How is this capitalist? Well it isn’t. There’s hardly any capitalism in Quebec. It’s all government.
Liberal-left, progressive GOVERNMENT DID THIS:
Successive socialist and progressive government (currently Liberal) have run Quebec into the economic ground, and they continue to dig deeper. It now has way over a quarter TRILLION dollars in debt, which represents very close to 100% of its entire Gross Domestic Product — an absolutely abysmal situation. And it receives “equalization” payments and other unequal attention both fiscally, through federal government hand-outs and entitlements both corporate and personal, and in every other which way — from the rest of Canada, with no end in sight. And if one dares to responsibly curtail their abysmal, destructive ways, all hell breaks loose amongst the perma-protesting left-wing “artists” who so often sound like communists to me, and other leftists and in their liberal-left media.
Quebec among most highly indebted industrial economies in the world
Red ink accounts for 94 per cent of GDP, provincial report saysMontreal — The Canadian Press
Published on Saturday, Feb. 27, 2010 6:32PM EST
Last updated on Saturday, Feb. 27, 2010 6:59PM ESTAn analysis by the Quebec Ministry of Finance suggests the province has one of the most heavily indebted economies in the industrialized world.
The 44-page document calculates the province’s total debt as 94 per cent of GDP, employing methods used by the Organization of Economic Co-operation and Development.
[…]
Quebec ranks only below Japan, Italy, Greece and Iceland in terms of public debt as a percentage of GDP.
The report calculates public debt across Canada as 69.7 per cent of the country’s GDP.
The report puts Quebec’s total public debt at $285.6-billion.
What a mess. Vote liberal or even further left. Get more of this. Spread and redistribute this wealth. Bonjour.
Hat tip to John Y.
PTBC was founded by Mr. Johannesen in 2000.
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