If you aren’t outraged, you haven’t been paying attention

Finance Minister Kevin Falcon has stated time and time again that the billions in dollars of contractual obligations the government owes is not like debt, so it doesn’t need to be reported with the regular debt. Go figure. I’ve compared it in the past like trying to convince your banker your $500,000 mortgage isn’t really a debt, but a contractual obligation, because all those other payments don’t come due for years. Think your banker is going to fall for that? No, and you shouldn’t either.

Read the entire article here…