Comment 73024

By A Smith (anonymous) | Posted January 13, 2012 at 19:33:51 in reply to Comment 73016

>> I am unemployed now

1.) Sales create jobs...

2.) Private savings = public deficits + current account surplus ( )

3.) Canada's current account record (make sure you set from 1980-current).

4.) Household debt is at record levels

5.) The Bank of Canada has the power to buy unlimited amounts of federal, provincial debt.

If the feds stopped collecting taxes right now (taxed $237.1B last year), do you think that would lead to more jobs, or less?

If people saw their taxes fall to zero, yet their wages remain the same, would that make people less confident about spending, or more?

The only deficit in Canada is productive capacity (workers, skills, raw materials). We can run deficits forever and those who disagree are either ignorant or lying.

Hopefully for you and others in your position, our experts figure this out.

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