"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!
10.13.2008
something from the cbc news web boards...
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