13, 2009. OTTAWA — The war in Afghanistan has helped push federal government spending in this country to a 60-year-high, says a new report from the Canadian ...
The last federal budget contained a five-year forecast showing that, by 2013-14, the budget would be in surplus. In September, this was revised to a deficit ...
"The price tag for the stimulus is high with large budget deficits, but it is still lower, relative to GDP, than the peaks reached in the early 1990s. ...
"There's not going to be much further improvement unless policies change," such as higher taxes to discourage kids on a budget and further limits on public ...
Now consider the US budget deficit for 2009 was close to 13 percent of our gross domestic product. And that's just the portion of federal spending added to ...
Interest payments on that debt consumed nearly $200 billion of the federal budget in fiscal 2009. In other words, lawmakers have more reason than ever to be ...
Decades of living beyond its means has resulted in a federal deficit this year of around 1.5 trillion dollars and a national debt of $US 12 trillion dollars ...
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