What of the United States ballooning debt?
As of 2009, the US gross debt totals over $11 trillion dollars, an indisputably giant number. However, once this number is put into relative terms, US debt is comparable to Canadian debt. According to the OECD as a percentage of GDP, US debt is 73% and Canada 63%. The CIA lists it at 61% for the US, and 64% for Canada. Clearly, both countries need to control their spending better, but Canada’s challenges are just as great as the US’.
