Government aid? No thank you. It can be a dangerous precedent to assume everyone wants or needs government assistance to get through this pandemic, CTV News' Chief Financial Commentator Pattie Lovett-Reid writes.
Based on the messages I get I see frustration mounting as the government deficit inches closer toward a whopping $260B with no end in sight until possibly a vaccine is found. The day of reckoning will come when the government books have to be balanced and the fear is everyone will pay.
There is a feeling of pride associated with managing your way through a difficult financial situation. However, clearly there are many who have been financially crushed due to the pandemic especially in the service sectors and self-employment. However, we also likely know someone who has continued to spend and rack up debt because they could when they had a job and took advantage of the low interest rate environment at the expense of their own balance sheet and now are looking for help.
"Who is going to pay for all the incentive money the government is throwing at people. Are my taxes going to go to 60%? Is the middle/upper class going to get punished?
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Young U.S. conservatives push for post-pandemic environmentalismGroup wants low- and zero-emissions technology integrated into transportation infrastructure
Read more »
Germany takes EU reins to steer virus-battered economy towards green recoveryEnvironment minister wants Europe to become first greenhouse gas-neutral continent by 2050
Read more »
Now that everyone is home, work and home life is blurred like never beforeWith greater parts of the population now working from home, the work-life boundaries seem to be blurring, writes Adam Bisby
Read more »
Vancouver Canucks F Reid Boucher signs with KHL club - TSN.caVancouver Canucks forward Reid Boucher is heading to the KHL. The 26-year-old, who was scheduled to become a restricted free agent after this season, has signed a one-year contract with Avangard Omsk for next season.
Read more »
MLB moves to impose season on players as senseless impasse nears end - Sportsnet.caBaseball is now facing a difficult sprint to attempt this afflicted season, in the face of a relentless pathogen, after a bitter negotiation that’s left everyone a little tart. Hard to imagine a more disheartening “Play Ball” cry, writes ShiDavidi.
Read more »