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Cornuck wrote: ↑Wed Feb 19, 2025 9:14 pm You missing the memes thread, Megs?

And what happened to Frank??

Megaterio Llamas wrote: ↑Wed Feb 19, 2025 8:37 pm

Topper wrote: ↑Thu Feb 20, 2025 8:17 am Carney when asked how he can claim to be an outsider when he was financial advisor to the Trudeau government. - "I was involved with 20 other businesses so how much time could I have spent advising the government."

Carney explaining how he'll craft his budgets if elected - "I've been involved in crafting seven government budgets so I have the experience."

Weasel

Topper wrote: ↑Wed Feb 19, 2025 8:12 pm The more I read about the high speed train the more laughable a fiasco, typical Trudeau, announcement it is.

What was announced is a 5 year study, any construction won't begin for at least 5 to 10 years and it will take decades to complete.

Tciso wrote: ↑Thu Feb 20, 2025 8:52 am

Topper wrote: ↑Thu Feb 20, 2025 8:17 am Carney when asked how he can claim to be an outsider when he was financial advisor to the Trudeau government. - "I was involved with 20 other businesses so how much time could I have spent advising the government."

Carney explaining how he'll craft his budgets if elected - "I've been involved in crafting seven government budgets so I have the experience."

Weasel

The Weasel wants to cook the books too. He stated he would split the budget into 2 parts. Operating and Capital Investments. Then hide the real debts in the Capital budget where everything is mortgaged over 50 years and still claim a balanced budget. Weasel words.

rikster wrote: ↑Thu Feb 20, 2025 6:30 pm

Tciso wrote: ↑Thu Feb 20, 2025 8:52 am

Topper wrote: ↑Thu Feb 20, 2025 8:17 am Carney when asked how he can claim to be an outsider when he was financial advisor to the Trudeau government. - "I was involved with 20 other businesses so how much time could I have spent advising the government."

Carney explaining how he'll craft his budgets if elected - "I've been involved in crafting seven government budgets so I have the experience."

Weasel

The Weasel wants to cook the books too. He stated he would split the budget into 2 parts. Operating and Capital Investments. Then hide the real debts in the Capital budget where everything is mortgaged over 50 years and still claim a balanced budget. Weasel words.

Why wouldn't you seperate long term debt from current liabilities?


Because it's all debt, and once it is in place, they quit paying on the capital debt. It is smoke and mirrors, as it all comes from the same credit card

Makes sense to me, and I would think anyone who understands a financial statement...

And, no it doesn't make sense. Go apply for a loan. They look at total debt moreso than type of debt. Plus, the government debt is all funded the same way(bonds or inflation causing money printing), as compared to mortgages, loans, credit cards or payday loans

As far as your comment about a 50 year mortgage, how can you comment good or bad until you understand what the asset is and what its value is?

The debt really doesn't care if you build a bridge, or buy a million cheeseburgers. If the asset makes sense to build, build it. Just don't try to hide the cost, or the total deficit the government is running.

Tciso wrote: ↑Thu Feb 20, 2025 7:12 pm

rikster wrote: ↑Thu Feb 20, 2025 6:30 pm

Tciso wrote: ↑Thu Feb 20, 2025 8:52 am

Topper wrote: ↑Thu Feb 20, 2025 8:17 am Carney when asked how he can claim to be an outsider when he was financial advisor to the Trudeau government. - "I was involved with 20 other businesses so how much time could I have spent advising the government."

Carney explaining how he'll craft his budgets if elected - "I've been involved in crafting seven government budgets so I have the experience."

Weasel

The Weasel wants to cook the books too. He stated he would split the budget into 2 parts. Operating and Capital Investments. Then hide the real debts in the Capital budget where everything is mortgaged over 50 years and still claim a balanced budget. Weasel words.

Why wouldn't you seperate long term debt from current liabilities?


Because it's all debt, and once it is in place, they quit paying on the capital debt. It is smoke and mirrors, as it all comes from the same credit card

Makes sense to me, and I would think anyone who understands a financial statement...

And, no it doesn't make sense. Go apply for a loan. They look at total debt moreso than type of debt. Plus, the government debt is all funded the same way(bonds or inflation causing money printing), as compared to mortgages, loans, credit cards or payday loans

As far as your comment about a 50 year mortgage, how can you comment good or bad until you understand what the asset is and what its value is?

The debt really doesn't care if you build a bridge, or buy a million cheeseburgers. If the asset makes sense to build, build it. Just don't try to hide the cost, or the total deficit the government is running.

rikster wrote: ↑Thu Feb 20, 2025 7:30 pm In other words you're just talking out of your rear end which is fine, but when you start accusing someone of being a weasel because you lack the ability to understand financial concepts then maybe you should listen more and talk less...