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

Try the Statscan numbers.

http://www40.statcan.ca/l01/cst01/govt03a.htm

He probably gets his facts from Ann Coulter.

Prolly cuz they couldnt afford to make change. Our dollar is after all, worth more than yours. :thumbsup :thumbsup

only an american would say something as *intelligMent* as that :thumbsup

And besides, where in the US is your lame assed Canuckistani monopoly money taken?

I think your old quarters used to be accepted in coke machines. 'Bout it.

heh

You'll love this, actually I get them from the CIA factbook.


:pimp


Look, anyone who knows anything about economics can see how Canada has been cooking the books and stats for decades to artificially lower their apparent debt. Just like someone trying to get a home loan might fudge the ammount of money they owe on the application.

Pretend all you want, you have very LITTLE economic power. The only way you even bought into the G8 Debt Relief to the third world was if WE agreed to release you of some of yours.

The UN HDI is based on income, education, and life expectancy. How come Canada is consistently #1 while the USA has trouble making the top 10? :thumbsup

25% of all US trade is with Canada, we're your largest supplier of oil. Without Canada you'd be fucked, so why don't you get off your high horse and join the rest of us humans?

O RLY?

i see you are ignorant and dazed from the fame of USA as the world police (but actually world terrorist) as much of the us population... so let's compare yours with my 3rd world country Bulgaria

standard of living ...
you may have more money but you live borrowed life from the banks, the corporations rules and owns your life and your house even...
and most of the americans eat PLASTIC, unhealthy food, with many shitty ingredients and getting chronically dehydrated and thus getting ASSFAT...

here we eat only organic food and we're much healthier than you, big and strong balkans men... not fat (i'm 197cm, 80kg), but in result of your culture and way of life the last few years we are getting in some directions the same as you... many of your food products are of course popular here
surely you are bringing much good stuff to the world
i'm personally fan of USA for many reasons... also american english is my favorite language...
but you should wake up to the truth that everyone else sees except you and it's that you are corporative slaves and they are ruling yours and ours life too and they are not ruling it very good... the ruling elite (200 famillies) owns 87% of all the money!!! with taxes, federal reserve and printing money backed up by nothing which are owned by private banks... we all are forced to work 10 hours a day FOR THEM... if we want to live good life.. because the money are in them... we're getting only the credits... with fractional banking for every $1000 they give 10 credits for $1000, 100 years ago there were no taxes and the money were backed up by gold... now they are like 100 different taxes and PRIVATE corporate banks prints the money backed up by nothing...

here in Bulgaria i pay no taxes... there are some big taxes for the business of course... when i work local there's taxes... but now when i'm getting my money from the Internet no one knows or cares... my university pays my taxes... i have no idea... they can't do you anything.... here you are free to do much things...

culture:
USA has 200 years culture... and the americans don't know it... many of the americans don't know where's exactly that rest of the world is located on the map...

we have 1300+ years culture...
bulgarians invented the cyrillic (have you heard of it?)

bulgarian invented the first digital computer
http://en.wikipedia.org/wiki/John_Atanasoff

and much much more

and we love each other more than you...

your movies are likable... but they can be much better... well but this is the population... you just can stop thinking at your movies.. especially the comedies... i can be as stoned as much as i wish and still will understand the whole movie... :D

and about the government is the most hilarious thing... you are calling the bush administration BETTER?
better than what? HELL?
system yes, but it's not WORKING so it's no system at all... it's mafia...

the world is not as it's on TV...

your ignorance is shining..right now you are suffering from shit that Reagan started called the Imperial Cycle.

look it up..im out of this particular conversation..see you in another thread

Run rabbit run.


Didnt expect me to actually KNOW what I was talking about did ya?




Dont know why I should expect anything more from a guy from a country which has THIS for a National Animal:

http://www.chebucto.ns.ca/Heritage/F...tos/Beaver.gif









hotlinken

:1orglaugh :1orglaugh :1orglaugh :1orglaugh

i was hoping youd know what you are talking about...but alas...you do not.

no biggie..im not that let down :)

Try arguing the FACTS. Your inability to do so is yet another reason why Americans are better than you.


Lunchtime.

