[bruinbirdman]

"Hammond revealed he had recently met a delegation of politicians from Canada, who were responsible for a radical 20% cut in spending imposed by the federal government in the 1990s."

"The two architects of Canada’s programme review, Jocelyne Bourgon, who was the country’s top civil servant, and Marcel Massé, a former minister, cut 47,000 civil service jobs."

yitbos

[familyop]

Thank you for the heads-up. That's important news. I just now passed the quote, link and attribution about Hammond's revelation to this thread.

Are Canadians really North Americans?(I don't think so!)
http://www.freerepublic.com/focus/f-backroom/2285804/posts

...quite a bit of anger overseas about the cuts.

And yes. The way government employees and appointees are hanging on, defaults will probably happen sooner or later. Revenues must come from production--not only treasury presses.