American national debt vs. Canadian national debt

I am Canadian and I recently became a US citizen. The US federal government has done severe damage to the country due to bad budget decisions. Fortunatly, in the US, the citizens have much more control over their government due to a strong constitution and can stop the stupidity if they want to. In Canada the provinces have very little power compared to the state in the US. Also, the US government is structured in such a way that a bill must pass in two seperate house, then be signed by the President and then can be challenged as to it's constitutionaly in the Supreme court. Recently, three federal parties in Canada subverted the will of the people and joined together and took control of the federal government, so much for federal elections eh! Oh, by the way, as a Canadian I was very apathetic towards the actions of my government due to the fact that Canadians are virtually powerless and have to submit to the will of the party they elect. America, you need to wake up and quite runnung to Washington for help. The more power you give them the more problems you have. Ask yourself this, who got us in the subprime mess, who got us into this debt mess, who took us into Iraq, who makes us use foreign oil, who allows us to kill our unborn children, who submitts us to the laws of foreign nations, who sent our jobs oversees, who told us we could have it all and live of credit, who rewards bad busuiness practices, thats right the very people we sent to Washington, and now we are running to them and giving over more controll of our lives. America is a republic for a reason, when one state, like California gets in trouble the Californians have the option to leave and go to a more responsible state. If Washington takes over you will be like the Canadians and have very few options when you rulers go off the deep end. Canadians, you need to stop being so sanctimonious and stand up for yourselves, your government system is archaic and runs your life. Freedom is not a rite it is something each individual has to fight for, and once that individual receives he has to act responsible with it or that individual will loose it.

I dont think Obama is going to insist on paying for the defense of the entire Western Civilization....  Canada and Europe might have to chip in some & then perhaps US citizens will get healthcare as well.

Frankly, I will be surprised if one of two events does not unfold:

1.  Canada and the US joining in a trade union of some sort.

2.  Parts of Canada and the US breaking down into different countries with separate economies.

Either way, the free ride is over for Canadians.  I think it would be best if we work together rather than against one another.

The fact is, spending out of a recession can be the right thing to do, the government tried to balance the budget in the great depression, and it lingered for over 10 years. However, there should be a period of savings in boom years, to have the funds to ride out a recession. I live in Alberta, Canada, and our premier decided to cut deep years ago, and faced a lot of criticism, but we are a  DEBT FREE province, at least for now.... People said he cut too deep, too fast. That is CRAP.

    I love Canada, and our 'conservative' banking system, and frankly, in a lot of ways, you cannot tell there is a slowdown here. I have had banks throwing money at me ( I have great credit) There has been tightening of credit, but just for the goofy stuff, not for real credit needs. 

    A lot of people grumble about our health care system, but my personal experience has been of excellent care by compassionate health care professionals. I recently had an injury, was able to get an appointment at 8:00 at night, got stitched up by a very kind doctor, and was out in 20 minutes. And our small payments to health care will end in 2009, making it truly free system. This is a very good, if flawed, system, but with a lot of great people in it that make do in the best way they know how, with what they have.

    Stop bitching Canada! We have great food from around the world, relative safety, great health care, incredible freedom, and are respected around the world, even if we don't have any kind of national identity! Go Canada!

American's with there unfair advantage with the US dollar and just allowed to print money anytime they need it. What a joke the American's think they are the best and laugh at the world as they steal from other countrys.

USA is a banrupt country

Look at your corruption on Wall Street

Wake up world time for USA to feel reality like the rest of the world.

Time for a level playing feild

With the US economy in such a terrible state, I cannot comprehend the strength of the greenback.  Looking at all these numbers, it seems their currency should be crap compared to others.

Greetings! Nobody is talking about who created the debt? The obvious is brilliantly ignored. 

We did not have a multi billion dollar debt from 1938 to 1974 because we were using our own Bank of Canada to issue credit and money for our public infrastructure expenditures.

Here is the big Canadian insanity, we have a national bank but our corrupt leaders go to foreign and domestic banks to borrow money so we end up with 34 Billion every year, interest on interest, thats over a trillion and a half since 1974 stolen from us and given to the Bankers.

And they don't give a shite if our students go into debt on their student loans. In 1994 Paul Martin bowed to the BIS and IMF and gave them 5 Billion which was supposed to go to our Health Care.

If Canadians really understood how they are being ripped off we would march on parliament in the millions and take over our government for the people by the people.

