HappySqurriel on 12 October 2008
| rendo said: What a Legacy for Bush to leave behind. Nearly tripling the national debt. My country takes a lot of shit for being a "welfare state". Funny thing about that, we're the only G8 nation that runs a surplus year after year. :/ |
Well, the surplus is nice but Canada really hasn't been doing much to repay the national debt ...
Years ago Stockwell Day (when he was leader of the official opposition) pointed out that by simply putting an additional $1.2 Billion per year towards the principle on the National Debt we would be debt free in 25 years rather than the 192 years it was expected to take us. From my understanding, because votes need to be bought, no government has allocated that additional money towards the debt even though we have been running a far larger surplus the entire time.
