According to Reuters «ideas about binding commitments to extend the Toronto
debt reduction goals at a summit hosted by Canada in 2010, sought by Germany first and foremost, have been abandoned» Mr. Harper and Mr. Flaherty would appear to be still living in the Toronto Summit, while the
rest of the G - 20, except perhaps Germany, has moved on to confront more pressing issues, including the growing risks
of global instability and the need to strengthen growth and job creation.
Until we limit our dear government's power to encourage the private sector to borrow money until it chokes, we need something that enables timely
reduction of debt in TBTF (too big to fail) institutions, delevering them with minimal impact to taxpayer and the
rest of the economy.