Balance the Budget
Tell Harper and Flaherty to keep their promise
See the latest debt clock news coverage …
Canada’s federal debt is growing at a rate of $1,024 per second. That’s $61,454 per minute and $3.7-million per hour. This level of borrowing is costing Canadians not just the principal, but interest each year. In fact, the federal government spends $31.5 billion per year just paying the annual interest on the debt.
Between 1997 and 2008 the federal government was running surplus budgets and paying down our debt. Every cent and more of that $105 billion paid-off during the decade has now been re-borrowed and spent. There’s no end in sight until 2015-16.
If Canadian’s wanted more spending, more taxes and more debt, they would have voted for it. The CTF is urging the government to honour their promise to balance the budget by 2014-15. The solution to the debt crisis is not more debt.
Use the buttons below to contact Finance Minister Jim Flaherty and Prime Minister Stephen Harper, to sign the petition to balance the budget, and to donate a few dollars to the campaign. Canadians need to stand up and be heard on this important issue.
UPDATE: On November 8th, 2011, a mere seven months after Prime Minister Harper made his solemn pledge to Canadians, Finance Minister Jim Flaherty announced the Harper government would not meet their commitment to balance the budget by 2014-15.
Related Articles:
News Releases
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December 28, 2011
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November 08, 2011
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June 10, 2011
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March 26, 2011
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In the News
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June 13, 2011
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March 24, 2011
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March 24, 2011
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March 09, 2011
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Commentaries
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December 03, 2010
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October 08, 2010
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August 10, 2010
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June 01, 2010
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February 21, 2011
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March 12, 2010
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December 02, 2009
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Canada's Federal Debt
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The federal government is adding $88 million a day to our debt. At this rate, the $105-billion in debt repayment between 1997 – 2008 will be wiped out this year. Support our campaign for a federal balanced budget law and help us STOP this clock.
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