During this federal election campaign, Canada’s federal debt monster has been pretty much ignored to continue to grow at a rapid pace.
There is one group, however, that thinks of little else. They call themselves Generation Screwed, a somewhat crude moniker, but accurate nonetheless.
It’s Generation Screwed’s hope that running massive deficits and adding to Canada’s $695.6-billion debt by promising citizens all sorts of goodies with their own money will once again become unpopular — as it was in the 1990s and early 2000s — and their future will not be so threatened by spendthrift political leaders.
“If there’s one thing we want politicians to understand is really quite simple math — overspending equals debt, and debt is an unfair tax on Canada’s younger generations and those not yet born,” said Kris Rondolo, the executive director of Generation Screwed.
Rondolo’s organization — which is the youth arm of the Canadian Taxpayers Federation — has a handy, though frightening, online calculator at mytaxburden.ca.
Canada’s debt is growing by $54.25 million per day — or $2.26 million per hour — according to the CTF’s debtclock.ca.
“When I speak on campuses I ask students how much they get paid per hour. Most make the minimum wage, so about $15 an hour. Then I point out that every single hour of every day adds two-and-a-quarter million dollars to Canada’s debt as a result of interest costs. That kind of opens their eyes more than mentioning the entire debt of more than $690 billion. That’s such a big number it’s bonkers,” says Rondolo.
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See Also:
(2) Trudeau dodged the real issues at debate
(4) Forgive, and maybe voters will forget
(5) Too many personalities, too little time at leaders’ debate
