- Joined
- Dec 15, 2022
I just want to know when we reach the point where the government basically runs out of credit.
At the current rates it's about 19 years give or take before the interest payments on the deficit are larger then incoming taxes
Now of course shit will get fucked up long before that. plus Carney has already said he will need to raise taxes and cut back services so it could stretch out another decade or two but who really knows.
We could see a Canadian default situation in your lifetime but if shit doesn't radically change it will be your children's future for sure