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mindmetoo
Joined: 02 Feb 2004
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 Posted: Sun Aug 26, 2007 3:32 am Post subject: Canada's budget surplus larger than expected |
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http://news.yahoo.com/s/afp/20070824/wl_canada_afp/canadabudgetsurplus_070824202141
I was afraid that new PC government was going to do a Bush.
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| Canada is in a good position to report a budget surplus for the 10th consecutive year, a unique situation among the G8 group of developed nations. |
But I guess at the end of the day we shouldn't be so happy for a surplus. We should be happy for a break even. That means the government is taking billions in tax it shouldn't. Assuming money should be going to pay down the debt and the we are financing the health care system adequately, the money should be in the pockets of the citizens. Not something for the government to argue over how to spend. |
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Octavius Hite
Joined: 28 Jan 2004
Location: Househunting, looking for a new bunker from which to convert the world to homosexuality.
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| Posted: Sun Aug 26, 2007 3:57 am Post subject: |
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All the money should go directly on the debt. We should drive to push the debt down as fast as possible. Every time we put billions on the debt whether 3 billion or 12, it lowers the interest by hundreds of millions of dollars.
The budget surplus' and debt repayments are part of the reason that Canada has the hottest economy in the G8. I am willing to wait another 10-15 years for tax cuts if it means we eliminate 100 billion in debt (or more as long as its a considerable % of the debt).
Remember folks, this debt is thanks to our great-grandparents, grandparents and parents. It sucks that we have to pay it, but we do so let's get on with it.
I say pay it off as fast as possible and then cuts taxes to the bare minimum necessary to run the country. |
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Mosley
Joined: 15 Jan 2003
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| Posted: Sun Aug 26, 2007 6:00 am Post subject: |
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This is truly scary: I have to agree w/Octavius Hite.
Maybe he's a closet libertarian.... |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Sun Aug 26, 2007 6:09 am Post subject: |
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What is the cause of the US budget deficit?
Well alot of it has to do with a recession that had nothing to do w/ Bush.
A stock market turndown that had nothing to do with Bush.
9-11 well it did happen during Bush's watch, but it was being planned before he was in office.
Is Bush responsible for peek oil , that China and India are using much more and the drain it is on the US economy?
The US deficit is actually going down again is that cause of Bush or not cause of Bush.
If it isn't cause of Bush then why would you put all the blame for the increase on his administration? |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Sun Aug 26, 2007 6:09 am Post subject: |
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| Mosley wrote: |
This is truly scary: I have to agree w/Octavius Hite.
Maybe he's a closet libertarian.... |
I thought all libertarians were crazy fools like Ron Paul. |
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Mosley
Joined: 15 Jan 2003
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| Posted: Sun Aug 26, 2007 6:18 am Post subject: |
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| Joo: Libertarians ARE crazy fools...for liberty. And taxes, at a low rate, should only be imposed for legitimate functions of the state, e.g. national defense. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Sun Aug 26, 2007 6:30 am Post subject: |
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Everyone ought to see Ron Paul's views on the US military and the defense budget . It is said that he was on the verge of being against even the Afghan war but voted for it cause he was warned by his advisors that it would be a political disaster.
I am certainly no fan of liberals. If it ever came between voting for a liberal or a libertarian I would vote for the liberal. |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Sun Aug 26, 2007 7:32 am Post subject: |
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| Mosley wrote: |
This is truly scary: I have to agree w/Octavius Hite.
Maybe he's a closet libertarian.... |
As do I. Problem with his idea is it is too logical. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Sun Aug 26, 2007 7:55 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
Everyone ought to see Ron Paul's views on the US military and the defense budget . It is said that he was on the verge of being against even the Afghan war but voted for it cause he was warned by his advisors that it would be a political disaster.
I am certainly no fan of liberals. If it ever came between voting for a liberal or a libertarian I would vote for the liberal. |
That's because you identify libertarian with Ron Paul and the extremists in the Libertarian party.
If you want to look at a mainstream leader with libertarian tendencies in recent times, you should look at Clinton. Specifically, how he handled the budget and the economy, how he handled the military (reasonable cuts to lower the tax burden), and how he handled Bin Laden (not hyping him up or giving the man extra attention).
| Mosley wrote: |
| Joo: Libertarians ARE crazy fools...for liberty. And taxes, at a low rate, should only be imposed for legitimate functions of the state, e.g. national defense. |
Yeah, Ron Paul takes it too far by saying the FAA should be private and some of his foreign policy is wildly idealistic and naive. |
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thepeel
Joined: 08 Aug 2004
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| Posted: Sun Aug 26, 2007 8:22 am Post subject: |
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| Harper has a PhD in economics. While I think him backwards on some social stuff, I trust his economic judgment. He can't fix the world, but he will do less damage than the Liberals, at very least. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Sun Aug 26, 2007 2:41 pm Post subject: |
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| Kuros wrote: |
| Joo Rip Gwa Rhhee wrote: |
Everyone ought to see Ron Paul's views on the US military and the defense budget . It is said that he was on the verge of being against even the Afghan war but voted for it cause he was warned by his advisors that it would be a political disaster.
