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.
Instant Wisdom
During the federal election campaign we’re reminded of Jordan Peterson’s warning of the fall-out from not telling the truth.
Quote of the Week
You’ll be amazed at how Ayn Rand’s classic best seller, Atlas Shrugged is just as relevant today as it was in 1957 when it was released.
Shocking Stat
Is climate alarmism about saving people or virtue signalling. If it’s saving people then you’ll want to hear these shocking stats. If it’s virtue signalling they’ll mean nothing to you.
Goofy
A profound tragedy puts the spotlight on the question – what would it take to lose your driver’s license permanently?





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?