Canada's debt

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July 19th, 2023, 06:24 AM
fishfood

Canada's debt

I'm sure the interest payments are now going to be larger than our health care spending. What a shame imagine that as we are nowhere near to fixing the issues.

The new Ontario energy plan is almost 12 years away to more affordable energy. The dates are for the 2030s to 2040s for completion.

More big spending to come and higher taxes as a result.

When budgets balance themselves lol.

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July 19th, 2023, 09:44 PM
greatwhite

Yeah I'll be dead by then. But I am teaching my kids about how to take care of themselves.

Quote:

Originally Posted by fishfood

I'm sure the interest payments are now going to be larger than our health care spending. What a shame imagine that as we are nowhere near to fixing the issues.

The new Ontario energy plan is almost 12 years away to more affordable energy. The dates are for the 2030s to 2040s for completion.

More big spending to come and higher taxes as a result.

When budgets balance themselves lol.

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July 20th, 2023, 08:05 AM
werner.reiche

Interest is projected to be 42B. Canada spends 331B on health-care. The 331B is combined all levels of government. The liberal budgets are a bunch of fluff - it doesn't seem to have a list of line items telling us how much is being spent on what.
July 20th, 2023, 12:53 PM
73hunter

Elect a clown, expect a circus.

I saw a clip the other day of one of his press briefings from the pandemic days, a reporter asked him if Canada could afford the interest on all the new debt….Trudeau stopped for a second in disbelief and says “Glen…..interest rates are at HISTORIC lows”…..

enough said.
July 20th, 2023, 09:44 PM
grumpygeezer

Quote:

Originally Posted by 73hunter

Elect a clown, expect a circus.

I saw a clip the other day of one of his press briefings from the pandemic days, a reporter asked him if Canada could afford the interest on all the new debt….Trudeau stopped for a second in disbelief and says “Glen…..interest rates are at HISTORIC lows”…..

enough said.

The clowns net worth has grown from 10 million to over 100 million since he got elected..wish my net worth went up that much..go figure
July 21st, 2023, 04:39 AM
fishfood

Quote:

Originally Posted by greatwhite

Yeah I'll be dead by then. But I am teaching my kids about how to take care of themselves.

Maybe not don't be so hard on yourself.

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July 21st, 2023, 04:52 AM
fishfood

Quote:

Originally Posted by werner.reiche

Interest is projected to be 42B. Canada spends 331B on health-care. The 331B is combined all levels of government. The liberal budgets are a bunch of fluff - it doesn't seem to have a list of line items telling us how much is being spent on what.

Your right on total health care spending. What I saw was for Ontarios health spending. Not very much information available except that it's going to get higher over the next few years. That 42 billion might just be federal interest as this site says 68 billion. I heard the usa interest will be the the number 1 biggest expense. If the banks are saying mortgage mortgage payments will increase by 20 to 40 percent we should also expect the interest payments to increase aswell.

Keep in mind these rates are a half percent lower as the rates increased from 4.5 to 5 . With the grain deal over food prices are set to spike mucking up our inflation target's. Is the bank Finnished its hikes. ?

https://www.fraserinstitute.org/stud...s-2023-edition

https://www.fraserinstitute.org/blog...-across-canada

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July 21st, 2023, 04:54 AM
fishfood

Quote:

Originally Posted by 73hunter

Elect a clown, expect a circus.

I saw a clip the other day of one of his press briefings from the pandemic days, a reporter asked him if Canada could afford the interest on all the new debt….Trudeau stopped for a second in disbelief and says “Glen…..interest rates are at HISTORIC lows”…..

enough said.

Yes

Historic lows lol.

The bank said those days are over for lower interest.

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July 21st, 2023, 05:10 AM
fishfood

Quote:

Originally Posted by grumpygeezer

The clowns net worth has grown from 10 million to over 100 million since he got elected..wish my net worth went up that much..go figure

That's what happens when your an insider working with all the top businesses. The perks of having high friends in higher places.

They say it's a conspiracy but our finance minister sits on their board of trustee's so take that how you want to lol.

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July 21st, 2023, 08:24 AM
werner.reiche

Quote:

Originally Posted by fishfood

Your right on total health care spending. What I saw was for Ontarios health spending. Not very much information available except that it's going to get higher over the next few years. That 42 billion might just be federal interest as this site says 68 billion. I heard the usa interest will be the the number 1 biggest expense. If the banks are saying mortgage mortgage payments will increase by 20 to 40 percent we should also expect the interest payments to increase aswell.

Keep in mind these rates are a half percent lower as the rates increased from 4.5 to 5 . With the grain deal over food prices are set to spike mucking up our inflation target's. Is the bank Finnished its hikes. ?

https://www.fraserinstitute.org/stud...s-2023-edition

https://www.fraserinstitute.org/blog...-across-canada

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The 42B is the official number being thrown around - but 5% of 1.4 trillion is 70 billion. Maybe the feds can get a better interest rate than 5% or maybe that's an old calculation based on 3% interest rate.