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Canada’s federal debt will soon be out of control

During the 2015 federal election, Trudeau promised that the Liberals would have temporary deficits not exceeding $10 billion dollars per year and would return to balanced budgets by 2019. The Canadian voters bought this socialist Kool-Aid and elected him.

The Kool-Aid was even sweeter as the newly re-elected Trudeau spendthrifts made it even worse. The 2019 election promises will create deficit spending of $27.4 billion in 2020-21, followed by $23.7 billion, $21.8 billion and $21 billion for the next four years. Canada’s federal debt is growing at the rate of $80 million dollars per day, $3.3 million per hour, $55,000 per minute and cannot be sustained.

Now that the Trudeauites have a minority government, they will remain in power as long as they can with the support of the socialist NDP and the debt will become massive!

Tomorrow’s taxpayers, your grandchildren and great-grandchildren will pay for this obscene borrowing and spending. Today’s voters including naïve millennials did that to their own generation. In the words of Greta Thunberg, “How dare you”! The naïve voters of this divided nation should be ashamed to let Trudeau bankrupt the next two generations of taxpayers.

Just as Justin’s daddy’s reign ended, my generation had to pick up the tab for Pierre’s unconscionable borrowing. Now the next generation of taxpayers will bear the heavy lifting to pay the debt of Trudeau the second. Logic and any knowledge of finances teach us not to spend more than we earn and we must ask the question; “why would Canadian voters elect someone prepared to bankrupt the nation”? And do it twice -  first with Pierre, now with Justin? How stupid have Canadian voters become?

A November 2018 Fraser Institute report stated: Canada is a much less attractive place to invest due to the Trudeau government's introduction of higher taxes, mounting debt and increased regulation. Canadian investments abroad increased 74 per cent from 2013 to 2017, while investment from other countries into Canada dropped an embarrassingly 55.1 per cent. The world bank’s “ease of doing business” assessment concluded Canada had dropped from 4th place in 2006, to 22nd place in 2019.

These are shocking numbers confirming that the economically dysfunctional Trudeau government has placed this country in an untenable position. With the United Nations sponsored wealth redistribution scam under the guise of a climate crisis supported by the Trudeau government, combined with it’s treasonous passing of Bills C-48 and C-69, the areas of the country that could provide a huge economic boost - Alberta and Saskatchewan - remain at the mercy of Laurentian Canada. It is no wonder that the cry “the west wants out” can be heard across the Prairies.

If anyone disagrees with my assessment of what’s wrong with Canada you know where I am.

- L. (Tex) Leugner

 

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