It's Just Money

It can magically appear:

The failure to restrain government spending in most regions means that Canadian governments will add debt that would not otherwise exist, making it even more difficult to improve financial sustainability. Canadians today and in the future will pay for this debt through higher government debt interest payments.

While interest rates were near historic lows recently, that trend appears to be a thing of the past. In April, the Bank of Canada doubled its policy interest rate to 1.0% and many analysts expect future rate hikes as inflation continues to run rampant in the economy and hit the pocketbooks of Canadian families.

Residents in all provinces already pay more than $550 per person annually on government debt interest. As interest rates rise, government debt interest payments will consume more revenue and leave less money for priorities such as health care and education.

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Prime Minister Justin Trudeau said Conservative leadership candidate Pierre Poilievre either misunderstood or doesn’t care about the Bank of Canada’s independence, after the Ontario MP said that if he forms government, he would fire Governor Tiff Macklem.

 

Yes, the Bank of Canada governor can be forced to resign as Prime Minister Diefenbaker did with James Coyne.

 

Consider who is smug about this:

When Prime Minister Justin Trudeau was campaigning in the 2015 election that brought him and the Liberals to power, he was adamant his government would have a balanced budget this year. ...

In the Liberal election platform Trudeau said that his annual deficits would be $9.9 billion in 2016, $9.5 billion in 2017, $5.7 billion in 2018, with a $1 billion surplus in 2019.

His actual deficits were $19 billion in 2016, $19 billion in 2017, $14.9 billion in 2018 and a predicted $19.8 billion in 2019.

Put another way, Trudeau promised in 2015 that his accumulated deficits over four years would be $24.1 billion.

His actual record puts them at $72.7 billion.

 

(Sidebar: that article is three years old. The deficit is much worse.) 

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Karma has struck Trudeau as he tried to raise the Canadian flag at the Canadian Embassy in Ukraine. pic.twitter.com/KQo6F2VfHo

— AtWarWithWolf (@AtWarWithWolf11) May 8, 2022

Yeah, that moron.

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As per an article by True North’s Cosmin Dzsurdzsa, the Trudeau government provided the World Economic Forum (WEF) — of which Trudeau is a member — with $2,915,095 between 2020-2021, as well as giving the United Nations a whopping $1.576 billion all in Canadian taxpayer dollars.

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Were you going to spend the money on something else?:

The push is on both in the U.S. and Canada to gear up industry to go to a “wartime footing” and significantly boost production of weapons.

If that happens expect billions of tax dollars to be directed to some of the largest defence firms, most of them headquartered in the U.S.