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Originally Posted by Migrant_Coconut
And yet governments often cave into pressure and pull a 180 to get their rating back up, and the indexes know they have this influence and often take advantage of it. I'd count that as a "say."
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What other alternative is there for investors? There are two main credit rating agencies. Savvy banks who ignore them could get all of the government's lending business by giving them better rates. Nobody is stopping that.
Quote:
Originally Posted by Migrant_Coconut
The Libs created their "surplus" by letting in money launderers, defunding the public sector and raiding Crown corps; the Dippers created their deficit by pouring money back into a 20-year healthcare/education/infrastructure shortage that'll only pay off decades after they're gone. If that's "irresponsible," then let's get another four years' worth of it after this round.
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That's a pretty biased view. There's a limited amount of money around. Capital spending is one thing, but the NDP is now running a huge operational deficit. Horgan kept a tighter lid on spending. Post-COVID they have lost the plot IMO.
You want all of this spending? Have the balls to increase taxes, or suffer the consequences. You can't have you cake and eat it too. We'll be at Ontario levels of debt per capita soon enough.
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