September 25, 2017

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We have no choice but debt

Your Sept. 17 editorial Household debt must slow down exhorts Canadians to lower their debts and to save for retirement. Never do you mention the heavy tax burden imposed by the three levels of government. (Canadians must work for governments until June before they can access their own hard-earned money.) Never is mentioned the plethora of user fees, nor the rapidly rising costs of utilities, food, clothing, transportation, etc.

While bemoaning personal debt burdens, elected representatives pay themselves handsomely as they wait to collect their undeservedly high pensions, senators enjoy compensation and perks the ordinary Canadian can only imagine, and banks collect their obscene profits.

And in the meantime, the average Canadian is squeezed like a lemon.

Lower debt? Save for retirement? How?

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Hey there, time traveller!
This article was published 19/9/2013 (1466 days ago), so information in it may no longer be current.

Your Sept. 17 editorial Household debt must slow down exhorts Canadians to lower their debts and to save for retirement. Never do you mention the heavy tax burden imposed by the three levels of government. (Canadians must work for governments until June before they can access their own hard-earned money.) Never is mentioned the plethora of user fees, nor the rapidly rising costs of utilities, food, clothing, transportation, etc.

While bemoaning personal debt burdens, elected representatives pay themselves handsomely as they wait to collect their undeservedly high pensions, senators enjoy compensation and perks the ordinary Canadian can only imagine, and banks collect their obscene profits.

The average consumer struggles with the high cost of living.

CP

The average consumer struggles with the high cost of living.

And in the meantime, the average Canadian is squeezed like a lemon.

Lower debt? Save for retirement? How?

GLORIA JOHNSTON

Winnipeg

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