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Canadian economy shows spending cuts and tax cuts stimulate growth
As a recent Mercatus Center study showed, Canada set about fixing its fiscal house many years ago. The first order of business was trimming government spending, which was accomplished without triggering unemployment or requiring massive cuts in entitlements. These repairs allowed the country to weather this most recent global downturn with minimal stress. It’s not too late for America to learn from our neighbor to the north.
Back in 1994, Canada’s public debt to gross-domestic-product ratio was approximately 67 percent, just a little higher that the current figure for the United States, which was 62 percent at the end of 2010. Things are so out of control that the U.S. figure is projected to hit the danger level of 90 percent within the decade. Canada’s debt to gross domestic product (GDP) ratio fell to a low of 29 percent in 2009 before increasing slightly to 33 percent in 2010 - still about half of the current American level.
Georgia Pacific is owned by the Koch Brothers. Throw that out their for no particular reason.
Do you have any statistics comparing mining, oil production etc. per capita of Canada to the U.S.?
As our economy has long depended on natural resources, we have not been as squeamish about extracting and exploiting them as have our neighbors. Americans may imagine Canadians romping and canoeing our way across a pristine landscape, but we have not let the equivalent of an Environmental Protection Agency prevent us from making as much as we possibly can from the fact that we have far more oil than we need.
Whether it‘s drilling off the coast of Newfoundland or exploiting the politically incorrect oil sands of Alberta, we are willing to go there. (The province of Alberta ranks second, after Saudi Arabia, in global crude oil reserves.) Canada supplies more oil to the United States than anybody else in the world. Americans can forget all that nonsense about supporting hostile regimes every time you rev up your engine.
Look at the two most populous countries on earth, India and China. They have huge problems with unemployment, poverty, and wealth inequality. It sucks that the US will probably be at 1 billion or more by 2075 & once we hit that point the country will truly become a 3rd world cesspool. The smaller the number of people you have competing for a finite amount of resources, the better.
The Tar Sands in Alberta/BC, etc. has been known for years and years. Its only because of the price of crude that the project is producing in such vast amounts. I have been there and know people that work in the Alberta Oil patch.
Pray for the price of oil to remain high, so Canada can export, and stay our largest trading pardner. It may be that China is overtaking them anyway, now , or soon.......
Canada bucks long time trend of being worth less than American $$
Makes one want to become a Canadian, now doesn't it..... Its not all frozen tundra as some right wing nuts proclaim.
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why?
