Yes except if we just keep borrowing and not paying it off, each generation gets to service all the debt from previous generations on top of their own. Do you think it would be right for you to be servicing debt that paid for your great great grand parent's social programs and every generation in between?
No but all the gov cares about is dept-to-gdp so that's mainly what they'll look at. It's politics. Freebies win elections, Trudeau's approval rating has gone up quite bit since giving out 400 billion. Imagine if they clawed back some freebie, like cut Old Age security or something, people would be cheesed.
The deficit this year Liberals projected at 150 billion, just what I prediction. But I get that, still lots of EI claims etc, and they're going to add more stimulus.
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