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Originally Posted by wolfpack0102
"Did you make up that 75 000 salary?"
no i did not make this number up. Civil servants are vastly overpaid
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So, you are saying you didn't make it up.
Find me any evidence of a 75 000 dollar secretary that would have 30 000 in the private service. You didn't make it up, so this should be easy for you.
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Yakk wrote:
In any case, I'd munch up a bunch of debt. We have a huge trade surplus, our economy doesn't need a huge stimulus, and interest rates are low and rising. A good time to clean up your debt. Because if not now, when? If not us, who?
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i agree with this but i for one am pissed off that 100 million dollars goes missing and not very much is done about it. That is alot of money unaccounted for that was wasted at our expense. nice to see our hard earned dollars at work!
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Sponsorship scandal?
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Originally Posted by JJRousseau
Right, But interest rates haven't dropped that much in the past five years and even so, lower debt servicing does not result in an increase in overall spending. Just the opposite. And, that spending has far outpaced economic growth.
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177.6 revenue in 2002/2003
133.3 program expenses
37.3 debt charges
7 surplus
123.3 revenue in 1994/1995
118.7 program spending
42.0 debt charges
-37.5 deficit
Growth (in non-real dollars) of spending from 1994 to 2002 is 1.46%. Canadian inflation is about 2.2%, so that's a 0.74% per year
shrink in spending.
This is
less than inflation.
Revenue has grown at 4.67%. Inflation is about 2.2%, which means the 'real dollar' revenue growth is about 2.47%. GDP Growth over this period has averaged 3.5%.
My data comes from
http://www.fin.gc.ca/access/budinfoe.html
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Spending in 96/97 was $104 Billion. In 99/00 in was $107 Billion. For 03/04 it was forecast at $178 Billion. Rising in 05/06 to $191 Billion. That is assuming equal or lower debt servicing. THAT is a huge wad of taxation.
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Your numbers are way off -- please cite a source. Your old numbers don't include debt servicing, I'm pretty certain, and your new numbers include the surplus
and the debt service.