Anybody want to see what Canada might just look like in 4 years.
$1:
Ontario's outstanding gross amount of debt in the form of government-issued bonds was 267.5 billion Canadian dollars ($240 billion) in the 2011-12 fiscal year, while California's stock of debt was $144.8 billion.
But that figure understates the disparity between the two jurisdictions because California has a much larger economy and government revenues than Ontario, the Fraser Institute says.
Gross debt in bonds is 7.6% of California's economy, while it is a whopping 40.9% of Ontario's, the report says.
Put differently, as a share of the economy, Ontario's debt is more than five times larger than California's, it says.
Of course, since this report is from the Fraser Institute it's all a fabrication created by right wing haters and if the truth be known, Ontario is actually pretty much debt free and has the most robust economy in the world.
http://blogs.wsj.com/canadarealtime/201 ... st-glance/But here's a question. What's one of the biggest common denominators for both this Gov't and the current Federal one?
