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The Debt: An Economic Catastrophe
Beginning of essay
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 essay
....ne, to the
road of eliminating our federal debt. Either way, it will be the young citizens
of Canada that will have to pay for previous government overspending. “Our
national debt, after all, is an internal debt, owed not only by the nation but
to the nation. If our children have to pay the interest, they will pay that
interest to themselves.” (Franklin Delano Roosevelt)
As our debt continues to increase, so do the taxes that Canadians are paying.
Thirty-five percent of our taxes are being p.... |
| Number of words: 873 |
Approximate pages: 4 |
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