June 16, 2016

Canada over $625B in debt that GROWS by the second: Here’s what will STOP the clock

Holly NicholasRebel Commentator
 

The Canadian Taxpayers Federation was here in Calgary on their six week, nine province tour with the Debt Clock to raise public awareness on Canada’s growing debt.

The clock displays the total federal debt by the second and by person and right now, we’re at our highest levels of debt in history. I had a chance to catch up with the Federal Director of the CTF, Aaron Wudrick and he broke down the numbers for me.

He says that Canada is over $625 billion in debt - $150 billion further in debt than we saw under the former Conservative government. And if you can believe it, we’re also paying $3.3 million in interest per day on already accumulated debt.

The Liberals have no plan in place to cut spending but do plan to run an unknown number of deficit budgets.

The way to curb the spending, as Alberta Director of the CTF Paige MacPherson says, is to balance the budget. Her take is that we need to balance the budget in order to dig ourselves out of the hole and start repaying what’s already been accumulated, that the federal government should take measures to stop corporate welfare and complete a spending review to cut unnecessary costs.

Canada is at the highest levels of debt in history with no plans of stopping the spending spree. Liberal spending is so out of control that we will see the federal debt increase to $718 billion by 2020. That’s actually $20,000 per every Canadian citizen, which is absolutely outrageous.

Depending on where you live, that could be a combined federal and provincial debt load per person of over $41,000.

As Aaron and Paige suggest, the only way to fix things and become debt free is to stop that clock.

Comments
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commented 2016-06-18 18:24:14 -0400
Debt? What debt? Do you mean the fake debt agreed upon by the Government of Canada (an entity that has never legally existed) and the Bank of Canada (a privately owned institution operating without the express permission of the People of Canada)? It doesn’t exist physically, morally, ethically, or legally. For the CTF to acknowledge this illegal activity is to admit that they are slaves to a corrupt system.

YOU THERE!!! WHAT IS YOUR SLAVE IDENTITY NUMBER (SIN)??

😠😠😠😠😠😠😠😠😠😠😠😠😠😠😠😠😠😠😠😠😭😠😠😠😠
commented 2016-06-16 20:55:02 -0400
@bill
Not sure how that coyote could get blood from a stone.
If it did, poor thing must be put down.
Unknown what Wynne dna might do to our precious wildlife
commented 2016-06-16 18:01:45 -0400
Bil Elder: Great analogy…but you forgot about the Grief Councilors!
commented 2016-06-16 17:30:45 -0400
The Coyote Principle:

ONTARIO
· The Liberal Premier of Ontario is jogging with her dog along a nature trail. A coyote jumps out and attacks the Premier’s dog, then bites the Premier.
· The Premier starts to intervene, but reflects upon the movie “Bambi” and then realizes she should stop because the coyote is only doing what is natural.
· She calls animal control. Animal Control captures the coyote and bills the province $200 testing it for diseases and $500 for relocating it.
· She calls a veterinarian. The vet collects the dead dog and bills the province $200 testing it for diseases.
· The Premier goes to hospital and OHIP spends $3,500 getting checked for diseases from the coyote and on getting her bite wound bandaged.
· The running trail gets shut down for 6 months while the Ministry of Natural Resources conducts a $100,000 survey to make sure the area is now free of dangerous animals.
· The Premier spends $50,000 in provincial funds implementing a “coyote awareness program” for residents of the area.
· The Liberal Party spends $2 million to study how to better treat rabies and how to permanently eradicate the disease throughout the world.
· The Premier’s security agent is fired for not stopping the attack. The Province spends $150,000 to hire and train a new officer with additional special training for the nature of coyotes.
· PETA protests the coyote’s relocation and files a $5 million suit against the province

TEXAS
· The Governor of Texas is jogging with his dog along a nature trail. A coyote jumps out and attacks his dog.
· The Governor shoots the coyote with his pistol and keeps jogging. The Governor has spent $.50 on a .45 ACP hollow point cartridge.
· The buzzards eat the dead coyote.

