How do we solve this?

Why is Ontario such a fucking shithole?

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Progressives don't know how to manage money

fpbp

Isn't Quebec supposed to have more dept than Ontario?

Yea it does. 280 billions with only 8.5 million pop. 69.5K per capita.

10 billion a year spent on interest.

In LA County 20% of the budget (and rising each year) goes to pensions

"Free" health care
Leafs actually think that shit is free

Is there a debt map for whole usa?

>Leafs actually think that shit is free

No they don't. Everyone knows about half of what you pay in taxes here goes to healthcare.

That's not really the issue itself. The issue is how wasteful and corrupt the government is. It chronically over spends on everything, and even in time of major deficit still wants to spend a few more billion on dem poor refooges instead trying to get its finances in order.

we voted for FUCKING trudeau, we deserve everything we get

luckily even my libtard friends are turning on him fast

>The issue is how wasteful and corrupt the government is. It chronically over spends on everything, and even in time of major deficit still wants to spend a few more billion on dem poor refooges

Torontonian here, we deserve this.

Cali is like 300-400 billion dollars in debt last i saw.

More green energy goyim.

Attention newfag: money isn't real. We give the government the power to print money. How can you run out of something that only you have the power to make? It's impossible. Read a fucking book.

Just keep write about usury though.

How is Canada still functioning?

God I fucking hate her

Thas nothing.

Canadian debt is 75% owned by Canadian interests.

Provincial debt even more so. I see some estimates that Quebec's debt is 98% owned by Quebec interests.

A lot of the debt is also based on future program payouts that could be modified. I mean why would people expect to still get golden pensions worth ten times their pay-in when the gubmint is broke?

Every useless chug, nigger, spic and other undesirable flocks to Ontario for gibs and the diverse homosexual lifestyle of Toronto.

Obviously these piles of AIDS-infested human refuse produce nothing of value while suckling at the teat of civilization, so the state goes into massive debt in an attempt to support their precious STD-factory.

Quebec's current premier, Couillard, is actually steering the ship in the right direction

I mean yeah, that heap of debt they've piled on for decades isn't going anywhere but at least they have a somewhat more competent government as far as Quebec goes

My mother recently broke her ankle so ive been able to observe our health'care' and its fucking horrid. If you see a leaf defending healthcare the are likely welfare babies or fucking stupid.

We really should find another word for it, because it is neither health nor care.

It's almost as if the socialist's "muh free stuff" isn't actually free. Really makes you think.

ONLY MIKE HARRIS CAN SAVE YOU

ONLY MIKE HARRIS CAN SAVE YOU

ONLY MIKE HARRIS CAN SAVE YOU

ONLY MIKE HARRIS CAN SAVE YOU

convince him to run again, PLEASE!

ontariowaittimes.com/Surgerydi/en/Data.aspx?view=0&Type=0&Modality=3&ModalityType=4&city=toronto&pc=&dist=0&hosptID=0&str=&period=0&expand=0

they're projected to surpass Quebec soon

>Why is Ontario such a fucking shithole

Liberals, Wynn, all the shitskins, proximity to Quebec, being the political capital of the country.

Fuck Ontario.

>Couillard
Haven't kek'd from french in a while.

Yeah when they handled my ma they put her in a paper machea cast for a three point fracture and when it broke in 2 days they wanted me to pay $115 for one of those inflatable boot casts

>Progressives don't know how to manage money

And republipoors don't know how to make money.

How much you are in debt is irrelevant if you do not show income.

We don't just keep going into debt and have lots and lots of children.

>How much you are in debt is irrelevant if you do not show income.

State gdp is 2.5 trillion.

If farmers just decided to up the cost of their produce by 5x, there wouldn't be shit you could do about it. You can't just choose not to buy food.

Instead of concentrating themselves in hubs surrounding industry, farmers toil away to make a modest living because it's typically all they need. The government subsidizes them to keep food costs low. If they decided that they should be paid like doctors, dentists, lawyers, etc, they could very easily make that choice together and extort many billions more from the blue population centers.

