this post was submitted on 23 Apr 2026
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Well I actually just divided $39 trillion by $1.3 trillion all by myself. I made a mistake in my comment and did not state that I was referring to net debt to GDP ratio, which the FRED and IMF and others track. You are correct that gross debt to GDP ratio favors the States. You are also obviously looking right past the column that shows the U.S.’s much larger gross debt, so I’m again curious why you just state “Canada’s debt is higher” when you can see that it isn’t.
I'm also the only one that actually bothered to include my source. There's always multiple ways to compare. I would say both Canada and USA have a debt problem. Freeland resigned because the budget came in with a $50+BILLION dollar deficit, Carney's last number was over $70B. (I didn't look it up, the numbers may be a bit off)