Wednesday, 7 December 2016

Canadian Debt Skyrockets as Government hands out Billions.

People in Canada are concerned with the amount of money being doled out to other countries.

Every time Canada hands out hundreds of Millions of dollars to Foreign countries and new immigrants it only means that the Canadian Debt goes up.
The only way this Debt is paid for is through Higher Taxes and other hidden fees. Like the "Delivery Charges" on your Hydro Bill.
Canadian Debt is Out of Control and spending needs to Stop.

As an example of Excessive spending look at just how much a family earning 30,000 with 12 kids can make in Canada.... 

Controls need to be put in place so that these benefits are not being abused.    http://www.budget.gc.ca/2016/tool-outil/ccb-ace-en.html


Trudeau Sending too much money Overseas ... http://www.huffingtonpost.ca/keith-beardsley/trudeau-deficit_b_9226722.html








Personal Debt keeps climbing ... 11 Trillion Worth

The national debt comes up all the time in politics, but what the government owes might be less important to the economy than what people personally owe.


Today, Americans owe more than $11 trillion worth of debt. Roughly $830 billion of that is delinquent, unpaid or in collections.


Not good.  -  Marketplace.org

Wednesday, 30 November 2016

US Household Debt on the Rise again.

Household debt increased in third quarter 2016 .


Delinquency rates are on the rise with an especially troubling trend in auto loans, the New York Federal Reserve said Wednesday.


Total debt balances nationwide rose 0.5 percent in the three months ended in September compared with the previous quarter, an increase of $63 billion, according to the New York Fed's quarterly household debt report.


That puts total debt nearly 11 percent above the recent low point of the 2013 second quarter.  - DailyMail