Big money owed ????

[pfi572]

Government debt in Canada set to top $1.3 trillion in 2016: Fraser Institute

 

[pfi572]

That total debt figure works out to $35,827 for every person living in Canada — a 41 per cent increase from where it stood in 2007-2008

 

[pfi572]

Fraser Institute sounds warning on government debt - Business - CBC News

 

[eclipse1966]

and here I thought Harper controlled spending…….. hmmmmmm Now we have round two…. lets see if we can catch up to the Americans debt.

 

[Mike270412]

I'm sure JT can beat the Americans.

and here I thought Harper controlled spending…….. hmmmmmm Now we have round two…. lets see if we can catch up to the Americans debt.

 

[Cdnfireman]

and here I thought Harper controlled spending…….. hmmmmmm Now we have round two…. lets see if we can catch up to the Americans debt.

Dont blame Harper. (I know it's tough for left wingers to learn the facts). Ontario, Quebec and BC have debt levels close to the total federal debt. Remember that these three provinces have in the last 30 years have almost exclusively had liberal or NDP governments, and while incurring these massive debt levels have never contributed to the programs that the Feds provide ( eg defence, pensions, EI, etc). The debt levels that these socialist provinces have rung up have been solely to provide services to their own citizens, not those in other provinces.
The maritimes combined owe about 40 billion, and up until the end of 2015 Alberta and Saskatchewan combined owed around 7 billion (strong conservative provinces).
Under the new Alberta NDP government, we will add probably 10 billion or so to those numbers, and our new prime minister PROMISED in his election campaign to raise debt and deficit numbers. Actually PROMISED to raise our debt and pass economic hardship onto our children!!! And guess where he got the majority of his votes to form his govt, you got it, the three most debt ridden provinces I listed above. For some reason, people in BC, (granted, mostly lower mainland) Ontario and Quebec are incapable of realizing that you can't spend your way into prosperity. Absolutely fu$$ing incredible.

Yup, blame Stephen Harper.

 

[eclipse1966]

you never know but I find it amusing how everyone praised Harper's government on good fiscal policy but it is the exact opposite.

I'm sure JT can beat the Americans.

 

[eclipse1966]

I think you better do some research. Our current government is a Conservative government here in BC not liberal like their name.

Dont blame Harper. (I know it's tough for left wingers to learn the facts). Ontario, Quebec and BC have debt levels close to the total federal debt. Remember that these three provinces have in the last 30 years have almost exclusively had liberal or NDP governments, and while incurring these massive debt levels have never contributed to the programs that the Feds provide ( eg defence, pensions, EI, etc). The debt levels that these socialist provinces have rung up have been solely to provide services to their own citizens, not those in other provinces.
The maritimes combined owe about 40 billion, and up until the end of 2015 Alberta and Saskatchewan combined owed around 7 billion (strong conservative provinces).
Under the new Alberta NDP government, we will add probably 10 billion or so to those numbers, and our new prime minister PROMISED in his election campaign to raise debt and deficit numbers. Actually PROMISED to raise our debt and pass economic hardship onto our children!!! And guess where he got the majority of his votes to form his govt, you got it, the three most debt ridden provinces I listed above. For some reason, people in BC, (granted, mostly lower mainland) Ontario and Quebec are incapable of realizing that you can't spend your way into prosperity. Absolutely fu$$ing incredible.

Yup, blame Stephen Harper.

 

[Mike270412]

????????? I never mentioned Harper.

you never know but I find it amusing how everyone praised Harper's government on good fiscal policy but it is the exact opposite.

 

[Cdnfireman]

It's you that needs to research the reality. It wasn't the current BC govt that racked up almost 200 billion in debt, it was all the socialistic liberals and ndp before it, although I'm sure the current liberals are doing their best to add to it. The sad part is that despite all the money BC has borrowed over the years, there's little to show for it. The road system is third world, most interior towns and cities are run down and struggling financially, jobs are lower paying than most other provinces and social assistance costs are among the highest. All this despite all the natural resources there and it being one of the most beautiful parts of the western world. Sad.

 

[eclipse1966]

didn't say you did. Sorry I was generalizing.

????????? I never mentioned Harper.

 

[Bnorth]

It's you that needs to research the reality. It wasn't the current BC govt that racked up almost 200 billion in debt, it was all the socialistic liberals and ndp before it, although I'm sure the current liberals are doing their best to add to it. The sad part is that despite all the money BC has borrowed over the years, there's little to show for it. The road system is third world, most interior towns and cities are run down and struggling financially, jobs are lower paying than most other provinces and social assistance costs are among the highest. All this despite all the natural resources there and it being one of the most beautiful parts of the western world. Sad.