Vids to watch on you tube: THE CRIME OF THE CANADIAN BANKING SYSTEM

Google Video: Who Killed Canada

For more Research: www.comer.org

Then go to wiki and type in Gandhi and read about Satyagraha

Gandhi did the Salt March we as Canadians need to do is a Money March and force our parliament to give back currency issuing powers back to the people instead of the Crown/British Empire.

We need true independence from the Crown. India did it so can we.

Murray Bell please take the time to educate yourself to what is really going on in Canada. And pass it onto your friends.

Please Read "Corrupt to the Core:  by Dr. Shiv Chopra who worked foer Health Canada for 30 years and was fired for being an honest scientist and a whistle blower of HC's corruption.

Go to Google Video and watch "Who Killed Canada"  by Mel Hurtig

And then a wake up call on how we the people give away our currency issuing powers to private corporations and then pay over 40 Billion in interest every year and could use that money for our Health Care and University tuition for Students.

Just type in Canadian Banking Crime in Youtube

Where have you been in the last ten years, our country is a constitutional Monarchy, our Parliament is ceremonial at best we are micro managed by representatives of our head of state the GG and the Queen and her Financial Oligarchs?

We do not enjoy a free country, we are run by Anglo Dutch Financiers and the Crown in England.

Do you think we have a constitution that supports and affirms that our government holds the people as having the supreme power by the people for the people. No! Far from it.

What's amazing is most Canadians politely support their slavery to the Elites and haven't got a clue what freedom is.

Paying for your house three or four times is freedom? 

Being treated by Health Canada as guinea pigs and eating genetically altered foods is good for your health. Europe has labelling.

www.seedsod deception.com

Making sure you and your family get their third world vaccinations laced with mercury so our child autism rate skyrockets.

Check out Dr. Russell Blaylock's website, a former eminent brain surgeon.

Please go to the Governor Generals website and see what kind of a government we have. It is archaic at best.

I do not pledge allegiance to the Queen and her successors.

Were not in the twelfth century any more. We need a government for the people by the people, a true republic. The green party got more than a million votes and they can't have an MP.  Ridiculous and antiquated. 

I pledge allegiance to freedom, liberty, to a consciousnees of loving, compassion, and above all the right for the people to control the issuance of their currency through our Bank Of Canada.

I pledge allegiance to a true Canadian Republic where the preamble validates above all the welfare of the people shall be penultimate above all.

Pass the quote below to your friends and study what it really means for our Nation to be once again great and even greater.

"Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognised as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile."     William Lyon Mackenzie King

Best Regards

W H Lindemann

To the above comment. "paying for your house 3 or 4 times is free?". Such flawed logic. Along the same lines as "your a slave to the bank". Buddy, no one said you had to buy that house. THAT is the part of freedom that you dont understand. You can live where ever you want. You dont have to buy a house. Geez.

You should be thankful that we have the number one banking system in the world that allows you to borrow that money.Now granted, the banks are not saints by any means, but what do you want? A free house? To borrow the  money for free?

no canada is

What all the posters here fail to realize is debt=money in central bank economies, such as both Canada and the U.S.  A dollar cannot be created (CD or USD) without first creating the debt (bond) to print it. Yes, it is a Ponzi scheme,but both countries, and now all G20 nations, do it. The 11+ trillion USD debt here will be repaid with funds created by more debt in the future. Add to that leveraging up to 40x on created money and the entire world economy is a sham. The US and Canada both are well situated in 'real' assets--educated people, infrastructure, water and other resources and agriculture, power production......Canada is basically empty (Vancouver and Toronto excepted) and this is an asset and weakness should the SHTF so to speak. The US has unequalled military (sure we can be hit but if pushed we can truly decimate any foe), too many people, and a large disaffected underbelly on the verge of revolt. We do live in interesting times.

Keeping with the earlier posts, given the choice I would prefer my US in general over Canada, if one has decent employment, basically has their ducks in a row, taxes are lower here, the best health care in the world is here, and our speech, actions and thoughts are not nearly as censored as the PC Canadienne thought police. I agree Canada tends to be more 'civilized' but I'll take my conceal carry permit, loud neighbors, healthcare I paid for, and freedom to speak my mind about any thing I please.

