Growing Debt Burden for Canadians

[jazz]

Where are we post covid? Hope you have a stiff drink handy.

Which maritime province will default first.

And how does a province like Quebec siphon in $250B from the rest of the country and still be broke.

1 week ago the federal govt raised its borrowing limit from 1.4T to 2.0T. Likely a provincial bail out coming, probably Toronto and Montreal too.

https://www.fraserinstitute.org/studies/growing-debt-burden-for-canadians-2021 The Growing Debt Burden for Canadians: 2021 Edition

[Austrian Economics]

My money is on Newfoundland. They've more or less already conceded to bankruptcy as oil revenues cratered at the beginning of last year.

If you went by the amount of coverage this issue gets in the mainstream media, you'd think this isn't even a problem. Many of us on this forum know better.

[fjlip]

We are SCREWED, your kids are toast(lower standard of living than you), your grandchildren will be third world, or in the RESET, own NOTHING, and happy? Like hell! A lot of payback to politicians needed.