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John Robson: We’re Living Beyond Our Means, and That Spells Trouble if the Economy Tanks

John Robson: We’re Living Beyond Our Means, and That Spells Trouble if the Economy Tanks
Both the federal government and Canadian citizens have been indulging in spending and borrowing for decades while ignoring warning signs, writes John Robson. The Canadian Press/Justin Tang
John Robson
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Commentary

Canadian debt is very much on my mind. Well duh, with next week’s federal budget depending on bond traders being so fuddled by splitting total borrowing into Borrowing A (Good) and Borrowing B (Bad), that they can’t add A and B and get Borrowing C (Scary). But actually, my concern is private borrowing because, if the budget doesn’t work out well, are we ready to weather the storm? Heck no. And we don’t care.

John Robson
John Robson
Author
John Robson is a documentary filmmaker, National Post columnist, senior fellow at the Aristotle Foundation, contributing editor to the Dorchester Review, and executive director of the Climate Discussion Nexus. His most recent documentary is “The Environment: A True Story.”