10.13.2008

something from the cbc news web boards...

"You do realize that to provide that GST cut the Conservatives have lower the amount we pay on the principal of our national debt by 90% don't you?

This reduction means that our debt that would have been paid off in 45 years if they had kept debt payment at 10.2 billion as it was in 2007-2008, will now take an additional 300 years to pay off at the 2009-2010 rate of 1.3 billion.

Source budget 2008.

http://www.budget.gc.ca/2008/glance-apercu/brief-bref-eng.asp

I would have preferred to keep the GST and pay the debt off in 45 years.
Saving us TRILLIONS in interest. Pay a little in GST now and save TONS in interest.

Its like short term pain for long term gain."


Posters on the CBC's comment sections - you either love them or hate them... or just scratch your head in bewilderment!

No comments: