Yes, but it's not just other levels of government. It's households as well. I'm reading from Dr. Jack Mintz, in the Financial Post:
According to the IMF, our total private and public debt, including all financial instruments, was 356 per cent of GDP in 2018, not far off its 1995 peak of 378 per cent of GDP when we faced a crisis selling our public debt to the international market.
My point is that we are not miles away from the 1995 crisis levels. We're only roughly 20 percentage points of GDP away, all public and private debt included, and with this year, the federal government alone will add 12% of GDP to its debt. God knows how much households are adding, and God knows how much the provinces and corporations are adding. Given that we have one economy that has to service all this debt, are you not concerned that in the next several years we could hit a wall?