The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: KyrosL who wrote (20607)	5/28/2009 11:05:25 PM
From: Cogito Ergo Sum	Read Replies (1) of 71475

The VAT (GST) in Canada was a huge enabler for the Liberals in Canada to get the federal books in order.. Of course they got elected by promising to cancel it (The Conservatives brought it in) LOL... but that's another story.. The other thing that the Liberals did was to cut entitlements deeply by drastically cutting off federal funding to the provinces. They collected taxes but slowed the distribution in favour of the deficit and later debt reduction as the economy improved... The provinces were on their own to deal with the cuts.. Doesn't seem to be the path the US is on.. By the way here we are again in a recession... and Canadians really never got back much lots of what was taken away ... It's truly a long term project... TBS

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