Toronto information and news, covering issues impacting communities across the GTA
Thursday February 7th 2013

Canada’s National Debt Hits $500 Billion

Canada's Debt

Over the next 5 years Canadian federal government will be adding another $170 billion to the deficit so the share of this debt for each of us will be $15,000. We are living in uncertain times and faced with budget shortfalls in many areas we should be questioning every dollar spend by our government.

For instance, the Children Aid Society (CAS) is calling on provincial government to reverse funding cuts. CAS is faced with $1.1 million shortfall. This is a society that delivers child-protection services on behalf of Government of Ontario to vulnerable children and families. They are forced to go to debt to pay for investigations, residential care, support and counseling for children. With tough times and increase unemployment the agency has observed a 14% increase in number of cases. The government has made a choice to put vulnerable childern at risk during a recession whilst boosting Toronto Public Library, TPL budget by $3 Million dollars so they can rebuild their buildings across Toronto !