Liberals to spend $100B after posting record $381B deficit

[helmsdale]

[burnt]

Mallee should be the least unhappy on the list.

And the U.S., which has not disabled its massive natural resource economic engine, has somehow "only" worsened its position by half as much as our Sock Puppet and Bobblehead have done.

[Guest]

Wonder how True dope cheerleaders can justify this ?
I guess the other countries like the US never had COVID as bad ?
But wait now , CBC said ......,

[AlbertaFarmer5]

So how much of this deficit is caused by farmers taking the 40,000 loan that only needs 30,000 paid back? Or the Money that goes into agri invest accts. Yes im guilty of getting agri invest.

Assuming the entire amount of this and other bridge financing programs is fully included in the deficit, and that most will eventually be paid back, will improve the numbers slightly, someday.

[burnt]

5 years ago, Harper called it - "He has no idea what he is talking about".

Only it's exponentially worse than PMSH predicted.

[bucket]

Wouldn't that be great if they could reference that every time trudeau blames the Harper government for something...

[jazz]

Moodys is the only ratings agency giving Canada a AAA rating. Fitch has us at Aaa. I will remind folks that Moodys was the one that gave the big mortgage bond ratings for the US back in the 2009 financial crash. You should trust them as far as you can throw them.

Here is some sober perspective on our fiscal reality from even the morons at cbc.

In a nutshell, our worst gdp to debt spending ratio ever was 19%. We are at 50%.

Thats all you need to know.

https://www.cbc.ca/news/opinion/opinion-deficit-debt-spending-pandemic-canada-1.5813479 Liberal government is placing a daring fiscal bet with its massive deficit spending plan
Federal debt-to-GDP ratio has ballooned from 31 per cent in 2019 to 50.7 per cent today

The liberals will have to raise GST or carbon tax to get this under control within a year and that will send productivity and investment fleeing the country.

[jazz]

Edit in; After cumulative debt sunk the Mulroney govt (trying to clean up after PET), Chretien ended up with a 66% gdp to debt ratio. Not sure if anyone remembers 1994-1996, but it took a govt infrastructure program to bring the economy out all while the raised gst and pillaged the EI fund to pay it down.

Here is where the dollar stood during those times.

[ColevilleH2S]

Have ya received a margin call on that short yet

...I have a hard short on Canada. I will bet against Trudeau all day long. Converted more CAD to USD today...

[jazz]

Have ya received a margin call on that short yet

Lots of ways to short the cad and they dont involve a margin call. Too early is not wrong. Stay tuned.