National Debt 101
🇨🇦 Canada’s national debt grew significantly under Mulroney, Harper, and Trudeau. But who added the most? 🤔 Let’s break it down! 🧵
#Canada #DebtExplained
2/ Mulroney (1984-1993)
📈 Mulroney increased Canada’s debt from $157B to $487B. That’s a BIG jump! 💸
👉 Why? Economic troubles & high-interest rates.
#CanadaDebt #Mulroney
3/ Harper (2006-2015)
📊 Harper’s debt increase wasn’t as dramatic. It rose from $481B to $542B.
👉 Why? Global financial crisis (2008) forced spending to save jobs. 🌍💰
#Harper #DebtCrisis
4/ Trudeau (2015-Present)
🚀 Trudeau doubled the debt from $616B to $1.2 TRILLION! 😲
👉 Why? Pandemic spending, big projects, & ongoing programs.
#Trudeau #CanadaDebt
5/ Debt Per Person
👨👩👧 Under Harper: ~$1,776/person in new debt.
👨👩👧 Under Trudeau: ~$30,000/person. 💵
That’s a HUGE jump!
#DebtBurden
6/ Who Added the Most Debt?
✖️ Combined, Mulroney Harper increased debt a lot.
✔️ But Trudeau takes the lead for the BIGGEST increase!
What does this mean for YOU? Future taxes? Inflation? 🤷♂️
#EconomicsForAll
7/ Why Does Debt Matter?
💡 More debt = More interest to pay.
👷 Less $$ for schools, hospitals, and roads.
👛 Debt affects YOUR family’s taxes in the future!
#ThinkAhead #CanadaDebt
8/ Final Thought
🧐 Managing debt is like budgeting your allowance: spend wisely, but save for rainy days! 🌧️
What do you think about Canada’s growing debt? Share your thoughts! 💬
#StayInformed #LearnEconomics
End of 🧵.