Mike's Daily Comment
We’re not running double digit deficits because we’re in an economic downturn or can’t afford essential services. We run them because we want government to give us more and we’re not prepared to pay.
In the last federal election the NDP, Liberals and Conservatives all promised to balance the budget. Today, only the Conservatives promise to do it and it will take 5 years. The other parties know that fiscal responsibility doesn’t sell but a free lunch does.
Talk about marginalized. It’s not that the student climate protesters don’t like or care about the impact of the Paris Accord or their demands for no fossil fuels by 2030 on the poor in developing countries. They don’t even consider them.
The pine beetle and wild fires have decimated our forests pushing the price of logs up – then the BC NDP/Green government makes matters worse by increasing stumpage fees, a carbon tax that’s no longer revenue neutral and a healthcare tax on employers.




Is the Constant Deficit Spending Affordable
Posted by Michael Campbell
on Thursday, 3 October 2019 6:12
It totally depends on the assumptions underlying the statement. So my question is did you forecast the recent repo crisis that sent interest rates up 500% – how about the Deutsche Bank’s derivative problem or Trump’s trade war?