Finance Committee: National Debt per Person; Debt to GDP Ratio

At the Finance Committee meeting on February 3, I had the opportunity to question expert witness Franco Terrazzano from the Canadian Taxpayers Federation. We dealt with government spending and how that is racking up a very alarming share-per-Canadian debt (on track for $67,000 for every man, woman and child!), and the rapidly escalating net debt to GDP ratio, which is a measure of government's ability to manage the debt it is accumulating. Mr. Terrazzano says it appears the government is funding its operations by using the printing press.