As the summer fades, politics heats up again in Canada, and awareness too. The U.S. presidency is again up for grabs as its debt hits an incomprehensible $16 trillion, and the repercussions inevitably affect us. Europe also stumbles in a maze of unpayable debt, its crisis untouched by the conventional bail-outs and program cuts. Unwilling to address debt cancellation, no change is likely.
Canadian federal debt has also jumped some 23 per cent in the last four years with no large new expenditures beyond the Afghanistan mess. The now $62 billion interest bill for all Canadian governments forces all budgets to run deficits, which must be borrowed, and all the debts grow. The one unacknowledged common factor is their privatization, but rubbing the sleep from their eyes, people are slowly beginning to realize that this system is ultimately unworkable. So far, official silence prevails.
Is there perhaps an embarrassing connection between this total privatization of debts, and the private donation system which is a bedrock of our party politics?
Only the biggest donors have any real input into our elections, and unless this twisted system is vigorously protested in every riding, real change, will not happen.