Canada posts surplus and targets debt reduction

McRocket

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'Canada reported a double-digit budget surplus for a second straight year on Thursday and said paying down debt would remain its top priority, but it shied away from introducing any new tax cuts.'

'Canada is the only Group of Seven country that is running a budget surpluses and its latest surplus came in C$4.6 billion higher than it had forecast in its March 2007 budget.'

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I was somewhat proud, but mostly disappointed to read that the other Group of Seven countries are running budgetary deficits. I thought we had all learned the debt lessen in the 70's/80's/early 90's?
 

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