Quebec among most highly indebted in the world

NAB
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Quebec among most highly indebted in the world

Post by NAB »

I thought this was an interesting revelation. The question is, how and why? And is it good or bad in your opinion (for Quebec, or for the rest of Canada)?

Nab

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""Quebec among most highly indebted industrial economies in the world

An analysis by the Quebec Ministry of Finance suggests the province has one of the most heavily indebted economies in the industrialized world.

The 44-page document calculates the province's total debt as 94 per cent of GDP, employing methods used by the Organization of Economic Co-operation and Development.

The government report, available on the ministry's website, compares the total provincial public debt to that of other Canadian provinces and to major industrialized nations.

Quebec ranks only below Japan, Italy, Greece and Iceland in terms of public debt as a percentage of GDP.

The report calculates public debt across Canada as 69.7 per cent of the country's GDP.

The report puts Quebec's total public debt at $285.6-billion.""
From: http://www.theglobeandmail.com/news/nat ... le1484107/
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Urbane
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Re: Quebec among most highly indebted in the world

Post by Urbane »

Public spending beyond one's means is a disease and Quebec has a bad case of it. It permeates all political parties in North America. South of the border it's interesting to note that Republican administrations have racked up more debt over the years than have Democratic administrations. And here in Canada the Conservatives, after being pushed by the "coalition," haven't been all that conservative with their spending either. And on it goes with the provinces but it would seem that Quebec takes the prize for the most irresponsible spending.
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westsidebud
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Re: Quebec among most highly indebted in the world

Post by westsidebud »

lol i dont even know where to begin with quebec.all i will say is, it would be nice if our federal gov no matter what party, stopped bending over backwards for them.
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NAB
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Re: Quebec among most highly indebted in the world

Post by NAB »

Interestingly, Quebec's Premier Charest (a lawyer by profession) is former leader of the Federal Progressive Conservative Party, and now leader of the Quebec Liberal Party. Considering the situation here in BC with Gordon Campbell and his background, it really do make ya wonder if ANY political party, federal or provincial, can be counted on to truly be fiscally "Conservative" any more :-(

I do tend to agree with westsidebud however when I think of all the financial and political perks that flow in Quebec's direction, paid for by the rest of Canadians, particularly from here in the western provinces on a per capita basis. And seemingly even with all that Quebec still cannot seem to keep its head above water. Socialism at work? ;-)

Nab
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steven lloyd
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Re: Quebec among most highly indebted in the world

Post by steven lloyd »

NAB wrote:I do tend to agree with westsidebud however ...

:137: You mean you can understand what he types ???

Do you have some kind of decoder ring the rest of us can borrow ?
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KtownCouple
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Re: Quebec among most highly indebted in the world

Post by KtownCouple »

We should round up all the Quebecois and ship them to Australia.
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NAB
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Re: Quebec among most highly indebted in the world

Post by NAB »

steven lloyd wrote:
NAB wrote:I do tend to agree with westsidebud however ...

:137: You mean you can understand what he types ???


Yup, but you have to be prepared to make the effort. I don't tend to get too hungup on the words, spelling, grammar, etc, and instead focus on looking for the message (usually spread over a number of posts rather than any particular one).

....It seems to depend on what time it is too :-)

Nab
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Re: Quebec among most highly indebted in the world

Post by GordonH »

It's interesting that is the case since Quebec and Quebue City, has placed a bid for the 2022 winter games. True they will not know until sometime near 2014, if they won or not.
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Glacier
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Re: Quebec among most highly indebted in the world

Post by Glacier »

steven lloyd wrote:
NAB wrote:I do tend to agree with westsidebud however ...

:137: You mean you can understand what he types ???

Do you have some kind of decoder ring the rest of us can borrow ?

Ya, it is called drink 14 beer, smoke 4 joints, slam your head in car door 8 times, and close your left eye really tight. His posts become quite clear after that. It is probably better to not gain such understanding.
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Re: Quebec among most highly indebted in the world

Post by RJ2 »

Newfoundland deal of all deals 60 years of power generation for 10 million$ a year brokered by Rothchilds decades ago and Quebec recieves 1 billion$ from N.E. United States every year is Canada going the way of the doe doe bird when this unwinds???
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Re: Quebec among most highly indebted in the world

Post by Liberty and Truth »

KtownCouple wrote:We should round up all the Quebecois and ship them to Australia.


so much for getting any medals in 2014 then... :dyinglaughing:
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westsidebud
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Re: Quebec among most highly indebted in the world

Post by westsidebud »

well it pisses my off to no end when , for all these years tax money went into making all of canada bi-lingual and quebec responds by saying english signs are illeagal in quebec. or cretien and his bribing quebec in his lil sponsership scam thing.


i wanted quebec to seperate, gdbye good riddence, see yea later .

or flat out tell them, you want anymore money, then end this bs now.


i say we all get jackhammers and line the border with quebec and mike holmes it away :coffeecanuck:
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