Ever wonder how Canadas net federal debt reached $671 billion by 2013? Or how net provincial debt among the provinces ended up at $509 billion that same year? Wonder no more. Its partially due to massive subsidies to corporations, government businesses and even consumers that over three decades amounted to $684 billion.
The recent revelation from the Finance Ministrys probe into Crown corporations that found ever-more and ever-higher paid managers at ICBC has enraged British Columbians and especially consumers of auto insurance in this province.
It is of course entirely possible that ICBC, a government-owned monopoly, has too many managers and that theyre paid too much.