Quote:
Originally Posted by Red
So they borrow. Economy grows, debt gets cheaper. If in trouble, feds run inflation, debt shrinks.
Rinse and repeat. Been done to death.
Governments don't pay off debts the way you or I do.
Fiscal hole or not, this will not matter or me or you. It's political points.
To a point. Just want to make that clear. Alberta can run deficits for a long time and still be in better shape than rest of Canada. And we don't exaclty hear them going bankrupt.
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Just out of curiosity, how did you feel when the NDP was doing this?