Canadians must lose irrational fear of increased deficits, economist says

[taxslave]

Greater than 80% Debt to GDP is when you have to start exercising caution.

I am talking about debt that was used to fund your own national endeavours and not to reimburse creditors from other countries.

This is why Japan has a successful economy while Greece does not even though Japan has more debt.

IF governments didn't spend money they didn't have there would be no creditors to pay back.

 

[MHz]

Just pay the $30B in interest and they will probably raise the limit.