They don't though. The middle of America is quite literally the heart of the country, pumping resources out to the high-density organs of the country. Many of those high-density areas only exist because they have ports where shipping and receiving took place 100 yrs ago. Since then, they've become economic hubs of international business.

The people who live in big cities tend to associate themselves with the luxury and marvels they're surrounded by, despite being nothing more than a cog in the machine. New Yorkers take pride in their tall buildings and extreme garishness while living in 12x16 boxes with a hot plate for a stove and a bunk bed to make room for their computer desk.

City folk feel all high and mighty because of their proximity to billions of dollars that they can't touch. They scrape off a modest living in high-tech offices and pretend they're captains of industry because they have a cool space to work in. I'd rather have land and freedom.

im on ODSP and work under the table 25$hr

...

>$115 CAD
Poorfag detected.

Government isn't business. As long as the state isn't in perpetual, and the people are happy, who gives a shit what the excess is?

In the US that shit would've cost at least $10k.

Too much one party liberal tories who deregulated and sold hydro and infrastructure and began merged in 1867

Our NDP party has balanced the most budgets. Your democrats make a good economy. Righties make TARP programs and bleed jobs

This

Ontario is by far the greatest province in the Country. It was and still is the best place in Canada to earn real money.

Ontario is/was the heart of manufacturing and industry and agriculture in Canada. NAFTA was a huge blow to Ontario. The bigger problem is that we've carried the entire country on our back for years, while the federal government has crippled out ability to produce again and again. High taxes, unions, green energy, etc. We've been chronically over governed, and have fallen hopelessly into debt.

People like Trudeau (Pierre, and Justin), Wynne, Bob Rae, Brian Mulroney, all deserve(d) to be sent to the gallows for a public execution for running this country into the ground.

The deeper problem is that Canadians have traded liberty for statism -- security for freedom. I hate the term sheep, but it describes no one better than Canadians.

>our NDP party has balaned the most budgets
what you mean like in Alberta?

Leave my country, you commie freeloader.

>It was and still is the best place in Canada to earn real money.
mfw

She will be gone soon.

But Patrick Brown seems like a poor replacement... Se we'll likely see NDP in power

>imaginary debt
Who cares?
Want no debt? Just leave.

mooching off Alberta

After 70 years of fascism you blew it all on dutch disease. When they were in Sask they balanced 17 in a row
Thank you Jesus

>How do we solve this?

Holy fucking fail Batman.

>Q-Quebec is b-based!!!

...

ye face when Alberta/Saskatchewan(Bc and Manitoba would probably try and jump ship after them) seperate and join the Union under trump.

No, no... dig UP, stupid.

import more niggers at taxpayers expense using money printed by mr. goldteinblatt, of course

>money isn't real
It's a medium of exchange you fucktard, we've been using them long before governments began issuing fiat currencies.

>We give the government the power to print money.
The central bank has the exclusive right to print money, the government doesn't just print money as it needs, that would cause hyperinflation.

>How can you run out of something that only you have the power to make?
Again, the government doesn't have the right to print money, they generate revenues via taxes and borrowing. There are limits to how much creditors are willing to lend to a government, and it isn't pretty when that limit is breached.

...

...

There's an Ontario in California. It's much nicer than the one in Leafland too.

fuck ontario

western separation when?

it's almost like money isn't real and defaulting doesn't have harsh circumstances because if it did people would riot and stop using money
wow crazy

fucking retard bob rae almost bankrupted ontario, mike harris had to go in and slash spending everywhere to stop us going into default. ON Libs been in power what a dozen years now? deficeit has what tripled in that time? you dont know fucking shit highschooler

Excuse me i meant 115+tax
If you know what i mean

>mfw Toronto mayor just proposed toll on the two major highways leading in and out of the city, even though we pay like 3 layers of taxes for the fucking infrastructure
we are truly the cuckoldest of cucks

.....yeah
We would probably be better of if we quit our jobs paint ourselves brown and praise allah. We would be well looked after then

The Bank of Canada, owned by the people has the right to print and mint money. It only prints and mints about 3% of all money though. It gives license to private banks to make money (literally computer entries) who make the rest of it.

