3570 Posts in 1742 Topics - by 324953 Members - Latest Member: LyleSancho


Author Topic: The national debt is approaching...  (Read 546 times)

andrew320

  • Newbie
  • *
  • Posts: 30
  • Karma: +0/-0
    • View Profile
The national debt is approaching...
« on: November 19, 2012, 03:13:47 PM »
Canada's national debt is approaching $600 billion.  It increases $2,000 every second and should hit the $600 billion mark sometime in January (I haven't actually calculated).  We're are insolvent and nine percent of our debt is financed by the Chinese.

With a budget deficit that won't be balanced for quite some time and the debt will not be paid off, what should we do?

admin

  • Administrator
  • Newbie
  • *****
  • Posts: 42
  • Karma: +2/-1
    • View Profile
Re: The national debt is approaching...
« Reply #1 on: November 19, 2012, 06:38:27 PM »
I think our government should look to Iceland for example. Stop pushing money to save financial sector which would save a lot of government funding. Their financial fallout was severe but they are recovering really quickly now and have bright outlook ahead of them. I can never understand how millions of bonuses are awarded to CEOs whose  companies performed very poorly. If you managed your company so bad why are you getting these bonuses? And these bonuses are largely financed with our tax money. 

python01

  • Administrator
  • Newbie
  • *****
  • Posts: 19
  • Karma: +1/-1
    • View Profile
Re: The national debt is approaching...
« Reply #2 on: October 15, 2015, 01:58:40 PM »
Well people, get Liberals into government and the debt will be much higher.
Do we really want to do that?

www.canadiandiscussion.com

Re: The national debt is approaching...
« Reply #2 on: October 15, 2015, 01:58:40 PM »