I don't understand how it relates to the article, or even Canada in general. Are they contending that the Canadian government running deficits is causing the population to live on cheap credit? Canada historically runs small deficits. The most recent government has had deficit spending as part of their platform, but I don't think they've been in power long enough to be the source of this problem.
It just looks like vague anger at greedy governments from "the whole world" without anything to substantiate it or talk about.
It's not vague anger in the least. From what I just looked up, it seems Canada has ~1.6T in total debt (federal and provincial levels of government) and around the same in GDP, which is better than the US because the US has more than that amount just from the federal.
The issue with deficit spending is simply stated as this - you can print money, but you cannot print value. Meaning that people produce value and just because there are X more dollars in circulation doesn't mean there are now miraculously a proportional increase in the amount of goods and services the economy produces. Roughly the same number of people are working so the GDP is more or less unchanged. So what happens? Well supply and demand does its thing and prices rise because now there are more dollars and approximately the same number of goods and services.
Deficit spending is effectively a hidden tax on everyone. And it's truly vile because it cuts down the purchasing power of everyone equally, meaning those with the lowest incomes get the same % hit to their purchasing power.
When you think about the impact of deficit spending, it should induce rage. What's more, think about this. If Canada has to pay off that debt in full (without even taking interest into consideration), it means that everyone who is currently working would have to work an entire year for free (100% tax rate) just to close the debt. That's how much of the people's labor they have stolen through deficit spending.
Or think of it this way - it usually takes the average person until they are around 30-33 to save up a full one year's pre-tax salary. That's about ~7-10 years of savings (assuming graduating college around 22-23). That means they have spent/stolen 7-10 years of savings for the average person!
The destruction of purchasing power is directly proximate to the use of credit as a means of survival for the middle class.
This is just soapboxing.