According to some financial analysts, bringing Trudeau into office was a mistake that might cost Canada $2 trillion. This is not just an estimated figure by any newsmonger; this figure has come straight from the Department of Finance.
This was the annual update of long term fiscal projections presented by the department. The report was released this week and had astonishing numbers for Canadians. According to the last long-term economic report, Stephen Harper’s government had claimed that Canada would be able to remove the massive national debt in 25 years.
Despite using expensive social services such as healthcare and old age care, the Harper government had a sound plan in mind to deliver a well balanced budget to the Canadian people. It had also planned to pay off federal debt and become debt free by 2035.
The Harper government was stern but fair. They were implementing policies such as reducing federal growth spending and moving the retirement age up to 67. When you want to remove a country’s debt, there are some sacrifices that are to be made, and Harper’s government knew what to implement and how to keep a balance between a good citizen life and a debt free Canada.
Young Canadians need to realize that they have a world of uncomfortable hand to mouth living ahead of them. The reason is that Justin Trudeau’s government has implemented the largest tax increase in a generation. The largest share of the tax is made up to deliver no real purpose for the betterment of the nation’s Carbon tax.
On top of that, Trudeau promised that he would only take loans of $20 billion in the term that he would be serving, but it looks like that number “somehow” morphed into $1.5 trillion. Not good news for young Canadians.
If the NDP had focused on spending more money to make more money rather than improving offices, taking vacations and celebrating lavishly for the 150th confederate, for which the Prime Minister isn’t even in the country, the figures might have even stayed lower than the initial $ 20 billion projection.