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It is not just Canada. The US and other countries justify their debt levels by this and it is used by bond traders to measure health of bonds issued. Military s
by kornhole 4y ago
It is not just Canada. The US and other countries justify their debt levels by this and it is used by bond traders to measure health of bonds issued. Military spending as percentage of GDP is also cited. So if military spending and borrowing ability is pegged to GDP, you can see why we pump it up as much as we can as distorted as it is on a nation's internal well being.