From Chapter Two, Poorer: Better, but still bad
Not to be outdone, Canada’s debt clock can be found at http://www.debtclock.ca/. The website reports: “Canada’s federal debt grew steadily between 5% and 10% per year until 1975 when it began to explode; growing for the next 12 years at more than 20% per year. It broke the $100 billion mark in 1981 and the $200 billion mark in 1985.” It’s now at more than $619,100,279,999, which works out to about $17,515.94 per Canadian. “Because of government’s past excesses, taxpayers are paying $86 million a day in interest payments on our debt,” it points out.