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http://rabble.ca/blogs/bloggers/views-expressed/2019/04/governments-borrowed-interest-free-bank-canada-now-incur Thinly sourced (Crowell was a professor of social ethics in the religious studies dept at UWindsor), but it does seem like counter-cyclical spending and inflationary economics were the order of the day in the 70s. Considering "debt servicing" is the conservative shriek about why our taxes are so high, you'd think they'd be all over a model like this. quote:The construction of the Trans-Canada Highway, the St. Lawrence Seaway, modern airports and seaports, and other essential parts of Canada's infrastructure were all accomplished with Bank of Canada loans. And because they were essentially interest-free, they caused only a small increase in the government's debt. Corporate welfare and market-knows-best economics are what has given us the vibrant, egalitarian economy we now find ourselves in, with flawless public services, no rentseeking, and top-tier healthcare. quote:It's interesting that the provisions in the Bank of Canada Act that originally authorized the Bank to fund public projects have never been deleted from the Act. The Bank could therefore resume that advantageous operation any time a federal government directed or permitted it to do so. Gotta keep inflation down, otherwise our wages will be worth progressively less as time goes on. And then we wouldn't be able to afford housing without huge mortgages! Seat Safety Switch fucked around with this message at 18:42 on Apr 28, 2019 |
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Apr 28, 2019 18:34
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As much as I hate the Greens, this has basically been the NDP's desperate marketing strategy for the last 10 years.
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Apr 28, 2019 18:41
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supersnowman posted:I wonder what the actual market value of that house is now that it got flooded twice in such small amount of time. Pretty low considering they probably will no longer qualify for flood insurance and insuring the property will be very difficult. Whatever it was bought for is irrelevant now.
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Apr 28, 2019 20:22
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Seat Safety Switch posted:http://rabble.ca/blogs/bloggers/views-expressed/2019/04/governments-borrowed-interest-free-bank-canada-now-incur Thanks for posting. I was not aware we were doing this too. I’ve heard of the DSA’s efforts in LA putting a question on the ballot about creating an LA public bank. If these numbers are as huge as claimed in the article the NDP should be screaming about it to the high heavens.
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Apr 28, 2019 20:57
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This is a nice page
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Apr 28, 2019 23:28
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littleorv posted:This is a nice page I was going to ruin your post with that picture from Macleans of all the Conservative guys titled "The Resistance" but I cant find it.
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Apr 28, 2019 23:34
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Furnaceface posted:I was going to ruin your post with that picture from Macleans of all the Conservative guys titled "The Resistance" but I cant find it. It's a good picture as long as it's this version 
less than three fucked around with this message at 00:11 on Apr 29, 2019 |
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Apr 29, 2019 00:07
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The Freudian relationship with their moms squad
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Apr 29, 2019 00:11
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What's a good area for owning a house in Ottawa long term? I'm slightly biased for a normal house and not a town/rowhouse or a condo looking thing. Or is this the wrong thread? I'm worried if I ask in the Housing megathread people will yell at me. 
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Apr 29, 2019 00:20
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hello good gentleman, here is a personal lifestyle question with a massive range of answers and basically no information to go on posted in a politics thread for some reason
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Apr 29, 2019 00:29
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Raenir Salazar posted:What's a good area for owning a house in Ottawa long term? Rockcliffe Park. Rich people live there so house prices won't be affected by economic downturns and as the name implies it's on a rock cliff (I don't actually know if this is true, but it sounds true) so should be safe from flooding and it's close to downtown while still being separate enough so you won't have poor people coming around.
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Apr 29, 2019 00:34
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Raenir Salazar posted:What's a good area for owning a house in Ottawa long term? We do have an Ottawa thread you can ask
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Apr 29, 2019 00:36
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Raenir Salazar posted:What's a good area for owning a house in Ottawa long term? Try asking here. Basically it depends on what street you live on. You have nice houses next to Grover Houses and upscale neighbourhoods are flanked by drug dens. EDIT ^What he said.
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Apr 29, 2019 00:52
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Thanks! And no I'm not rich. I figure in 2 years though I could probably afford a down payment/mortgage for a 500k house.
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Apr 29, 2019 01:03
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Canada has a Nazi problem? You don't say? Snark aside, this paints a fairly stark picture and I guess it's nice to not feel like I'm being gaslit about this issue when mainstream news finally picks up on this poo poo. https://twitter.com/globepolitics/status/1122114175210270721 e: Don't remember if this was posted already.
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Apr 29, 2019 01:47
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 This is a normal, unaltered page 89. Please do not draw attention to it. I finally got a Viola Desmond $10 in my change this week so they are out there!
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Apr 29, 2019 02:21
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Yellow Ant posted:
How are they just getting to you? I’ve been making vertical wallet jokes for months now.
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Apr 29, 2019 02:52
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I think it's been months maybe even a year since I've seen or touched hard currency.
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Apr 29, 2019 03:04
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Yellow Ant posted:
Nic.... OOp nevermind.
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Apr 29, 2019 03:04
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Trudeau could guarantee himself another majority government tonight by pledging to execute the CEO of Bell Media and anyone involved with CraveTV. Can't even get the stream to stop dying on a drat replay of the episode that already aired.
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Apr 29, 2019 05:00
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Why not up? Just launch that poo poo into space.
