Canada’s Budget Triumph
Henderson, David R.
MetadataShow full item record
A federal government runs a large deficit. Deficits are so large that the ratio of federal debt to Gross Domestic Product (GDP) approaches 70 percent. A constituency of voters have gotten used to large federal spending programs. Does that sound like the United States? Well, yes. But it also describes Canada in 1993. Yet, just 16 years later, Canada’s federal debt had fallen from 67 percent to only 29 percent of GDP. Moreover, in every year between 1997 and 2008, Canada’s federal government had a budget surplus. In one fiscal year, 2000–2001, its surplus was a whopping 1.8 percent of GDP. If the U.S. government had such a surplus today, that would amount to a cool $263 billion rather than the current deficit of more than $1.5 trillion.
Working paper No. 10-52, September 2010
Showing items related by title, author, creator and subject.
Neal, Erik J. (Monterey, California. Naval Postgraduate School, 2002-06);This thesis shows that a combination of "bracket creep" and legislated tax rate increases during the Edmund G. "Pat" Brown and Ronald Reagan governorships caused individual marginal tax rates to increase as much as 600 ...
Summerour, Thomas J., Jr.; Wilson, Dennis E. (Monterey, California: Naval Postgraduate School, 1990-12);This study examined the productivity of the Standard Army Automated Contracting System (SAACONS) and the Standard Automated Contracting Systems for Federal Agencies (SACONS-FEDERAL). Both systems were analyzed in a beforeafter ...
Malokofsky, Nicholas C. (Monterey, California. Naval Postgraduate School, 2012-12);Is the current budget and debt of the United States a concern to its national defense Does debt held by foreign nations, particularly China, give them soft power over the United States The current national deficit is more ...