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Email Address:. Sign me up! Seeking Delta. Tag Archives: Debt. View this document on Scribd. Rate this:. Macro , Uncategorized De-Leveraging , Debt. Weekend Reading Leave a comment Posted by seekingdelta on November 19, Government spending and employment was cut, targeted tax increases were made, the welfare system was modified and the Canadian Pension Plan their version of Social Security was reformed. As a result of these actions, the federal budget was balanced in three years and a surplus was run for 11 years thereafter allowing Canada to cut its federal debt nearly in half.

Not only did they reduce debt but also saw GDP growth of 3. Read more of this post Rate this:. Is the current trajectory of Public Debt reversible? Leave a comment Posted by seekingdelta on May 4, RSS feed. Quote of the Day: Do not seek to follow in the footsteps of the wise. Seek what they sought. Email Subscription Enter your email address to subscribe to this blog and receive notifications of new posts by email.

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