Question:
If our government just spent the taxes they brought in, things would
be great. There would be no debts, and they would have to restrain
their out of control inefficiency.
Obviously we have a massive debt. 40% of our taxes go to paying
interest. Our government is so eager to expand they are taking on
loans to cover their boondoggles and their inefficient socialist
programs. This ensures that if you have a kid, they are born with a
debt over their head.
Where do these loans come from? Well that's pretty easy - banks. Banks
love giving loans to governments. Banks don't like conservative
governments. They tend to want to be small and not spend much. Banks
love socialist governments. They waste a lot of money, and bankers
like that. I would bet bankers also help politicians with their
campaigns to make sure the "correct" people get into power.
Treaudeau is their hero. He raised our debt by 10x over his term with
stupid social programs, like forcing French on the rest of Canada. The
debt doubled under Brian Mulroney. They probably liked him too - but
not as much as old Pierre.
When the Reform party began gaining power, I bet they freaked out. The
Reform party wanted to reform the government, spend money responsibly,
and lower the debt. Is it any wonder they were vilified by the
socialist crown corporation known as the CBC?
The Bank of Canada is not a government institution. Neither is the
U.S. Federal Reserve, even though they have names that make us think
they might be. These institutions are not under the power of our
government. In fact, the opposite is likely true - governments are
under the power of these banks.
The government is beholden to the banks. They can stop giving loans at
any time. They can call in their loans and bankrupt the government.
The banks have major leverage over our government. We see banks
exerting control over social policies in third world countries who
they give loans to. Why do we think it would be any different here in
Canada?
This needs to change. Let's demand that our government can only spend
what they can raise in taxes. It will keep our government from doing
what it has already done - spend itself out of control.
Answer:
-Well they'll still spend, so you'd better get prepared for a 99% tax rate.
Or maybe more.
