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Canada’s Lessons for the U.S. Debt Crisis

1 min read

Economist David Henderson discusses the U.S. debt crisis and what we can learn from how Canada handled its own looming fiscal catastrophe in the mid-1990s.

Related material:

Mercatus Center Working Paper No. 11-25, “Canada’s Reversed Fiscal Crisis” by David R. Henderson and Jerrod Anderson (May 2011)

Mercatus Center Working Paper No. 10-52, “Canada’s Budget Triumph” by David R. Henderson (August 2010)

More on the U.S. debt crisis deal in Congress from TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Foundation analyst Nick Kasprak here.″ height=”27″ type=”application/x-shockwave-flash” width=”400″>

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