Quote:
Originally Posted by uke_master
But let's ignore this blip. What - exactly - do you people who worry about the deficit think the problem is with long term, persistent, structural deficits that are modest in size? What is the e precise social or economic consequence you are worried about?
It’s not sustainable and you end up defaulting or a devalued currency.....for everyone , regardless your social class.
And that is very bad .
Obviously it’s not a big risk just yet and we have lot commodity and very good diversified economy .
But it’s not a reason for not doing a better job !
When a country lose money we basically lose all money at one point .
Look at the US, they owe over 100 trillions in debt for the elderly and Medicare .
I don’t want to get there !
I would rather be like Norway but look what Alberta did , shrug .