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The federal budget and 50 years of Canadian debt
Tuesday, March 22nd, 2011
Mar 22, 2011
… adjusted for inflation, today’s federal debt pales in comparison with the records of the mid-1990s. For instance, the debt in 1996 stood at nearly $769-billion when adjusted for inflation, 25% higher than the present-day debt… How much debt a country should carry is a divisive topic for economists… sometimes being fiscally responsible doesn’t get the recognition it deserves.
Tags: budget, economy, globalization, ideology, standard of living
Posted in Governance Policy Context | 9 Comments »
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