Freeland must watch out for the quicksand of debt interest

by Franco Terrazzano

If you think the federal government’s so called historic spending on a national child-care scheme is big, wait until you hear how much the government is spending to cover its debt interest costs.
In its 2021 budget, the Justin Trudeau government is promising to spend $30 billion over five years on a national child-care program. That’s a tonne of money considering we couldn’t afford it pre-pandemic.

Finance Minister Freeland

Federal government plans to spend more on everything with no plan to pay for it

by Franco Terrazzano

The British politician Nigel Lawson once said: “To govern is to choose – to appear to be unable to choose is to appear to be unable to govern.”

If Lawson is correct, then the only conclusion to be drawn from Finance Minister Chrystia Freeland’s federal budget is that the Trudeau Liberals appear to be unable to govern.

credit card machine

Ottawa’s carbon tax is so bad it’s uniting Alberta and Quebec

by Franco Terrazzano

Imagine a tax so bad that it’s uniting Alberta and Quebec. With all of the heated rhetoric over pipelines and equalization, that sort of unity seems like an impossibility. But it turns out the tax is all too real and it’s Ottawa’s carbon tax.
The Trudeau government has been busy uniting the provinces against its economically damaging policies. Six premiers wrote to the prime minister urging him to change or scrap legislation that bans tankers on the West Coast and makes approvals for future pipelines virtually impossible. And following the Alberta’s government’s announcement to challenge Ottawa’s carbon tax in the courts, the Quebec government is now taking on the tax by intervening in Saskatchewan’s Supreme Court challenge.

kenney and legault

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