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#canada

Total federal spending in 2019 was 378 billion dollars. Rumor is that the debt in 2021 will not exceed 400 billion dollars. In other words, total debt will not exceed all spending.

When Trudeau took office, the federal debt was about 700 billion dollars. So the rumor is that the debt in 2021 will not exceed half the total debt the company had accumulated in 200 years prior.

This sort of debt accumulation is a mortal threat to any left wing program. Like your universal healthcare? Good news! Instead we're going to be paying bankers! Like your reasonably priced higher education? Good news! Instead we're going to be paying bankers! Like your CBC? Good news! Instead we're going to be paying bankers!
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