The Debt: An Economic Catastrophe
Beginning of paper
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 redu ....
Middle of paper
.... great difficulty for
governments to slow the debt, much less eliminate it. Our federal debt grows
all by itself to the tune of approximately ninety million dollars every day.
This may seem hard to digest, but it is reality. The need for debt elimination
is vital if Canada wants to free up billions of dollars being spend on interest
payments. Two approaches may be taken to this. First, an increase in
government revenues through higher taxation may be considered. However, taxes
are already ....
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Word count: 873
Page count: 4 (approximately 250 words per page)
