Friday Thank you notes

[jazz]

When the country was a basket case in the early 90s from deficits in the 70s and 80s, the country pulled together weathered the storm and got back to fiscal sanity. Martin pulled a few shady strings like tapping EI reserves but it benefited Canada. We all were younger and less indebted now.

Fast forward 25 yrs and we are older, more broke, more divided even without Quebec in the mix. Canadians owe $2T in mortgages and consumers spending, another $300B in lines of credit. Farmers owe $200B. And who knows what student loans, car loans and credit cards are out there. Add in $1T of govt debt and our ageing society and we are royally ****ed. Anyone who cant see that has their head up there ass.

[fjlip]

Google Canadian Debt, EVERYTHING is better than 1960, what problem? What gloom and doom?


End of GDP in Billions $
Fiscal Year
Net Debt
( Adjusted for
inflation to 2017) % of GDP
1962 14.8 (121.4) 33.0% 44.9
1971 20.3 (126.1) 20.6% 98.4
1981 91.9 (240.2) 25.5% 360.5
1991 377.7 (592.0) 55.1% 685.4
1997 562.9 (811.1) 63.8% 882.7
2002 511.9 (664.2) 44.4% 1,152.9
2008 457.6 (515.3) 31.4% 1,453.6
2009 463.7 (495.1) 32.8% 1,413.3
2010 519.1 (579.5) 35.5% 1,458.8
2011 551.4 (599.19) 36.9% 1,495.7
2012 583.6 (626.4) 38.3% 1,576.8
2013 609.4 (645.5) 37.4% 1,608.5
2014 611.9 (634.78) 37.1% 1,649.2
2015 612.3 (627.21) 31.0% 1,975.2
2016 616.0 (623.17) 31.0% 1,987.1
2017 631.9 31.2% 2,025.3



Just will not save as I set up the chart sorry. 1960 Debt to GDP=33% , 2017 =31.2% no problems at all

[jazz]

[/QUOTE]Just will not save as I set up the chart sorry. 1960 Debt to GDP=33% , 2017 =31.2% no problems at all[/QUOTE]

You forgot to add in the provincial debt - another trillion there.

In 1960 people had no car loans and barely mortgages.

[SASKFARMER3]

A big thank you to both natural heat and heat powered fan. Chuck for you.

Solar powerd lights also.



Oh off the grid is powerful.

[fjlip]

Okay jazz, this counts it ALL...

https://www.nationaldebtclocks.org/debtclock/canada https://www.nationaldebtclocks.org/debtclock/canada

What facts should you know about Canada’s national debt?

You could wrap $1 bills around the Earth 3,546 times with the debt amount.

If you lay $1 bills on top of each other they would make a pile 99,472 km, or 61,809 miles high.

That's equivalent to 0.26 trips to the Moon.