RE:How Stupid/Blind are Canadians?Mr Socks Debt Legacy https://zerohedge.whotrades.com/blog/43209595269 https://www.fraserinstitute.org/article/prime-minister-trudeau-cements-his-debt-legacy https://www.globenewswire.com/news-release/2019/04/18/1806312/0/en/Fraser-Institute-News-Release-Trudeau-breaks-record-for-debt-growth-among-prime-ministers-in-Canadian-history.html "With this year’s federal budget, Prime Minister Justin Trudeau firmly established his fiscal legacy. No Canadian prime minister has spent more money (per person, inflation-adjusted) or accumulated more debt (per person), outside a world war or recession, than Prime Minister Trudeau.
Canada’s gross debt will increase this year by almost $120 billion (again, adjusted for inflation) since the previous government tabled its last budget in 2015. On a per-person basis, each Canadian has acquired $1,725 more in federal debt since Prime Minister Trudeau took office.
This is historically significant. A recent study, which measured the debt performance of all prime ministers since 1870, found that only three prime ministers who did not face a world war or recession increased federal debt on a per person basis—Mackenzie Bowell, John Abbott and Justin Trudeau.
By the time Prime Minister Trudeau completes his current term, federal debt per person (inflation-adjusted) is projected to increase by 5.6 per cent, more than any prime minister who did not preside over a world war or recession."
