Editor:
Could you please explain to me why all politicians go on about the surpluses of money we have? Right now B.C. is over $66,000,000,000 in debt, increasing by $1,000 per minute – with each resident (including children) owing over $12,000. This is up over $2,000 from last year.
Canada is $700,000,000,000 in debt with each resident of Canada (including children), owing $18,000.
Twenty-four per cent is owed to life insurance and pension plans, 22 per cent is owed to mutual funds and investment dealers, 15 per cent to non-residents, and the balance to banks and other financial institutions.
How can this be called a balanced budget? And where would I come up with my share of $30,000 should these debts be called?
Lori Edwards, Gibsons
