Canada's Federal Debt Timeline

CTF President Troy Lanigan chronicles Canada's debt since Confederation and asks if today's "hardships" justify borrowing $153-million a day. It's time for a federal balanced budget plan -- sign the petition at http://www.DebtClock.ca.

Category:

News & Politics

Tags:

• National Debt
• Canada's debt
• Canadian Taxpayers Federation
• chronological
• chart
• debt clock
• Canada
• balanced budget
• deficit
• debt
• harper
• politics
• government

[ezze902]

I dont accept deficits.. I dont accept big governments getting bigger & bigger and then blaming downturns. Then creating inflation to deal with them... letting the banksters and other failed corporations to be bailed out by tax payers, for taking huge risks & profit when things are good and profit when things are bad.

I do not accept it

[mannycanada]

A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal polic...y ensuing, always to be followed by a dictatorship." A.F. Tytler, 1747 - 1813

[luvmyctd]

@zklarer Keep spreading the TRUTH!!!!

[luvmyctd]

@sharpcin Right On!!!!

[oldspammer]

@kgdblade The monetary system is that of Babylon. The owners of the monetary system originate at one time from Babylon. It is all a trick based on dishonest telling of history. There has been a movement afoot to convince everyone that a conspiracy theory is something without evidence or witnesses or logical thought involved--that examining such things is just crazy talk. But courts convict criminals of conspiracy all the time.

YT watch?v=BXIE8qHKjCQ&list=PL669­F19928E3AF88E&feature=plpp_pla­y_all

[sharpcin]

@kgdblade you know there is a third solution here that no one ever looks at. We don't have to raise taxes of cut our social programs. The solution really lies in going back to borrowing from our own national Bank of Canada and not from the big global banks. The reason we're drowning in debt, along with just about every other country in the world is the interest on the money we borrow. So I ask you why should we borrow, when our Constitution says government has the authority to "coin the money"?

[3treU]

why we do have dead ??? where all it money go ??? why we expent more money ??

[kgdblade]

So is CTF advocated raising taxes as a revenue source? Or do they just want to cut the hell out of everything most Canadians pride the most? How about we bilk the foreign companies exploiting all the oil our tar sands and generate transfer payments from Alberta? No wait....can't do that because its a natural resource. Canada is a 3rd world country. Our prime minister wants to keep it that way. CTF produced this pretty little video and offered no solutions. Thanks for wasting my time.

[mapleleaks]

We could see the Canadian Federal Debt balloon to nearly a trillion dollars under the Government of Harper. This government is spending more that any other previous government in Canadian history - even when you factor in inflation, and starting before the recession to when they originally took office in 2006. Spend and borrow fiscal conservatism. Sound familiar. Read more at mapleleaks website

[Alpinex105]

Does the graph account for inflation?

[zklarer]

Gov't debt is a huge subsidy to banks and their stockholders from taxpayers. Most outstanding debt is compounded interest on money banks created out of thin air. In Canada, the debt mountain started in 1974 when gov't began borrowing from private banks rather than the bank of Canada. Search youtube for "crime of the Canadian banking system" he presents a solution. If it seems farfetched watch "money as debt 2" first. It explains banking (1 hr) which is likely different than you think.