Now just put the party in power beside the years
Canada's National Debt Clock : The Canadian Taxpayers Federation
Canada’s federal debt grew steadily between 5% and 10% per year until 1975 when it began to explode; growing for the next 12 years at more than 20% per year.
It broke the $100 billion mark in 1981 and the $200 billion mark in 1985. It broke the $300 billion mark in 1988, the $400 billion barrier in 1991 and the $500 billion level in 1994.
The debt peaked at $562.9 billion at the end of 1996-97.
Between 1997 and 2008, $105 billion of the federal debt was repaid, dropping to $457.6 billion in 2007-08.
Between 2008 and 2015, more than $150 billion was added back onto the federal debt, leaving it at $614 billion, a new high.
https://en.wikipedia.org/wiki/List_of_Canadian_federal_general_elections
Although this sounds like an attractive alternative to raising taxes on cranky taxpayers, the government still faces a problem; it is on the hook to pay us interest on those bonds. The more bonds the government sells – that is, the bigger is its debt – the more it must pay in interest. The amount of interest that the federal government pays in interest is quite large. In 2011, they spent $31 billion. Provincial governments also sell bonds and so they also pay a lot in interest; about $23 billion in 2011 in total. In 1995, when interest rates and the pile of government debt were both higher, all governments in Canada were paying about $78 billion in interest payments annually. To put that into perspective, in that same year governments spent about $53 billion on health care.
Canadian Taxpayers Federation | The Canadian Taxpayers Federation is a citizen's advocacy group dedicated to lower taxes, less waste & accountable government.