It certainly is a problem.
What to do?
Harper and the Con's have been slowly whittling down the size of the bloated public service and cutting spending in general.
Should we ramp up public service cuts?
Cut transfer payments to the Provinces?
Federal liabilities in the public sector are brutal but the worst of the liabilities seem to be located in
the gold plated DB pension plans that the unions have negotiated.
Do we need to bring in right to work legislation both Federally and Provincially?
I wonder if pouring more tax payer dollars into expensive green energy plans would help with the debt?
On the other hand we could ramp up taxes across the board.
Say a 25% increase in personal income tax?
Or maybe try just ramping up business taxes?
Oh wait...the province of Ontario tried that and the businesses are fleeing like roaches on a hot skillet.
Maybe we should cancel or delay a few more hundred billion dollar pipeline and resource extraction projects?
Could that help with the debt?
I wonder what Justin thinks we should do?