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Apr 29, 2019 05:26
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Google Assistant suggested this Toronto Star hopeful fluff opinion piece on how Rachel Notley's mandate would not be so easily undone. It's very optimistic, and for a moment, I found myself believing that things might not be so bad. Then I remembered that nearly everything Robin Sears says couldn't possibly happen in Alberta has been done or undone in Ontario by Dougie. 
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Apr 29, 2019 05:42
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So flooding continues to get worse along the Ottawa River. Yesterday my mom was baking pancakes all morning for the relief crews and people flooded out of their homes and my dad was helping coordinate traffic with the army and the fire departments coming down from Timmins and Sudbury to help with sandbagging. A pair of hundred year floods two years apart. I can sympathize with people who will lose their houses over this but at the same time I can't help but think if anyone had learned anything from the 2017 flooding it wouldn't be nearly as bad a disaster as it is turning into.
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Apr 29, 2019 07:27
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Its hard to deal with floods. Love the red river basin.
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Apr 29, 2019 13:07
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Baronjutter posted:I think it's been months maybe even a year since I've seen or touched hard currency. Are you one of those people who think Canada Post is unnecessary because you don't think you use it?
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Apr 29, 2019 13:38
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Arcsquad12 posted:So flooding continues to get worse along the Ottawa River. Yesterday my mom was baking pancakes all morning for the relief crews and people flooded out of their homes and my dad was helping coordinate traffic with the army and the fire departments coming down from Timmins and Sudbury to help with sandbagging. The problem is if you don't have a lot of money it can be hard to find the time or the will to do future planning on mitigation.
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Apr 29, 2019 13:38
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Raenir Salazar posted:Thanks! And no I'm not rich. I figure in 2 years though I could probably afford a down payment/mortgage for a 500k house. What is a $500k house? Is Ottawa so economically depressed that this is a thing that exists? Madness.
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Apr 29, 2019 14:59
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Nepean: "Technically, in Ottawa"
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Apr 29, 2019 15:13
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Smith Falls: We have weed now!
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Apr 29, 2019 15:14
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infernal machines posted:What is a $500k house? Is Ottawa so economically depressed that this is a thing that exists? You could probably buy a couple of waterfront houses for that right now. e; also for levee guy, their wall/berm didn't work, the water got too high and the neighbours didn't have a wall so they're at nature's mercy again Postess with the Mostest fucked around with this message at 15:19 on Apr 29, 2019 |
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Apr 29, 2019 15:17
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Postess with the Mostest posted:You could probably buy a couple of waterfront houses for that right now. Sucks for that neighbour. Is it possible to build a multi story house where the lower floor is simply to raise the house 8-10 feet with a solid concrete foundation, perhaps use it as a garage? Now that these hundred year events are bi/tri-annual maybe we should start either moving people out or building properties that can withstand the lower floor flooding. Maybe this is just a bad idea idk. Risky Bisquick fucked around with this message at 15:30 on Apr 29, 2019 |
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Apr 29, 2019 15:25
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Risky Bisquick posted:Sucks for that neighbour. Could do like Sacramento in the late 1800s and just raise the whole damned town.
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Apr 29, 2019 15:30
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Risky Bisquick posted:Sucks for that neighbour. Solid concrete would be a nightmare but a guy on that row recently built a place that's on 10-12ft high concrete cylinders. There was chatter that he was overdoing it a bit but haven't heard much of that lately.
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Apr 29, 2019 15:45
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Risky Bisquick posted:Sucks for that neighbour. roads would be flooded and damaged from uplift or sink into the muddy ground and everything we take for granted at street level would need to be rebuilt. Like transformers, drains, signs, pump stations, power lines all that would be flooded and water damaged. I would probably just leave and say its not worth it to rebuild, Canada is a big place.
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Apr 29, 2019 15:47
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Risky Bisquick posted:Sucks for that neighbour. One person is talking about raising the house, putting massive styrofoam blocks under and mounting the house to vertical rods so it can go up and down like a floating dock, apparently that is a thing.
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Apr 29, 2019 15:53
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Do you kids like indoor plumbing? Because it turns out having an entire river running through your sewer has some negative effects on the toilets and whatnot
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Apr 29, 2019 15:54
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infernal machines posted:What is a $500k house? Is Ottawa so economically depressed that this is a thing that exists? Well, 100k to 300k houses seem like row/town houses or condos, so I'm setting my search filters to 500k max to get legitimate looking houses. But yeah most are ugly, and yeah housing prices seem fine at a glance; though I'm looking at places that were kinda far from downtown.
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Apr 29, 2019 15:56
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Postess with the Mostest posted:One person is talking about raising the house, putting massive styrofoam blocks under and mounting the house to vertical rods so it can go up and down like a floating dock, apparently that is a thing. Yeah dude I saw that stuff after those US hurricanes they have hydraulic jacks that lift their place like 5-6ft in a couple minutes. I wonder about how this incorporates utilities? Weird Seems like a rich person problem though, probably would be smarter to just up and leave
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Apr 29, 2019 16:32
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infernal machines posted:What is a $500k house? Is Ottawa so economically depressed that this is a thing that exists? Renting seems hosed from what I've heard / seen. Might just be awful at looking, but can hardly find anything sub 1k that isn't like some person renting out a room in their basement or located terribly.
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Apr 29, 2019 16:59
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If you can't find vacancies make your own: Go on airbnb, find a place you like in an apartment building, and then call up the super and offer him 5% over whatever the incumbent is paying to actually loving live there.
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Apr 29, 2019 17:03
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