Part 1 of Essay
Few national economic issues have generated the same kind of concern as has the federal debt problem of Canada. There is a pressing need for long-term policies to lift Canada out of the national debt hole it is in. Eliminating the debt will not only free up money being spent on interest and reduce taxes, but make Canada ....

Part 2 of Essay
.... for governments to slow the debt, much less eliminate it. Our federal debt grows all by itself to the tune of approximately ninety million dollars every day. This may seem hard to digest, but it is reality. The need for debt elimination is vital if Canada wants to free up billions of dollars being spend on interest payments. Two approaches may be taken to this. First, an increase in government revenues through higher taxation may be considered. However, taxes are already at a point where some people feel t ....