Cost of the G8\/G20 summits? \u00a0$1.2 Billion<\/p>\n
Outcome of G8\/G20 summits? \u00a07 of the 8 G8 nations are cutting their deficit by 50% and cutting their debt to GDP ratio. \u00a0i.e. they are cutting spending by billions upon billions over the next few years. \u00a0It’s as simple as that.<\/p>\n
My message to those who criticize the cost of the event is this. \u00a0It was a massive world stage with over 80% of the world’s population represented including hundreds if not thousands of reporters who will go home and tell their populations that spending is getting cut. \u00a0This means that the commitment to cut spending was, in essence, \u00a0made in front of over 4 billion people on the planet. \u00a0This creates a massive pressure on the leaders to meet that commitment.<\/p>\n
And cutting spending is a conservative trait<\/strong>.<\/p>\n Think of the billions that will not be spent now that this commitment is made. \u00a0PM Stephen Harper may be criticized for the event cost. \u00a0His government might get raked over the coals. \u00a0But as a fiscal conservative I am ecstatic at what the long term benefit of these summits is.<\/p>\n An ounce of prevention is worth a pound of cure.<\/p>\n","protected":false},"excerpt":{"rendered":" Cost of the G8\/G20 summits? \u00a0$1.2 Billion Outcome of G8\/G20 summits? \u00a07 of the 8 G8 nations are cutting their deficit by 50% and cutting their debt to GDP ratio. \u00a0i.e. they are cutting spending by billions upon billions over the next few years. \u00a0It’s as simple as that. My message to those who criticize […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[33,53],"tags":[],"class_list":["post-1551","post","type-post","status-publish","format-standard","hentry","category-money","category-politics-international"],"_links":{"self":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/1551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1551"}],"version-history":[{"count":0,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/1551\/revisions"}],"wp:attachment":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}