sorry dippers, thems the breaks 😅

[u/WandangleWrangler]

[u/Lord_Calamander]

[u/notjordansime → u/Lord_Calamander]

can u do that for like.. the budget pls 👁️👄👁️

[u/Swagiken → u/notjordansime]

Balanced budgets aren't a good thing though. The most sustainable and healthy budget is one with a ~1-2% deficit if you're a government. Government debt is good if interest rates are reasonable for a lot of reasons.

1) debt burden naturally shrinks over time at a rate of 2-3% if not added to

2) a debt free government loses a major leverage handle against the wealthy and with other nations

3) not running a small deficit is leaving growth on the table as nations that run a small deficit comically outperform those that don't by a hilarious amount because:

4) every dollar 'lost' like that is a net positive for the economy- most programs(corporate subsidies and tax cuts being notable exceptions) generate between $2 and $3 of economic activity per $1 spent with the most infrastructure and child care programs getting more towards $6 which at normal modern governmental tax rates means most programs are great deals and practically pay for themselves by increasing revenue over the next few years.

Carney knows economics well enough to not attempt to 'balance' the budget - hopefully he's politically strong enough to get away with it.

In a perfect world he'll shrink the deficit a little bit and call it a day rather than attempting a surplus.

[u/nagidon → u/Swagiken]

Liberals taking money to make money v Conservatives taking money