As you have pointed out, eliminating the federal/provincial debt certainly seems to have fallen out of fashion today, and being able to service that debt is the more important question. The problem is, with Trudeau at the helm, the amount of debt that he has racked up regardless of whether it has anything to do with the pandemic or not is seriously threatening Canada's ability to service that debt.
The US and USD are also a unique case because no other country or currency enjoy the same status as US and the USD do at the moment.
Quote:
Originally Posted by Tapioca
The notion that governments have to eventually pay back debt is somewhat anachronistic. The United States has run deficits for decades, yet they are still seen as the world's reserve currency. The argument is that as long as governments can comfortably service existing and new debt, then that's all that matters as credit-worthiness is maintained.
[/url]
|