O RLY?

i see you are ignorant and dazed from the fame of USA as the world police (but actually world terrorist) as much of the us population... so let's compare yours with my 3rd world country Bulgaria

standard of living ...
you may have more money but you live borrowed life from the banks, the corporations rules and owns your life and your home even...
and most of the americans eat PLASTIC, unhealthy food, with many shitty ingredients and getting chronically dehydrated and thus getting ASSFAT...

here we eat only organic food and we're much healthier than you, big and strong balkans men... not fat (i'm 197cm, 80kg), but in result of your culture and way of life the last few years we are getting in some directions the same as you... many of your food products are of course popular here
surely you are bringing much good stuff to the world
i'm personally fan of USA for many reasons... also american english is my favorite language...
but you should wake up to the truth that everyone else sees except you and it's that you are corporative slaves and they are ruling yours and ours life too and they are not ruling it very good... the ruling elite (200 famillies) owns 87% of all the money!!! with taxes, federal reserve and printing money backed up by nothing which are owned by private banks... we all are forced to work 10 hours a day FOR THEM... if we want to live good life.. because the money are in them... we're getting only the credits... with fractional banking for every $1000 they give 10 credits for $1000, 100 years ago there were no taxes and the money were backed up by gold... now they are like 100 different taxes and PRIVATE corporate banks prints the money backed up by nothing...

here in Bulgaria i pay no taxes... there are some big taxes for the business of course... when i work local there's taxes... but now when i'm getting my money from the Internet no one knows or cares... my university pays my taxes... i have no idea... they can't do you anything.... here you are free to do much things...

culture:
USA has 200 years culture... and the americans don't know it... many of the americans don't know where's exactly that rest of the world is located on the map... :D

we have 1300+ years culture...
bulgarians invented the cyrillic (have you heard of it?)

bulgarian invented the first digital computer
http://en.wikipedia.org/wiki/John_Atanasoff

and much much more

and we love each other more than you... :D

little of your movies and the music is likable... they can be much better... well but this is the population... you just can stop thinking at your movies.. especially the comedies... i can be as stoned as much as i wish and still will understand the whole movie...

and about the government is the most hilarious thing... you are calling the bush and all the administrations since THEY killed JFK BETTER?
better than what? HELL?
system yes, but it's not WORKING so it's no system at all... it's mafia...

the world is not as it's on TV...

anyway :stoned
50 gr - $20 :stoned

I thought our national animal was the pussy.

Ah well, beaver, pussy, it's all good. :D

i have only stated facts...please show all of us where you get your information

i give links

Drugs are bad, mmkay?

You already posted it once pothead.



Heres Bulgarian Superiority at it's finest.

So did I, you just can't read.


I'm gonna go eat 5 big macs now. Maybe oppress some colored folk while I'm at it.

Last time I checked the US Treasury stats on debt don't include the "additional responsibilities" such as Social Security, Medicare, and various other debts that aren't allocated for. These additional responsibilities are over $38 Trillion, but aren't included when people quote debt figures, which tends to hide the much more scary reality.

http://www.supload.com/thumbs/default/2004overall.gif

http://www.fms.treas.gov/fr/04frusg/04frusg.pdf

Simply looking at public debt figures doesn't give the whole picture on a government's liabilities.

That was my point about Canada EXACTLY.

ill send you five bucks if you can eat five big macs

ghahaha i'm sorry, my internet really sucks, getting errors and maybe i really smoke too much

but i'm celebrating... the beginning of the end of the mafia that's ruling the world :P

Americans are thought of the world over as stupid. No smoke, without fire.

For a bunch of idiots, we sure managed to become the most powerful nation on earth pretty easily.

yes, but you didn't mention that the same is true of America.

When people quote debt figures for any country, they usually just reach from some simple number provided by debt stats, but that number will likely be far from the reality of the governments true liabilities.

People quote figures like $8 Trillion for America's debt, but the reality of its liabilities is more like $43 Trillion

RIP Fiscal Responsibility :(

hmm, what could be a reason for such thread? maybe finally getting a bj? just wondering

America is the most powerful because its irrisponsible. Running up debt after debt allows you live big for awhile, but eventually it will collapse.

The Canadian quarters don't work in vending machines that take USD.

Who needs fiscal responsibility when you have m1 tanks, f16s and tomahawks?

