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Sep 29 2026

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Is now the time to cut up the government credit card?

September 2026

Canada’s combined federal and provincial government net debt now exceeds $2.4 trillion. Interest on federal debt is around $59 billion per year, while the interest on provincial debt $16.2 billion per year. So, can someone tell me why PM Mark Carney has pledged more than $600 million in aid for Palestine since the Israel-Hamas war started in October 2023? I only ask because we have a lot of people in Canada who could use that kind of money, including the numerous First Nations communities that lack adequate housing and clean water.

About the author

Bruce Forsyth

Bruce Forsyth served in the Royal Canadian Navy Reserve for 13 years (1987-2000). He served with units in Toronto, Hamilton & Windsor and worked or trained at CFB Esquimalt, CFB Halifax, CFB Petawawa, CFB Kingston, CFB Toronto, Camp Borden, The Burwash Training Area and LFCA Training Centre Meaford.

Permanent link to this article: https://militarybruce.com/is-now-the-time-to-cut-up-the-government-credit-card/

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