The real debt from statscan

http://74.125.95.132/search?q=cache:0Al9ycXHjfoJ:www40.statcan.gc.ca/l01/cst01/govt03a-eng.htm+canada%27s+current+national+debt&hl=en&ct=clnk&cd=1&gl=ca&client=firefox-a

I think I speak for all Canadians when saying that Canadians as a whole don't think about Americans unless in amuzement, amazement\stupidity\, or disgust. I'll translate to American, you ain't all that and that's the fact Jack! There is a good saying here, you play it safe you'll never be rich but you'll never be poor. Our Canadian social systems give us that safety which by default makes the population feel secure thus are happy but they also neuter you and make you complacent socially by nature. This is where our two cultures diverge because in America there exists more competition and that is their nature, man o mano, all or nothing instead of I'll do it tomorrow, no worries. So what makes you happy, all or nothing or no worries. To sacrifice a little cash for alot of security for my family is a very easy choice for me, but that's me. Also habius corpus, privacy, bankruptcy, pensions, and right to property still exist here unlike our Patriot Act, Pension Act, Bankruptcy Act, eminent domain neighbors to the south. Free and freedom of speech, I don't think so. Hoodwinked is more like it.

Reference the national debts, the best post here was that money today is and is created by debt. Youtube Money is Debt to learn about this. What will kill the US is when, not if, they lose their world reserve currency status. That is the end game. Expect trillion plus deficits until that happens.

Being fair, Canada will be doomed as well as no FIAT currency lasts much longer than 200 years. The US has existed about 95 years longer than Canada as an independent country so understandably they go first to serfdom. So I guess we have 95 years to say, want a lick, sych but we'll be there as well. So be careful fellow Canadians at poking fun because we will need them too one day.

Lastly, does anything really compare to the Stanley Cup as far trophies are concerned?

Cheers

America has higher income tax levels example in America the higher income tax level is 35.7% compare to 29% in Canada. In Canada the Income Tax levels are the same but the high Income tax are different. My answer the US and Canada are just about the same Tax levels but the High Income levels. But the United States is just higher because of State Income Taxes.

Yeah, well Canada's health system is in shambles. Sure, the government pays for most of it (70% overall) but it's not worth it for a 2 year wait. I am not exaggerating at all.

This is well said about the future of the US economy (it's a safe site btw)

http://brasschecktv.com/page/496.html

I believe that if the economy keeps on getting worse and worse, then the US will no longer be here, we will be apart of different countries like the mideast of US will be apart of Canada and other states like Texas will go to mexico if this Theory is true then I would want to be apart of Canada because I lived there for 8 years and it was great.

I am a Canadian-born, now dual, dual citizen living in Pennsylvania.  My wife and I live in East central PA, Amish country and having spent our first 25 years of marriage in Canada, we considered the Canadian Health System to an excellent system but, we did not experience any major illnesses, therefor, no long delays or tranport to Buffalo or Detroit for emergency treatment.  

Since coming to the US in 1989, I have had employer paid health-care. Even paying a small portion of the monthly premium, along with co-pays and deductibles, because of tax-deductions, we pay less income federal, state and local tax than if we had the same earnings in Ontario.  We feel that we are $5-6000 per year ahead of the game, living in rural PA where property taxes are low and the quality of life is better than any we experienced during our 25 years in various parts of Ontario.

Also, still having family in Canada, we see that they too enjoy a very good lifestyle.  I can say this, as a Canadian, that I suspect your prosperity is largely due to your proximity to the largest market place in the world.  Canada, as a net exporter of many goods, has prospered immensely from the free access to this market and the generally strong US dollar of the past 40-50 years.

Also, as a former 5 year member of the RCAF, I know first-hand that Canada's military role, even  in its own security,  is purely a support role.    You have a lot of great technology, paid for largely by the trade surpluses you enjoy by being on the north side of the world's longest friendly border, your military power is minimal, to say the least.   If you cared enough to equip your men in Afghanistan as well as the US does, you could cut the losses significantly.  The US military is a carreer choice for hundreds of thousand men and women.  In Canada, it has been and still is a last opportunity for high-school drop-outs and underpriviledge, to learn English, get some discipline and education that they could not otherwise afford and make something of themselves, as it did for me.