Is the United States the worlds most powerful nation? China has been rapidly closing in economically though..

Military there is no match, US accounts for more then half of what the total world spends gross


Best places to live - that really depends on a number of factors. There are pros and cons to everything.

I'm hungry. This thread is a waste of my time.

Funny, though.

Funny thread. But what's the point in arguing about a statement as idiotic as "Americans are better than you"? That's like arguing about whether e is a better letter than k or not.

Xenophobia is alive and well on GFY I see :)

Make it $50 and I'll eat five big macs today, plus a large fries, coke, and a cherry pie.

Big macs are nothing.

that's because you are pulling out the world's most intelligent people from countries like mine...

USA was supposed to be nation of the free people not the self-proclaiming better ones and the pretending for more power over the others...

I agree. That can easily be done - not saying that I'd want to though :thumbsup

get it on film and the fifty is yours

i know some big dudes...and the most ive seen them eat is four bigmacs

has to be all in one sitting..not through the day

Fucking A. Vancouver can be described as automotive hell. They don't want to build elevated highways because it'll ruin the beauty or some bullshit like that. I don't give a shit about looking pretty, I want to be able to get from one end of Vancouver to the other in 5 minutes, instead of 2 fucking hours!!!

I mean, having to drive, on city streets, that are busy and full of people who drive way to slow or way to fast, to get from one end of a city to the other, is bullshit. Every city (well, every big city) I've been to in the US has had highways that make getting around a fucking breeze. ARGH!!

I'd live in the United States. All the times I've been there, the people have been nothing but friendly. The only thing that would make me apprehensive about packing up and heading south is people like Jimthefiend. Now I'm sure he's fine in real life, just like all the other people I've interacted with in the US. But he's got some hardcore extreme ideas. Living in a country where people have such extreme idea's would make me a little uneasy. If I wanted to live where there's lots of extremism, you'd think I' have to move to the middle east or something. But as it stands, all I'd need to do is drive 40 minutes to the border :(

Fitzgerald Indictments Could be Coming Down Today; Bush Acting Like Stalin in 1953, Claiming A Foreign Cabal Is Out to End His Presidency

Sherman Skolnick, the first to report on the Bush administration indictments months ago, claims Bush may be on the verge of a psychatric breakdown. He also claims Bush is saying 'the Jews, the French and a foreign cabal' are out to destroy him.
26 Oct 2005

By Greg Szymanski



Chicago investigator and ?judge buster,? Sherman Skolnick, who once brought a former Illinois governor to his knees, putting him behind bars, is up to his old truth-telling tricks again, saying he?s received credible reports President Bush is on the verge of a psychiatric collapse over U.S. Attorney Patrick Fitzgerald?s pending indictments.



Skolnick said Bush has been ranting and raving in the White House, claiming ?the Jews, the French and a foreign cabal? are conspiring to take down his Presidency and are behind the well-known and imminent Fitzgerald indictments.



?If anybody remembers Stalin back in 1953, Bush sounds just like him,? said Skolnick this week from his Chicago home. ?He?s on a sinking ship and he knows it. I?ve gotten reports that when the indictment comes down he may leave the country and go to Alice Springs, Australia, a well-known CIA base of operation.?



Other reports, circulating from Washington insiders, claim the President is ?emotionally unstable, totally absorbed with the fall his of presidency and ?living on cloud nine? unable to focus on anything but Fitzgerald and his indictments which are going to reveal ?the lying and illegal nature? Bush plunged America into war.



Skolnick also claims that Bush will not take the dignified way out and resign like President Nixon, but will go down ?fighting and screaming? or finally be convinced to go into forced exile.



?He won?t go easy, that?s for sure. And the indictments, including Bush and Cheney, could come down as early as this week and perhaps Wednesday,? said Skolnick. ?Reports are Bush also has made a last ditch effort to go to the Supreme Court to have the indictments quashed but only two of the nine high court justices were in favor of listening to his story.?



Skolnick, well-known for his hard brand of investigating government corruption since the 1960?s, was the first to go public months ago with the story of the Fitzgerald indictments taking down Bush and his cronies, going forward with the story when many called his reporting and investigating ?over the edge and baseless.?



