Quote: Originally Posted by Cannuck
That's not realistic. It should be a goal but either taxes would have to go way up to do it reasonably quickly or it would take too long. There will be other pressing issues that will have to be dealt with. Like Walter, your idea is too simplistic
It's not a short term achievement by any means. However, application of surplus cash towards that debt has a positive and compunding effect.
Less debt translates into less interest and over time, that results in tax relief, capacity to expand gvt services (as necessary), etc.
Not recognizing the debt component is no different than living on borrowed time