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Russell McOrmond's avatar

I feel an Ick when I agree with the current Reform party that took over the Conservative brand federally, but we should all be calling it a "Sovereign Debt Fund".

To reduce the ick I will point out that I also consider the ongoing operation of the Athabaska Tar Sands to be deficit increasing our debt -- any alleged Industrial activity that can't as a minimum clean after itself because doing so would be "too expensive" isn't an industry, but externalized debt that should be illegal.

https://r.flora.ca/p/fort-chipewyan

UncleMac's avatar

There's a financial maxim which cautions "past performance is not indicative of future results" to warn speculators against being dazzled by spectacular financial gains of the past. Oddly there isn't any similar maxim cauting about shitty performance.

The only difference I can see between the Liberal's past Infrastructure Bank slushfund and the Liberal's current Sovereign Debt slushfund is they're offering us tax slaves the opportunity to throw away our savings in addition to the deficit spending to be money laundered to Liberal friendly firms. What could possibly go right?

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