XPost: can.general, can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 11/09/2011 6:57 PM, Ladytron wrote:   
   > Ladytron wrote   
   >   
   >> John Fleming wrote   
   >>   
   >>> I think the problems started emerging long before 2004-06.   
   >>   
   >> You are spot on.   
   >>   
   >>   
   >>   
   >> And troubled economic times should not be when spending cuts come in.   
   >> Spending cuts should occur when the economy is growing and tax revenues   
   >> are high.  That pays down debt because higher tax revenues combined with   
   >> lowered spending add up to surpluses, which reduce said debt.   
   >>   
   >> Bush cut taxes during a time of fiscal good times when he didn't need   
   >> to.    He ignored the debt.   
   >>   
   >> In the late 1990's, both Canada and the USA had a great problem.  What   
   >> to do with the surplus.   Paul Martin put it against our debt.   
   >>   
   >> When Bush moved into 1600 Penn ave.  He said "the government is taxing   
   >> the people too much" and reduced taxes, forgetting about the debt   
   >> obligation.   One that never goes away.   
   >>   
   >> When times are of low economic activity, that's when government steps in   
   >> and asserts well earned stimulus, through tax cuts and Federal spending.   
   >>   
   >> But if they don't save for a "rainy day", it's all mute.   Economic   
   >> activity is not day-to-day, it's a long term strategy.   
   >>   
   >> Sure.  Harper has increased our debt since the surplus days of the   
   >> Liberals, but there was a requirement to do so because it meant heading   
   >> off the impact of the screw ups in the USA.   
   >>   
   >   
   > Sorry for inadvertantly redirecting the replies to can.taxes.   
   >   
   > But think of it this way.  In 1999, 17% of every freaking tax dollar you paid   
   > went towards interest on our debt.   It's higher now.   
   >   
   > I am debt free.   I consider interest payments a bad thing.   
      
   Taken you shouldn't have taken the loan.  No way should interest rates   
   be under real inflation except for fraud.  It is a major source of the   
   problem in economics today.   
      
   You likely do not understand economics or are likely a debt addict in   
   denial.  Rates are far too low and should be 7 to 12%.   
      
   But if you are smart, use this opportunity to get out of debt.   
      
   > Why not pay that down with higher taxes in good times?   
      
   Higher taxes beget bad times.  And politicians are short sighted like   
   mosquitoes.  Just get the tax-debt slaves blood today.  Taxes been too   
   high for too long.  Sort of like cutting the grass to 2mm above the dirt   
   and next week you wonder why it hasn't grown much and is dying.   
      
   > But never get the idea that reducing spending during times of low economic   
   > activity is a good idea.   
      
   bingo.  Government is greedy and will always expand beyond their means   
   unless you get one hard assed conservative fiscal pull back.  Just like   
   addicted debtors getting a repo notice and a new credit card the same   
   day and then go out to use the credit card ignoring the collection   
   ntice.  Debt addicts.   
   --   
   First rule of holes:  If your in one, don't keep digging.   
   So in the hole, why do we insanely want more debt?   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)