WHA! What a self indulgent, uneducated load of malarkey. To tar all Canada and Canadians with the same naive bombast is typical of so many Conservatives
First of all, up until 10-15 years ago Canadians were amongst the worlds biggest savers. Our system has always rewarded frugality. The US on the other hand rewards obscene spending. 
Let look at taxation on interest. In the US, mortgage interest is tax deductible. So is interest on many other personal loans. Given that the first 5 years of a mortgage is tax heavy, that offers a huge write off.  It's the reason why in every recession, Americans lose everything they have and Canadians can by and large weather the storm. Americans don't own anything. It's a house of cards. It's easy to spend thrift with others money.
As per,"our race-to-the bottom education system", every segment of the US economy has highly educated Canadians working and leading the way.(nurses, engineers etc). In the US, post sec education is called The National Guard.