Two notable takeaways from Newfoundland’s recent budget: this is a record breaking deficit figure from an allegedly conservative government, and health care now eats up nearly half of all spending. We’ll be well on the way to two thirds before long and that will be the case for every province.
The budget forecasts a deficit of $688.5 million and a $20.8 billion net debt by the end of the 2026-27 fiscal year.
The province will spend $5.4 billion on health care — 42 per cent of its entire expenses — including more than $47 million to create 200 new long-term care beds.
Costs will eventually be brought under control by convincing citizens to kill themselves without government assistance.
Nonsense. Canada has FREE healthcare. Obama told me. He also said Cuba has FREE healthcare … and that we should destroy our “for profit” medical care system … and instead adopt a Canadian-esque system that uses nothing but Hindu Doctors … who evidently work for FREE! Woo Hoo! FREE Doctors, comrade!!
North Korea has free healthcare too.
I am half expecting the government will charge a monthly premium in order for citizens to make use of our Medicare. They can start at $300/month. Then keep increasing it as they see fit. Hopefully I will be dead by then.
Governments will start going after the equity in your principal residence…..they have been salivating at that windfall for years as the Boomers peg out.
@Joey:
I keep hearing about that. However, personally I highly doubt that will happen, it would be the last straw, even loonie liberals would vote against a government stupid enough to tax the homes of citizens.
And you bitches were complaining about MAiD, next up you’ll be bitching not enough are using that service. It’s how you bible pounders swing!
not all of us rev1318. not all of us.
did somebody drop you on yer head when you were a baby?
are you channeling anton lavey now?
Newfoundland (and likely the rest of us) spends $10,000 per capita on health care or $40,000 per family of 4. Is that in any way sustainable? The average family income in Newfoundland is $94,000. 43% of what everyone earns is spent keeping them alive. Maybe it’s time to break the doctor monopoly and the health care unions. Maybe it’s time to let effed up people die. In my first 60 years I didn’t cost the health care system $1,000. Maybe heroic efforts like heart/lung/liver transplants is Gods checkout notice.
Could start with cleaning up the system. Germany’s is close to ours in structure, delivers better outcomes, for less money. The Canadian to German administrator ratio is 10:1 The one thing Canada is the undisputed champion of is employing completely useless people by the hundred thousand lot to feed like the parasites they are off the real econpmy.
This will continue as long as health administrators are allowed to build their fiefdoms. The system cannot hire front line healthcare staff because the administration is ultra-extreme top-heavy. Until politicians start growing spines and balls then actually do something, nothing will change.
Modern Monetary Theory states that there’s nothing to worry about.
Debt is just money added to the economy.
Mark Carney told me so.
does that cover the curious phenomenon of hyperinflation when we are all trillionaires?
all that money, where the paper its printed on is worth more as fuel to burn and heat the domicile
than the face value . . . .
this too is coming. the harbinger and necessary condition is insurmountable DEBT.
l can foresee a time when cash is banned and all transactions are digital, justified by claiming
‘to prevent counterfeiting’ and ‘eliminate inflation’. it might even work. but the corollary is
the boyz in control now know EVERY NICKEL you spent, on what, when and who got the funds.
NWO here we come !!!!
Conservatives is just a stalking horse for more debt. Everywhere.
Stocking horses are cute! Like sock puppets, only horsier!
20 billion eh?
What is the interest rate?
1%?
5%?
$20 000 000 000 in debt.
x .01 =$20 million/year in interest.
5% makes an nice 100 million ..
For how many tax paying citizens?
Based on the Zimbabwe experience..invest in wheelbarrows.
For as inflation ate their money,a wheelbarrow of the fiat currency would not buy a loaf of bread.
Then people started to get robbed..of their wheelbarrow.