Quote:
Originally Posted by chemgear
Runaway spending and borrowing money to operate to pile up $60,000,000,000 in outright debt.
We are already going to be paying $2,000,000,000 a year in debt servicing from now on for that NDP vote.
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I've seen this number quoted in a number of places and am a little puzzled as to where it is coming from. Might be I am missing something but the the NDP has been on power for 4 years correct (or is it 5?). So that works out to a deficit of $15 billion/year on average each year they were in power (or $12 billion if it is five years). I know they have been running large deficits but I do not recall seeing anything approaching $15 billion in any single year let alone all four years so where is this $60 billion coming from? Or has the debt compounded to the point of these four years coming out to $60 billion in new debt since they took power? I'm not talking about what they inherited, I would simple like to know what they are responsible for in the time they were in power.