No it really is you. Good spout off but BC only has about $66B in debt not $200B as you claim.

http://www.fin.gov.bc.ca/PT/dmb/ref/debtSummary.pdf

 

[pfi572]

Ontario, Quebec and BC have debt levels close to the total federal debt.

Yep 527.3 Billion out of the total 692 B ?

 

[eclipse1966]

BC has a 200 billion dollar debt?? Last time I heard it was at $65 billion. We have the Liberals running the province since 2001 (centre-right party) and the NDP prior for 2 terms (which was enough to almost ruin us). Prior to that was the Social Credit another right wing party. So, I fail to see your argument for the exception of the NDP term.

It's you that needs to research the reality. It wasn't the current BC govt that racked up almost 200 billion in debt, it was all the socialistic liberals and ndp before it, although I'm sure the current liberals are doing their best to add to it. The sad part is that despite all the money BC has borrowed over the years, there's little to show for it. The road system is third world, most interior towns and cities are run down and struggling financially, jobs are lower paying than most other provinces and social assistance costs are among the highest. All this despite all the natural resources there and it being one of the most beautiful parts of the western world. Sad.

 

[eclipse1966]

the Federal debt is $692 billion and the provincial debt between all provinces is over and above that. Cant imagine running my house like that…. yikes!

Ontario, Quebec and BC have debt levels close to the total federal debt.

Yep 527.3 Billion out of the total 692 B ?

 

[Cdnfireman]

No it really is you. Good spout off but BC only has about $66B in debt not $200B as you claim.

http://www.fin.gov.bc.ca/PT/dmb/ref/debtSummary.pdf

My mistake. I was thinking of Ontario. I'm sure as a BC resident you'll proudly stand up and announce your province is only 66 billion in the hole and getting deeper every day. Imagine if the billion or two in debt service costs could be spent on infrastructure or schools or seniors housing or something instead of interest payments to creditors.
Good thing people like you voted that nasty Harper guy out and the trust fund baby Trudeau in so he can borrow more money and bring us all "sunny ways" and besides, he said that " the budget will balance itself". ( his does, just ask his trust fund manager)

 

[pano-dude]

Dont blame Harper. (I know it's tough for left wingers to learn the facts). Ontario, Quebec and BC have debt levels close to the total federal debt. Remember that these three provinces have in the last 30 years have almost exclusively had liberal or NDP governments, and while incurring these massive debt levels have never contributed to the programs that the Feds provide ( eg defence, pensions, EI, etc). The debt levels that these socialist provinces have rung up have been solely to provide services to their own citizens, not those in other provinces.
The maritimes combined owe about 40 billion, and up until the end of 2015 Alberta and Saskatchewan combined owed around 7 billion (strong conservative provinces).
Under the new Alberta NDP government, we will add probably 10 billion or so to those numbers, and our new prime minister PROMISED in his election campaign to raise debt and deficit numbers. Actually PROMISED to raise our debt and pass economic hardship onto our children!!! And guess where he got the majority of his votes to form his govt, you got it, the three most debt ridden provinces I listed above. For some reason, people in BC, (granted, mostly lower mainland) Ontario and Quebec are incapable of realizing that you can't spend your way into prosperity. Absolutely fu$$ing incredible.

Yup, blame Stephen Harper.

Alberta debt is around 19billion now? If so thats pretty poor management by the consetvatives considering the boom the province has gone through.

Lets face it all governments suck at running things.

 

[freeflorider]

65billion or 200billion debt...who cares. With such a cash cow of resources in BC, Albt. or our sister provinces it baffles me why we don't have this in the bank instead and our streets paved with gold. Our governments no matter which one, are so piss poor at managing money and not being accountable for there stupid decisions and lack of intelligent spending is it any wonder we're seeing a mass of people overspending and living beound there means too. Monkey see monkey do. We're seeing this right before our eyes now. If you find yourself in a hole STOP digging!
Now if that is not enough, let's bring into our country more people and support them like were rolling in it, hey maybe we should be giving them a pentsion to boot.
Now we know why we're in a state of 911.

 

[pfi572]

Alberta debt is around 19billion now? If so thats pretty poor management by the consetvatives considering the boom the province has gone through.

Lets face it all governments suck at running things.

16.5 B right now and climbing

This was published July 2015

Alberta’s debt tops $11.9B with annual servicing cost of $714M: report | Calgary Herald

 

[catlove7]

For all the debt Canada has it will continue grow because of piss poor Managment and left wing ideas however I think a lot of people look at what the right hand is doing and misses what the left hand is slipping by us .