mcliu Posted December 13 Posted December 13 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 December 13 Posted December 13 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 December 13 Posted December 13 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 December 14 Posted December 14 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 December 14 Posted December 14 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 December 15 Posted December 15 https://nationalpost.com/news/hamas-vastly-inflated-gaza-death-statistics-study-shows
Spekulatius Posted December 15 Posted December 15 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 December 15 Posted December 15 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 December 15 Posted December 15 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 December 16 Posted December 16 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 December 16 Posted December 16 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 December 17 Posted December 17 (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 December 17 by mcliu
Xerxes Posted December 17 Posted December 17 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 December 17 Posted December 17 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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