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Steve O

Joined: 02 Nov 2010
Posts: 23
Reputation: 66.5

PostPosted: Thu Oct 01, 2015 5:56 pm    Post subject: Canadian National Debt Reply with quote

I am wondering if anyone knows what the National Debt is right now? I also wonder how it was affected by ALL GOVERNMENTS starting with PET in 1967. What was it before he came into power. How much did each successive government add to it? Just wondering....Steve O

Joined: 04 Oct 2006
Posts: 8049
Reputation: 320.9Reputation: 320.9
votes: 21
Location: The World

PostPosted: Fri Oct 02, 2015 9:01 am    Post subject: Reply with quote

This is a somewhat useful tool as it adjusts for inflation;

However its also worth considering this:

Interest carried forward on debt accumulated prior to the interest rates going crazy in the 80s was subjected to higher interest that many of the recent PMs have had to carry on debt recently,

As I recall some of the deficits in the 1980's carried nearly 20 cents of interest for every dollar inbound.

There is also the economy which is worth noting:

Deficit spending in a recession vs economic boon

Joined: 29 Oct 2006
Posts: 2463
Reputation: 131.2
votes: 8
Location: Southwestern Ontario

PostPosted: Sat Oct 03, 2015 10:57 am    Post subject: Reply with quote

Keynesian economics have never worked. It doesn't take human nature into account.

I love the Austrian school - government get the hell out of the way and then see what happens.

Your link shows CBC showing a 14 billion dollar deficit for 2014. There was only a 5.9 billion deficit.

This link shows the up to date numbers.

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Canadian National Debt

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