Kelly McParland: Canada Strong is still Canada deep in debt |
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Kelly McParland: Canada Strong is still Canada deep in debt
One of these days these, transformation-inducing brainstorms is going to have to produce an actual return
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I don’t know about you, but I’m in favour of Canada being strong.
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Canada weak is a bad idea. Canada wishy-washy lacks appeal. Canada strong has potential.
Kelly McParland: Canada Strong is still Canada deep in debt Back to video
The Canada Strong Fund announced Monday by Prime Minister Mark Carney would thus appear to have potential. It would have even more potential if we had any money for it. But we don’t: the spring economic update Tuesday revealed we’ll be $67 billion short of balance this year. So it appears we’ll be borrowing the money to become strong. That’s a problem right there folks.
As any bankrupt can tell you, spending more than you make, consistently, for years on end, usually comes to a bad ending. Imagine a homeowner announcing a personal Mortgage Strong Fund, involving a housing loan that never gets paid, grows larger with each passing year, is dependent on whatever interest rates lenders choose to charge, which declares itself open to “investors” willing to kick in money to help meet the next payment, the return being that the guy owning the house doesn’t go broke.
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