The federal government is piling on debt at a rate of $153 million per day.
Quebec's population is about 7, 800,000 people and divvying up the debt means every Quebeckers owes about $27,630. Wow! By the way, that debt is going up that a rate of $1,100 a year!
Add to that debt, about $15,000 more, which represents each citizens portion of Canada's debt and the average citizen's debt load is over $42,000
Here's a link to the Canadian Taxpayer's Federation's Debt Clock.
Bad as it is, we better off than the Americans, who owe an average of $40,000 at the federal level. Add state debt to that and the average American owes well over $50,000.
Here's a link to the Canadian Taxpayer's Federation's Debt Clock.
Bad as it is, we better off than the Americans, who owe an average of $40,000 at the federal level. Add state debt to that and the average American owes well over $50,000.
That being said we are in a much worse position than any state or province.
Our ability to repay the debt is severely hampered by the fact that we are the poorest province (per capitia) in Canada. Although the Americans owe more than us, they generate a lot more income and even though they owe more money than us, are really in a better financial position.
An excellent conservative Quebec blogger named DAVID is particularly adept at deconstructing numbers. Even if you don't speak French, his well prepared charts transgress the language barrier. Here is the LINK.
Out of the ten provinces, Quebec families bring home the least money both before and after taxes and we owe the most...Ughhh!!!!....
Here is a link to the US Debt Clock which is quite fascinating...
Our ability to repay the debt is severely hampered by the fact that we are the poorest province (per capitia) in Canada. Although the Americans owe more than us, they generate a lot more income and even though they owe more money than us, are really in a better financial position.
An excellent conservative Quebec blogger named DAVID is particularly adept at deconstructing numbers. Even if you don't speak French, his well prepared charts transgress the language barrier. Here is the LINK.
Out of the ten provinces, Quebec families bring home the least money both before and after taxes and we owe the most...Ughhh!!!!....
Here is a link to the US Debt Clock which is quite fascinating...