However, Skolnick again has been ?proved right,? as even the mainstream press and those in the Republican party close to Bush have acknowledged Fitzgerald?s indictments are not ?hype? but are, in fact, a reality about to soon take place.



?I?ve heard reports, which have also surfaced in the ?Capital Hill Blues? reports that Bush?s aides say he is flying off the handle and out of control,? said Skolnick. ?Also my sources tell me that Bush, behind closed doors, is trying to tell the federal court in the District of Columbia that a foreign cabal is behind the indictments, trying to take his Presidency.



?He?s obviously losing it and if anyone saw him at his recent press conference, when he was questioned about indictments and refused to answer, he is definitely not all there. ?Also, Gordon Liddy recently said on the Sean Hannity Show that Bush ?ought to be put in a monkey cage? and Chris Matthews acknowledged the indictments are for real and Bush is on the hot seat.?



This week other reports surfaced that Bush lawyers tried to get the federal court for the Eastern District of Columbia to quash Fitzgerald?s indictments but were unsuccessful on both occasions.



Sources close to the case said Bush?s personal lawyer, Harriet Miers, made an unsuccessful plea to the court to stop Fitzgerald in his tracks, a move judges felt had no legal basis.



Skolnick added that when Attorney General Alberto Gonzalez recently met with Fitzgerald, seeing the severity of the indictments, he immediately disqualified himself from the case, refusing to sign or issue the indictments against his colleagues in the White House.



Other sources close to the case said 22 indictments are expected to be released, going far beyond just the leaked evidence outing CIA agent Valerie Plame, but exposing the treasonous acts of Bush and others regarding the illegal nature of the Iraq War and doctoring of WMD intelligence reports leading to the unjustified invasion which has left thousand of soldiers and civilians dead as a result.



Skolnick claims politicians from all corners of the country are ?reading the writing on the wall,? trying to distance themselves from Bush, who basically is being left to drown in his own pool of political.



Skolnick claims all bets are off as to Bush?s successor, but he added the indictments will tarnish the administration so badly that ?the ninth man down in the chain of command,? being an obscure position in the agriculture department, could possibly wind up as President after the political dust finally settles.

All because of a system based on borrowed money :2 cents: The US has a huge debt, and its growing every year.

Unfortunately there will be a huge economic collapse in the not too distant future :(

Ooops, should have read your post first.

Good to see someone else understands how global economics work. :thumbsup

Nice to meet you.

Four, that's it?

They had a eating contest here in the 'peg a few years back. I didn't partake of it, but all these big hungry dudes showed up for it. It was at a restaurant called "Salisbury House", their cheeseburgers. The winner ate like 30 of them.

I've done 5 big macs before, maybe I'll take you up on this one of these days.

Not today though.

Yeah and it is a huge debt but fortunately it will be in check soon and will be systematically reduced. I am not worried about the US Govt's debt. Sometimes you have to spend way too much when you are a World Super Power.

As for a huge economic collapse - if it does happen in the US, which it will not, it will be a Worldwide issue because if we fail financially your country will fail too.

That's the other part of my argument. You can drive through most US cities, even the smaller ones, at 70 mph withought having to get off the interstate. Not in Canada though. Most of our cities make you drive around them on a bypass, but if you want to go through town you're reduced to regular city streets.

Ug.

If our city planners were still alive I would vote to have them all shot.

very original. especially for us war-lover who says "People of the world, let's face facts: Americans are better than you."

let's face facts: americans, europeans have created you...
we bulgarians exist from the very beginning of the new world
you americans... are ending the old world and you have to begin the new one
new world is just around the corner... the huge announcements that's coming these days are part of that... and it's much bigger than anyone of you can imagine...
the new world order of bush & the illuminati is not part of that...

so welcome... soon the americans and the whole world will be much happier and richer.. i'm telling you because i know that for sure from credible sources...

:321GFY

Do they not have in-patient mental health care facilities in Bulgaria? 'Cuz you sure as fuck need to to be living in one. God Damn man, you make Micheal Moore look sane.

Some info we put together for those thinking of betraying the US and moving north.

[IMG]http://www.********************/canadian.jpg[/IMG]

the best paret is whoever did this screwed up the currency transfer...product of american schooling jim?

one CDN dollar equal 300 American dollars...lol

they are almost par though