100Bagger

I think this might be the single most deceptive and ultimately destructive federal budget I have seen in my lifetime. More than $700 billion in new debt. Interest payments exploding to more than $85 billion per year. And more than half of this borrowing is being hidden from Canadians. 476 billion being spent “off the books”. The result of accounting gimmicks and manipulation by this Prime Minister to conceal what is ultimately the largest borrowing binge in Canadian history. It’s the kind of accounting malpractice that could cost you your license, or even jail time, if tried in the private sector. And incredibly, despite all this borrowed money, there is almost no help to deal with affordability or the cost-of-living crisis. Instead, it is being spent on corporate welfare, insider handouts and a massive increase in the state’s involvement in the economy. And to put that interest cost mentioned previously into perspective? Well, a family of four will literally have to pay $6,000/year in federal taxes just to pay the interest on the federal debt. A number set to rise to $8,000/year by 2031. At the same time, the government is also sneakily ramping up immigration to the highest levels in Canadian history. 654,000 new permanent immigrants – the largest in a single year. Part of Mark Carney’s globalist vision, which he wrote about in his book, to dramatically increase Canada’s population to 100 million people (known as the “Century Initiative”) through mass immigration. Further depressing wages, while straining an already unaffordable housing market, a collapsing balance sheet, and an overcapacity health care system. Conservatives will never support reckless deficits that threaten the future fiscal capacity and stability of our country. And we will oppose mass immigration that will depress wages while making housing less affordable and health care wait times longer than ever before.