- ........who contributes more. It certainly isn't politicians, bureaucrats, civil servants.
- See the U.S. economy. See the U.S. debt. See Americans wish they were in Canada
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Canada's national debt at the moment is $481 billion and change, or $14,377 per person.
The U.S. debt is $11.7 trillion, or $38,247 per person.
According to today's estimate from the White House, the U.S. total could reach $20 trillion in 10 years, which would be roughly $65,000 per American at today's population, though by then there will obviously be more Americans to spread it around.
In Canada, TD Bank estimates the debt will reach $630 billion in five years, when the federal deficit may or may not be eliminated, depending on who's doing the forecasting. Divided by today's population, which, again, is not a very good measure, that would be about $19,000 per person.
An Internet Fisherman who uses barbless hooks and this one dimensional world as a way of releasing the frustrations of daily life. This is my pond. You are welcome only if you are civil and contribute something to the ambiance. I reserve the right to ignore/publish/reject anon comments.
The interesting thing to note, is that the majority of all that debt, US, or Canadian, was accumulated during right wing governments.
ReplyDeleteThat's what the FACTS show.
Interesting what you find out when you cut through idiot blogger's blind rhetoric and read the truth.