‘We will have to do less of some of the things that we want to do,’ Carney says
[…]
“The upcoming budget will balance the operating deficit in three years by reducing wasteful government spending and doing more with less,” Carney said. “But the fact is, even with such efficiencies and with better management, we will have to do less of some of the things that we want to do, so we can do more of what we must do to build a bigger and better Canada.”
It remains unclear exactly what those sacrifices will be or how they will be distributed.
Debt to do what. That’s the key. If we pay 1B/w to finance debt that was used to invest on stuff that is generating 1.1B/w, we have a net positive ROI. It’s the ROI that matters, not the financing cost.
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Well, 10 years ago when the Liberals took control our national debt was 692 billion. Today its 1.46 trillion.
So we’ve doubled the debt under the Liberals and is there ANY metric that says Canada is doing better now with our ROI than 10 years ago? Are we getting a good ROI on doubling our ‘investment’ under their strategy?
The Liberals honestly believe that we can spend our way to prosperity. With our tax dollars.
Thats not working.
I wonder what was going on in the world between 2020 and 2022…
src: https://www.ceicdata.com/en/indicator/canada/national-government-debt
Everyone knows Libs caused COVID.
Jokes aside it’s very easy to criticize any decision during COVID after the fact, but it’s much harder to make the case you could have done it better with the facts at the time.
The Poilievre far right wing of the Conservatives would have let people die or have their lives destroyed. Blood for the
BloodEconomy God. I mean we are talking about the people who were cheering on the Convoy assholes.