Canadian Deficit C$248B over first 9 months 20/21

[AlbertaFarmer5]

I often wonder the same thing jwab
For younger generation, it seems like living in perpetual debt is a given.
Everything's new, machinery, pickup trucks, houses, toys.
All financed on cheap money and leveraged with expensive farmland.
Not much different for city slickers
Anyone with a pulse and a pay cheque gets credit nowadays.
Governments too.
Spend like drunken sailors one minute and rev up the printing presses the next.
Balancing budgets is not a priority.
Just keep the economy rolling at all costs.
if too many people default on their debts or go bankrupt, govt will step in with more free money and keep the wheels turning.
Can't imagine any other outcome.
Banks would own the whole country and everything in it if defaults ever got bad

It is Mutually Assured Destruction only it is financial this time, not nuclear.
And that is why it will go on longer than any of us think possible.
The consequences are just too horrific for any one country to pull the rug out from any other.
The cascading dominoes will take everyone down, everywhere.
Can they keep ahead of the exponential debt growth required to keep all the balls in the air, and simultaneously keep from creating unsustainable inflation in all currencies?
And if inflation does occur in ALL currencies at the same time ( as it appears to be now, relative to hard and soft assets, is even that sustainable since there is no responsible alternative (geographically speaking) for capital to flow to, as would be the case when one country at a time does it?