"detano inipo",
I'll post them again and perhaps you'll answer them and stop the emotionalized rhetoric and personal attacks:
detano inipo wrote:Chumly, you have the right to feel great about the US financial situation.
You are confused here as did not say nor imply "I feel great about US financial situation".
detano inipo wrote:It is fascinating to see someone spin a disaster into a positive miracle.
What disaster I are you referring to, Katrina? I have no idea what you are referring to here.
detano inipo wrote:I read somewhere that Clinton left Bush a whopping surplus, which has been replaced by a huge deficit. Is that true?
It must be true if you "read" it "somewhere"
But seriously I do not know how the total debt considerations have changed relative to specific administrations. I will point out though that it is a mistake of the most grievous kind to associate a political party with economic wellbeing in the US or in Canada. Wall Street Week did a super long in-depth in review of the Republicans versus the Democrats using the stock market as a barometer and the market did fractionally better under the Democrats. A statistical insignificance.
It would be much more accurate to say that the popular media and the politicians themselves try very hard to align themselves as being in control of the economy when the actual facts dictate that such a view is nonsense. If you wish the rationale as to why the stock market is an apt barometer for a country's debt etc. just ask.
detano inipo wrote:We in Canada had scandals and problems, so we elected another party. The scandal-ridden Liberals left a whopping surplus and a smaller debt.
Again I will point out that it is a mistake of the most grievous kind to associate a political party and economic well being. Again it would be much more accurate to say that the popular media and the politicians themselves try very hard to align themselves as being in control of the economy when the actual facts dictate that such a view is nonsense.
detano inipo wrote:There is no comparison between our problems and yours.
What are you talking about I am CANADIAN, I was born in CANADA, my parents were born in CANADA!
detano inipo wrote:I admire your faith in an administration that stumbles from one mistake to the next.
What are you talking about here? I AM CANADIAN plus I have no idea where you got the notion I have "faith in an administration" You are confused, I did not say nor imply any "faith" in any "administration".
detano inipo wrote:Good luck to you and all the other spin meisters. You'll need it.
It is you who appear to have the belief in so-called "spin meisters". Why? Because so far all the references you have provided have not been of your own sourcing, and/or are based on the false presumption as amplified by the popular media that one political party will garner consequentially better economic progress and hence lesser debt than another.
That is not to say however, that politics does not play a part in Canada's economic health, but the political parties balance each other out in such a fashion, that for all intents and purposes it matters not which one is in power.
As to your other 'facts' again I see nothing of your own views in them but only regurgitated 'information'. Where are yours? And again I see your copy pasted 'facts' rife with short term assessments and so-called "predictions" which I have demolished in my major points and of which you do not respond. In fact the copy and pasted 'information' that you have provided support my claims that such short term improvements are mere volatility and that the so-called "predictions" have no reliability.
Is there some reason you cannot or will not converse with me directly and succinctly and on point and insist on copy pasting and relying on political rhetoric and claims about me on a personal level?
I should point that political rhetoric in general and claims about me on a personal level seriously diminish your arguments.
Again I see that you have completely ignored my questions and points, so I will for the sake of expediency put them to you in the hopes that you will respond in a like fashion from one CANADIAN to another CANADIAN eh!
detano inipo wrote:Surpluses both achieved and anticipated
Bogus political rhetoric by combining "achieved and anticipated", how very peculiar! Do you expect me to assess this as quantifiable and qualifyable, if so how? Further do you expect me to believe the Government (or anyone for that matter) can predict surpluses, if so how?
detano inipo wrote:As a result, the cost of paying interest on the debt has dropped from a high of 33 cents of every dollar of revenue collected by the federal government in 1995/96 to 19 cents in 2001/02.
Again entirely irrelative to the bigger picture, again look at the last 50 years. Again you are looking at short term volatility only.
detano inipo wrote:Though still high by historical and international standards, Canada's debt-to-GDP ratio had fallen from 69% in 1995/1996 to 46% in 2001/02.
My point "still high by historical and international standards", again look at the last 50 years, not the last few years, you will not see the debt decrease in terms of quantifiable and qualifyable real buying power decreases. Do you know what real buying power from a net position over time means?
I get the feeling you did not read my post very closely and/or have not done your own assessments vis-a-vis my suggestions. Am I correct on this that you are simply regurgitating pre-digested snippets as passed to you from sources you approve of?
You have in fact not responded directly to any of my assessments "on point" but instead have chosen a time span of little relevance to my assessments at hand, from a source not of your own confirmation. Please address my assessments in your own words and on point.
Since Burger copy & pasted an overly large piece of text I'll present them again here for your convenience.
Chumly wrote:detano inipo wrote:The fact is that an operation like that in the US would have cost me my condo instead of $15.
If so, that is certainly not all the so-called "facts" as you could have US health insurance, let alone the lower taxes, lower interest rates, higher US dollar, higher purchasing power, lower taxes, lower governmental debts, that you would benefit from.
detano inipo wrote:Chumly, you are painting a frightening picture of Canadian conditions based on opinions.
No I am assessing a given contrast.
detano inipo wrote:We are slowly paying down our debt.
Completely and entirely false. That is short term government supplied rhetoric. The truth is, from a long term perspective of the last 50 years, the amount of debt in absolute and relative terms in any quantifiable measure has massively increased and there is no indications from governments or otherwise that such increasing debts are reversing irrelative of any short term assessments or claims over some few years.
detano inipo wrote:We are enjoying a surplus for several years now.
A short term irrelevancy against a long term historical trending increase. Look at the long term big picture of 50 years. The short term variations you refer to have nothing whatsoever to do with the historical increases, what you refer to is called volatility and in no way expresses what has happened over the last 50 years.
detano inipo wrote:Our taxes are going down as well.
Are they really? By exactly how much in real buying power relative to 20 years ago? Please let me know!
-Ever heard of tax creep?
-Ever heard of the $100,000 life time capital gains exemption being revoked?
-Ever heard of the % capital gains rate going up?
-Ever heard of the massive tightening of business deductions?
-Ever heard of being forced to withdraw pension funds earlier?
-Ever heard of OAC claw-back?
-The list of tax increases has been huge over the last 20 years!
detano inipo wrote:We have more freedom than our neighbors.
Do we? How do you intend to show this vis-à-vis health care, given one cannot opt out of our socialized system?
detano inipo wrote:Our Canadian dollar is rising and predictions are that our dollar will supass the US dollar in 2010.
That is the most incorrect. It is correct to say that the Canadian dollar has *risen* not that it is so-called "rising", it's not like watching bread.
It is also much more correct to say our dollar has bounced back from extreme lows due to decreased fears of Quebec separation and increasing commodity prices of which our economy is very reliant on.
Further it is 100% speculation to predict what the exchange rates will be in 2010, no one can do such a thing! Just as no one can predict what inflation will be, nor what the stock market will do; specifically the stock market in the short to mid term i.e. less than 15 - 20 years.
detano inipo wrote:Your finances are in bad shape.
I do not know what you are referring to here but your comment appears out of context, please edify.
detano inipo wrote:Perhaps you should direct your criticism at your government
I do not know what you are referring to here but your comment appears out of context, please edify.
I am not suggesting with certainty that you "detano inipo" read the Globe & Mail newspaper and/or other popular Canadian media sources but those sources would tend to provide views parallel to yours. But that does not make them correct.
It is rather easy to exempt oneself from poplar political and media rhetoric and do your own research. I would suggest that if you have not done this you start with the Bank of Canada's web site and the US's Federal Reserve web site.
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