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The per-capita numbers wouldn't be as dramatic. Canada's population grew by 10% between 99 and 09. Also saying that "Canada is fiscally prudent" is true if we
by henryprecheur 17y ago
The per-capita numbers wouldn't be as dramatic. Canada's population grew by 10% between 99 and 09.
Also saying that "Canada is fiscally prudent" is true if we consider only the Public debt (which excludes household debt). France has the opposite problem, the state is a big spender and households are financially prudent. A country's finance doesn't necessarily reflect its citizens financial habits.
This is still a worrying picture for Canada...
- MikeCapone 17y agoI'd rather live in a country where the government is fiscally prudent, because then you still have choice to be personally prudent and put most chances on your side. If you live somewhere where there's a massive public debt, whatever you do personally won't avoid you a world of hurt in the long-term. (or at least, that's my understanding of the situation)