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[BMW Rider]

Originally Posted by hillbillyreefer

I beleive that the Americans per capita debt is smaller than ours. I'll need to verify that though.
After some research I was wrong.

Canadian per capita debt: $15500 2007
US per capita debt: $30400 2008

This is just Federal debt. I'm sure Canadian debt would be much higher if provincial and municipal were added in.

I was ust going to post those stats as well. Yes the current per capita debt is more than double for the US (2008 stat for Canada shows $14032).

And keep in mind, the US is currently running deficit budgets while Canada is in a surplus position. If you want to add in Provincial debts, then to keep it even you would also need to add in individual State debt to even the playing field (current estimate of total federal, state and municipal US debt is 53 trillion, or $175,000 per capita). No matter how you slice it, the American economy is heading for a brick wall at out of control speed. The downside is, the wreck is going to make a mess on our doorstep as well.