We were at 20.6% in 1971, three or four years into the Trudeau government, coming from a place of balanced budgets and almost no debt.
In 1997, the debt-to-GDP ratio was 63.8% as a result of the accumulated spending spree that Pierre Trudeau went on. Comment on a 63.8% debt-to-GDP ratio. Is that a healthy debt-to-GDP ratio?