As pointed out by the previous speaker, we have had a substantial paydown of the national debt, which is a good thing. |
Given the current economic weakness, debt paydown at this time is not appropriate. |
There has not been an extraordinary paydown on the national debt, but from what we have had we have brought it down. |
Oh, and the rapid drop in the debt ratio reflects a partial return to plain vanilla banking, not a massive paydown of obligations. |
To accelerate that paydown without penalty of taxation would be a huge benefit. |
I come from a community in downtown Toronto with many low income families who carried the burden of that accelerated paydown of our deficit. |