The fact of the matter is, we have the strongest banking system in the world.
Our government has been in a surplus position up until this year. We should be able to recover to a surplus position shortly, as quickly as the economy recovers. So, we're able to do the kind of stimulus that you see in the United States without deteriorating our debt position in the long-term.
If we start thinking simply nationally, and we start having policies that try and restrict the benefits only within our borders, and try and implement protectionist measures as a consequence, this will not have the effect we need to have on the global economy. And that's ultimately the global economy that's pulling most of us down, particularly countries like Canada, that aren't the source of these current economic troubles.
We're always willing to look at ways NAFTA can work better. But it's a fine line between looking at ways to make it work better and actually starting to open the agreement. I think, if you actually opened the agreement, I think you would get into a negotiation that - that would never terminate.
Part of the reason we're all committed to coordinated stimulus is we want to stimulate the global economy. We're in a global economy, not just our national economies.p
If you want to diminish the number of abortions, you've got to change hearts and not laws.
Everybody makes money when times are good. It's when times are not so good that the groundwork is laid for the next generation.
It's not sufficient in the internet age to communicate through the media; you have to be able to do it on the ground, door by door, coffee shop by coffee shop, shop floor by shop floor. You really have to do that as well.
I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it.
The media is tremendously important for all governments that are able to communicate through the it. It doesn't mean there is a balance of editorial opinion that favors what you are doing or that the opposition doesn't have its voice, but you have to be able to effectively communicate your story through the media.
I do think that all economies need a sense of fiscal discipline especially over the midterm and if you are in the middle of a debt crisis you can't borrow your way out of a debt crisis. That's logically impossible.
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