Ok much wiser folks than I, school me on governmental budgets. The way I understand it is that governments take taxes to fund projects like healthcare, education, infrastructure and then when election time rolls around we see all kinds of other promises for crap all over the place. Personally, I feel the only thing we need as a society (keeping in mind I am from Canada), is healthcare and education for everyone and infrastructure projects that stimulate economic growth. Everything else is just gravy.
What I am seeing more and more and is that the government is funding all kinds of crap at the detriment of the list above. For instance, it is estimated that in Canada we are going to need a HUGE influx of cash to healthcare in the next 20 years just to keep ourselves afloat. That doesn't even cover any additional spending we will need for people living longer and longer lives.
My understanding is that we run deficits pretty regularly. Isn't there going to be a point in the very near future where we will need to pay that outstanding bill in a BIG way? This can't go on forever can it? Is this one of those things that people just put their heads in the sand and pretend it isn't a problem? What am I missing?
Mark
What I am seeing more and more and is that the government is funding all kinds of crap at the detriment of the list above. For instance, it is estimated that in Canada we are going to need a HUGE influx of cash to healthcare in the next 20 years just to keep ourselves afloat. That doesn't even cover any additional spending we will need for people living longer and longer lives.
My understanding is that we run deficits pretty regularly. Isn't there going to be a point in the very near future where we will need to pay that outstanding bill in a BIG way? This can't go on forever can it? Is this one of those things that people just put their heads in the sand and pretend it isn't a problem? What am I missing?
Mark