12:59 PM AKST, February 6, 2013
I would like to respond to your editorial "Canada cool," (Feb. 4). You believe two key factors — bank regulation and stable housing market — are the keys to Canada's economic "success." However, you failed to mention what the two countries spend in comparison on their defense budgets and overall health care costs.
Canada allocates $24 billion per year on defense which is 1.5 percent of their GDP. Compare that to the United States where we currently spend over $700 billion per year on defense equaling 5.5 percent of our GDP. Additionally, we spend $2.6 trillion per year on health care costs, which is nearly 18 percent of our GDP, while Canada spends $200 billion per year, or 11 percent of their GDP.
I believe our out of control health care costs and over a decade of never ending and senseless wars have played a much more significant role in our economic decline and should have been cited when comparing the two countries’ economies.
— Greg Klaiber, Evanston