Wednesday, December 15, 2021

How Will Canada/Canadians Pay For $1.2 Trillion in Debt

 "...Last year’s deficit was an eye-popping $354.2 billion; this year, thanks to higher than anticipated revenue, $144.5 billion. At some point, the piper will want to be paid, and the money will have to come from somewhere.

Stopping spending is not enough. Economic growth is not enough. Even additional oil and gas revenues are not enough. Unlike the prime minister, most Canadians know from bitter experience that the budget will not balance itself. Which leaves one thing: tax hikes. Not if, but when, for whom, and by how much?.."

https://nationalpost.com/opinion/tasha-kheiriddin-get-ready-for-tax-hikes-to-pay-for-liberal-spending

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