The prospect of a second recession two years after the last one has people worried that record Canadian debt and slower growth could make another downturn feel worse than before. There is mounting evidence the world economy is slowing, stoking concerns another recession is near. That could mean higher unemployment, slower income growth and rising household debt for Canadians. A sharp slump could also wreck plans by the federal government to balance the books by 2014, or lead to even bigger cuts to public sector jobs and spending than the Harper government's recent budget had forecast. The provinces would also…