It’s time for Ottawa politicians to take deficits seriously again and tighten their belts like the rest of us. Read on
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To balance the budget two decades from now, the average interest rate charged on the debt must be about 2.5 per cent. Right now, according to the PBO, the government is paying 1.7 per cent. Maybe interest rates will stay that low forever. Maybe. But 2.5 per cent is lower than interest rates were every year between 1991 and 2015. And following July’s
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