
World Debt clock comparison… How’s Canada doing compared with the world?
Debt. It’s a popular topic. Personal debt. Govt debt. Corporate debt. Back in 2013, I published an article comparing Canada’s debt with the rest of the world. Back then, like today, there was so much negative news being written about our so-called high personal debt level. I thought I’d turn the tables on the govt and see how they were doing.
Here we are, 2018 and five years later. We’re supposedly experiencing fantastic economic times. Lowest unemployment in 40 years according to the Dec 2017 job report. Things are so good that we can increase minimum wage by over 30% in Ontario and other Provinces. We must really be doing great, right? Scorecard time…
The logical conclusion, or the simple math equation is with GOOD TIMES OR A STRONG PROSPEROUS ECONOMY = LOWER NATIONAL DEBT…. Consumers are expected to lower their personal debt levels. Isn’t the govt supposed to lower or work on eliminating our national debt? One would think so. Let’s find out… Continue reading “World Debt clock comparison… How’s Canada doing compared with the world?”