As of today Canada's debt is over $460 Billion dollars, thats a big number!
It works out to $13733 for every man, woman and child.
And its growing by $93 million per day or $1069 per second.
Its like having a credit card that never gets paid off, the balance just gets larger and larger!
Under Interesting Blogs check out the Canada Debt, see what we has a nation owe.
3 comments:
Under Interesting Blogs check out the Canada Debt, see what we has a nation owe.No thanks! Some of us are 'depressed' enough. :-)
p.s. Actually we as a nation are not to bad. If I recall correctly, the U.S. owes approximately $35,000 per man/woman/child. Pretty bad and pretty scary!!!
John your right it is scary, the US debt is indeed $36,673 per person (check it out at the following address) http://www.brillig.com/debt_clock/
My concern is there are times it makes sense to go into debt. But you have to pay it off at some point, how many dollars are we going to throw away servicing that debt.
$460 billion even at 3% is $13.8 billion a year, going to where? God help us when interest rates go back up.
Post a Comment