For those who look back on 2011 and wonder how European and American governments dug themselves into such a deep debt hole, consider this image as an explanation: Santa Claus.
government debt
August 23, 2011
2:00AM
With the United States credit rating recently being downgraded and some European countries teetering on the verge of debt crisis, Canadians can rightly be proud of the countrys AAA credit rating.
That said, Canadians should not get too complacent. With growing concerns about a slowing global economy, Canadian politicians should put forth genuine plans to restore balance to the nations finances.
That said, Canadians should not get too complacent. With growing concerns about a slowing global economy, Canadian politicians should put forth genuine plans to restore balance to the nations finances.
August 7, 2011
2:00AM
The latest deals to save American and Greek public financesallowing those countries to put themselves into even deeper debtshould puncture the illusion the welfare state was ever a success. The fact is, it was always built on borrowed time and borrowed money.