Chuck is part of the destruction, just not very successful!
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American politics is corrupt and run by big money.
Trump is far worse than the Democrats when it comes to catering to the billionaires!
He appointed them to many positions in his government.
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Originally posted by chuckChuck View Post"Destroy the normal working people" Are you prone to exaggeration there Tsipper?
You not doing very well Tsipper?
But you support Trump and the Billionaires?
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Originally posted by chuckChuck View Post"Destroy the normal working people" Are you prone to exaggeration there Tsipper?
We were better off with the guy that thought the economy balanced itself?
I thought elbows up meant we were going to buy everything from ourselves?
Last edited by shtferbrains; Aug 29, 2025, 20:40.
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Originally posted by shtferbrains View Post
Won't be just working people if we keep going this direction.
We were better off with the guy that thought the economy balanced itself?
I thought elbows up meant we were going to buy everything from ourselves?
Agenda 2030 kicking into gear and 1/2 Canadians voted for this , never forget
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The US in 2022 had a far higher debt to GDP ratio at 112% compared to Canada's 86%. It's gotten worse in the US since then!
Higher taxes and inflation are coming. This is how investors should prepare for it
George Athanassakos ([url]https://www.theglobeandmail.com/authors/george-athanassakos/[/url])
"Some figures from Canadian and U.S. government sources help put this into perspective. In 2000, Canada’s public debt was US$426-billion, public debt per person was US$13,948 and public debt-to-GDP was 59 per cent. The corresponding figures for the United States were US$5.7-trillion, US$20,836 and 31.2 per cent, respectively.
Fast forward to 2022. Canada’s public debt had risen to US$1.67-trillion, public debt per person had more than doubled to US$41,794, and public debt-to-GDP stood at 86 per cent. The picture in the U.S. was staggering, with public debt at US$30.27-trillion, US$93,518 in public debt per person and public debt-to-GDP at 112 per cent. And public debt outstanding has risen further since then in the U.S., while it has improved somewhat in Canada, but still remains at historically high levels.
No matter how you look at it, public debt and public debt per person have skyrocketed around the globe, particularly in advanced economies – this does not include private debt, which has also exploded. And all this is happening while luxury home and luxury car sales are booming, according to recent reports by The Agency and Scotiabank, respectively. Result: wealthy citizens, but not-so-wealthy countries.
Economies and countries around the world have now reached a wall. Public debt cannot continue to climb in this fashion – especially in times of economic prosperity. Governments know this. But does it matter that governments have too much debt on their balance sheets? Yes, it does. Higher debt levels increase the risk of fiscal crises (what if there is a recession?) and hurt economic growth. Public debt must be paid down."
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