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The Debt: An Economic Catastrophe
Few national economic issues have generated the same kind of concern as has the
federal debt problem of Canada. There is a pressing need for long-term policies
to lift Canada out of the national debt hole it is in. Eliminating the debt
will not only free up money being spent on interest and reduce taxes, but make
Canada a more feasible place for future generations to live and work.
Interest on the debt has eroded the government's ability to fund its own
operations and essential social services. Presently, thirty-five cents of every
tax dollar the federal government raises is used for interest payments alone on
the debt. ....
Word count: 873 - Page count: 4
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