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@ISIDEWITHQuestionsthe EconomyStarted 11mos agoActive 3 days ago

Should the government reduce public sector borrowing?

14 Replies

 @ISIDEWITHDiscuss this answer...11mos11MO

Yes

 @B4GQS5PConservativefrom Nova Scotia  agreed…3 days3D

https://www.fraserinstitute.org/commentary/spending-sprees-governments-across-canada-help-fuel-inflation-and-high-interest-rates

 @B2TS2VLfrom Ontario  agreed…2mos2MO

The federal government alone spends over $50 billion per year on debt servicing. That's over double our military budget, & more than we spend every year on the Canada Health Transfer. Continuing to borrow will only make the number higher, & eventually we'll get into a debt spiral of having to borrow money to pay the interest on money we already borrowed.

 @ISIDEWITHDiscuss this answer...11mos11MO

No

 @B2TS2VLfrom Ontario  disagreed…2mos2MO

We can't borrow money forever & eventually the servicing costs of the debt will come back to bite us like back in the '90s

 @B4GQS5PConservativefrom Nova Scotia  disagreed…3 days3D

Must be paid back in some effect and those most punished by its effects are typically the lower class it’s meant to help. Either leads to crowding out effect resulting in higher rates, or inflation if monetized, or higher future taxes, all hurting future economic growth.

 @B3HBQ85from North Dakota  disagreed…1mo1MO

If the government continues to borrow money. We will reach a point where the cost of debt services will grow too large for the government to be able to render services to the people. Constant deficits sacrifice the future generations for the luxury of the current generation.

 @9MX2TPBfrom Alberta  answered…11mos11MO

Borrowing needs to be based on need, social benefits and ability to repay.

 @B3JMWY2 from Ontario  answered…1mo1MO

There should be no borrowing but a socialist state instead

 @B3YW962from Alberta  answered…3wks3W

No, the government should ABOLISH borrowing. If the government doesn’t have something, then they don’t have it.

 @B3CS352from British Columbia  answered…1mo1MO

No, they should get loans without debt by nationalizing banks

 @B352FHFfrom Ontario  answered…2mos2MO

Yes, so long as debt and interest payments to GDP ratios are kept under control.

 @B2L42TMfrom Ontario  answered…2mos2MO

Yes, amend the construction to cap the amount of borrowing, only allow borrowing for capital project that increases economic growth

 @9MWWCZZLibertarianfrom Quebec  answered…11mos11MO

Depends on the reason why, making sure there is proper oversight

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 @ISIDEWITH submitted…5mos5MO

Gallup Poll Bombshell: Over Half of Ukrainians Ready for Peace

More than half of Ukrainians want talks to end the war with Russia, according to the latest Gallup polls released on Tuesday, the war’s 1,000th day. The surveys, conducted in August and October, found that 52 percent of Ukrainians want their nation to negotiate an end to the war in Eastern Europe that has been raging for over two-and-half years. Almost four in 10 Ukrainians, 38 percent, want their military to keep fighting until it wins the war. Some 9 percent did not know or refused to share their opinion on the matter. The outlook of the Ukrainians is different from the period when the invasion began in February 2022. Just months after Russia’s invasion kicked off, around 73 percent of Ukrainians wanted to keep fighting. The support for continued fighting dropped among Ukrainians in 2023 when 63 percent wanted the conflict to continue while 27 percent preferred a negotiated peace, according to the survey. The poll comes as Ukraine fired U.S.-made long-range missiles inside Russia for the first time since the restriction was reportedly lifted by the Biden administration. On the same day, Russian President Vladimir Putin lowered the threshold for the use of nuclear weapons. The support for continuing the war has dropped among Ukrainians across the country, dipping to below 50 percent throughout the nation this year, Gallup noted. The biggest declines were in regions that are far from the front lines. Over half of Ukrainians, 52 percent, agree that Kyiv should be open to making some territorial concessions as part of a cease-fire, according to the poll. Around 38 percent disagreed while another 10 percent did not know.

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