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No Food for Thought

More debt on Canada's credit cards: The "Working Canadians Rebate"

admin Wednesday November 27, 2024

What do you do when you're governing a country with a debt surpassing a trillion CAD (over 20 000 €/citizen), after 17 consecutive years of deficit? Well, if you're in one of the world's richest countries and have no respect at all for sensible economic policies, you spend even more money to appease your "poor" citizens right before the next election (and call it a rebate even if it isn't).

A century ago, we used to say there was no such thing as a free lunch, but for today's LPC, more importantly, there is no such thing as a guaranteed bankruptcy. Perhaps Justin Trudeau's desire to leave such a poisoned gift to the next government party who will be left to deal with the resulting mess is understandable on the eve of a federal election, since he's about to lose all of his power due to an ungrateful electorate and FPTP. Oh yeah, that same electoral system someone promised to fix in 2015

5 billion CAD of additional debt: what a beautiful legacy for a beautifully governed country!

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