Quote Originally Posted by maladroit
canada is in a good position to deal with it's national debt...even though it has government funded universal health care, the canuck federal government still managed to record a budget surplus every year for the past ten years, and pay down it's national debt by about 25% (while the usa increased it's national debt by 90%)

as of march 2008, the canadian national debt was $457 billion, and it's GDP was $1.2 trillion, so the debt/GDP ration is 38%, and the percapita debt is $13,800

in comparison, the US debt/GDP ratio is 77%, and the per capita debt is $33,500

you have to adjust that comparison even more in canada's favour because the canadian dollar is only worth 90 cents US at the moment

Canadian economy online
You're also excluding heavy taxation in canada. Try again.

Search around, I've already explained Canada vs US economy fairly thoroughly with a follow up from Goldenboy explaining even further.
daihashi Reviewed by daihashi on . national debt guessing game how much has the national debt changed over the past year? how about just the past three weeks? no peeking: make a wild guess off the top of your head **HINT** it went up Rating: 5