Author Topic: Government Day-to-Day  (Read 53918 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #210 on: February 13, 2020, 11:32:56 am »
But, but Harper.

Trudeau campaigned on a couple of modest 10 billion deficits returning to a balanced budget. The closest he has come is a 14.6 billion deficit last year.

Since elected he has added 50.8 billion to the debt. The government's own fall update is forecasting adding another 95.2 billion to the debt by the 2022/23 fiscal year with an additional 28 billion in borrowing for the two years after that. That will be an addition of 146 billion to the national debt by the end of the 2022/23 fiscal year and 174 billion forecast total by 2025. Nearly a 25% increase in the debt by 2023. He is on track to add more to the federal debt than any PM who has not had a major recession or war during their tenure.

Those are actual government figures, not from op eds

I hope waldo is a geezer like me because he will be paying interest on that for the rest of his life and so will his children and grand children.

I will state it again. If our federal debt doesn't change at all and interest rates remained the same, by the time they are 85 a child born today will see over 2.2 trillion dollars in interest spent on money borrowed before they were born.
« Last Edit: February 13, 2020, 11:40:29 am by wilber »
"Never trust a man without a single redeeming vice" WSC