Matthew
I'm sorry to disagree with your last comment there. I as a Canadian Citizen didn't rack up that debt. I know how to budget my income and expenses including paying more than my fair share of taxes too. I'm sure that most ( not all though) of my 30+ million countrymen are equally fiscally responsible too.
That debt was run up by years of government neglect and mismanagement a list of example of which would probably use up all the available band width on this site. Also remember that is just the Federal Debt, 9 out of 10 Provinces also have debts some of them massive, as do several large municipalities and for the same reasons.
By the way that 150 billion was racked up in slightly less than 40 years. There was a time when this country was run by responsible grown ups and actually had regular year end surplus and a strong military too come to think of it. Care to guess who was in power for most of that 40 odd year period?
8 Billion eh, That should be good for 2 or 3 new weapons registry programs to make us safer (swiss army knives, nail clippers, and/or salad forks perhaps), a dozen odd canoe museums and fountains, a round dozen polar champagne and caviar trips by the champagne socialist set, and a few hundred bribes er excuse me advertising contracts.