Any number of shocks could
send Canada's house of cards tumbling, the bank says, particularly higher borrowing costs that pinches
households already carrying record high levels of
debt.
Basically, he proposes that the Feds
send a check for $ 2000 each to the bottom 80 % of taxpaying
households (all 175 million of them) with the caveat that the entire $ 2000 must be spent on
debt reduction (student loans, credit cards, mortgages etc.).