on Cdn. Gov't Debt

D - this is a pic of debt held by foreigners.
Notice how suddenly Japan looks OK.
Their debt is largely held by the people of that nation.
Then look at us.
Sure, not quite as bad as the USA.
But not golden either.

Aside- we are not the only nation with a looming retirement problem.
China's one-child policy has resulted in younger men who will need
to care for not ONE, but TWO parents by themselves.
Why do Chinese save so much? And why won't they ever have a robust
domestic economy? They must save that much, without social programs in place,
to take care of their parents in the decades to come.

I think of intergenerational debt as the sins of the father being
visited on the son, and his son, to the 5th generation, to borrow some
Old Testament passage.
It is blood guilt of a sort, the idea that one's children must pay for one's
own wrong-doing.
We don't have the excuse of a Great War to fall back on.
The last few decades have been about hedonism and luxury and living beyond one's means.