Banks create money based on their capital. Thing is they can effectively lend out their capital 20+ times over and collect interest on it all. This is called leverage. So that $25,000 student loan you got was made out of thin air from $1250 of the banks capital. They risk $1250 but get to collect interest on $25,000 that they made out of thin air.

Quite the (((system))).

Yup if they didn't privatise hydro we wouldn't be paying as much and would be able to sell the hydro to the states instead of giving it for free

>Living in Toronto
The only good thing you faggots had was Rob Ford and he's fucking gone

Holy fuck I had no idea Canada was so fucked financially.

> It gives license to private banks to make money (literally computer entries) who make the rest of it.
citation needed

And a fractional reserve system isn't anything new or fraudulent, its called efficient capital allocation. Banks lend out most of their reserves to make use of unused capital, an economy without the ability to borrow capital would be incapable of growing.

And no shit they lend it at interest, they need to compensate for inflation and default risk, without interest they would lose their reserves and their clients wouldn't get their money back.

>hurr durr I don't like banks
Then don't use them.

And they haven't even implemented the carbon tax yet, once that happens it will drive business to the states and burden everyone else with more taxes, even though we have a smaller environmental footprint than pretty much all developed countries...

Wait what's happening in Japan

>citation needed
>too lazy and afraid to confirm it myself

I'm not against interest or borrowing, but over leveraged capital is a huge reason why we are in this mess. They don't just lend their capital, then lend over 20 TIMES the amount of their capital. If you borrowed 20 dollars from the bank and refused to pay, they would only lose $1 of their own money. And they have ways of leveraging things even further.

Think of it this way: It takes one person to upload a DVD for 1000s to torrent it. This is considered illegal and immoral and governments and private corporations have done everything they can to limit filesharing. It's called piracy, but when a bank does the same thing it's called leverage.

>haha the accident of my birth put me in a better spot within the country than you
ok there, friendo

Lol get the fuck out of there leaf.

Love this man.

They have been on the verge of economic turmoil for years now user. What people are really interested in now is how fast Japan's dept will grow.
There's no singular cause. Some you might be able to guess.

The record is the record. There were filmon fridays in MB. You fell for the free trade memes and for Conrad Criminal Black. How much did Harris increase the debt by? 45 billion?

Resource economy in the good provinces keeps the shitty socialist provinces afloat

The "good" provinces recently died because of global market changes and neoconservatism and so all we have left are debt black holes and markets that have been absolutely raped by Chinese investment and are in huge bubbles

Basically we are running on borrowed time and importing a bajillion Pakis per year to keep the pyramid scheme running. lel

Yfw the chinks inherit the debt while white canadians move to the the comfy provinces

I get your point, and excuse my rant as I thought I was dealing with an ignorant commie.

On your second point, I think your DVD analogy has a flaw: Banks lend around 15-20 times what they put up in capital, however they didn't necessarily create the extra capital, it was just drawn from their reserves of deposits. They have 'created' the funds in someone else's bank account, but the actual number of dollars hasn't changed because the credit is balanced by a debit.

When a pirate distributes a movie, he is just multiplying the movie and thus actually changing the number of movies in circulation. There is no debit to offset the credit.

Would your argument be any different if the reserve ratio was 50% instead of 8%?

Things will change eventually. There are people who will get tired of the shit our PM does and eventually we will have a Trump situation like you. I love my country but hate our liberal cuck of a government, we will change it and make Canada great again.

>implying

>4 cents/Kwh for 90 years
>privatisation for Saudis
>At least 18.5 cents
We sold 51%. Even NDP couldn't do much about this now. They'd have to buy it all back for a penalty or profit move against what we just sold. Also. In Alberta Notley just put a four year cap on their rates at 8 cents. Fuck me

Of course it has, that's why NDP has never been elected a second time in Ontario because of the beautiful job they did
Look at how they are cleaning up Alberta, one job at a time

At some point the leverage becomes more unwieldy for those who hold it than for those who are supposed to be leveraged. What to the debt-owners do when we see widespread debtor-creditor standoffs and cascading defaults?

