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PORTLAND'S MORNING NEWS

Did The Supercommittee Know This?


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Canada was at the edge of a fiscal cliff in 1994. Spending and debt reached a point where the Canadian government was concerned that no one would lend it money.

The short of version of how Canada got out of its fiscal crisis is this: They cut spending in a big way. They knew they had no choice. Some brave politicians put the bitter medicine above their careers.

A friend sent me this article.   I thought you might find it interesting.

-Steve Leader

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