Most folks know that their country is in debt.
They also kinda understand the difference
between the total owed and how much
of a financial deficit is being added
to that sum every year but what
they fail to realize is that the
provinces and states also
run deficits and debts &
so do their cities and almost every citizen in them.
Thank you, friend.
Barry out.
Bring Out Your Children! Bring Out Your Children!
And Whatever life you have left.
They MUST be sold to the highest bitter…
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In 2008-9 Canadian national debt interest was 30.99 billion dollars.
And that’s a whopping 37% drop on account of low interest rates. Works out to alomst 85 Million dollars per day. In interest…
So pay your taxes regularly on account of the first few mil per day don’t help much.
Source: http://www.cbc.ca/news/business/taxseason/story/2010/02/25/f-federal-budget-interest-rates-debt.html
Source: http://www.tradingeconomics.com/canada/government-debt-to-gdp
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I don’t think the average person is going to save us…
43% of Americans have less than $10k for retirement
http://money.cnn.com/2010/03/09/pf/retirement_confidence/index.htm
Half of Canadians live paycheque to paycheque
http://www.cbc.ca/news/canada/story/2012/09/06/savings-rate-canadians-survey.html
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United States National Debt
Source: http://www.tradingeconomics.com/united-states/government-debt-to-gdp
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Canada – Consolidated federal, provincial and territorial general and local governments, financial assets and liabilities
http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/govt07a-eng.htm
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