Let your voice be heard and Vote
Let your voice be heard and Vote
I contend that for a nation to try and tax itself into prosperity, is like a man standing in a bucket and trying to lift himself up by the handle.
Winston Churchill (1874 – 1965)
A government which robs Peter to pay Paul, can always depend on the support of Paul
Will Rogers (1879- 1935)
This may be one of the most important Canadian Federal Elections for our citizens to get out and let their voices be heard. By not voting , do you not become part of the problem? I believe so. I understand that some feel there is no use because the election in most years is decided in Ontario and Quebec even before our western votes are counted, but there may be a different scenario unfolding in this Federal Election as there appears to be as much unrest in Ontario and Quebec as in other parts of Canada.
If you have been watching at all, you will have seen on the campaign trail in Ontario a much different turn of events. Very vocal groups in Ontario, specifically, Bolton, Sudbury, London, Cobourg, Newmarket as well as Quebec and more seem to indicate that voters are unhappy about many things. I know the unrest is said to be “anti-vaxxer mobs,” which very well may be, although there seems to be many more than just that group who are wanting to see some meaningful change.
I am not writing this to advocate any one party, it is more to say that if you are unhappy with what you see happening in in our country, you can make your voice heard and if you are happy with everything then you can also make that known by voting. People in some countries are not given the right to vote for many reasons or are too scared to let their voice be heard so here in Canada we are fortunate to have that right.
There are many things that I personally and concerned about. I am concerned about the incredible amount of debt Canada has and how, if at all, that can be brought under control so that one day we may be able to balance the budget in some way. My wife and I are at the age and place in life where maybe this will not affect us as much as our children, but I am incredibly concerned about people living on a shoestring and how they can handle the inflation that is overtaking us. Our children and grandchildren I very much worry about because it will be them that are faced with this mountain of debt and with the ramifications and responsibility to find a path to get it under control.
As of June 30, 2021, $22.3 trillion of the $28.5 trillion in outstanding Canadian debt was held by the public (including the Federal Reserve); $6.2 trillion was held by government accounts.
The Federal government paid $24.4 billion in interest expense for the fiscal year ending March 31, 2020 (pre-pandemoic) at historically low interest rates! As of last month, that has increased to $27.37500 billion annually and rising! The Canadian government is borrowing 500 million dollars a day. Without any increases to our debt, it will take till 2070 to pay it off but realistically, that is not going to happen. Just let that sink in! The reality is that we all own a proportionate share of that, each one of us living in Canada, and it will escalate quickly once interest rates start to rise!! I am also concerned about the ability of our seniors to keep up with this mounting inflation.
If you are printing money to pay your interest debt, which we are, you are in big TROUBLE. That is like using one credit card to make the minimum payment on another credit card, which for obvious reasons you are not allowed to do. Hence the incredible rise in inflation that I will highlight below.
I also believe that we need some reform in our government by whoever is elected next so certain things cannot be allowed to happen. I don’t think it’s right for taxpayers’ dollars to be used to prop up businesses such as the airlines or media outlets and that it should be the same as it is for any private business, you either sink or you swim and if you need continual bailouts something is wrong. In the business world that means you aren’t running your business well enough to survive. Canadian taxpayers have enough on their plate trying to put a roof over their family’s head, food on the table and save for retirement and the last thing in my opinion we need to be doing is bailing out top-heavy conglomerates and that needs to end regardless of which party takes over. You only need to look at what the airline industry and stock markets has done with the bail out money that they’ve received and the media companies as well to realize that the money is not well spent. When you have large bonuses being paid out to executives at the same time the company is getting bailouts from the government something is wrong. If you look at the media, who according to Blacklock’s, the Federal government has given $60 million of your taxpayer dollars to publishers ahead of this 2021 election, this is after the last $600 million media bailout fund which just further entrenches dependency on the government. The elephant of government media control is obviously the CBC, with an annual bill to taxpayers well in excess of $1 billion. (which still isn’t enough as they keep begging for more taxpayer dollars). And of course, there have been various other ‘small’ bailouts to ‘help’ publishers, ‘helping’ in this case meaning making them subservient to the government. If you’ve ever wondered what happened to impartial journalism, this just may be the reason.
Inflation in Canada in 2021 has been skyrocketing as I am sure you have noticed if you have bought anything at all this year. The inflation rates in Canada in 2021 have been, Jan 1.0%, Feb 1.1%, March 2.2%, April 3.4%, May 3.6%, June 3.1%, July 3.7%, and Aug 4.1%.
Anything over 2% is a big problem and whoever gets to form the next government, in my opinion really needs to have a plan to address inflation and how to get it under control, how to balance the budget and start paying down our debt without borrowing to pay the interest. This is not only basic fiscal responsibility but also basic for Canadians to expect from their government. Let’s face it, Canada is broke and whoever forms the next government needs to realize this and not throw YOUR money around to secure your vote and their own lucrative pensions.
I hope you will consider some of this when you vote as your future depends on it, so get out there and let your voice be heard.
Brian McCullough, RE/MAX of Nanaimo
#1-5140 Metral Drive
Nanaimo, BC V9T 2K8
Office: (250) -751 – 1223