We have that system here in California, and it's broke babe. The socialists have run out of other people's money to spend.
Canada has a balanced budget and a falling National Debt. So how do they manage that and still take good care of their citizens? Maybe we should look at making our system of government a lot more like theirs?
American national debt vs. Canadian national debt | NowPublic News Coverage
American national debt vs. Canadian national debt
Share: by Bender_420 | December 8, 2005 at 11:27 am
81174 views | 5 Recommendations | 76 comments
OK, so i had a few minutes to kill this morning and decided to look at North American debt levels per citizen.
The Current national debt owed by the USA is well over 8 TRILLION dollars, approximatly $8,128,207,427,249 and RISING. But don't take my word for it, check out the constantly updated and award winning USA Debt Clock.
So, with the current USA population at about 295,734,134, a quick division tells me this works out to $27,484 USD for every man, woman, and child in the United States. Of course, by the time you read this it'll probably be over $27,500 per capita...
In comparison, Canada's national debt is a "mere" $805 billionish (or $690,726,990,157 USD), AND FALLING. Keep in mind that we have a much smaller population, sitting at around 32,805,041, so our per capita debt load, coverted at today's exchange rate of $1 CAD = $0.863408 USD is around $21,055 USD/Canadian, and, thankfully, falling.
Holy crap am i ever happy we Canadians decided not to throw hundreds of billions of dollars into this latest war...