Again, Canada has benefited enormously from having access to the largest, best equipped, military power ever assembled,  as it's closest neighbour.  In spite of all the vitreol, ridicule and venom  I see here towards the US, I would expect more gratitude.  It is a fact,  fact that we now have a president that is taking a bad situation and making a catastrophe out of it, Canadian had better hope and pray that they are never attacked as the US was in September, 2001.  You know that this military might just south of your borders will be the first to come to your aid when called upon.

No country, in the history of the world has ever been the supplier of more humanitarian aid, expecting and receiving nothing in return, than this USA,  which I am very proud now to be a citizen of.  By the way, this is my first month of Canada Pension and OAS and I thank you for it.   But I paid for it over a 25 year paid.   My Social Security here, after only 19 years, is considerably higher than what I receive from Canada. Thanks also for the cheap gas for my car.  We pay about $1.00/gal less than you do.

Canadians hate the US so badly that they line up for miles each Friday evening along the border to take advantage of the huge selections of low-tax goods and services available to both of our countries.  Also, you hate this country so badly that 20% of your population, the ones with the money, disappear to Arizona and Florida every year to escape your unhospitable climate.  I don't hear many complaints about the US from the Canucks  we know who visit here with us each each year and who know better.

You who like it there and have never taken the time to study our similarities, continue to enjoy Sears, Canadian Tire, and The Bay.  We have Sears, Target, Wal-mart Supercenters, Lord and Taylor, Macy's, Sak's Fifth Ave, JC Penney, Burlington, Best Buys, all of whom know what deep discounts are all aboot.    I do miss Swiss Chalet but, again, we have enough others to fill the void many times over.   We will survive.   Even my US-born wife, loves Canada but she equates the shopping experience as similar to that of Turkey or Russia.  Canada is not a shopping Mecca  orthe place to go for the bargains, with the possible exception of moose-hide moccasins......even with a 30% currency advantage.

This country has made some huge judgement errors in recent years.  Most of us on Main Street USA  know it better than the politicians because we feel it first.  The American spirit in rural USA is alive and well.  We will rise up again and overcome these current problems because, even though it isn't as visible as it once was, we are a "Christian" nation.  Yes, it is imbedded permanenlty in  the Constitution and the US Bill Of Rights.  Be assured,  we will rise above all of the greed and corruption we have seen recently in the mainstream media and we don't require your attitude of disgust or accusations of stupidity as I see in some of your narrow opinions.

So, as a Canadian First, I am asking you, who hate us,  to be quiet awhile and let us regroup.  You have been listening to the Liberal media on both sides of the border,  too long and your opinions are seriously warped.

Most people I know in our community love Canada...... and they love Canadians, what little they know about them so, lighten up a bit, EH?   We are similar in more ways than you think.

A quick trip to the Ozarks, Tennessee, Kentucky  and some areas of the deep south will be amazingly similar to a visit through Northern Ontario or Newfoundland.

Uhhhh.....Actually Taiwan has the best medical system so as someone from the us both our countries suck when it comes to healthcare..so! ;p

Cumfiesta.com gets rid of all our problems guys.... all of them

Debt? - as a Canadian, if one day I was magically granted the rights that an American has (takes for granted), I would fall to the ground and praise the lord. I get a kick out of these ppl who come up here because they think we are morally superior because we have less rights than Americans and expect the government to do everything for us (because it's the socialist Canadian way). Life is harder here, the Vietnam draft dodgers figured that out and ran back home for the most part when Carter pardoned them all.

I would certainly like to see an upday in mid 2009!

Go to Orrin Woodwards blog site at http://orrinwoodward.blogharbor.com/blog and watch the video on the June 18/1009 post about USA's national debt.  USA isn't really at 8 trillion.  Today its at 11 Trillion and when you include social security and medical debt, USA's total national debt is actually $53 Trillion!  Remember Canada is on the same track as USA going downhill, we just have a smaller population so our problems look on a smaller scale, and we are just a little ways behind the USA in our downward spiral.

I thank God eveyday Im not american

I just read some other posts about people saying how great the american health care is. How great is it for the people that cant afford health care. Here its great you will get treated no problem. Hows that new coup you guys just pulled off in Honduras going by the way, just another dirty american war.

I am a dual citizen from being born in Canada. Would it be better to start a family in canada or the United States? Particularly regarding child development.

I have seen reports whare the true National Debt of the USA when all shortages are counted in like SS, Medicare and many other Social programs presently in force, it stands actually at over 100 trillion dollars.

Maybe the writer of this article needs to do some checking!