mcliu Posted Friday at 04:04 PM Posted Friday at 04:04 PM Ontario. Are you in Quebec? I think Ontario's in a bigger mess than most of the country because most newcomers end up here.
mcliu Posted Friday at 04:07 PM Posted Friday at 04:07 PM 2 hours ago, Xerxes said: 100% And pay our NATO bills. it ain’t free. Also crime. People are buying bollards for their driveways cause car theft has gotten so bad. We just don't have the budget for NATO because so much money is wasted here. CAD is breaking record lows. We don't even know what the deficit looks like for this year. Govt is bent on spending more and more. I guess that's what we should expect when the guy in charge thinks the "budget will balance itself".
Xerxes Posted Friday at 05:42 PM Posted Friday at 05:42 PM 1 hour ago, mcliu said: Ontario. Are you in Quebec? I think Ontario's in a bigger mess than most of the country because most newcomers end up here. yeap. La Belle Province.
Spekulatius Posted Saturday at 03:19 AM Posted Saturday at 03:19 AM Fighting two wars is getting expensive: https://www.reuters.com/world/middle-east/israel-budget-deficit-dips-79gdp-oct-despite-higher-war-expenses-2024-11-11/#:~:text=The ministry said that despite,first 10 months of 2024.
mcliu Posted Saturday at 07:39 PM Posted Saturday at 07:39 PM This is kind interesting. Israel has been running annual budget deficit (3-7%) for the last 25 years. But because their GDP has grown so quickly. Debt to GDP has gone from ~90% of GDP to ~60%.
mcliu Posted Sunday at 07:26 PM Posted Sunday at 07:26 PM https://nationalpost.com/news/hamas-vastly-inflated-gaza-death-statistics-study-shows
Spekulatius Posted Sunday at 09:05 PM Posted Sunday at 09:05 PM On 12/14/2024 at 2:39 PM, mcliu said: This is kind interesting. Israel has been running annual budget deficit (3-7%) for the last 25 years. But because their GDP has grown so quickly. Debt to GDP has gone from ~90% of GDP to ~60%. Yes, if you run a 4% deficit and have 4% growth, your debt/income ratio stays the same.
Dinar Posted Sunday at 11:10 PM Posted Sunday at 11:10 PM I would be very careful in comparing budget deficit as a % of GDP and debt/GDP across countries. In some countries (Italy, Israel, Russia, Ukraine, most of Africa, Egypt, etc) there is a very high cash economy as a % of GDP that is not recorded. In other places such as Germany/Switzerland/Netherlands/Sweden/Finland, I would assume much less tax evasion.
Spekulatius Posted Sunday at 11:49 PM Posted Sunday at 11:49 PM 35 minutes ago, Dinar said: I would be very careful in comparing budget deficit as a % of GDP and debt/GDP across countries. In some countries (Italy, Israel, Russia, Ukraine, most of Africa, Egypt, etc) there is a very high cash economy as a % of GDP that is not recorded. In other places such as Germany/Switzerland/Netherlands/Sweden/Finland, I would assume much less tax evasion. Germany has a decent cash economy too, I can assure that. Germans like paying in cash, getting paid in cash for good reasons and it’s not just because modern payments don’t exist. You get a better deal from a small contractor paying on cash than with credit or check, same than in the US. FWIW, the last car I bought in Germany from a dealer ( a low mileage almost new Vorführwagen) was paid in cash and I got a very good deal on that one, that was in the 90‘s but I am sure I could do the same thing now.
mcliu Posted Monday at 09:06 PM Posted Monday at 09:06 PM 23 hours ago, Spekulatius said: Yes, if you run a 4% deficit and have 4% growth, your debt/income ratio stays the same. Rare to see this today! All major economies are seeing debt/gdp ratios exploding higher. On 12/15/2024 at 2:26 PM, mcliu said: https://nationalpost.com/news/hamas-vastly-inflated-gaza-death-statistics-study-shows Surprise surprise, Palestinian health authority aka Hamas dramatically over-inflates Gaza civilians deaths.
Xerxes Posted Monday at 10:39 PM Posted Monday at 10:39 PM 1 hour ago, mcliu said: Surprise surprise, Palestinian health authority aka Hamas dramatically over-inflates Gaza civilians deaths. is that a re-post of yesterday. Why is it surprising that Hamas inflates numbers. Hamas does make up a lot of stuff. directionally though, does it matter ?
mcliu Posted yesterday at 02:30 AM Posted yesterday at 02:30 AM (edited) 3 hours ago, Xerxes said: is that a re-post of yesterday. Why is it surprising that Hamas inflates numbers. Hamas does make up a lot of stuff. directionally though, does it matter ? How is it a genocide? Edited yesterday at 02:33 AM by mcliu
Xerxes Posted yesterday at 03:07 AM Posted yesterday at 03:07 AM Genocide ? where does that comes from I thought we were friends. We were exchanging jokes about Trudeau just a moment ago. Now I am put on spot and required to take sides on this genocide discussion. good lord.
mcliu Posted yesterday at 04:40 AM Posted yesterday at 04:40 AM 1 hour ago, Xerxes said: Genocide ? where does that comes from I thought we were friends. We were exchanging jokes about Trudeau just a moment ago. Now I am put on spot and required to take sides on this genocide discussion. good lord. Sorry, it's more of a rhetorical question. Anyone with common sense knows what's happening in Gaza is a tragedy but not a genocide. The media is at fault for parroting Hamas figures without skepticism. Anyhow it's absurd that these Palestinian "anti-zionist" supporters are protesting in Jewish neighbourhoods in Canada as if they have any influence over Israeli policy. It sounds like Israel and Hamas are close to a ceasefire agreement. https://apnews.com/article/israel-hamas-gaza-war-ceasefire-egypt-qatar-264087c7a547031a9433ecbbdcd920d2
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