It’s Probably Nothing

13 Replies to “It’s Probably Nothing”

1. You don’t want to see the same analysis for Canada. Nullum gratuitum prandium.

   1. Apparently the only cure for this type of incompetence is to let inflation run up to 20% and save EVERYBODY with a GREAT RESET.

2. Entitled boomers — like me — evidently don’t care. (Why else would we continually elect ridiculous figures like Socks Boy and his NDP sidekick?) And the younger generations don’t understand that you have to pay back what you owe. Or think, as we do, that it can all be pushed off to someone else.

3. A lot of the unfunded liabilities are pension/health care related. The liabilities might be a tad overstated depending on the discount rate applied (though I know that current interest rates are low). Getting back to a more normal interest rate environment would dramatically reduce the unfunded numbers (though nowhere near enough to get ‘solvent’).

   There are a number of ways to fix this. For pensions, defer the retirement age and/or cut back on the benefits/indexing. Kicking in more helps too.

   Promises made need to be reconsidered in light of this.

   1. Or knock off the Seniors with this experimental miracle vaccination and it will save the pensions, especially when you make sure the estates will be screwed.
      On a related subject, my brother-in-law had a million dollars worth of stock from his company, after restructuring, the million dollar stock was worth nothing and would cost him $60,000 in taxes should he cash it in.

      1. Not just the seniors. Freedom 55 takes on a very dark meaning if you last that long. Maybe that is why the Federal government has not funded the vaccine compensation plan for these wonder cures as they realize no one will be around to collect.

   2. DIdn’t Harper try to defer retirement age and Turdoo reverted it?

      Killing government unions would help everyone, except the union bosses.

      1. Yes, Harper raised the age to receive the OAS from 65 to 67 which was to be phased in over a 12 year period I believe. Prime Minister Shit for Brains reversed it.

4. A more “normal” interest rate environment would collapse the finances of nearly every level of government as debt service costs would grow to consume most of their budgets and quite quickly. Hence, these clowns will drive interest rates into negative territory and fill the economy with zombie companies rather than admit that they desperately need to slash their vote-buying ambitions.

   1. Dennis, As has been adequately stated by others, if they can just print money ad infinitum, then they should just print a whole bunch more, and pay off all the country involved debts, and then pay off all the citizen involved debts and we would also no longer need to EVER pay taxes Ever again. For that matter, nobody in Canada will ever need to work again, we can all live in unfettered luxury. We just need a much bigger set of printing presses. As usual Canada just thinks too small. We’ll create a tax Shangri La as it were. The future would be glorious……right? So why hasn’t TurDooDoo thought of this fix?

5. Not to worry, we can tax and charge entry fees, etc. to aliens visiting Earth!

   1. TN, I agree, but how much should we charge, and what would be the medium of currency? Our fiat toilet paper, or theirs. Gold of course would be to heavy to transport across the universe! We all would appreciate it if you could get right on this and report back with a resolution as soon as you are able. But don’t worry, we won’t be holding our breath.

6. One day the central banks will just foreclose and will own everything. Then we will all again be serfs working for the elite landowners even more than we do now.