Quote:
Originally Posted by Nlkko
It's not a big deal for governments to be in deficit. Governments takes on debts all the time to finance projects. Countries like US or Canada don't have to pay it all back before taking on more debts. Perks of having healthy economies and a wealthy population.
"Balancing the budget" or "hey, we're fucked we're in deficits" are soundbites to trick the people who don't know any better.
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I rather Canada be the nation to lend other nations money rather than the ones to be borrowing. When you have money to lend to other nations you have power over them and more leverage over them.