I am certainly no fan of liberals. If it ever came between voting for a liberal or a libertarian I would vote for the liberal. |
That's because you identify libertarian with Ron Paul and the extremists in the Libertarian party.
If you want to look at a mainstream leader with libertarian tendencies in recent times, you should look at Clinton. Specifically, how he handled the budget and the economy, how he handled the military (reasonable cuts to lower the tax burden), and how he handled Bin Laden (not hyping him up or giving the man extra attention).
I think Clinton was a good president over all but with the miltary the US went a new system procurement holiday. How old are the US F-16 and F-15 fighters? The increase in military spending was needed even if there no AQ.
As for Bin Laden - both Clinton and George Bush messed up big. They both deserve the blame for 9-11. for alot of reasons.
Bush has been a screw up no doubt but Clinton left him a lot of screwed up stuff to deal with.
| Mosley wrote: |
| Joo: Libertarians ARE crazy fools...for liberty. And taxes, at a low rate, should only be imposed for legitimate functions of the state, e.g. national defense. |
Yeah, Ron Paul takes it too far by saying the FAA should be private and some of his foreign policy is wildly idealistic and naive. |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Sun Aug 26, 2007 3:11 pm Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| Mosley wrote: |
This is truly scary: I have to agree w/Octavius Hite.
Maybe he's a closet libertarian.... |
I thought all libertarians were crazy fools like Ron Paul. |
Low taxes, government provides police, courts, and the military (ie ensures property rights). The public can do the rest with the money it earns.
What's crazy about that?
There are a few things, I think that are crazy, but none of them are real deal killers. I don't think the market should decide who gets certain drugs to which bacteria and viruses can gain immunity. I think some other basic infrastructure like roads need to be under government control. If you have a military and a police force, you can't expect them to use private roads.
Are you against the notion of small government and letting the market have as much freedom as possible? |
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Kuros
Joined: 27 Apr 2004
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| Posted: Sun Aug 26, 2007 3:45 pm Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| Kuros wrote: |
| Joo Rip Gwa Rhhee wrote: |
Everyone ought to see Ron Paul's views on the US military and the defense budget . It is said that he was on the verge of being against even the Afghan war but voted for it cause he was warned by his advisors that it would be a political disaster.
I am certainly no fan of liberals. If it ever came between voting for a liberal or a libertarian I would vote for the liberal. |
That's because you identify libertarian with Ron Paul and the extremists in the Libertarian party.
If you want to look at a mainstream leader with libertarian tendencies in recent times, you should look at Clinton. Specifically, how he handled the budget and the economy, how he handled the military (reasonable cuts to lower the tax burden), and how he handled Bin Laden (not hyping him up or giving the man extra attention).
| Joo wrote: |
I think Clinton was a good president over all but with the miltary the US went a new system procurement holiday. How old are the US F-16 and F-15 fighters? The increase in military spending was needed even if there no AQ.
As for Bin Laden - both Clinton and George Bush messed up big. They both deserve the blame for 9-11. for alot of reasons.
Bush has been a screw up no doubt but Clinton left him a lot of screwed up stuff to deal with. |
| Mosley wrote: |
| Joo: Libertarians ARE crazy fools...for liberty. And taxes, at a low rate, should only be imposed for legitimate functions of the state, e.g. national defense. |
Yeah, Ron Paul takes it too far by saying the FAA should be private and some of his foreign policy is wildly idealistic and naive. |
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Well, Joo, I'm not expecting to see you turn into a libertarian on us. But the reason I brought Clinton up was to demonstrate what a mainstream libertarianism would look like.
Stratfor continually reminds us that there is a rationale for Bush's unwillingness to commit the substantial and necessary number of troops to Iraq. Bush is trying to safeguard the vitality of the American economy. A libertarian would likely pursue the same kind of track, except the libertarian would disengage the country from the half-hearted commitment Bush has made.
America's strength is its free market economy. Even Bin Laden recognized that by making the WTC his primary target. |
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Octavius Hite
Joined: 28 Jan 2004
Location: Househunting, looking for a new bunker from which to convert the world to homosexuality.
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| Posted: Sun Aug 26, 2007 5:21 pm Post subject: |
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Whoa, I'm sorry if I gave the wrong impression of my own beliefs.
I believe that Canada should have universal health care and social assistance and employment insurance etc etc etc etc.
I also believe that we are overtaxed.
My point was that taxes shouldn't be reduced until we pay off at least 100 billion in debt (or more) and then we should be able to afford to cut taxes because the interest payment cuts should make it possible.
After the debt is payed off completely we should cut taxes to the bare minimum to run our entitlement programs and save a little money on the side in an Alberta-style Heritage fund.
I disagree with Harper's stated policy of cutting taxes and only pay 3 billion a year on the debt. Tax cuts can wait especially with the economy as hot as it is. |
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The_Conservative
Joined: 15 Mar 2007
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| Posted: Sun Aug 26, 2007 6:31 pm Post subject: |
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| BJWD wrote: |
| Harper has a PhD in economics. While I think him backwards on some social stuff, I trust his economic judgment. He can't fix the world, but he will do less damage than the Liberals, at very least. |
Very true. And lest we forget he DID keep all his campaign promises unlike a certain politician who say promised to eliminate the GST and then once in power did nothing about it. |
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