10-16-2013, 06:37 AM | #27 | ||
Nomadic Tribesman
Join Date: Nov 2008
Location: Brampton, Canada
Moto: '09 ER-6n
Posts: 11,150
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That's like saying that shooting your dog is a step in the right direction for controlling unwanted pet breeding. Now it may well screw you all on debt servicing costs, since there's talk of downgrading your Federal government from AAA.
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The second is who will you blame for it not providing the promised services, when it was cut off at the knees by the opposition? A crippled programme will not have a hope in hell of providing anything close to what the original proposals promised. Quote:
The spending that increased the debt started under Bush. It was necessitated by a lack of controls on fiscal institutions that started decades back and hasn't been corrected by successive governments; both Republican and Democrat. Take a look at a graph of debt vs. year, corrected for the value of the dollar of any given year, and note when the majority of that debt took a big upswing. Odd how conservatives simply have different ways to waste your money, isn't it? The Province of Ontario went through a microcosm of what you're experiencing, back in the '90s. The then-Premier started by spending his way out of a recession and then changed horses in mid stream, deciding to go for fiscal restraint and cut-backs. Either strategy has been proven to ultimately work but, unfortunately, only if you stick to your guns. His actions screwed our economy for a decade and it could have been even worse.
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