Quote:
Originally Posted by Jacks
Now I'm seeing that the Libs are planning to rack up an additional 225 billion in debt while cutting taxes which is just stupid. That also includes 20 billion in tariff revenue this year alone that may not even be a thing depending on what the orange idiot decides to do next. Also depends on them finding tens of billions in "increased efficiency". So likely we'll see an additional 300+ billion in debt by the time the dust settles.
|
I mean, deficits and adding on more debt are a given at this point. It really comes down to what it's funding and whether it can contribute to economic growth that can bring the debt to GDP ratio down in the mid-term. For instance, Canada has added about $250B in federal debt in the last 4 years. But relative to GDP it has actually shrunk in that time period.