slykethephoxenix@lemmy.ca to Canada@lemmy.ca · 2 days agoCarney's plan to cut tens of billions in spending is tough but doable, experts saywww.cbc.caexternal-linkmessage-square21fedilinkarrow-up135arrow-down11
arrow-up134arrow-down1external-linkCarney's plan to cut tens of billions in spending is tough but doable, experts saywww.cbc.caslykethephoxenix@lemmy.ca to Canada@lemmy.ca · 2 days agomessage-square21fedilink
minus-squarenocklobster@lemmy.worldlinkfedilinkarrow-up3·1 day agoI’m going to sound like a moron asking this, but if the country makes over 2 trillion per year, and we are only spending 4 some-odd billion per year, shouldn’t we be able to get out of debt while staying afloat over time?
minus-squareNouveau_Burnswick@lemmy.worldlinkfedilinkarrow-up1·10 hours agoBecause we tax ~0.44T on our 2.2T GDP. Or about 20%.
I’m going to sound like a moron asking this, but if the country makes over 2 trillion per year, and we are only spending 4 some-odd billion per year, shouldn’t we be able to get out of debt while staying afloat over time?
Because we tax ~0.44T on our 2.2T GDP. Or about 20%.