Spending Borrowed Money

Ontario politics is a mess. With a large structural deficit, an ailing economy, all the Leader's seem to have hot-boxed their campaign buses and come up with their platforms during one long session. Tim Hudak's PC party wants to give more money to welfare people, spend 6 billion on Healthcare, spend 35 billion on infrastructure to "cure the economy" (didn't Obama try this and fail?), spend 2 bill on education,  cut taxes, take out smart meters and then balance the budget with magic economy beans. McGuinty's Liberals want to somehow create...

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The Greek Debt Crisis

Greek.Debt.Crisis. Those words have been repeated a lot over the past 2 years, and more so in the last few weeks signifying Greek debt is still not in order. One may wonder why a Greek debt crisis can cause a financial tidal wave of problems that could result in a global pandemic - that could affect an individual . Maybe even Zeus will have trouble paying the bills on his expensive thunderbolts he likes to throw. Let's start with the basics. A government issues debt notes to be able to pay off their expenses. Expenses include the roads...

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