Quote:
Originally Posted by JDął
The pandemic has a lot to do with this, but so does the terrible response to it. This is a staggering statistic. In five years of Trudeau "leadership" we are now in a worse position than Greece was when its government defaulted after 08-09. You know, when assets were frozen and people couldn't even withdraw their own money from national banks?
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Got an actual source on that? I'm curious if they actually adjusted it all to today's dollars or not.
If you look at the debt over time it was pretty much constant til the pandemic hit. $950B in 2016 to $1,083B in 2020. I think that works out to about 3.5% per year. It's only the last year that makes it so high, and that' would've happened (give or take a bit) under anyone.
Meanwhile Stephen Harper brought us from $601B in 2006, down a little, and then up to the $950B in 2016. I think that works out to about 5.8% per year.
https://www.taxtips.ca/statistics/canadadebt.htm