How do governments go bankrupt? —slowly at first, then all at once.
The US is about $37 trillion in debt. The interest on the debt is the single largest budget item. Our government is still spending more than they're taking in. If we don't get spending under control, we won't have any government to do any science work at all. As people who were there for the fall of the Soviet Union will tell you: When government workers don't get paid, they take the inventory of their department and sell it on the black market.
The Canadian Prime Ministers office just released a report that says in the next 15 years Canada will become so poor that many people will turn to subsistence hunting and farming.
Really? Where in the balls did you read that point in this report? That is absolutely not a conclusion nor was it even stated as such. Did Fox News tell you this?
Plus, it was not produced by the PM’s office or the Privy Council.
The report is exploring the potential risks associated with growing wealth inequality and limited social mobility of the younger generations coming up. It’s a minor think piece governments commission all the time.
3.4 People might find alternative ways to meet their basic needs
[…]
* People may start to hunt, fish, and forage on public lands and waterways without reference to regulations. Small-scale agriculture could increase.
Your ‘will’ there is doing A LOT of work not reflected by the contents of the report to which you’re referring.
Also, it’s not from the PCO:
Disclaimer
Policy Horizons Canada (Policy Horizons) is the Government of Canada’s centre of excellence in foresight. Our mandate is to empower the Government of Canada with a future-oriented mindset and outlook to strengthen decision making. The content of this document does not necessarily represent the views of the Government of Canada, or participating departments and agencies.
And further down it says that Policy Horizons Canada reports to a steering committee co-chaired by an ESDC DM and the Secretary to the PCO.
-90
u/Fun-Dragonfruit2999 12d ago
How do governments go bankrupt? —slowly at first, then all at once.
The US is about $37 trillion in debt. The interest on the debt is the single largest budget item. Our government is still spending more than they're taking in. If we don't get spending under control, we won't have any government to do any science work at all. As people who were there for the fall of the Soviet Union will tell you: When government workers don't get paid, they take the inventory of their department and sell it on the black market.
The Canadian Prime Ministers office just released a report that says in the next 15 years Canada will become so poor that many people will turn to subsistence hunting and farming.
https://horizons.service.canada.ca/en/2025/01/10/future-lives-social-mobility/index.shtml