Deficits don’t matter, that’s what I’ve been told in the week since Liberal Leader Justin Trudeau unveiled a platform last Sunday with deficits as far as the eye could see.
Maybe they don’t matter to voters but they should because right now we spend more money paying the interest on our accumulated deficits than we spend on the Canada Child Benefit, equalization payments and even the military.
That should scare everyone even if the Liberal government, and much of the media, see no problem with never-ending and ever-growing deficits.
In the 2015 election Justin Trudeau was able to overcome two decades of voter aversion to deficits by promising he would run three “small” deficits of just $10 billion a year to stimulate the economy.
[…]
See Also:
(1) Will low-key Scheer prove us naysayers wrong?
(2) With billions of dollars at stake, all parties promise to fix defence purchases
(3) How the Trudeau government’s Syrian consul fiasco went down
