more than anything. |
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