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
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
Tags: Canada, 1994, fiscal crisis, guts
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