G20 countries to half deficits by 2013 - Macleans.ca

G20 countries to half deficits by 2013

Leaders commit to sustained growth, ease off stimulus spending


Over the weekend in Toronto, leaders of the wealthiest G20 countries said they would cut their government deficits in half by 2013, and “stabilize” debt loads by 2016. The move suggests that governments are focusing now on tackling growing deficits and debts following stimulus spending during the recession. The closing statements from the U.S. and European countries showed two different visions of economic recovery—the U.S. was cautious about cutting stimulus spending while Europe was wary of unsustainable debt loads. A “combo deal” that was growth friendly, was reached. However, there was little focus on developing countries and China’s currency wasn’t specifically mentioned.

Wall Street Journal

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G20 countries to half deficits by 2013

    • I feel so much better now.

  1. 1 – Do you ever wonder why politicians and government officials have this big phony smile on their faces, all the time?

    Blah, blah, blah, spin, spin, spin…we just paid over 1 billion dollars for a bunch of smiling, loud mouth blowhards, police, government officials, politicians… to wine and dine, eat like Kings and pretend that something important was accomplished. Of course the mainstream media played right along with it as usual. What a joke. Governments don't fix things, they don't correct things, wake up people. They create the problems to begin with. This justifies more meetings, more hiring's in government, more government departments, more empire building…”but don't worry folks, we've got it all covered, we are taking care of things, we are having meetings, we are consulting…” blah, blah, blah, spin, spin, spin, same old, same old. One big expensive joke on us, the poor taxpayers. Liberal, Tory same old story, both bankrupting the country. Liberal, Tory same old story, both a disgrace to our proud English speaking history, our UEL history, and our once healthy economy, both clueless…

  2. 2 – Seriously, think about it for a minute. We now have over 3.5 million people working for government across the country. Just sickening! Average salary in government is about 70 thousand yearly and rising. Average salary in the private sector is around 45 thousand yearly and dropping. Over 10% of government employees now make over 100 thousand yearly. In the private sector the number is under 2%. Nice eh? Look to Greece and Quebec, this is where Canada is headed if we don't stop equalization and get spending and government growth under control. This tax and spend, union, socialist, big government, social engineering that has been destroying this country has got to stop. Yes, it has left Quebec and has been spreading throughout the rest of the country since the 1970”s. Thanks Trudeau, Tanks kebec…

  3. 3 – The Liberals and Conservatives have spent the last few decades destroying Ontario and Canada's economy, its English speaking history and culture, not to mention the racism, bigotry, ethnic language cleansing and human rights violations going on in Quebec, a la bills 22, 178, 101…What are they really up to? “First Quebec, then we take over the rest of the country, one step at a time…through bilingualism…” PT, “How to take over a country through bilingualism…” SD. That's what's really going on. Wake up, people! High taxes, HST, high government salaries, social engineering – expensive forced bilingual and multicultural policies (only outside Quebec of course), unions controlling just about everything, new programs and more government departments yearly, more government empire building, the size and growth of government is out of control…

  4. 4 – Honestly, when was the last time you heard of a politician talk about downsizing government, eliminating waste, a hiring freeze, eliminating debt, cutting back on things…???

    Now do you see why politicians and government officials have this big phony smile on their faces, all the time? They are laughing at us, all the way to the bank, nice eh?

    Liberal, Tory same old story, all spin, lies, propaganda, and more spin…just sick. Poor Canada, what a mess! We do need a new party and new leaders NOW.

  5. we're nearing a trillion in debt (if not more) and Maclean's expects its readers to believe they can cut it in half in just 2.5 years???