Interest Bearing Debt
Types of Debt
- Public or Government (National & Regional) Debt, is always born by taxpayers
- Private (Comercial & Personal, also born by the taxpayer
- Usurous Interest Bearing Debt, usually compound, the standard to which we are accustomed
- Non-Iterest Bearing Debt, Fair & Just, necessary for sustainability
Q. Can Public Debts ever be paid off?
A. No! No theories involved. It is not possible to ever pay it off. There is a little story that explains why.
Canada's Public Debt
Paying Only the Interest on public debt in 2012 will cost Canadian taxpayers $170 million per day
- About one third of all personal income taxes, pays just the interest on the public debt
- You or someone you know, as a taxpayer, pays the interest on the national debt with their "production"
- General Information:
- Index Mundi
- Department of Finance Canada and budgets
Credit or Debt Awareness initiatives seek to inform households that $150 debt is bad when income is $100. And our government is doing what when issuing its bonds?
Debt Clocks
You will notice that the Canadian federal government doesn't provide one, but Stats Canada has this.Canada's National Debt (requires javascript) - thanks to nationaldebtclocks.com
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One of the problems facing all debt clocks is their inability to access timely data. Therefore, extrapolation is the only alternative. Despite this, they still provide a window on the "current debt."
Canadian Taxpayers Federation's Clock (not for all browsers)
Dynamic Version and Refreshable Version
Stingy Investor's clock includes provincial & municipal debt (requires Java)
U.S. National Debt Clock by Ed Hall @ brillig.com (req's a text browser, refresh page to update)