I Am Skooter : Astonishing Levels of Debt

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I Am Skooter	«12.28.05 . home . 12.28.05»
So here's us, on the raggedy edge. Disposable Dixie-cup drinking / I assassin down the avenue / I'm hiding out in the big city blinking — Wilco, I Am Trying to Break Your Heart

December 28, 2005

Astonishing Levels of Debt

This is just astounding.

The Liberal Party of Canada is carrying more debt than many small nations. One of their campaign slogans — There’s Over 30 Million Reasons to Vote Liberal — takes on new meaning in this light: if they don’t get enough seats elected, how are they ever going to repay this money?

Why, in any event, would any bank — let alone 13 different ones — lend a political party this much money? Politics is a game on which ou place large amounts of risk money: it’s gambling.

Banks aren’t suppose to gamble.

Posted by skooter at 11:16 AM This entry is filed under Politics.