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<blockquote data-quote="klein" data-source="post: 700553" data-attributes="member: 23950">I read the article about Canada. Yeah, it makes sense to add the provincial debt to it.Just where I live, we have no provincial debt. Actually, some $15B saved up in a so called Heritage Fund.(extra money for a rainy day).It&#039;s a shame, that Ontario was once the richest province in Canada, and now 1 of the most in debt.But, even if the debt is higher then they calcuated, we have enough natural resources to pay for it all.I&#039;m not worried.&nbsp;What that article didn&#039;t get correct, however, was the percentage of growth. We already had more growth, then that article had estimated.No one can forsee the future. Could be a double dip recession, maybe another war, or even a huge natural disaster ahead, to change all those forecasts.We could maybe even see peace in the middle east (afghanistan, Iran, Iraq), and one or all of them, could export oil for goods, and help the worlds economy.Who knows what the future holds ?Our budget has a 5 year term.&nbsp; A lot can happen in 5 years..</blockquote>

[QUOTE="klein, post: 700553, member: 23950"] I read the article about Canada. Yeah, it makes sense to add the provincial debt to it. Just where I live, we have no provincial debt. Actually, some $15B saved up in a so called Heritage Fund. (extra money for a rainy day). It's a shame, that Ontario was once the richest province in Canada, and now 1 of the most in debt. But, even if the debt is higher then they calcuated, we have enough natural resources to pay for it all. I'm not worried. What that article didn't get correct, however, was the percentage of growth. We already had more growth, then that article had estimated. No one can forsee the future. Could be a double dip recession, maybe another war, or even a huge natural disaster ahead, to change all those forecasts. We could maybe even see peace in the middle east (afghanistan, Iran, Iraq), and one or all of them, could export oil for goods, and help the worlds economy. Who knows what the future holds ? Our budget has a 5 year term. A lot can happen in 5 years.. [/QUOTE]

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