Per Capita Canada Is Clearly in Far More Debt Than The United States, At The Very Least The U.S. Can Justify Its Debt With Its Military – November 18, 2023
In U.S. dollars, $2.1 Trillion Canadian currently equates to USD 1.53 Trillion, which would still equate to Canada being in far more debt than the United States.
The United States has a population nearing 340 million people, whereas Canada’s population just passed 40 million. Let’s do some simple math here. The US national debt is reaching 34 Trillion.
USA Population and Debt: 340/34 = 10
Canada Population and Debt: 40/1.53 = 26.14
At the very least, the United States, even with what I consider to be the worst President in U.S. history, still has the ability to defend its borders via its military. Meaning that if America found itself in armed combat, it’s military, along with with its mostly ARMED citizenry, could defend itself.
https://richinwriters.com/vid/Why-Socrates-Hated-Democracy.mp4
Canada, on the flipside, requires major assistance from the U.S taxpayer to defend its borders, in fact, if Canada found itself in armed combat, it would make more sense for the United States to Annex Canada because doing that would save Americans the bureaucracy of the Canadian government, and the Canadian military would likely lose a war to the NYC police department.
When economists fudge the numbers, it appears that the United States is in the worst debt in the world, but this is entirely false. Even with all the madness happening in the United States right now, even if you do an HONEST accounting, the U.S. economy is still better than most of the economic SHIT holes in the Western World.
If people are curious as to why people haven’t dumped the U.S. dollar, the Canadian-U.S. comparison provides some clarity. It’s not that the United States doesn’t have its problems; it’s just that quiet nations like Canada have far more problems than most people care to pay attention to.
Canada is insignificant in the global arena, especially now, with their current idiot Prime Minister; however, Canada is not alone with these types of HORRIFIC Western finances.
What separates countries like the United States, Switzerland, and everywhere else is how debt is structured. In Canada, they have a Transfer Payments, an equalization payments scheme that rewards incompetent PROVINCES/States with Federal government welfare stolen from solvent Provinces in Canada.
Neither the U.S. nor Switzerland has this silly transfer payments scheme, so for example, when the government of California creates bad FISCAL policies, then California has to live within its means.
New Yorkers made the mistake of voting overwhelmingly for Joe Biden and also calling themselves a sanctuary State for illegal immigrants to the United States, so the PROGRESSIVE Democratic government of New York State recently had to engage in AUSTERITY measures by shrinking its size of government to accommodate the illegal migrants.
In Canada, no such mechanism exists to even attempt to balance the books, so when the Progressive Socialist Province of Quebec decides to grow the size of its PROVINCIAL Government, the Federal government of Canada will then BLATANTLY and LEGALLY steal money from Solvent Fiscally responsible Canadian provinces as well as it will borrow money from the Bank of Canada to pay for Quebec’s expansion of its public sector.
Canadian Equalization Payment Numbers in 2023
- Quebec: $14 billion
- Manitoba: $3.5 billion
- Nova Scotia: $2.8 billion
- New Brunswick: $2.6 billion
- Prince Edward Island: $561 million
- Ontario: $421 million
There is no incentive in Canada to change this system, and it’s for this reason why, in Canada, their PROGRESSIVE movements are putting Canadians in debt at a far more rampant pace than Americans can even imagine.
Below is the Trudeau popularity tracker by Angus Reid; if the data does not show up below, you can click the link provided or search for “Trudeau popularity in Google”.
Approve/Disapprove of Prime Minister Justin Trudeau | angusreid.org
Interesting times ahead!