Prog Study Warns of Canada's Coming Debt Crisis

[DKG]

Mark Carney wants to ban new gas and diesel vehicle sales by 2035 and you must act now before it's too late.

This ban could cost taxpayers like you nearly $300 billion by 2040, according to a federal report. And that doesn't even include the impact of the skyrocketing cost of electricity.

For families already struggling, this is the last thing they need. More taxes, bigger electricity bills, less affordable options at the car dealerships.

The CEOs of Ford, GM and Stellantis say families will be stuck with fewer, more expensive and less reliable options, especially since Ottawa wants one in five cars sold to be electric by 2026.

Carney is charging ahead anyway.

Opposition MP Melissa Lantsman tried to scrap the ban by pushing a motion in Parliament, but government MPs shut it down.

[Eddie the chug]

Oh, but I get to wake up every morning knowing I'm not you! Much better, josephine!

Joe is on Old Age Security. It is not much to live on. He has to go to the food bank for salty instant pasta.

I am on a provincial pension for my mental problems. When I turn sixty five like Joe I will go on Old Age Security too.

[Herman]

Joe is on Old Age Security. It is not much to live on. He has to go to the food bank for salty instant pasta.

I am on a provincial pension for my mental problems. When I turn sixty five like Joe I will go on Old Age Security too.

Does your invalid welfare pay enough to keep you guzzling hand sanitizer?

[Herman]

No wonder Canadians are broke. The Liberal dictatorship is wasting their cash on this shit and raising their taxes to pay for it.
Ya cannot blame companies for taking their investment dollars South of the border.

[Brent]

Carney is so deceitful. He is going to run two budgets to hide the massive deficits he will be adding to our national debt over the next four years.

Meanwhile, South on the border President Trump's tariffs which I supported produced a surplus in the month of June. It was not just the tariffs. The DOGE cuts to waste helped too.

Part of the Liberal campaign platform was a plan to split the federal budget into two budgets — an operating budget and a capital budget.   

Carney may very well be seeking savings on the operating side, but he has also signalled plans to ramp up capital spending, which could still mean major increases in the federal debt. 

The C.D. Howe Institute is wary of that exact possibility.   

"The large deficits projected...cannot be downplayed or disguised by dividing the budget into two new categories — operating and capital — and targeting a balanced operating budget only, as proposed in the election platform."   

Among the many problems created by presenting two separate budgets is that it would allow Carney to add all kinds of new spending over the next four years and simply label it capital spending, all the while pointing to operational spending cuts and an improving picture there.   

But that's like cutting back on spending on one credit card but spending more on a second. 

Ultimately, the bill must be paid, no matter which taxpayer credit card Carney chooses to use.   

Ahead of this fall's budget, Carney would be wise to drop his plan for budget gimmicks and stick to a single plan that includes real savings and clear spending cuts. It's time to end the party with taxpayer money and return to the Chretien consensus that balanced budgets matter.   

https://torontosun.com/opinion/columnists/jay-goldberg-will-carney-pursue-real-spending-cuts-or-voodoo-budgeting