Reddit post - Dispelling myths about debt in Canada
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Hi, the reason i'm posting this is because I posted this in this /r/canada subreddit before that I wanted someone to find me a post from the 70's or 80's or 90's or even early 00's highlighting how GDP-to-debt was a metric in economics
NOONE provided a paper - i'm wondering if someone on this website can find it
I purported that this was stat made up during the Greek crisis because it showed how an economy can tip past a certain point - however this was AFTER the greek crisis NOT before it
Since that time period, Liberal, left wing governments have used this statistic to push inefficient spending down our throats - this was bill mourneaus signature claim that GDP-to-debt was going down but it's a piece of propaganda that has been recently CREATED
with covid 'raging' everyone is forgetting what a deficit means but my point still stands that in the past, PRE-GREECE, noone used this metric
Dude how are you gonna make these ridiculous "everything is fine" when the minister of finances doesnt even know how much money is being thrown out the window.
Sorry that I couldnt give you a "serious" answer but it is what it is.
Smells like COPE to me, thats all.
When did I say everything would be fine? I posted in that thread that the premise of the post was bullshit because debt to gdp was a bullshit metric made up by left wing governments.
I agree Canada is in a tough position, one that only a Trump led government can save NA from.