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Thread: Canada's debt

  1. #1
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    Default 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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  3. #2
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    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 View Post
    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.

    Sent from my SM-G975W using Tapatalk

  4. #3
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    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.

  5. #4
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    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.
    Last edited by 73hunter; July 20th, 2023 at 12:57 PM.
    “You have enemies ? Good. It means you have stood up for something, sometime in your life”: Winston Churchill

  6. #5
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    Quote Originally Posted by 73hunter View Post
    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

  7. #6
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    Quote Originally Posted by greatwhite View Post
    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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  8. #7
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    Quote Originally Posted by werner.reiche View Post
    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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  9. #8
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    Quote Originally Posted by 73hunter View Post
    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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  10. #9
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    Quote Originally Posted by grumpygeezer View Post
    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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  11. #10
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    Quote Originally Posted by fishfood View Post
    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.

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