RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bleeding HeartsFirst, I knew the answer to the question. I just wanted to get you to post that liberals lowered it more recentlyand more significantly than cons, so thanks for that. Second ,percenatge of debt is percentage and it has grown with GDP as every consecutive PM spends more than the last. I'll remind you that Harper blew a pretty good surplus handed to him by Martin along with his increased debt so his numbers are tainted and according to your own posted numbers over double that of JT's as a percantage. JT's numbers aren't in yet so forecasting it is moot...that's why they don't publish it. Also, I said commodities, not O&G, and well O&G contributes substatially, timber and mineral commodities also contribute so nobody's ring will be kissed when all contribute to Canada's GDP.
GLTA Shareholders
Moemoney42 wrote: Well, I'd like to remind you.. what the question was.. Name a Prime Minister that lowered the debt level." Thats what I did..! If you don't like the answer, don't ask the question.. LOL... I'd also like to remind you that the level of debt when Harper and Mulroney were in power was a fraction of where it stands today.. so doubling debt from 20 -30 billion for example would be a 50% increase.. easily handled by a growing economy.. JT has ballooned the debt from his promise of 25 billion to nearly 400 billion currently..!! You'd have to be blind not to know this, or just ignorant to the facts.. yup and thank god for that "commodity boom" the one that JT is just too quick to want to throw out the window for a green new fantasy.. he'd better kiss the boots of those rig hands that they're still out working.. it sure the hell hasn't been thanks to him..!! Quintessential1 wrote: You and the Fraiser institute have a very partisan way of sorting facts
You both left out that
Haper increased the debt per person by 11.4%
and
Mulrooney increased the debt per person by a whopping 42.5%
are you really complaining about JT's 5,2% ?
What I will give you credit for is actually displaying that 3 out of the 5 Prime Ministers that reduced the debt were Liberal and out reduced their conservative counter parts by a ratio of 6 to 1
I will also point out that Clark was PM for less than a year and had no time to rack up debt and
MacDonald was our first PM over 130 years ago (really?).
We will wait and see what the new numbers on JT's spending turn out to be but try to remember this commodity windfall is a boon for the government coffers too and may just surprise you in how small in comparison to GDP they actually are.
Unless you can get Singh to vote JT out, he's staying until he calls another election.
GLTA shareholders
Moemoney42 wrote: And what's even worse, is this data is only up to 2019.. the level of debt JT has burdened this country with in the last 3 years is probably 10 fold the 2019 numbers...!!! THAT"S why he needs to be run out of town.. and fast..!! Moemoney42 wrote: "Incessantly huh? Name a Prime Minister that lowered the debt level."
Lowering the debt level isn't the issue.. its the increasing that's the problem.. but seeing as how you asked.. there's a number of them.. Quote: - Upon completing his term in 2019, Prime Minister Justin Trudeau is projected to be the largest accumulator of federal debt per person (5.6 percent) among prime ministers who did not fight a world war or experience an eco¬nomic downturn during their tenure. Sir Mackenzie Bowell and Sir John Abbott are the only other prime ministers in Canada’s history who have increased federal debt without facing a global conflict or an economic downturn.
To put things in perspective... unfortunenately the image wouldn't cut and paste.. Courtesy of the Frasier Institute..
Figure 3a: Percent Change in (Inflation-Adjusted) Debt per Person over Prime Ministerial Tenures Without a World War or Economic Downturn
Justin Trudeau - 2015 - 2019 debt per person up 5.6%
Bowell - 1895 debt per person up 4.7%
Abbot - 1891 debt per person up .7%
McDonald - 1870 - 1872 debt per person down 1.7%
Clark - 1979 debt per person down 2.9%
Pearson - 1963 - 1967 down 6.7%
Martin - 2004 - 2005 down 7.6%
Cretein - 1994 - 2003 down 13.3%
And that's what you get when you vote in someone who doesn't concern themselves with budgets or have the opinion that "bugets balance themselves"... LMAO..! Seems the accountants have a different view.. LOL..