Debt Clock Coming to P.G.
Friday, June 28, 2013 @ 2:17 PM
Prince George, B.C. – The Canadian Taxpayers Federation will be bringing their “debt clock “ to Prince George.
Over the next two weeks, the B.C. Debt Clock will visit 30 communities in the Province. Prince George will see a stop on the morning of July 10th.
Why?
According to the Canadian Taxpayers Federation B.C.’s debt load is growing, and they want to draw your attention to the issue.
“B.C.’s provincial debt will grow by a billion dollars every single quarter over the next three years – even with so-called balanced budgets,” said Jordan Bateman, the CTF’s British Columbia Director. “By 2016, today’s $57 billion debt will top $69.4 billion. We need to stop this clock.”
According to the CTF, the province’s debt grows by:
- $209 per second
- $12,515 per minute
- $750,913 per hour
- $18 million per day
- about a million dollars every 80 minutes
“The Premier has talked the talk on debt reduction, but now it’s time to walk the walk,” said Bateman. “She needs to stand up against special interest groups looking for more tax money. Based on the election results, there’s clearly an appetite in B.C. for the Premier to make good on her campaign promise of a debt-free B.C.”
The “debt clock” will visit 100 Mile House, Lac La Hache, Williams Lake and Quesnel on July 9th, then arrive in Prince George on the 10th, where it will be on display near the Tim Horton’s on Victoria Street from 9:30 till 10:15 a.m.
Comments
A debt clock should be a permanent fixture in Prince George. It should be installed downtown where it is visible from City Hall and as many provincial and federal office buildings as possible.
How much does it cost to bring this contraption here?
How is it being funded?
How much was spent last year to do this?
How much is being spent this year?
Who is benefitting from having a free summer vacation to carry this thing around?
Maybe a debt clock should be put outside of each bank entrance.
Something like: “We own an average of $xxxxx of our customers’ future earnings. Let us help you enjoy your buying sprees.”
;-)
And we think that city hall or the banks care what the clock is reading?!
Of course, the banks like to see how their business is increasing.
Screw it you only live once, live life to the fullest. Spend as much as you want and do what ever you like. Life is to short to worry about debt.
It is extremely easy to extinguish the debt. 500,000 klingons in the province may not like it but taxpayers would.
If you extinguished the debt, you’d also extinguish an equivalent amount of your overall money supply. Which is already insufficient to fully liquidate all PRICES of goods and services currently ‘on the market’ that are EXPRESSED in ‘money’.
Gus asks some very good questions about the ‘Canadian Taxpayers Federation’. Just who are they, really, and how are they funded?
A ‘balanced Budget’ of the Province (or of the country), can only be achieved currently by UNBALANCING other ‘budgets’ within the Province (or the country). Yours, mine, businesses, municipalities, etc.
Socredible. The big crash that is coming is going to straighten all of this out.
charles, you’ve been talking about a big crash for years. I guess the law of averages means that you’ll eventually be right ;)
I don’t doubt for a moment that one day we’ll have a ‘big crash’, Charles.
It could still be avoided, but not by utilising the ‘financial tools’ we have available in the way governments and central banks have been doing.
What it will “straighten out” is the lingering notions many people still harbour that we can have any real political democracy without having an effective economic democracy too.
For what will come out of this ‘big crash’ will be a totalitarian system of government with a command and control economy no longer capable of responding to individual consumer demand. One where ALL ‘policy’, over virtually everything to do with our daily lives economically, will be fully centralised in ‘administration’ ~ and not one which we’ll choose in any way meaningfully, for our votes, if we’re still allowed them, will be almost as hollow an exercise in democracy as they’re rapidly becoming now.
It could be avoided. But to do so the financial system has to be restored to and maintained in a condition where it can always be fully ‘self-liquidating’ as each recurring cycle of production moves through into final consumption.
The ‘figures’ have to be made to REFLECT the ‘facts’ ~ not take on some phoney life of their own, as is now the case.
It would not be all that difficult to actually do ~ but ‘de-hypnotising’ those who are fixated solely on the ‘figures’ without ever thinking any further as to what they REALLY mean is an enormous, and possibly unsurmountable, challenge.
These so called “debts” are just pieces of paper. Nothing tangible. China can’t foreclose on the US because of their debt. Borrow money to get out of debt? Now there’s an idea. Food, fuel and weapons. Now those are tangible. Not paper IOUs. just look at the Middle East. They’re not quite too focused on debt, are they?
That’s right, Harbinger. The ONLY way the USA can pay the debt it supposedly owes to China is to export goods and services to that amount to China. But when that happens all the Chinese who make or provide those same goods and services are quickly in the same position American workers who used to provide them are now increasingly in ~ unemployed. The kind of international ‘trade’ we’re engaged in increasingly now is in no ways a ‘trade’ that makes much physical sense whatsoever, for any of the countries engaged in it. It enslaves the remaining workforce in the exporting country, while it impoverishes ‘financially’ the workforce in the importing one. It is genuinely a perverse ‘race to the bottom’, as each country tries to further cheapen its processes of production for export, but invariably ends up eliminating the incomes needed to BUY any production, from anywhere, even faster.
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