facebook
twitter
search
search

Canada's national debt hits $600 billion

Nov. 25, 2012 at 7:36 PM

OTTAWA, Nov. 25 (UPI) -- Canada's national debt rose past the $600 billion mark this weekend, the Canadian Taxpayers Federation says.

That works out to $17,143 for every man, woman and child in Canada.

Foundation Director Gregory Thomas Friday blamed government spending, including what he called Prime Minister Stephen Harper's excessive and unnecessary economic stimulus efforts, CTV News reported.

"You can't sit through a football game without seeing all this propaganda about what a terrific job the government's doing," he said. "They're borrowing money to sell Canadians on themselves."

By comparison, Canada's neighbor just to the south, the United States, has racked up $16.28 trillion in debt or $51,683 per person. There are nine times as many Americans as Canadians, but their national debt is 27 times larger.

Latest Headlines
Top Stories
Hyon Yong Chol disparaged Kim Jong Un prior to execution, analyst says
Officials debate 'when to suspend' search for missing Florida boys
Jon Stewart, Obama held secret meetings at White House
Napa Valley fire reignites, hundreds more evacuated
In Khamenei Tweet, man resembling Obama holds gun to head