@ISIDEWITH11mos11MO
Yes
@B4GQS5PConservative3wks3W
https://www.fraserinstitute.org/commentary/spending-sprees-governments-across-canada-help-fuel-inflation-and-high-interest-rates
@B2TS2VL3mos3MO
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.
@ISIDEWITH11mos11MO
No
@B2TS2VL3mos3MO
We can't borrow money forever & eventually the servicing costs of the debt will come back to bite us like back in the '90s
@B4GQS5PConservative3wks3W
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.
@B3HBQ852mos2MO
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.
@9MX2TPB11mos11MO
Borrowing needs to be based on need, social benefits and ability to repay.
@B352FHF2mos2MO
Yes, so long as debt and interest payments to GDP ratios are kept under control.
@B3JMWY2 2mos2MO
There should be no borrowing but a socialist state instead
@B2L42TM3mos3MO
Yes, amend the construction to cap the amount of borrowing, only allow borrowing for capital project that increases economic growth
@B3YW9621mo1MO
No, the government should ABOLISH borrowing. If the government doesn’t have something, then they don’t have it.
@B3CS3522mos2MO
No, they should get loans without debt by nationalizing banks
@9MWWCZZLibertarian11mos11MO
Depends on the reason why, making sure there is proper oversight
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