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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.
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You're under the assumption that the text in bold will somehow remain the standard.
What happens when a recession hits and employment insurance needs to be paid out, among other costs? Just doesn't matter?
The average Canadian pays 42% of their income in taxes. New carbon tax is going to increase the cost of living here even higher. Yet he's still projected to spend more of our money.
Maybe you don't think it's a big deal that we're overtaxed AND in debt. Others may beg to differ.
Quote:
Originally Posted by Nlkko
"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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So when Trudeau ran on "balancing the budget" he was tricking those who didn't know any better.