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Message: Canadian Economy

Canadian Economy

posted on Jan 21, 2009 01:56PM

A site I was on today with stats on Canadian economy -it might be of interest to some. I was particularly interested with the question, if the Conservative government is going to engage in spending 46 to 100 billion, what would the overal debt be?

http://ca.news.finance.yahoo.com/s/2...

http://www.canadianeconomy.gc.ca/Eng...

If my math is right, then Canadian national debt (457.6 billion) is currently at about $14,480 per capita (31.6 million people).

Assuming the national debt clock site is correct (which may not be a safe assumption because I heard a figure of 5.8 trillion recently, instead of 10.6) then the U.S. national debt looks like this:

The estimated population of the United States is 305,503,602
so each citizen's share of this debt is $34,796.63.

The National Debt has continued to increase an average of
$3.37 billion per day since September 28, 2007!

http://www.brillig.com/debt_clock/

When I look at it from a responsibility side, I wish our government (Canadian) wasn't making big plans to spend. We might not owe as much as the U.S., but we're certainly not saints.

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