Canadian Debt Projections

This chart depicts the amount of the Canadian National Debt; and its projected interest expenses and debt reduction. Its hard to believe that almost 20% of the estimated budget revenues goes to maintain crediable status on bank loans and interest on Canadian Savings Bonds. Just think what improvements Canada could have if the almost 50 billion could be spent on health care or defense. I suppose it would also create another source of temptation for mismanagement and fraud [:)].

One professor at the U of Windsor, claimed that around 80% of Canada's National Debt is internally held. He said only in Canada, would citizens of a country be so willing to purchase its own governments debt.