Growing public debt from one year to another. And quite fast, too.
"Canada’s federal debt grew steadily between 5% and 10% per year until 1975. For the next 12 years it grew on average over 20% per year. It surpassed $100 billion in 1981, $200 billion in 1985, $300 billion in 1988, $400 billion in 1992, and $500 billion in 1994. It peaked at $563 billion in 1997. The debt then declined to $458 billion by 2008. With the recession, the federal debt grew by $5.8 billion in 2008-09 and is expected to grow by $55.9 billion in 2009-10. November 2012 Canadian debt surpassed the $600 billion mark"
You better check your sources before commenting. Or maybe you are one of those to think that federal debt is not an issue and that you never need to pay it back. You are in for a big surprise.