The question will to turn from "how are we gonna pay this off?" to "how are they going to collect it?"

It's like how we do with pensions and infrastructure and gasoline refinement and the disability of Bank of Canada to use interest free money. Our healthcare is also under attack over shit like this and the federal liberals are shit. Harper wanted a cap and trade. Trudeau forced a carbon tax. NDP said that was too regressive. When I say NDP I also mean that they are the only ones who merged their federal and provincial parties. They are all the same. Liberals Greens and the Bandits. And everybody else. Do not. Even though the red commies promised open nominations and the Bandits to merge. None of those happened. Now Kenney is destroying AB right wing that was going to be merged provincially. Love if

Reminder that Harper was a zionist shill who increased raw immigration every single year he was in office, except for one year, and on top of that also increased Temporary Foreign Worker placements every single year he was in office.

Reminder that Harper is largely responsible for the surveillance state that Trudeau now has access to so he can v& us all for hate speech because we shitposted.

That's not how I remember it. Sask NDP are absolute shit.

>MUH POTATOES (nobody remembers this so tl;dr created a crown company and it defaulted because it was fucking retarded)
>took over a bunch of private companies and then BTFO themselves
>Sask Party elected ever since because NDP had done such a shit job

NDP are fucking faggots, and Brad Wall is pretty based for a neocohen.

google.ca/amp/calgaryherald.com/news/politics/braid-how-the-ndp-thinks-about-everything
Nigger do you even play economic political simulator games? Maybe read a history book?

You guys pay diddly dick FUCK ALL for everything. Insurance. Internet. Cell phone. Fuck. Our hospital beds? That man was a genius and was voted the greatest Canadian. 17 balanced in a row. SEVENTEEN! Potash was killing it! Now it's a piece of garbage. I heard he made a shoe factory too. He made a lot of Crown corps. Why the fuck not? You were awash in cash. Devine was a moron. Wall is in an amish mafia

Wynne won't put a cap on anything, she can't do anything good period.

I wish we could do some kind of hostile take over and put it back in the public hands.

I don't live in SK anymore, I live in AB. But SK pays less now for stuff than they did under the NDP. NDP ruined the provincial healthcare system, Sask Party cut it back a bit but at least it mostly functions now. It's not really their fault doctors won't work in rural areas; I know from experience that even doctors from shithole nigger countries in the middle of fucking nowhere will move away ASAP about 30 seconds after their contracts run out.

Tommy the Commie is a retarded piece of shit when compared to Based Diefenbaker, who is in fact the best Saskatchewanian by far.

Potash died for other reasons, don't be a retard. The Crown Corps were all bloated and inefficient pieces of shit and all died, fucking the economy up.

tl;dr NO
Devine was kind of dumb though that is correct

Oops this is common law not civil law. Gotta shit on everything. Thanks, appointed roundtable of magicians

>Our NDP party has balanced the most budgets.

Probably because those orange cucks have only ever had like two or three administrations.

The last thing Canada needs is more NDP trash stinking up the country.

Wynne/McGuinty/Butts to name a few

That'll be $1200 for one CT please so uncle carnegie can get his hangnail done before your myocardial infarction. Also the link i posted i edited it wrong. Google it if you want. You are a zionist aren't you. Nice trump rothschild cabinet eh

not enough mexicans

You don't know maths. I haven't said 17 in here? Yukon. BC. NS being number one for DFI. Their entire records. PC. Lib. Those two were merged with John A. And NDP. We kick the shit outta you. Adjusted for "numbers of plays at the masonic lodge"

>You are a zionist aren't you

Read my post above you fucking illiterate foreigner, I specifically called Harper a faggot for being a zionist. Learn to speak English or go back to whatever fucking country you came from.

Also it's your own fault if you're poor, goddamn plebs