With the Trudeau-Freeland Liberals threatening to embark on a scheme of massive government spending and historic deficits while crippling the economy with ‘green’ measures, the Parliamentary Budget Officer is issuing a new warning:
Canada’s debt levels will soon become unsustainable.
In an interview, PBO head Yves Giroux made his warning clear:
“It’s without a doubt that we cannot afford deficits of over $300 billion for more than just a few years. And when I say a few years, I really mean a year or two. Beyond that, it would become unsustainable.
So if the government has plans for additional spending, it will clearly have to make difficult choices and either raise taxes or reduce other areas of spending. Because it’s clear that we cannot afford to have deficits of that magnitude for even the medium term.”
This has to be a wake up call for everybody in this country.
The PBO is making it clear that Canada cannot afford these gigantic deficits.
Yes, a huge deficit was necessary as a one-time response to the CCP Virus Crisis, but it was always meant to be ‘temporary.’
And we’re not talking about deficits of $50 billion or so, which could be manageable if GDP was surging.
No, the Trudeau-Freeland fools are talking about running deficits of up to $500 billion, for the foreseeable future, which would absolutely decimate Canada’s financial position and lead to a debt crisis.
If the Liberals ignore the PBO’s warnings, we can only assume that they are purposely embarking on an agenda to weaken, betray, and devastate our great nation.