Actually, we've been weening ourselves off the United States for sometime. We have lost more than $120 billion in exports to the United States since 2000 and our trade with other nations has increased in the meantime.
The more immediate problem is making up the shortfall if imports from the United States would evaporate, we would have to develop internal industry and then there are simply products and resources which we do not have in Canada and would have to be imported at a greater expense.
The problem is not economic shortfall but having to deal with a country; although resource rich, doesn't have enough resources to sustain 300 million people at their current lifestyle and all it would take is 20 million American illegal immigrants to ruin this country.
Quote: Originally Posted by EagleSmack
Exactly. Many people in this country who are in debt are in debt because they over spent. They bought on credit instead of cash. They took out mortgages that they couldn't afford. They wanted a "F*ING HUGE" house instead of what was practical. They wanted the 96" Flat Screen LED with surround sound. They wanted to go on trips and charged it all. They wanted it all... but couldn't really afford it all.
They felt entitled to luxury and materialistic stuff.
But people in the 1960s (before credit financing) *could* have it all; to some extent, a starter home could be purchased within a couple of years - providing you were frugal.
Credit financing did ruin us as a society as it meant those who couldn't practice financial responsibility could otherwise not buy toys and crap and which led to inflationary tendencies on the CPI and an overall decrease in living standards (nonwithstanding that some indeed did go into massive debt).