For the second election in a row, Prime Minister Justin Trudeau’s campaign platform, released Sunday, tells Canadians we can spend ourselves rich.
That a re-elected Liberal government will spend billions of new dollars to benefit middle-class taxpayers, families, homeowners, small businesses, students, seniors, farmers, artists, Indigenous Canadians and new Canadians, while protecting the environment.
Trudeau says he’ll finance this new spending — $57 billion over the next four years — with a combination of new debt and $25.4 billion in higher taxes on the rich.
It’s an attractive package, for those who don’t care about mortgaging the future of their children and grandchildren. And for those who believe governing is simple.
Just increase taxes and debt to bribe Canadians with their own money, pretending there’ll never be another economic downturn.
In his 2015 election platform, Trudeau promised — not predicted, promised — that under his leadership Canada would have a $1 billion surplus this year, after three years of modest deficits.
His 2019 budget said what we actually have this year is a $19.8 billion deficit.