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MB Premier Response to Skippys Idiocy
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Originally posted by jazz View Post
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Come on you guys, a complete over reaction as usual. The Prime Moron, Trudope, tells us the budget will balance itself....oh ye of little faith...
Back to reality, our clueless leader is a bilingual trust fund brat that doesn't understand or speak a word of the finance language.
"Retard", lol.
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Originally posted by jazz View Post
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Originally posted by Oliver88 View PostHe basically says the throne speech was written with crayons. Good to see a premier remind Skippy that debt actually has to be repaid and that interest rates can actually raise.
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Originally posted by wmoebis View PostYes and I hope everyone that ran to grab those CERB payments realize that too! Watch the whining then it has already started.
Actually its ingenious when you think about. He just roped millions of people into a second mortgage.
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Originally posted by jazz View PostI imagine anyone who took these payments that need to be repaid will have to term it out somewhere so basically it will become a 25 yr payment back to the govt with interest rates from your bank. I dont think the average joe can borrow for what the govt can. So Justin lends out a 0.5% and we payback at 3% or higher.
Actually its ingenious when you think about. He just roped millions of people into a second mortgage.
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Originally posted by jazz View PostI imagine anyone who took these payments that need to be repaid will have to term it out somewhere so basically it will become a 25 yr payment back to the govt with interest rates from your bank. I dont think the average joe can borrow for what the govt can. So Justin lends out a 0.5% and we payback at 3% or higher.
Actually its ingenious when you think about. He just roped millions of people into a second mortgage.
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Originally posted by wmoebis View PostYou are right but what I find ironic is that absolutely nobody offered another option on what could have been done. Even hind sight hasn't come up with anything better, that I've heard. I have no idea if it was done right or not but it is what it is because there was no options on the table.
All of this is going to pay the country back in 25 yrs and when interest rates are 5% again.
I gotta hand it to Justin, he just slipped a hidden tax on millions of people without them even knowing it.
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