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Mike talks about the insanity of losing $100 billion in return for reducing a small fraction of 1% of global emissions. Benj Gallander, the contrarian investor with 3 stock selections plus a shocking stat that had every professional athlete in the country in awe.
Well maybe not. Despite the fact that students will left to foot the bill for an additional $55 billion over the next three years on top of the $685 billion in federal debt already racked up- they won’t be protesting. Debt is not a part of the social justice agenda.
The Government is projected to add about $55 Billion to the debt over the next 5 years and already proponents are saying the debt is affordable without giving any definition of affordability.
Deficits are not the “be all to end all” but the fact that we can afford them is of small relevance. It’s how our money is spent and on what. And on that score I invite you to read the reports of successive auditor generals who chronicle mismanagement and politically motivated spending. Or you can just think about the billion dollars wasted on the Phoenix pay system.
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$100 Billion In Economic Activity Stalled or Lost
Posted by Michael Campbell
on Saturday, 23 March 2019 12:15
Opponents of Kinder Morgan or the Coastal Gaslink and the Kinder Morgan expansion don’t care if the economy loses $100 billion or a $10 trillion or how much government revenues suffer in derailing the oil and gas industry – but the rest of us should.