And you have a Pollyannaish view.
I have a realistic one:
Some commentators and opposition members of Parliament have raised concerns that this substantial increase in government spending and debt will place Canada in a precarious fiscal situation. In other words, they are concerned that federal finances will be unsustainable. We believe that these concerns are unwarranted, unless the federal government drastically changes the structure of its program spending in the post-COVID-19 era.
Before the current crisis, the federal government was running a modest budget deficit of about 1 per cent of GDP and a debt-to-GDP ratio of about 31 per cent. The Parliamentary Budget Officer estimated that the federal fiscal structure was sustainable in the long run with substantial fiscal room.
On April 30, the PBO presented a COVID-19 economic/fiscal scenario that showed a sharp drop in real economic activity of 12 per cent, a budget deficit of $252-billion and a debt-to-GDP ratio of 48 per cent in 2020.
Will such a sharp deterioration in federal finances make the fiscal structure unsustainable, leading the debt-to GDP ratio to rise continuously in the long run? Not likely.
https://www.theglobeandmail.com/business/commentary/article-has-the-covid-19-pandemic-made-the-federal-governments-fiscal/