Yet despite the massive deficits and debts that financed the war, Ottawa was back to running surpluses within two years of its end. “One might hope for something of the same turnaround,” Prof. Fagan said.
That doesn’t change the fact that by the time this is all over “we will be looking at hundreds of billions of dollars in debt that we did not anticipate six weeks ago,” said Kevin Milligan, a professor of economics at University of British Columbia. And this economic shock has forced us all to confront realities that we were trying to avoid: One way or another, maybe sooner or maybe later, the Canadian economy needs to transition away from oil and gas to cleaner forms of energy, especially with oil prices so low it’s hard to make a living off them., our aging society was going to force up the cost of health care, even before the pandemic arrived.
But “the 'E’ part is the critical part to me," he said."We cannot be paying $2,000 a month to anyone who checks a box forever.”
globepolitics We don't have a choice
globepolitics The way we can afford it is to make the rich pay. This is not a cliche but a must; those who hide trillions off shore, avoid taxes, pay low taxes, deal in cash etc etc must be dealt with. Also new fair tax system must be intro. to make sure the rich/corps pay their share. DO IT
globepolitics Says Judas. Do you believe him
globepolitics Our dollar is plummeting, oil is under 5 bucks, and Trudeau is printing money like they're Jehovah's witness flyers. What could possibly go wrong?
globepolitics The globe seems to have started to kiss Trudope’s ass. Did they get some of that money? traders cowards
globepolitics No, Canada will not recover since Drama queen Trudeau has already bankrupt this country.
globepolitics Sure. If you say so.
globepolitics No way
globepolitics Yes we can handle the deficit it’s been going up for decades and if handled correctly it will be fine. You are comparing your own household debt ratio to the governments and it is nothing like an individual household. Watch and learn.
globepolitics Seeing those comments now I know why Canadian generally can’t do simple maths. A govt keeps all the money and 10-20% of you may die bcoz you need to work for contributing Canadian economy. Dead people can’t work.
globepolitics Ahhhhh, sorry April fools day has already passed.
globepolitics despite the business lean, i managed to get through this obsurd article. what is it you guys don't get about what we are facing right now ? it doesn't matter what level the deficit is at! were trying to stop the body count! to put more pressure on Canadians is wrong! priorities
globepolitics Then why the $100,000,000,000 deficit?
globepolitics Nope, we can't.
globepolitics No. Canada can’t afford the Crisis after 5 years of financial mismanagement by Captain Crayon’s spending on his vanity projects. It’s incredible to see the lengths that Canadian media goes to in order to pamper and protect Trudeau.
globepolitics Interest rates are low because the government crashed the economy overnight. That doesn't make it okay to add debt that will take decades to repay. Oil prices are similarly low because demand was destroyed by stay home orders. It says nothing about the potential of cdn oil.
globepolitics Another Katie Telford byline. Whodathunkit?
globepolitics More State Propaganda from “media” on federal payroll. Degenerates.
globepolitics Look at the national debt instead. Canada had virtually none until Pierre Trudeau switched the public lending right from the true Bank of Canada to private banks. The 'deficit' is not the real issue.
globepolitics The once prestigious newspaper has now been reduced to being a Lib funded shill - current value of this rag - bottom of a bird cage to collect droppings
globepolitics Canada can NOT afford this If we could we wouldn’t need to borrow to begin wth
globepolitics That's what the carbon tax is for.
globepolitics
globepolitics With what revenue exactly? Not one project off the ground in 5 yrs and investment has fled and dried up. I don’t think it should read Canada can afford, it should read tax payers will cover it.
globepolitics We're just lucky to live in a country where the budget balances itself.
globepolitics Really?
globepolitics Justin is smoking the crack pipe.
globepolitics Would you say the same if Harper was at the helm?
globepolitics Lol how? By selling the country to Trudeau’s best friend China?
globepolitics 0031681096780
globepolitics No, it can’t. This is going to come back and haunt us financially for a long time!
globepolitics By Canada do you mean tax payers?
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