The other day, we addressed the severity of the military budget cuts. The bad news is that there are more cuts to come in other departments of the federal government. It is as though Mr. Trudeau is in competition with Mr. Poilievre. He is showing the conservative leader that liberals can make as many or more foolish cuts in federal spending than the conservatives might.
To understand the federal spending in its simplest form is to consider the debts of a person making $5,000 each month. If the person only had debts of $1,000 to service each month, it would not be much of a problem. Of course, when you expand the debt to include federal agencies, the provinces and their debts plus the debts of each citizen, the right wing gets very upset. It is very difficult for the average citizen to comprehend trillions of dollars.
But at the same time, it is very difficult to compute the revenue of the government, federal agencies, the revenues from each province and the income and personal debts of Canadians. It seems that the right-wing agencies such as the Fraser Institute and the Montreal Economic Institute are in horror of our debt.
What they forget to mention in their complaining is that Canada is a country that attracts new citizens every day from around the world. We just past 40 million in population. Some might not be permanent residents as they are Ukrainians who needed safe haven away from Russia’s war. In the meantime, they are helping Canada grow.
And we are a rich nation. The products of our mines, the wood of our forests, the produce of our farms, herds and orchards join the products of our engineers, designers, planners combined with our factories are known around the world. And Canada is proud to be a trading nation. We also have access to the products of countries of this artistic and inventive world.
And we continue to grow our economy. Yes, we grew our debt a little faster during the worst of the pandemic. It was never more debt than we could handle. The alarmists who would frighten Canadians over the debt are doing it for their benefit, not yours.
Copyright 2023 © Peter Lowry
Complaints, comments, criticisms and compliments can be sent to: