Canada's Debt Tops $1,000,000,000

[errolanderson]

The government spending spree continues at a time Canada struggles to get their key energy resources to market . . . .

http://www.cbc.ca/news/politics/federal-market-debt-1.4590441

[bucket]

1,000,000,000,000. is one trillion.

But there are enough zeroes in Ottawa already.

[furrowtickler]

And JT continues to give money away overseas

[errolanderson]

1,000,000,000,000. is one trillion.

But there are enough zeroes in Ottawa already.

Thanks bucket . . . I don't have enough 000's . . . but obvious the government tax grab is on at a time Canada can't get their key resources to market . . .

[Horse]

Not sure of my math but doesn't that equal app $30,000/man woman and child in Canada.
So how much do you owe in total debt,I believe that is personal and gov debt.
When you average it out its not so scary as it sounds with the total number.

[Oliver88]

Budgets don't seem to be balancing themselves apparently.

Trudeau's main goal now is to have gender neutral debt. 🙈

[foragefarmer]

Paul Martin was getting a handle on the debt, but Agrivillers wanted to bring in their Reform/Alliance/Conservative Closet Boy who ran up the debt by $150 billion.


Not to mention Ritz Cracker gutting all Ag programs and not having any idea of how things would be handle after post CWB days, hence poor rail movement of grain by railways and grain companies

So now we have them all whining away about Trudeau, when they couldn't even realize someone in power was doing exactly what their so called fiscally responsible Harpro didn't have a clue about.

You all got what you deserve!

[macdon02]

What's the cost of servicing a trillion at 10%? I thought that was a minority govt in 08 and the libs and ndp insisted on stimulus? I could be wrong that was too long ago .....

[sumdumguy]

Paul Martin was getting a handle on the debt, but Agrivillers wanted to bring in their Reform/Alliance/Conservative Closet Boy who ran up the debt by $150 billion.


Not to mention Ritz Cracker gutting all Ag programs and not having any idea of how things would be handle after post CWB days, hence poor rail movement of grain by railways and grain companies

So now we have them all whining away about Trudeau, when they couldn't even realize someone in power was doing exactly what their so called fiscally responsible Harpro didn't have a clue about.

You all got what you deserve!

No argument from me. Harper and Ritz really did a job on agriculture - and the country’s debt. I had hoped some of the good old Paul Martin Liberals could lead the young punk through the swanp but it is clearly not to be😥

[Guest]

Not sure of my math but doesn't that equal app $30,000/man woman and child in Canada.
So how much do you owe in total debt,I believe that is personal and gov debt.
When you average it out its not so scary as it sounds with the total number.

Dream on horse you and i and our kids owe a lot more than that when you take all natives and keebeckers out of the equation !

[SASKFARMER3]

My god you die hard liberals are amazing still blaming Harper and Ritz for the countries problems even if JT has been at the job over two years. You must be a real special kind of stupid.

Bankrupt is what he’s doing to us wake up it doesn’t balance it self you morons.

[GDR]

It's hard to wrap your mind around what a trillion is, all sounds the same after a million but I liked this explanation so here it is for anyone who hasn't heard it this way:
Using seconds instead of dollars:

1 million seconds is 11 and 1/2 days

1 billion seconds is not quite 32 years.

1 trillion seconds is 31,710 years

[AlbertaFarmer5]

Interesting thread over on NAT about the devastating effect of a balanced budget
I'm not agreeing or disagreeing with it, but he does make a good argument.
Of course, it helps to be the worlds reserve currency and have the biggest military. Canada is lacking in both departments.

[farmaholic]

It's hard to wrap your mind around what a trillion is, all sounds the same after a million but I liked this explanation so here it is for anyone who hasn't heard it this way:
Using seconds instead of dollars:

1 million seconds is 11 and 1/2 days

1 billion seconds is not quite 32 years.

1 trillion seconds is 31,710 years

Here's another way of looking at it.....

Isn't a trillion a million million?

[Horse]

My god you die hard liberals are amazing still blaming Harper and Ritz for the countries problems even if JT has been at the job over two years. You must be a real special kind of stupid.

Bankrupt is what he’s doing to us wake up it doesn’t balance it self you morons.

And there lies the problem, when YOUR party can do no wrong, that just lets them free reign to do as they please. My little Johnny can't do no wrong.
Why don't you party faithful guide the ship, as for Trudeau he can't turn the ship around in a couple yrs even if he was of the mind to do it.