2023 Federal Budget discussion

[suntan]

We're all going to get it whether we like it or not.

[davidI]

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$53 billion in interest payments certainly reduces entitlements.

It's more the debt crisis that happens afterwards that's problematic.

This should be Poilievre's only campaign commercial.

[Manhattan]

Bitcoin promoter grilling liberal journalist acting as finance minister. Hate politics so much on both sides.

[davidI]

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Bitcoin promoter grilling liberal journalist acting as finance minister. Hate politics so much on both sides.

I think Bitcoin is dumb AF but his point in talking about BTC is the soundness of fiat currency and particularly that of CAD, which has been underperforming the Mexican Peso for quite some time.

Liberals will put "but he promoted Bitcoin" on repeat, just like they used "But Harper..." for the first 5+ years of their tenure but the real point we need to be talking about is Canada's fiscal situation.

They keep claiming that Canada has the lowest Debt to GDP of the G7 but what they don't state is that our position has debt service costs have increased immensely and will only continue to do so given the economic direction the country is headed (down).

[pheoxs]

Doesn’t the lowest debt to gdp claim actually have a huge astrix next to it since they are using net debt, which basically uses our cpp fund as an ‘asset’ to make it sound like we’re less indebted. Other countries don’t use their pension fund in their net debt calc. Without that we’re actually middle of the pack for G7 debt and a lot worse than they claim.

* If I’m remembering that correctly

[killramos]

The Liberals use smoke and mirrors to hide their incompetence?

Don’t you know they are the most transparent government ever?

[Buster]

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Doesn’t the lowest debt to gdp claim actually have a huge astrix next to it since they are using net debt, which basically uses our cpp fund as an ‘asset’ to make it sound like we’re less indebted. Other countries don’t use their pension fund in their net debt calc. Without that we’re actually middle of the pack for G7 debt and a lot worse than they claim.

* If I’m remembering that correctly

We have an enormous amount of provincial debt which will need to be bailed out

[ZenOps]

TBH I'm a little bit surprised they didn't raise the retirement age to 69. Might as well do the entire world.

[mr2mike]

A treadmill they can't get off now. Debt debt debt.

[tirebob]

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A treadmill they can't get off now. Debt debt debt.

More like an escalator...