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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (8178)2/10/2006 10:30:59 PM
From: fresc  Read Replies (1) | Respond to of 37302
 
High Government Debt and climbing, is what Mulroney left Canada with.

""Debt/GDP ratio refers to the amount of government debt relative to a country's income (total goods and services it produces in a year)
A high debt/GDP ratio will make a country less attractive to investment and put downward pressures on a currency
The preferred debt/GDP ratio is 40%
During the 1990s, Canada's debt/GDP ratio fell to 64%. However, this ratio remained far above the preferred level""



To: lorne who wrote (8178)2/13/2006 11:40:36 AM
From: fresc  Read Replies (2) | Respond to of 37302
 
""IMO our economy like the rest of the world depends on the global economy and has very little to do with what our government can do. any government lib or conserv.""

In addition.....

Global economy is doing ok in some parts of the world.
I would say most of Europe is in a border line recession.(Germany, Italy). High debt, reckless spending in many social programs and so on.

Canada would be in a similar situation if it was not for the actions Martin had taken.


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