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The Debt: An Economic Catastrophe
Beginning of paper
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 reduce taxes, but make
Canada a more feasibl .... Middle of paper
.... reality. The need for debt elimination
is vital if Canada wants to free up billions of dollars being spend on interest
payments. Two approaches may be taken to this. First, an increase in
government revenues through higher taxation may be considered. However, taxes
are already at a point where some people feel they are working merely to pay the
government, rather than support themselves. Second, a restraint on government
spending by means ....
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Number of words: 873
Number of pages: 4 (approx. 250 words per double-spaced page)
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