Mike's Daily Comment
Because the music shows no signs of stopping. Neil McIver joins Michael to explain why monetary stimulus supersedes all other factors – and its not ending anytime soon.
Canada’s federal debt this year alone will double but few seem to care how the money’s spent- or wasted – as long as the government says it’s about the pandemic.
Shocking Stat
The government said the pandemic relief measures were to help individuals and businesses to get through the pandemic but the fact is that $7 was borrowed and sent out for every $1 of lost income.
Goofy Award
The hypocrisy of so many elected politicians who say one thing and do another is astounding. Obviously restrictions and guidelines are for the little people.
There’s something very wrong when the reaction to the massive federal deficit would be the same whether it was $250 billion, 382 billion or $550 billion. To say we are not serious about the financial danger is an understatement.
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The “Debt’s Affordable” Crowd are too Glib by Half
Posted by Michael Campbell
on Tuesday, 8 December 2020 7:29
Events outside our borders will have a major impact on whether the massive provincial and federal deficits are affordable.