You want your children to pay for your mistakes.
"Moody’s credit rating agency changed Ontario’s debt rating Wednesday to negative from stable, citing concerns about the province’s ability to eliminate a $12.5 billion deficit by 2017-18 as scheduled."
And when you're a real conservative you do what you can to cut your losses. Yard sale this weekend, auction on the July 26, and we are out of this hole and westbound on August 29.
ReplyDeleteMe and the Missus are staying put but we have several "strategies" in place to see us through. ;)
DeleteIt is no coincidence that every (and I mean that) tradesman we know prefers working for cash. Meat, eggs, milk, fruit, vegetables - everybody I know buys as much as they can right from the producer.
They have never figured those inevitable consequences out, Saul. Not only do they miss out on taxing the undeclared income, but the HST isn't collected either. They respond by trying to clamp down and by dreaming up new tax schemes - which provokes even more tax evasion.
DeleteI don't know much about debt and financing except that I think it is a lot like car insurance. A guy who is a bad risk pays a lot more than a low risk guy. And when it comes to lending I don't think that changes if the bad risk is a government or just an ordinary guy. The funny thing is, the ordinary guy sooner or later figures it out that his insurance costs are killing him so he changes his behaviour to get lower rates. How come he doesn't think like that when it comes to his taxes and government debt?
ReplyDeletePsssssssst Saul....don't forget to check out thrift shops for just about anything at bargain prices (although used)....no tax of any sort.
ReplyDeleteTime to go underground me thinks!