Tag Archives: debt
When is debt not debt? When it belongs to your friends.
Though Vaughn Palmer is not as obnoxious or snide as others in BC’s Senate-track press corp, his refusal to be honest about our debt is maddening. The central problem is that the BC Liberals have gone on a spending binge since 2005, but most of it is not counted as debt. The Liberals have been […]
Some thoughts on consumer debt, inequality and taxes
A recent report from Transunion, a Canadian credit agency, shows that consumers in B.C. carry the largest debt load in Canada. This debt includes credit card debt, but not mortgage debt. Given the real estate prices of urban British Columbia, it’s doubtful that adding mortgage debt would improve B.C.’s debtor status. This status, of course, […]
OECD Measures Debt via GDP
One of the most important but confusing economic benchmarks is the level of debt carried by a nation. Is it in constant or inflated dollars? How do we account for population growth and inflation? Adding to the complexity is the different levels of government in a country like Canada. Probably the best way of measuring […]