Quote:
Originally Posted by chemgear
With this budget, we're now spending more money on interest costs on the debt with all the cumulative deficits than we spend on healthcare. And it will only grow.
With interest rates at a 20-year high, Ottawa's cost to borrow has spiked from $20.3 billion in 2020-21 to $54.1 billion in 2024-25.
That means Ottawa will spend more to service its debt than it will on health care this year — and the debt charges will march even higher in the years ahead.
|
Wow. Who that isn't 'everyone' saw that coming?
No worries. I'm sure that'll balance itself at some point.
You cant spend money like that without at some point understanding that the Bill is eventually going to come due.