Canada moves closer to point of no return when it comes to our national debt

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Canada moves closer to point of no return when it comes to our national debt

By Frank Stronach There’s an old bit of wisdom courtesy of Ernest Hemingway that you go broke two ways: first gradually, then suddenly. With last week’s federal budget, Canada is inching closer to the sudden phase of fiscal disaster. The Canadian government projects another five years of deficit spending and over a hundred billion dollars added to our already crushing debt. Worst of all, there is no end in sight to government borrowing, and no p…