How to dump billions $$$.

[The Green Barbarian]

I'm not worried at all.

this is a terribly naive way to think. Debt is bad. Very bad.

[nucksRnum1]

this is a terribly naive way to think. Debt is bad. Very bad.

Really? Hmmmm. I guess Target shouldn't have walked away from their debt here in Canada. Or many businesses who have recently declared bankruptcy. Or individuals. Which illustrates how imaginary debt is. And how benign debt is.

[The Green Barbarian]

Really?

Yes. Really.

[crookedmember]

Really? Hmmmm. I guess Target shouldn't have walked away from their debt here in Canada. Or many businesses who have recently declared bankruptcy. Or individuals. Which illustrates how imaginary debt is. And how benign debt is.

Oh heck, don't forget Mr. Wonderful Kevin O'Leary (the drunk boater) ran away from his leadership campaign debt and he seems to be doing OK.

Let's not start taking financial advice from posters whose entire economics education stems from watching Pierre Poilievre's unhinged and unknowing rants on Facebook.

Successful people, corporations and nations have been using debt with stellar results for a lot longer than Pierre has been an "expert." Just because conservatives only use debt to give the wealthy tax cuts doesn't mean debt should never be used.

The Liberal's use of debt to support Canadians is the reason people didn't starve and lose their homes. It's the reason jobs and the economy bounced back, while the Americans are going to have to borrow a couple trillion to jumpstart their economy.

[Pappywinkle]

Conservatives will throw a tantrum demanding an audit, and then when the audit comes out throw another tantrum about ‘dumping’ money on an audit.

[Catsumi]

Again, drifting to Off Topic territory

The link in my original post did not condemn taking on debt in times of emergency. Nor is this a Left/Right issue. This has absolutely NOTHING to do with OAS and CPP and GIS.

For those that actually took the time to read the linked material, it is obviously about government rushing to toss money out into the landscape, willy nilly, and then afterwards coming to the late realization that had they thought it out beforehand, they could have saved the taxpayer plenty of unnecessary debt.

It would be awesome if You actually read the linked article before replying, just once.

As for an audit, that is the one area the federal government cut back on to the point that Auditor General is wringing hands waiting for funding that never comes nowadays.

How bloody convenient.

[crookedmember]

The real story is how did a government run such a large pandemic program that saved so many lives and livlihoods, with so little fraud?

It was literally 99% successful.

[PoplarSoul]

The link in my original post did not condemn taking on debt in times of emergency.

But you also wrote this below.
It's a bit confusing.
Just saying.

Would those funds have been better spent elsewhere that would have achieved some good for all?

74 BILLION…good gawd almighty! That is boxcars full of money whizzing by.

[Catsumi]

And, just like magic, the 40 mule team shows up…although a couple of donkeys are MIA.


Bray away…who cares.?

[The Green Barbarian]

And, just like magic, the 40 mule team shows up…although a couple of donkeys are MIA.


Bray away…who cares.?

Well said.

[crookedmember]

CERB was a great success. He Who Shall Not Be Named couldn't even build gazebos without crooks taking most of it.

[The Green Barbarian]

CERB was a great success. He Who Shall Not Be Named couldn't even build gazebos without crooks taking most of it.

Justin Trudeau?

[nucksRnum1]

*removed*

[fluffy]

For those that actually took the time to read the linked material, it is obviously about government rushing to toss money out into the landscape, willy nilly, and then afterwards coming to the late realization that had they thought it out beforehand, they could have saved the taxpayer plenty of unnecessary debt.

The need was immediate.

"By April 2020, 5.5 million workers had been directly affected by the initial widespread COVID-19 economic shutdown, which resulted in a drop in employment of 3.0 million and an increase in COVID-related absences from work of 2.5 million."

https://www150.statcan.gc.ca/n1/daily-q ... 5a-eng.htm

From a Toronto Star article in April of last year:

"Of the 3.4 million Canadian households who rent and whose primary source of income is wages, salaries or self-employed income, 46 per cent have less than a month’s worth of savings, according to research by the Canadian Centre for Policy Alternatives."

https://www.thestar.com/business/2020/0 ... id-19.html

There was simply no time for the inevitable "delay and obstruct" tactics of extended political debate.

Of course there would be people intent on defrauding the system, there always is. But should essential aid be withheld from those in legitimate and immediate need because there are a few bad apples around ?

What is essential to this discussion, but conspicuously absent, is just how much of a problem the fraud amounted to.