Canadian politics thread

[murd0c]

a budget that's going to push Canada further into debt.. I find their to motto about "fairness" being straight BS. Budgets are not about being fair it's about being what's the best for the country. I think this budget is just the Liberals way of trying to buy more votes by the people that are pissed off at them.

Lets give all this money away to groups to make them happy so we get their votes when the next election happens.

[68style]

I don't know about you, but I can remember being single digits years old in the 80's when every year every government, provincial and federal, said they were going to balance the budget and get us out of debt.

I know charts based on actual data don't fit your preferred method of information consumption nor do they speak to your confirmation biases, but here you go:



The federal government has actually been decreasing the national debt since Covid ended after that hooptied everyone, not just Canada, everyone... so pushing Canada further into debt is factually incorrect unless you think a different government would have magically handled Covid better.

The terrible at economics (sic) Liberal party actually barely blipped the meter national debt wise for the first 5 years they were in power, not even reaching the amount the Conservatives had spiraled to just 2 years earlier in 2013 before they cut anything that resembled a social program to try and get back to earth again.

[Great68]

If you expand that graph back into the 90's, the Jean Chretien liberals actually made a $100 billion reduction in our national debt during their term, before the Harper Conservatives pissed that all away and bloated it up 200 Billion.

It's really funny that people are believing that the conservatives are going to rein debt in, when their last several significant stints in power their performance has proven the opposite.

[underscore]

I always hate charts that don't start the Y axis at 0. They make the differences look so much larger than they actually are.

[Hondaracer]

Here ya go:

https://www.fraserinstitute.org/site...dians-2023.pdf

Under Trudeaus reign of terror household debt in BC has increased 75% as the charts on the 3rd page

Household debt is also among the highest in the G20

https://www.ctvnews.ca/lifestyle/hou...nada-1.6805719

I know you liberal apologists will find any way to weave it to your liking however, the bottom line is, our debt is at an all time high and the illusion the liberals have woven that debt is actually decreasing is only because it’s not factoring in the insane spending promised after the election. Which is even more disgusting that they won’t buck up now for things like housing etc. instead, they are holding people hostage in housing and support until you vote them back in.

If debt was this high, and we were all living “good” it wouldn’t be an issue. However, debt is at an all time high and -everything- is worse than when it wasn’t. Period. Essentially we are in more debt than ever with nothing to show for it.

[68style]

You lost me at reign of terror

I was today years old when I learned the Prime Minister of Canada was also responsible for every region of Canada's nuances AND is also the Premier of BC. Interdasting.

I literally just showed you a graph that debt is on its way down from a Covid induced all-time high. It's not at an all-time high.

Are you still enjoying all the edibles etc that Justin gave you?

If everything is worse, how come I'm having my best financial time ever? I think you are too actually if I'm not mistaken? Be honest, cushy new job, rental income, vacays in Portugal. How are you worse off than you were before Covid? If I'm not worse off and you're not worse off... maybe there are also other people who are not worse off too!

My fancy new realtor friend in Calgary literally did the same thing, told me in 1 breath that he's made more money than he's ever made the last 2 years but also that the economy was terrible and PP is going to save it. If that's not a psychological experiment right there, I don't know what is.

[Hondaracer]

Well what’s the constant over the last decade that drove household debt to record highs across every single province?

[MarkyMark]

Is RS the benchmark for how well off the average Canadian is doing financially?

[Hondaracer]

lol your average person outside of RS is almost undoubtedly doing SUBSTANTIALLY worse

[68style]

Originally Posted by Hondaracer

Well what’s the constant over the last decade that drove household debt to record highs across every single province?

Covid?

There's nothing besides Covid and inflation that applies to every single province.

Real estate an rental issues only exist in BC and ON for example, starting to ramp up in Calgary. The foundation for that issue was laid in the 90's. Other provinces have other issues that are particular to them and not BC. Lack of industry, changes in industry, their proximity to Ottawa, natural resources. Lots of provinces have always been have not and propped up by have provinces.

Originally Posted by Hondaracer

lol your average person outside of RS is almost undoubtedly doing SUBSTANTIALLY worse

You have absolutely no way to quantify this statement, and actually you're probably wrong... RS has significant household debt. Look at the real estate thread, half the guys on here are mortgaged up to their eyeballs right now.

[Hondaracer]

Having a roof over your head and a car that isn’t always breaking down at the very least puts you in the top half of Canadians.

My own “wealth” puts me in the top 5% for my age and I gotta think about whether I’m adding bacon to my subway sandwich or not.

[Tapioca]

People not on RS are doing substantially worse, on average, for sure.