And that, my friends, is why Ontario is broke and Texas is not.
commented 2016-06-16 16:09:08 -0400
And Al who cares about Trudeau. I picked anti-mainstream parties like the Canadian Action party and the Progressive Canadian party so that Canada can be better. I do not give one iota about Trudeau or Ambrose or Mulcair. They are merely mainstream puppets that will not do a thing about debt other than campaign about it.
commented 2016-06-16 16:03:45 -0400
No political party in the mainstream Al is going to challenge the system otherwise they will lose office much like Roussef in Brazil and like others such as Yanukovych. I say follow the money and the fact is the only way to get Canada out of debt is anti-globalist politics meaning protectionist economics with the mixed economy which can be on the right wing or on the nationalist right or left or with a socialist party. The fact is not one way can fix Canada. Many always view things on the left – right scale, but only through the left-right neoliberalism prism not the nationalist left-right or the socialist scale. Canadians need to learn about economics and anti-globalism to challenge the power elites that are tied to the Conservative party, the Liberal party and the NDP party.

The Canadian Action party is the best we’ve got to change Canada.
commented 2016-06-16 15:51:05 -0400
This is the tab so far, to have this immature clown elected. The goal is to bankrupt Canadians, and steal all their wealth, and turn our country over to the UN. So the harsh reality is, that it cost our country and our democratic freedoms, to have this traitor placed in the PM’s chair!
commented 2016-06-16 14:36:44 -0400
So, John if we nationalize banks we would be putting them at Peter Pans control? I don’t see that he would make much of a manger of a bank.
commented 2016-06-16 14:31:47 -0400
22% interest rates are coming on all loans and mortgages, guess what , just like in the senior pm ’s day
You stupid stupid stupid leftard voters , thinking only about free pot and free homosexuality
commented 2016-06-16 13:28:03 -0400
I can’t help pay that unless oil climbs again. It’s simply too much. I cannot pay off 20 grand. I would declare bankruptcy. We should have never went to this place in the first place
commented 2016-06-16 13:05:26 -0400
And yes Canada maintained a 22 billion debt from 1938 to 1974 by using the Bank of Canada. Social Credit wanted to go further but they never got elected.

People that do not understand history will repeat it and the Conservatives, Liberals and NDP are against the Bank of Canada and using it for infrastructure and key investments.

Canadians have to watch videos on Youtube showing the Canadian Action party and read up on Rocco Galati and the Bank of Canada.

Rebel wants to keep people in the dark along with the mainstream media. That is why it is called a blackout on informing Canadians.

All the CTF is doing is parading with providing a realistic solution except cutting and not restructuring. Which is why I identify them as a political organization that only wants austerity policies when austerity actually increases debt. Just look at the EU Ponzi scheme with the ECB.

Only nationalizing the banks can fix this problem created by the pro-debt parties that are mainstream in Canada namely the Liberals, Conservatives and the NDP.

Only the Canadian Action party will do something about this at http://actionparty.ca/
commented 2016-06-16 13:02:09 -0400
Electing the Canadian Action party that wants to return money creation to the Bank of Canada will stop the problem, but we also need to nationalize the banks. This is something that the political mainstream which Rebel defends by being in the Conservative party’s pocket will never bring up. They are completely and totally in the arm of the political elites. Only minor parties will do something about this.

The elites are the conservatives, liberals and social democrats.

When will conservatives wake up on this Rebel site. If it hasn’t changed by now, nothing will!

Also, how is having a balanced budget amendment or law going to fix anything. In fact, it will take money away from key programs and infrastructure. It will be forced austerity on the people when Russia to get out of their debt privatized certain industries and restructured which is the only way to remove debt. And now Russia is not connected to the Bank of International Settlements and the World Bank under Putin.

The CTF is just another centre-right political organization.

Only nationalists can truly do something about debt. Mainstream parties just talk about it! There is a difference.
commented 2016-06-16 12:53:22 -0400
Governments can’t get elected stopping that clock and it’s only going to get worse with all the socialist thinking that’s inflicting our society.