Tuesday, October 25, 2005
What is the Deficit/Debt reduction plan?
Dear elected officials
I was wondering what the plan to lower our $12,000,000,000 Billion Debt with a $492,000,000 million deficit is?
http://www.budget.gov.nl.ca/budget2005/highlights.htm
Maybe you need one of those clocks like they had for Canada highlighting the debt/deficit and how we are being dragged down by it. It could just be on the government web site to get publicity about it. Also an analogy so that people can better understand in relation to their own lives would help gain understanding IMHO. Not many people have an understanding as to how much money $492 million really is and how much it accumulates interest.
Even if the deficit/debt could be put into check would be a start.
I definately wouldn't agree to putting all of the money from the Atlantic accord towards the debt unless it can be shown to be in the best interest in the long term. IE: 492 million now could be recouped in interest in 30-300 years? There are much more value added ways to use that money at this point in time.
By showing and putting more in the media what our deficit/debt is, the support of the people to help make ends meet could be ellicited.
Maybe putting all of the equalization payments towards the deficit/debt could be an option?
But I definately think the issue has to brought to the forefront and addressed. With a long term solution put into place.
Sincerely
Update:
Mid term budget update.
http://www.fin.gov.nl.ca/fin/PUBL/midyear/midyearupdate.pdf
I was wondering what the plan to lower our $12,000,000,000 Billion Debt with a $492,000,000 million deficit is?
http://www.budget.gov.nl.ca/budget2005/highlights.htm
Maybe you need one of those clocks like they had for Canada highlighting the debt/deficit and how we are being dragged down by it. It could just be on the government web site to get publicity about it. Also an analogy so that people can better understand in relation to their own lives would help gain understanding IMHO. Not many people have an understanding as to how much money $492 million really is and how much it accumulates interest.
Even if the deficit/debt could be put into check would be a start.
I definately wouldn't agree to putting all of the money from the Atlantic accord towards the debt unless it can be shown to be in the best interest in the long term. IE: 492 million now could be recouped in interest in 30-300 years? There are much more value added ways to use that money at this point in time.
By showing and putting more in the media what our deficit/debt is, the support of the people to help make ends meet could be ellicited.
Maybe putting all of the equalization payments towards the deficit/debt could be an option?
But I definately think the issue has to brought to the forefront and addressed. With a long term solution put into place.
Sincerely
Update:
Mid term budget update.
http://www.fin.gov.nl.ca/fin/PUBL/midyear/midyearupdate.pdf
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