[Newsbot]

Title: How Canada Cut Spending and Got a �Payoff Decade�
Written By: NAUWATCH
Date: Monday, November 28 at 20:14
From Reuter’s interview with former Canadian Prime Minister Jean Chretien in August came a much fuller understanding of the forces that moved the Canadian economy from a basket case to a decade of robust growth and budget surpluses.
A liberal much in the mold of liberals in the Democrat Party in America, Chretien took over in November 1993 as his country was suffering from high unemployment, a stagnant economy, and increasing interest rates on its national debt. Its ratio of debt-to-GDP was approaching 70 percent while its annual deficits were nearly 6 percent of GDP and increasing. The economy was ranked just above Italy among the Group of Seven, Canada’s peers. As Scott Clark, Chretien’s Deputy Finance Minister put it: “We used to thank God that Italy was there because we were the second worst in the G7.”

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[siamdave]

No comment from the poster - was this intended as humor? It's quite a good example of something written by a history revisionist-manager of some sort - it has almost nothing to do with 'reality', but is what the rulers would wish the ignorant/indoctrinated masses to believe, the 'story-book' version of 'history' taught in school, etc. these days. (a somewhat more honest look at what caused the "debt" of such concern is offered here - What Happened http://www.rudemacedon.ca/what-happened.html )