Xref: utzoo can.general:1037 can.politics:1891
Path: utzoo!utgpu!watmath!julian!uwovax!36_5130
From: 36_5130@uwovax.uwo.ca (Kinch)
Newsgroups: can.general,can.politics
Subject: Re: Debts and Deficits
Message-ID: <991@uwovax.uwo.ca>
Date: 25 Nov 88 11:55:06 GMT
References: <8811240727.AA18395@bloor.csri.toronto.edu>
Lines: 22
Organisation: University of Western Ontario, Canada

In article <8811240727.AA18395@bloor.csri.toronto.edu>, tjhorton@csri.toronto.edu (Tim Horton) writes:
> trivia@watcsc.UUCP (Dave Nuttall) writes:
>>annual deficit of about 30 million ...
> The accumulated deficit at the federal level (alone) should be somewhere in
> the neighborhood of $250 Billion in Canada (growing all the time), consuming
> somewhere between 30% and 35% of the annual budget in debt service costs.
> The largest slices of the remaining pie go to each of health, education, and
> social security sorts of expenditures, in that order.  For instance, UIC
> "contributions" were only covering about half of the 11 Billion dollar UIC
> outlay a few years ago.
> 
> (It's interesting to note that personal income tax accounts for only 44% of
> federal income, whereas sales and excise taxes generate an impressive 21%.)

Well at least this response (of what seemed to be several hundred) had
something other to say than that the original poster was in error. I
mean is it really necessary for every person who reads an inaccurate
statement to post something? Mistakes can happen but I think that only
one person need inform that person of the mistake. Lets save the
bandwidth for CONSTRUCTIVE postings shall we?

Kinch ( the man who does not know when to shutup!  )