DAN ALBAS: The 2019 budget reveals Trudeau not only broke his “very cast in stone” promise to return to a balanced budget but he also made no effort to do so
The Liberal 2015 campaign promise was to deliver three years of “modest” $10 billion-dollar deficits with a return to a balanced budget in 2019. This week the Liberals presented the 2019 budget that clearly reveals Justin Trudeau not only broke his “very cast in stone” promise to return to a balanced budget but also that he made no effort to do so. The 2019/20 deficit forecast is set at close to $19.8 billion; this is on top of the $60 billion in deficits added in the first three Liberal budgets. The current budget indicates there is no path to balance until at least the year 2040, by that point racking up an additional $271 Billion in new debt. So where is all of the money going? Program spending is a significant part with an increase of $22.8 billion in spending over the next five years. Here’s a brief summary of some of that from the 2019 Budget: A new job retraining program for eligible workers aged between 25-64 that will provide up...