So, it's easily understandable why a government would give money away and not bother trying to achieve a balanced budget - people are hurting. Too bad the hate is so strong by some here that they can't see this. The fact is that all governments bribe their constituents in some way or another - either through cash or policy.

Canada is a country that has had it too good for too long.

[68style]

Originally Posted by Hondaracer

Having a roof over your head and a car that isn’t always breaking down at the very least puts you in the top half of Canadians.

My own “wealth” puts me in the top 5% for my age and I gotta think about whether I’m adding bacon to my subway sandwich or not.

Well, only 35,000 people are homeless in all of Canada............................... so only 0.09% (rounded up) of Canadians are homeless.

I can't quanitfy how many of those people have cars, last I checked having a car wasn't a life necessity, but for having a roof over your head 99.9% of Canadians are in the... top... half?

Yah, wee bit more than half my friend.

If you're thinking of bacon on your sandwich it's more likely for health reasons than anything else.

[Hondaracer]

Sorry, *owning the roof.

[MarkyMark]

Originally Posted by 68style

You have absolutely no way to quantify this statement, and actually you're probably wrong... RS has significant household debt. Look at the real estate thread, half the guys on here are mortgaged up to their eyeballs right now.

Mortgaged up to their eyeballs with a detached house in Van worth 1.5+ million lol average Canadian for sure

[68style]

You're the financial expert Mark, debt is debt. Not average, but very, very financially precarious even if it's by choice.

[68style]

Originally Posted by Hondaracer

Sorry, *owning the roof.

Still 66.5%, middle of the pack worldwide man! Better than all these countries:


Canada 66.5 2021[25]
Australia 66.3 2020[26]
United States United States 65.9 2022[27]
Brunei 65 2019[28]
Sweden 64.9 2021[3]
France 64.7 2021[3]
Israel 64.6 2019[29]
New Zealand 64.5 2018[30]
United Kingdom 63 2018[31]
Saudi Arabia 62.08 2019[32]
South Korea 60.6 2021[33]
Iran 60.5 2017[34]
Denmark 59.2 2021[3]
Turkey 57.5 2021[3]
Japan 55.04 2021[35]
Hong Kong 51.5 2021[36]
Austria 51.4 2022[3]
East Timor 49.9 2007[37]
Germany 49.1 2021[3]
Switzerland 42.2 2021[3]
United Arab Emirates 28 2017[38]
Nigeria 25 2019[14]

[mikemhg]

Originally Posted by Hondaracer

Here ya go:

https://www.fraserinstitute.org/site...dians-2023.pdf

Under Trudeaus reign of terror household debt in BC has increased 75% as the charts on the 3rd page

Household debt is also among the highest in the G20

https://www.ctvnews.ca/lifestyle/hou...nada-1.6805719

I know you liberal apologists will find any way to weave it to your liking however, the bottom line is, our debt is at an all time high and the illusion the liberals have woven that debt is actually decreasing is only because it’s not factoring in the insane spending promised after the election. Which is even more disgusting that they won’t buck up now for things like housing etc. instead, they are holding people hostage in housing and support until you vote them back in.

If debt was this high, and we were all living “good” it wouldn’t be an issue. However, debt is at an all time high and -everything- is worse than when it wasn’t. Period. Essentially we are in more debt than ever with nothing to show for it.

The Fraser Institute?

[JDMDreams]

Bro they are doing worse cuz they ain't on RS. Lol just look at the GDP numbers, they can only go up so much if we don't want to sell anything. I guess we can eat the green and environment right? Bills will pay themselves. Negative GDP we go.

[JDMDreams]

https://financialpost.com/news/econo...ould-get-worse

https://financialpost.com/news/econo...vity-emergency



Time to think of another country to flee to

[CivicBlues]

Luxembourg/Ireland/Bermuda/Cayman Islands - all tax havens
Qatar, Norway - Oil
Macau - Gambling
Singapore -Kaisu mother fuckers!!!
Switzerland - Nazi Gold

So really the only comparative we have on that list is the US. And they're a cultural, industrial, innovation powerhouse. Where are the other Euro countries, Japan, Korea, etc.?

[Hondaracer]

Macau is a country?

[CivicBlues]

If you want to be pedantic about it, neither are Bermuda and Cayman Islands

I mean for every list they still show Hong Kong and Macau as separate countries. It might have something to do with separate currencies, economies, immigration policies, etc.

[68style]

Originally Posted by Hondaracer

Macau is a country?

This report was not approved and then later condemned/banned by the CCP

[CivicBlues]

Originally Posted by 68style

This report was not approved and then later condemned/banned by the CCP

lol why would they? The CCP are the ones providing the statistics.