Canada’s debt clock keeps on ticking

Dear Editor:

Because of the federal government’s past excesses, taxpayers are paying $75 million a day in interest payments on our debt. (Source: www.debtclock.ca)

According to this clock as of Wed. Aug 8: Federal Debt is: $842,184,648.210.05

Your federal share: $23,000.

Growth of Debt per day: $940,273,972.60 PLUS: Provincial Debt:

B.C. Debt Clock: $72, 160, 362.97: Your share: $14.229.00

Alberta Debt Clock: $75,150.885.84: Your share: $17.191.00

Saskatchewan Debt Clock: $12,360,133, 50: Your share: $10, 601. 00

Manitoba Debt Clock: $26,093,402, 620.55: Your share: $19,503,00

Ontario Debt Clock: $359,354,058,808.41: Your share: $24,669.00

Quebec Debt Clock: $189,463,935,954.64: Your share: $22,329.00

New Brunswick Debt Clock: $13,772,886,096.43: Your share: $17,729.00 (New Brunswick’s debt is decreasing.)

Newfoundland Labrador Debt Clock: $26,099,402,620.55: Your share: $19,503.00 (Newfoundland’s debt is decreasing.)

Nova Scotia Debt Clock: $15,352,182,863.29: Your share: $15,914.00

Prince Edward Island Debt Clock: $2,269,868,315.81: Your share: $14,667.00

Except for Newfoundland and New Brunswick, all provincial debt is rapidly increasing. Your share: Federal debt refers to individual federal debt of all citizens in Canada. Provincial debt refers to provincial citizen individual debt.

I don’t believe the debt clock refers to the recently accrued debt due to the COVID-19 crisis.

Elvena Slump

Penticton