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By A Smith (anonymous) | Posted February 09, 2012 at 15:39:59 in reply to Comment 74096
The federal debt is denominated in Canadian dollars.
The federal government "finds" about 5% more of these dollars every year for its spending.
Yet, Canadians are told that if we aren't frugal, we will soon run out of these "printed" Canadian dollars to pay interest charges.
How can it be that we can find new Canadian dollars to pay higher salaries, transfer payments, yet can't find extra money to cut taxes for households?
With record household debt and 7.6% unemployment, households need a break. Cutting income taxes, GST and payroll taxes would allow Canadians to save more, spend more and thus create more jobs.
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