Tuesday, January 11, 2011

Time for the return of the debt clock

I got this today from Troy Lanigan. That part that jumped out at me is that in about March Canada will have managed to borrow back all the money that had paid down debt for 11 years.  I am not a fan of government borrowing money, it is not comparable to a house mortgage or business loan.   We are carrying year in and year out a huge amount of national debt that costs a lot of tax dollars for no benefit.  We need to bring our debt to zero soon.  


Rarely do I send out a personal pitch for the CTF, but am making an exception for this campaign we have coming up and hoping you might consider chipping in a few bucks. Whether you believe the opposition made them do it; or whether you believe they want to do it; the bottom line is that the federal government is on a spend and borrow binge not witnessed since the Trudeau years. Sometime this March, all the debt repayment of the 11 years leading up to 2009 will be wiped out. It’s what happens when you borrow no less than a $124-million a day for two years. Many of the provinces are just as bad.

Late last year we made a decision to bring the National Debt Clock out of retirement. We plan to tour it across the country again as we did successfully in the 90s. However, the effort is not cheap. We need to restore the clock from top to bottom, replace the trailer and purchase a vehicle to pull it. We fully expect to get a couple solid years out of it!

We’ve created a video:

And a new campaign page: http://taxpayer.com/node/9547

Donations can be made here: https://taxpayer.com/donate

I know many of you are already on our e-mail distribution list, so apologies to those of you who will get a second appeal later this week.

BTW ... If you’re not on our list, please consider joining. There’s no cost involved. https://taxpayer.com/node/11193

Thanks for your consideration and hope this finds you well.


Troy Lanigan
President and CEO
Canadian Taxpayers Federation
587 Pacific Ridge
Victoria, BC V9B 6P9
Phone | 250.881.1131
Cell | 250.888.5040

1 comment:

Neil Edmondson said...

Debt is also a human rights issue. Intergenerational equity is a UN recognized human right and it is a human rights violation - as well as just plain mean - to burden the next generation with debt so ours can have an artificially high standard of living.

Fiscal policy isn't set by either the federal or provincial governments anymore, it should be noted, but rather by the IMF. Canada and other liberal democracies simply don't have sovereignty over how much our own governments spend anymore; this isn't conspiracy stuff, it's quite out in the open. I wish I weren't the only one to have a problem with that.