Comment 75146

By A Smith (anonymous) | Posted March 10, 2012 at 14:07:56

Cutbacks are very important. Without cutbacks, Canadian households may just see their net worth start to rise again...

Back in the nineties, when Canadian spending on government averaged 47% of GDP, net worth climbed from 410%/income to 580%...

http://www.fin.gc.ca/pub/report-rapport/2010-6/images/cgel-lemc_10-eng.gif

In the past decade, as we brought government spending down, payed off debt, cut corporate tax rates and created food bank lines, household net worth has increased to 600%.

Do you really want your household net worth to start growing again? I didn't think so.

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