“Mr. Speaker, there was a lot in the member’s speech, but I want to focus on one specific thing he said that was extraordinarily misleading. This is a talking point we have heard before. He claimed that Canada’s total debt-to-GDP was 10%, unlike the United States at 110% or whatever. Does he believe that the entire asset base of the Canada pension plan is free-flowing cash that could be used to repay the debts of Canada, or is it that, with the true meaningful proportion of our debt, which would include subnational debt and does not subtract the assets of the Canada pension plan, the debt-to-GDP is truly over 100%?”
Statement grade
A+
The average of Signal, Relevance, Respect and Clarity.
Average 100 / 100
A score under 50 is red. Choose a measurement to see where it lost points and why; choose it again to clear.
Claims 75%Reasoning 25%
This view breaks the statement into its steps and names what each one does.
Mr. Speaker, Claims · 18 wordsI did point out that was on net federal debt.1I was not talking about the total debt, Reasoning · 20 wordsbut if we want to include total debt, including the provinces, then we also have to look at the assets.Claims · 43 wordsThere are many financial assets that the provinces also own, but if we want to look at debt, excluding the CPP, then the total Canadian federal debt is still around 40% of GDP, 2which is still one of the lowest in the OECD.3