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The NDP are being pushed by supporters to demand a full UBI be included in the Throne speech.

There is an online petition to force the Liberals to acquiesce to the demand. NDP supporters view this as a rare opportunity to force changes.

I doubt the Liberals would agree to such demands, and it might well be up to the Conservatives if there is an election or not.

What say you Erin O'Toole ?
 

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More importantly, will the people that are required to lend us the incredible amount of money to provide this freebee, agree to the demand.
 

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More importantly, will the people that are required to lend us the incredible amount of money to provide this freebee, agree to the demand.
I think that the Parliamentary Budget Officer pretty much said it all this week with their analysis of the situation we're in. I tend to listen to this because they provide independent and non-partisan financial and economic analysis.

“It’s without a doubt that we cannot afford deficits of over $300 billion for more than just a few years. And when I say a few years, I really mean a year or two. Beyond that, it would become unsustainable,” he said.

“So if the government has plans for additional spending, it will clearly have to make difficult choices and either raise taxes or reduce other areas of spending. Because it’s clear that we cannot afford to have deficits of that magnitude for even the medium term.”


ltr
 

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The Coronavirus deficit will hopefully end some day, but until it does the government will have to continue to support Canadians.

The deficit is higher due to the support provided to Canadians and the economy, but nothing like what it was in 1995.

At the time, Canada's debt-to-GDP was at about 66% - the highest in the G7 - and interest rates were high.

Today's debt-to-GDP ratio is lower, at 49%, up from 31% during last fiscal year, and interest rates are at historic lows.
 

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It will have to be "sustainable" until the COVID has passed, unless we want to let the economy collapse. What is the alternative ?
 

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One alternative is for everyone to stop paying their bills. That may be coming in the future.

The government is giving people money to pay their lenders. Maybe they shouldn't be doing that ?

I have no doubt there are people who give their CERB money to payday loan companies charging 700% interest a year.

Maybe let the lenders take the losses ? Their predatory lending business isn't the taxpayer's obligation to sustain.
 

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One alternative is for everyone to stop paying their bills. That may be coming in the future.

The government is giving people money to pay their lenders. Maybe they shouldn't be doing that ?

Let the lenders take the losses ?
In other words instead of just the government giving freebees to people that don't work, everyone should? Banks, Telecommunication companies, Power companies, auto leasers, landlords, Nannies. Where does it stop?
 

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What do you think would happen if the government didn't pay the CERB or CEWB ?

I am guessing people still unable to work would have no choice but to default on their debts.
 

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I found Conservative Leader Erin O' Toole's interview with the CBC Power and Politics show interesting.

It becomes readily apparent that he doesn't know what to do. He is an odd place where they want the CERB to end but the virus is getting in the way.

They want to force the "lazy" back to work, but the employers are still closed due to COVID and it makes the Conservatives look like they are trying to create outbreaks of the virus. They aren't sure how to come at that problem without looking bad to voters. (recent polls show 88% of Canadians support the government's handling of the pandemic). The Conservatives know they have to tread carefully.

So he is left with rhetoric about holding the Liberals to account......blah, blah, blah. He refused to answer if the Conservatives would vote against future government support. He refuses to offer any solutions except for perhaps shifting the CERB to EI benefits...which is just robbing Peter to pay Paul.

The bottom line is that the virus is still here and will spread if the economy re-opens. The government can either continue with the support or stand around watching the economy collapse and Canadians suffer the consequences. That would be mess of epic proportions.

The Liberals are driving full steam ahead pushing out government support with the NDP riding in the passenger seat.

The Conservatives are motoring around and around and around the traffic circle.
 

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What do you think would happen if the government didn't pay the CERB or CEWB ?

I am guessing people still unable to work would have no choice but to default on their debts.
We really don't know because the government IS paying the cerb. Hopefully we will find out sooner then later. In any case, you did not say that, you said "One alternative is for everyone to stop paying their bills." That of course is completely rediculous. Do you mean everyone? Do you mean only people eligible for CERB should be told to stop paying their bills. Is everyone who receives money from these "bills" a bad guy and in need of punishment. Will doing that reduce the amount of money our poorer people owe, in the future, or increase it. Of course if a person is not held accountable to their commitments, they would want to increase it, but since no commitment can now ever be assured by the lenders, you can be darn sure no one will lend to this group ever again, at the same lending rates they do today. That is obvious.

I imagine you did not give that one much thought because, as I said, it is rediculous.
 

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Discussion Starter #1,354
Many renters tried this with the blessIng of the government...which explains why the landlord tenant hearings are now through the roof and thousands will soon be evicted. Of course, many properties are probably facing foreclosure as well since no revenues were generated For months and the likelihood of recovering that money is slim.

all this despite the cerb money so people could actually pay their bills.
 

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Paying your own way isn’t fair...free money is the only fair way to go, just ask sags.
 

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We really don't know because the government IS paying the cerb. Hopefully we will find out sooner then later. In any case, you did not say that, you said "One alternative is for everyone to stop paying their bills." That of course is completely rediculous. Do you mean everyone? Do you mean only people eligible for CERB should be told to stop paying their bills. Is everyone who receives money from these "bills" a bad guy and in need of punishment. Will doing that reduce the amount of money our poorer people owe, in the future, or increase it. Of course if a person is not held accountable to their commitments, they would want to increase it, but since no commitment can now ever be assured by the lenders, you can be darn sure no one will lend to this group ever again, at the same lending rates they do today. That is obvious.

I imagine you did not give that one much thought because, as I said, it is rediculous.
"Everyone" means everyone who lost their incomes due to COVID and can't pay their bills.

Without income, millions of Canadians would certainly have defaulted on their debt. That is what happens when people don't have money.

If Conservatives hope to win the next election, they best sit down and think carefully through their "anti-CERB" policies.

A lot of Canadians (88%) support the COVID support programs.
 

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"Everyone" means everyone who lost their incomes due to COVID and can't pay their bills.

Without income, millions of Canadians would certainly have defaulted on their debt. That is what happens when people don't have money.

If Conservatives hope to win the next election, they best sit down and think carefully through their "anti-CERB" policies.

A lot of Canadians (88%) support the COVID support programs.
Thank for changing the definition of everyone.

Even with your new description, lets keep the social programs to the government and not involve private business. These companies are providing a service and making a competitive profit. We can nitpik that all day long but it is still a private and needed business. They are not charities.
 
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