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Slopaganda: Coordinated network of inauthentic YouTube channels are pushing secession to Canadians at Alberta and even U.S. annexation. (www.cdmrn.ca)
submitted 6 months ago by to c/technology@lemmy.world
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[+] -7 points 6 months ago* (last edited 6 months ago) (4 children)

You do realize Canada's debt is higher than USA, right?

EDIT: Always worthwhile getting downvoted but no evidence to the contrary. Typical.

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  • [–] 4 points 6 months ago* (last edited 6 months ago) (3 children)

    The USA’s debt is about 30 times greater than Canada’s debt. Canada’s total debt is actually lower than the USA’s annual federal deficit. Canada’s *net debt to GDP ratio is far better than the U.S.’s at about 10% compared to over 100%.

    Did you specifically mean household debt?

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  • [–] 1 point 6 months ago* (2 children)

    If you lookup debt as a percentage of gdp

    USA - 88.454%

    Canada - 136%

    If you compare debt by capita:

    USA - $75.8K per person

    Canada - $76.4K per person

    I'm using numbers from here:

    https://worldpopulationreview.com/country-rankings/countries-by-national-debt

    Which source is telling you USA debt is 30 times greater?

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  • [–] 2 points 6 months ago* (1 child)

    Well I actually just divided $39 trillion by $1.3 trillion all by myself. I made a mistake in my comment and did not state that I was referring to net debt to GDP ratio, which the FRED and IMF and others track. You are correct that gross debt to GDP ratio favors the States. You are also obviously looking right past the column that shows the U.S.’s much larger gross debt, so I’m again curious why you just state “Canada’s debt is higher” when you can see that it isn’t.

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  • [–] 1 point 6 months ago*

    I'm also the only one that actually bothered to include my source. There's always multiple ways to compare. I would say both Canada and USA have a debt problem. Freeland resigned because the budget came in with a $50+BILLION dollar deficit, Carney's last number was over $70B. (I didn't look it up, the numbers may be a bit off)

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