Skip to main content

“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Trudeau breaks record for debt growth among prime ministers in Canadian history, says Fraser Institute


TORONTO—Prime Minister Justin Trudeau has increased per-person federal government debt more than any other prime minister who didn’t face a world war or recession, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

“This federal government’s legacy will now include record high levels of debt accumulation, due to spending increases that continue to outpace revenue,” said Finn Poschmann, resident scholar at the Fraser Institute.


The study, Examining Federal Debt in Canada by Prime Minister Since Confederation, tracks the debt records of every prime minister since Confederation—how much they increased or decreased the federal debt, after accounting for inflation and population changes.

Between his first year in office (2015) and the end of his first term later this year, Prime Minister Trudeau is expected to increase federal debt (per person) by 5.6 per cent—the largest increase of any prime minister in Canadian history who didn’t govern during a world war or recession.

Compare that record to other recent Liberal prime ministers such as Jean Chrétien, Paul Martin and Lester Pearson who also never governed during a world war or recession. They all cut per-person debt—Chrétien by 13 per cent, Martin by 8 per cent and Pearson by 6 per cent.

“More government debt ultimately means more tax dollars going to pay interest on the debt rather than on services or tax relief,” Poschmann said.

“Prime Minister Trudeau’s government has markedly increased the federal per-person debt burden, but without a world war or recession to justify it.”
Labels:

Comments

Post a Comment

Popular posts from this blog

FORSETH -- Focus on the nine things I mentioned. That’s what will allow the Conservative Party to win the next election

IMAGE CREDIT:   Darryl Dyck, the Canadian Press. I thought I had already made up my mind who I would be ranking on my ballot, in the Conservative Party of BC leadership race; now I am not so sure.  That means that, at least for me, and perhaps many others, it’s a good thing voting hasn’t already taken place. There were initially only one or two of the candidates that I thought might be a little too right of centre for my liking, now it seems that list is growing. I consider myself more closely aligned with what used to be called a Progressive Conservative, regardless, I feel more than comfortable within the Conservative Party of BC.  Some, however, in messages to me on my political Facebook page, have been rather, shall we say, a bit mean-spirited in comments they’ve made about my ‘purity’ as a conservative. To tell you the truth, I really don’t care! Some leadership candidates, in comments made online, have also been raising the issue of who is a pure enough conservati...
Post a Comment
Read more

WARD STAMER -- Those are REAL forestry numbers, not just made-up numbers

The following is a condensed version of remarks Kamloops – North Thompson MLA Ward Stamer’s made, regarding Forestry, in the BC Legislature, on Tuesday afternoon (02/24/2026)   Let’s talk a little bit, when we talk about Budget 2026, about the forest industry, which is near and dear to my heart. Forestry remains one of British Columbia’s foundational industries. It’s a pillar that built this province. Entire communities depend upon it. Interior towns, northern communities, Vancouver Island regions, the Kootenays, the Lower Mainland, with manufacturing facilities in Surrey and Maple Ridge, just to name a few — everywhere in BC is touched by forestry. One word that was not mentioned in Budget 2026 was forestry. That’s a shame, an incredible shame. It wasn’t an oversight – it was intentional. This government has driven forestry into the ground .... INTO THE GROUND! We can talk a little bit about some of the initiatives that this government has brought forth, to try to resurrect ...
Post a Comment
Read more

Your government has a gambling problem (Troy Media)

Provinces call it “revenue,” but it looks a lot like exploitation of the marginalized The odds of winning Lotto Max are about 1 in 33 million. You’re statistically more likely to be struck by lightning than to win it. But your government is betting that statistics won’t hold you back; they’re counting on it. Across Canada, provincial governments not only regulate gambling, they also maintain a monopoly on lottery and gaming by owning and operating the entire legal market. That means every scratch card is government-issued, gambling odds are government-set, casino ads are government-funded and lottery billboards are government-paid. And these are not incidental government activities. They generate significant revenues that governments have powerful incentives to expand, not constrain. It would be one thing for our governments to encourage us to engage in healthy activities. We can quibble about whether the government should be trying to convince us to be more active or eat more vegetabl...
Post a Comment
Read more

Labels

Show more