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The Debt: An Economic Catastrophe

Few national economic issues have generated the same kind of concern as has the federal debt problem of Canada. There is a pressing need for long-term policies to lift Canada out of the national debt hole it is in. Eliminating the debt will not only free up money being spent on interest and reduce taxes, but make Canada a more feasible place for future generations to ....

Middle of Paper
.... taxes are already at a point where some people feel they are working merely to pay the government, rather than support themselves. Second, a restraint on government spending by means of cutbacks may be a path, possibly a difficult one, to the road of eliminating our federal debt. Either way, it will be the young citizens of Canada that will have to pay for previous government overspending. “Our national debt, after all, is an internal debt, owed not ....

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