Do you remember during the election Trudeau promised just three years of $10K deficits? Stephen Harper mocked his small, little deficits and warned that they would likely get a lot bigger.
By the time their first budget rolled around, it wasn’t $30B over three years but $30B in one year. And now even that’s going up as Canada’s economy slows down.
Faced with the prospect of lower than expected growth, the one thing the Liberals aren’t talking about doing is curbing government spending.
Justin Trudeau needs a new plan but he’s so attached to spending your money, he just isn’t capable of changing course.
As the U.S. economy slows, as China’s economy slows, the only thing that isn’t slowing down, is the size of Trudeau’s deficit.
Watch as I explain what this means to us long term knowing that the Liberal attitude is, “it’s not working, so let’s do more of it”.