The Impending Collapse of Canada's Indigenous Commitment

The Interest Payments Alone on Federal and Provincial Government Debt Are Unsustainable, Where Will the Collapse of the Canadian Economy Leave Indigenous People That DON'T EVEN OWN THEIR LAND?

As Canada's government debt continues to burgeon, concerns deepen over its impact on various sectors, particularly Indigenous communities. The 2024 federal budget has notably allocated the lowest investment in Indigenous communities in a generation, raising significant concerns about the sustainability and enhancement of services and infrastructure critical to these groups.

To understand the financial magnitude, consider that each billion dollars of government spending costs the average Canadian household approximately $66. Reflecting on the past year's expenditures: Canada spent $13 billion on aid to Ukraine, $20 billion on consultants, $7 billion on foreign aid, and an additional $54 billion on interest payments. These figures are staggering when juxtaposed with the needs within our own borders, especially those of Indigenous communities

13+20+7+54=94 Billion dollars 94x66=$6204 tax burden per household. BEFORE ANY CANADIAN SERVICE IS CONSIDERED. This unsustainable fiscal situation WILL come home to roost. Canada is sitting on the third largest debt bubble of the last 100 years. Notably the US economy crashed in 2008 at a smaller bubble than ours and Greece’s financial doom was triggered by a bubble only 2/3 the size of the one we’re sitting on….

The fiscal priorities of the government are under scrutiny as it becomes apparent that Indigenous communities are not receiving adequate attention or resources. This is further complicated by the fact that many Indigenous people do not have ownership of the reserves on which they live, complicating their ability to leverage land for economic or developmental benefits.

As Canada's economic situation becomes more precarious, and the potential for a weakening currency or a broader governmental fiscal crisis looms, serious questions arise about the resilience of Indigenous communities. With limited investments and an increasing debt burden, there's a real risk that these communities could face neglect in the critical areas of healthcare, education, and infrastructure development.

This situation poses a challenge not only to the well-being of Indigenous populations but also to the country's commitment to reconciliation and equitable treatment. As the government juggles debt and spending priorities, the need for a thoughtful, balanced approach that genuinely considers the long-term welfare of all citizens, including Indigenous communities, has never been more crucial.

What do you propose?

Is our current situation sustainable?

When can we break free from the confines of the various ruling governments to experience true self governance?

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Darren Grimes