broke

We’re broke. Canada is broke. We’re not as broke as Spain, Ireland, Portugal or Greece, but we’re still broke. Look at The Economist’s Global Debt Clock (http://www.economist.com/content/global_debt_clock). Canada in 2010 has an 82.3% Public Debt to GDP ratio. Sounds not bad compared to Greece at 129.7%. But our US friends to the south are at 62%. You can argue that there are more people in the US, but our country is spending a huge amount of money that we just don’t have. Just four years ago, we were at 65.5%, our lowest amount in a generation. 2007 was a banner year. So it is noRead More →