Posted on 12/06/2018 9:52:51 AM PST by Sean_Anthony
A new book takes on the shocking conditions in Canada’s 'Third World'
When Prime Minister Justin Trudeau’s father was PM, it was said in western Canada that he yearned to be the supreme head of an undeveloped country—like his friends Fidel Castro of Cuba and Julius Nyerere of Tanzania. So he set about achieving that objective at home.
There are never exact comparisons, but Argentina comes close. With resources roughly equivalent to Canada’s, in 1945 that country ranked among the world’s richest. The slide gathered momentum under Juan Peron. Similarly, in 1995 The Wall Street Journal nominated Canada as an honorary member of the Third World on account of the national debt, then almost unmanageable thanks to Trudeau Senior’s profligacy. Since then, there’s been a respite, until now.
They want all of Canada to go Third World as they do all countries.
Let’s ask Paleface Lizzy Warren what to do.
She stole money meant for Indians, and now she’s a hero to the Democrats.
The Indian leaders have become good Democrat politicians.
They eat steak and lobster while throwing moldy bread crumbs to the rest of their tribe.
One of the most interesting things I have ever watched was the recent efforts by the oil companies to drill on the Blackfoot Reservation in Montana.
I knew that it would be interesting.
Each side thought they could screw the other side.
Eventually, the oil companies pulled out.
If national debt is the measure of third worldness, how is the US first world?
This article covers a lot of ground and themes it is hard to narrow onto just one. If we go with the debt, Canada, generally is a piker compared to American debt and unfunded liabilities.
Canada has these advantages:
1) Our Canada Pension Fund is funded. Didn’t use to be but now it is.
2) Our national debt is not anything like what the US has
And these challenges
1) What we call Old Ages Pension is not funded and comprises and ever growing liability. I think it is around 40 billion, in a country with a budget around I think 300 billion.
2) Our federal budget is growing and growing without end. The worse though are the huge debts of the mismanaged provinces of Ontario and Quebec
3) Our military is hugely underfunded. The 90s Liberal party starved the military. THAT is how they managed to balance the budget. Harper began to barely re-instate funding. Now that pajama boy is in charge, that underfunding continues
4) Most of our job growth is in the public sector
5) We are importing Syrians and Somalis to add to our welfare rolls
6) Healthcare is now 50% plus of provincial budgets
I would add to your list the madness of the Federal “carbon” tax, that will kill what’s remaining of Canada’s industrial base and oil and gas sector. Trudeau is doing to oil and gas, what Obama and Clinton did to coal, through insane overregulation that has killed pipeline construction and made it cheaper to import foreign oil than to develop the resources at home. Father Trudeau was a very intelligent socialist. Son Trudeau is an imbecilic socialist. Both are dangerous.
Though a carbon tax is a bad idea it is not as bad as the insanity of having a carbon exchange and having companies buy and sell carbon credits. A Wall Street wet dream.
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