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jimthefiend · 10-26-2005, 07:47 AM

The gradual decrease of "Canada's national debt" is a hoax based on an illusion created in the alleged size of the direct federal debt, but it has little to no correlation to the truth, the whole truth and nothing but the truth.
It took the media quite a few years before they came off the topic that the federal government wanted them to concentrate on, the annual budget deficit. In about 1991 the media began to become concerned about the accumulated budget deficit, a.k.a, the total direct debt.
It is therefore welcome news to the federal government that the media still have not quite caught on to the game the federal government is playing. That is that in addition to direct federal debt, the taxpayers have to pay as well for unfunded liabilities, such as funds that we should all expect to be in government programs to secure for instance the CPP (Canada Pension Plan), OAS (Old Age Security), Health Care and E.I. (Employment Insurance), so as to secure any claims that are being or will be made against those social safety nets.
Of course, those funds don't exist, and if they do, they are called "surpluses" that are then promptly applied to reduce the direct debt, in a shell game by which the total federal debt is not reduced at all. For every dollar transferred from "surpluses" in various government programs to reduce the direct debt, the unfunded liabilities in the government programs they are robbed from increase by one dollar. Claims made against the government programs are then not paid out of incomes derived from assets securing the government programs, but through increased taxation in the form of escalating payroll deductions for CPP, OAS, Health Care, E.I., etc., and last, but not least, through increasing direct taxation in the form of GST, sales- and income taxes, and ever new and mounting service fees.

According to the Fraser Institute, in 1999 the total federal liabilities were not $565 billion as one might be inclined to assume from the data contained in the graph shown above, but rather a whopping $1.7 trillion ? including the 565 billion of direct debts shown above.

from: http://www.fathersforlife.org/families/famtax.htm

10-26-2005, 07:47 AM
jimthefiend So Fucking Banned Join Date: Oct 2003 Location: icq: 121189 Posts: 18,889	The gradual decrease of "Canada's national debt" is a hoax based on an illusion created in the alleged size of the direct federal debt, but it has little to no correlation to the truth, the whole truth and nothing but the truth. It took the media quite a few years before they came off the topic that the federal government wanted them to concentrate on, the annual budget deficit. In about 1991 the media began to become concerned about the accumulated budget deficit, a.k.a, the total direct debt. It is therefore welcome news to the federal government that the media still have not quite caught on to the game the federal government is playing. That is that in addition to direct federal debt, the taxpayers have to pay as well for unfunded liabilities, such as funds that we should all expect to be in government programs to secure for instance the CPP (Canada Pension Plan), OAS (Old Age Security), Health Care and E.I. (Employment Insurance), so as to secure any claims that are being or will be made against those social safety nets. Of course, those funds don't exist, and if they do, they are called "surpluses" that are then promptly applied to reduce the direct debt, in a shell game by which the total federal debt is not reduced at all. For every dollar transferred from "surpluses" in various government programs to reduce the direct debt, the unfunded liabilities in the government programs they are robbed from increase by one dollar. Claims made against the government programs are then not paid out of incomes derived from assets securing the government programs, but through increased taxation in the form of escalating payroll deductions for CPP, OAS, Health Care, E.I., etc., and last, but not least, through increasing direct taxation in the form of GST, sales- and income taxes, and ever new and mounting service fees. According to the Fraser Institute, in 1999 the total federal liabilities were not $565 billion as one might be inclined to assume from the data contained in the graph shown above, but rather a whopping $1.7 trillion ? including the 565 billion of direct debts shown above. from: http://www.fathersforlife.org/families/famtax.htm