Barrel Strength

A very interesting analysis of the public finances of the United States compared to those of Canada. Upsets all stereotypes. Courtesy of the Brussels Journal.
The author reviews the data and concludes:

“The current Canadian government is a ‘conservative’ one, but its hold on power is tenuous because it is also a ‘minority’ government (in Parliament). It has little to do with the positive trends outlined above, since it came only to power fairly recently. That means that the credit for these positive trends goes largely to the center-left governments that have governed Canada for much of the past two decades and who have implemented major fiscal and some structural economic reforms that have made these numbers possible. And there are also indications that the Canadian banking system is in much better shape then the American one. Meanwhile, in the USA, many Republicans have been profligate with the public purse in recent years, and much of the political left marches today in the opposite direction from the one taken by recent Canadian center-left governments. And Obama-mania on the part of the mainstream media is not going to make matters better…before the next election cycle.”