SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: Ron Everest who wrote (8869)3/1/1998 10:41:00 PM
From: Tom W.  Read Replies (1) | Respond to of 14627
 
It is interesting to note that when Brian Muldoon (of Frank Magazine fame) became Prime Minister in 1984, the Federal Debt was 184 billion dollars. Of course he campaigned on the Liberal's mismanagement of taxpayer's dollars.

Mr. Chretien is currently patting himself on the back for supposedly fixing Canada's fiscal problems. Congratulating oneself for actually paying the interest on one's credit card for the first time in about 30 years is absurd. I also question having the Finance Minister operating a shipping company in the Great Lakes while paying no taxes because the ships are not registered in Canada.

I agree, it's time for a change.

Just my 2 cents

Tom W.



To: Ron Everest who wrote (8869)3/1/1998 10:59:00 PM
From: Shirley Owen  Read Replies (2) | Respond to of 14627
 
Hi Ron, The last figure I seen was around 638 billion, but we won't quibble about 50 or so billion. Suffice to say that it is an outrageous elephant on our back for a country with a population of roughly 30 million. Yes, you're right, Trudeau started it to the tune of about 138 billion. When he left office and Mulroney was ushered in, I think he took it upon himself to show Trudeau how to REALLY raise the roof. There was no stopping him. After the ship was listing so bad and in imminent danger of sinking, he did like most rats do, and left the sinking ship. I suppose that we should be grateful that he didn't stick around any longer.

I watched them all congratulating themselves on ending the deficit, but there was no mention of the debt. That is a dirty word on the hill. I also noticed all the interest groups out there fighting for this "surplus."How can you have a surplus when you owe that much money? That's a pretty elementary question as well. As you say, Ron, there is no real plan for paying down the debt and when asked Martin responded with bafflegab, not unlike our PFG management. What happens when the economy slows down and the coffers are empty? That's pretty elementary as well.

The other thing that I find outrageous is the federal surtax, which was supposedly to pay down the deficit, and yet it is not being rescinded. My question is, why are we paying a surtax on a deficit that does not exist anymore, according to the government? This was a tax on a tax for a specific purpose which no longer exists... so where is the rescinding order?.

I agree with you, as I also think Martin will be running for Prime Minister in the next election. The education fund being set up by the Federals, rather than the provinces is so they can rename it the Chretien Fund after he leaves office as his legacy. It should have been distributed to the provinces, because they were the ones who were robbed of the money in the first place, although, having the NDP in power in B.C., it's probably just as well they didn't transfer it here, as it would have been flushed down the drain like the rest of the economy in B.C.

I guess we should start a political thread, although I believe there was one at one time. Is it still operating, Ron? I could rant and rave about the idiocy perpetrated by our politicians for hours, but I should close for now as I want to watch a documentary on T.V. soon and I have a couple more posts to answer before that.

Where is there a man worth his salt to lead this great country of ours into the 21st Century?????? That's the 64,000 dollar question.:-)

Cheers, Ron

Shirley