Mike's Daily Comment

The World Health Organization Special Envoy for COVID-19, Dr. David Nabarro, just stated that the WHO doesn’t support lockdowns as the primary tool to fight COVID-19. (Photo: Reuters)

I know people love getting a freebie from government but before we borrowed even more money – isn’t it past time we started making sure the recipients were hurt by the pandemic?

The fact that Justin Trudeau, Joe Biden, Boris Johnson, Chrystia Freeland have all used precisely the same slogan – “Build, Back, Better” – begs some serious questions.

Sounds good – and it justifies the one size fits all government programs but the reality is – that’s not the case. Some people and businesses have suffered far more while others don’t need the help.

Is the Debt Sustainable
Posted by Michael Campbell
on Wednesday, 14 October 2020 6:18
Maybe. The former Head of the Bank of Canada, Stephen Poloz, says it depends on what the borrowed money’s spent on. Hint: sending cheques to just about everyone won’t do it.