Debt Crisis? Really?

You think we have a debt crisis now? You should have seen the one Canada had in 1993!!! And just like this one, it was phony, designed to scare people into cutting and privatizing government so the rich can get even richer.
The following is from The Shock Doctrine, Naomi Klein, Picador, Pages 324-326. This book was published before the financial collapse, and subsequent “debt crisis.” (All emphasis added.)