POLS 2250 Lecture Notes - Lecture 19: Community Policing, Rob Ford, Snowplow
24 Jun 2015
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Canada had more foreign debt than other countries, at this time. Health care was on a thin line too. New zealand was borrowing money, but soon its credit ran out. The problem was that there was no foreign exchange, no money was coming into the country. New zealand"s foreign debt was 47%, and canada"s was 44% Debt crisis went beyond government; new zealand dollar was de-valued at 20% Unemployment was a big problem; 1955 > 22; 1974 > 650, as years pass, unemployment grows. Government spending > budget cuts on food; some restaurants don"t meet the standards. Water is bad; living conditions are becoming poor. Medi-care had started to charge per-day spending time in the hospital, including drugs. Lesson for canada: when credit rating is on the line, focus on it; don"t ask others to fund your living standards.
