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Canadian Summarizes Our Collapse: "Everyone Takes, Nobody Makes, Money Is Free, Money Is Worthless"
Zero Hedge ^ | 12/26/2012 | Tyler Durden

Posted on 12/26/2012 8:04:35 PM PST by SeekAndFind

On this lackluster Boxing Day dominated by illiquid moves in every asset class, we thought a few succinct minutes spent comprehending the US and European government policies of social welfare and their outcomes was time well spent. Canadian MP Pierre Poilievre delivers a rather epic speech destroying the myths of US and European 'wealth' noting that "Once the US citizen is in debt, the US government encourages them to stay in debt," noting that "the US government encouraged millions of Americans to spend money they did not have on homes they could not afford using loans they could never repay and then gave them a tax incentive never to repay it." His message, delivered seamlessly, notes the inordinate rise in the cost of all this borrowing, adding that "through debt interest alone, soon the US taxpayer will be funding 100% of the Chinese Military complex." From Dependence to Debt to the Welfare State and back to Dependence, this presentation puts incredible context on the false hope so many believe in the US and Europe. Must watch.

 

"By 2020, the US Government will be spending more annually on debt interest than the total combined military budgets of China, Britain, France, Russia, Japan, Germany, Saudi Arabia, India, Italy, South Korea, Brazil, Canada, Australia, Spain, Turkey, and Israel."

 

"Through government spending the indulgence of one is the burden of another; through government borrowing, the excess of one generation becomes the yoke of the next; through international bailouts, one nation's extravagance becomes another nation's debt"

 

"Everyone takes, nobody makes, work doesn't pay, indulgence doesn't cost, money is free, and money is worthless."



CLICK ABOVE LINK FOR THE VIDEO



TOPICS: Business/Economy; Government; Society
KEYWORDS: collapse; debt; deficit; spending; uscrisis; usdebt
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To: Future Snake Eater

Yeah, not really. Our doctors have a maximum salary they can make in a year, its based on number of patients and number and type of procedures. So what you see is quite often doctors will max out before the end of the year and take vacation so as not to provide service for free. My family doctor for example takes a month in the summer and a month around Christmas.

You’ll get the care you need, you just may need to wait for it. The funds are budgeted by the provinces based on number of doctors/hospitals and the like. Most hospitals are running a deficit but the province covers it through deficit spending. Most hospitals cover things like expansion and equipment upgrades through community donation programs.


21 posted on 12/29/2012 5:42:19 AM PST by AntiKev ("Within the strangest people, truth can find the strangest home." - Great Big Sea - Company of Fools)
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To: AntiKev
I can see many issues with that system, but it doesn't matter. Ours is about to get a hell of a lot worse. Thankfully, I'm still young and in good shape. I pity the old folks and the soon-to-be-classified "useless eaters" who'll be given an Obama Pain PillTM rather than treatment.
22 posted on 12/29/2012 6:01:20 AM PST by Future Snake Eater (CrossFit.com)
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To: Squawk 8888

Bump!


23 posted on 12/29/2012 3:40:13 PM PST by fanfan ("If Muslim kids were asked to go to church on Sunday and take Holy Communion there would be war.")
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