The problem with public debt is vastly overestimated. It mostly doesn't matter at all. It can be just rolled over forever like it always was.

It's the private debt which is the problem since individuals and enterprises don't have the capability the governments have to roll it over forever.

Interest payment on public debt is already one of our biggest line items, top 2 or 3 in Canada. Federally and provincially. I believe it’s why interest rates are being kept low. We’re not doing good at all.