Between the mid-1970s and mid-1990s, Canada had the problem of self-perpetuating debt, having to borrow to pay interest on the national debt.

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This is true. Canada experienced high levels of government debt during this time period, and a significant portion of the budget was used to pay interest on the debt, leading to a cycle of borrowing to cover those interest payments.

Between the Mid-1970s and Mid-1990s, Canada Had the Problem of Self-Perpetuating