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Originally Posted by Jay[neX]
Martin might be dumb and wants everyone to love him, but he's a business man, he was a great finance minister and he's a good reason why we're paying less taxes today and we're the only G8 country with 8 straight years of surpluses (soon to be 9).
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One thing I'll never understand - is how people say we have "a surplus". The principle amount of the national debt is still owed. All we've done is brought it down to where we have a little money left over after the interest on the principle is paid.
Its like having a $1000 Visa bill, making the minimum monthly payment, and having a bit left over for some Kraft Dinner.
I agree Martin's a good finance minister and he's done a good job with the federal purse strings, but saying Canada has a surplus makes it all sound more optimistic than it actually is. The country as a whole is still in debt up to its eyeballs.
SilentKnight