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We're drowning in government debt

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05 Jan 2016 11:25 #286658 by chairman
TORONTO - Taxpayers are up to their eyeballs in debt thanks to their governments.

In particular, the Ontario government’s net debt has grown by almost 91% in less than 10 years — the highest rate of growth of any federal or provincial government in Canada, a new Fraser Institute report shows.

“Ontario’s debt growth has attracted negative attention from international credit agencies and research shows that the rate of debt accumulation is not sustainable over the longer term,” says the Fraser report — released Tuesday.
TORONTO SUN.COM
The Cost of Government Debt in Canada 2016, authored by Charles Lammam, Milagros Palacios, Hugh MacIntyre and Feixue Ren, says that every provincial government and the federal government have run up their credit cards since the economic calamity of 2008/09.

Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
cricketwindies.com/forum/

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05 Jan 2016 12:09 #286675 by ketchim
Copy USA and raise the debt Ceiling    ::LOL::

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  • Scooby Snack
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05 Jan 2016 15:20 #286723 by Scooby Snack
Enjoy the collapse...

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  • Kwami
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05 Jan 2016 17:18 #286737 by Kwami
The Fraser Institute is a right wing think thank and it has no credibility . They specialize in attacking Liberal Govt's  . Mouth piece is the Toronto Sun a rag sheet publication . They never criticize the Tories  who ran up the Federal debt    to astronomical levels
I would suggest that the chairman refrain from posting anything about this here country  since he haven't a clue

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  • Astdua
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06 Jan 2016 06:08 #286764 by Astdua
First the US has so much debt it is bound to economically collapse in the medium future, but sadly other nations don't learn the lesson and do the same thing.

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  • Googley
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06 Jan 2016 10:56 #286817 by Googley

better yet, be like Greece!  :P

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  • Sterlingjay0123
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16 Jan 2016 23:23 #287882 by Sterlingjay0123
YOLO

Hehe, just joking. This is why prepping is no joke! Get your stuff together people. Learn to garden, learn some basic survival skills.  A lot of people are just running around in circles hoping big brother can fix it. Take care of yourself, get a food supply going and get extra essentials, never know when stuff will hit the fan.

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  • briannagodess
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17 Jan 2016 10:28 #287911 by briannagodess
This topic made me think about: Which countries don't have debt? And so here is what I found out:

1. Palau
2. Liechtenstein
3. Brunei
4. British Virgin Islands
5. Macao

Makes me want to live in these countries, almost all of them has more greenery that cities. ::love::

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  • Sterlingjay0123
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18 Jan 2016 23:06 #288099 by Sterlingjay0123

:-* :-* :-* :-* :-* :-*
Take me with you! I'd definitely be okay with moving to a tropical island! hehe!
On that note, hurricanes would be especially harrowing, and I'm sure flood insurance rates would be sky high!
I'm wondering what techniques they're using that we could implement into our own society, and would work in such a large country as effectively.

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  • chirp
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19 Jan 2016 22:27 #288248 by chirp
It is only a matter of time before they are labeled as "bad people" and a banking system and forced debt is installed. They did this to Gadaffi, Saddam, and many others when they would not accept the US dollar for oil trade. I'm sure that if any of those 5 end up having natural resources suddenly that the US or some other country wants, they will suddenly have ISIS and all kinds of strife going on there to justify imperialism and control of those places. I hope that doesn't happen, but it's happened so many times that I would be surprised if it never did. The only 2 places that I know of that America wasn't able to get away with this completely was the Korean war and with Vietnam. Other places fell pretty quickly when they had what they wanted. Sometimes they leave them destitute after they've taken what they needed, too. Look at the Philippines. Some say the US liberated the Filipinos from the Japanese which is true, but what did they take and what did they leave behind in exchange for that liberation? They might or might not be better off for the involvement, but places in the middle east were much better off before America started interfering with things there.

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