Ontario is hundreds of billions of dollars in debt. That's bad, right? You've probably heard it before: if people spent like governments, they'd be bankrupt. That's true, but it ignores fundamental differences between household and government debt. There are lots of reasons why governments can (and often should) borrow more than you. Join TVO Today's Kat Eschner as she walks you through the convoluted world of borrowing money - and explains why these huge numbers aren't always a big deal.Ontario is hundreds of billions of dollars in debt. That's bad, right? You've probably heard it before: if people spent like governments, they'd be bankrupt. That's true, but it ignores fundamental differences between household and government debt. There are lots of reasons why governments can (and often should) borrow more than you. Join TVO Today's Kat Eschner as she walks you through the convoluted world of borrowing money - and explains why these huge numbers aren't always a big deal.

From the TVO streaming audio-visual collection. Aired on February 28, 2024