Federal budget spends more on everything with no plan to pay for it

The Trudeau government has set Canada on a path to fiscal destruction

Federal budget spends more on everything with no plan to pay for itBy Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation 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…

In Budget 2021, feds needs to get runaway spending under control

Will she put Canada back on the road to fiscal reality or double-down on sky-high spending?

In Budget 2021, feds needs to get runaway spending under controlAs Canadians wait to see just what will be in the first federal budget in more than two years, this much is certain: that the amount of red ink will surge past any other deficit records in Canada’s modern history. What’s less certain is whether Finance Minister Chrystia Freeland plans to put Canada on a…

Trudeau’s litany of broken promises, and higher carbon taxes

Trudeau told us he wouldn’t be increasing taxes. He lied

Trudeau’s litany of broken promises, and higher carbon taxesBy Aaron Wudrick Federal Director and Franco Terrazzano Alberta Director Canadian Taxpayers Federation Happy New Year taxpayers! Well, maybe not so happy after all. Courtesy of Prime Minister Justin Trudeau, you can now expect higher home heating bills and gas prices. The Trudeau government recently rolled out new plans to massively increase the carbon tax…

Trudeau taking the federal debt to infinity and beyond

The Trudeau government has taken the federal deficit from $19 billion to $381 billion in just nine months

Trudeau taking the federal debt to infinity and beyondIt’s official: the Trudeau government has taken the federal deficit from $19 billion to $381 billion in just nine months. That’s the staggering takeaway from Finance Minister Chrystia Freeland’s fall economic statement, and it means Canada’s total federal debt will for the first time shoot past $1 trillion in a few weeks. Critics will argue…

Trudeau’s cavalier attitude towards debt is troubling

The prime minister needs to reconsider his love of debt before Canadians decide it is time for him to go

Trudeau’s cavalier attitude towards debt is troublingIt turns out that Prime Minister Justin Trudeau doesn’t think now is the time for a fiscal anchor to set some limits on government spending. That shouldn’t really surprise anyone, because he also didn’t think his first four years in office were the right time for one either. Most Canadians will recall Trudeau’s 2015 election…

Trudeau’s second carbon tax coming at worst possible time

Trudeau needs to go back to drawing board and come up with an environmental plan that doesn’t hammer taxpayers

Trudeau’s second carbon tax coming at worst possible timeBy Aaron Wudrick and Franco Terrazzano Canadian Taxpayers Federation Whenever Prime Minister Justin Trudeau wants to solve a problem, his solution can’t be to hit families and businesses struggling to get by with even more costs. Yet, that’s exactly the approach Trudeau is taking with his second carbon tax. As Postmedia columnist John Ivison reported,…

Trudeau’s infrastructure announcement raises red flags

Every dollar spent on white elephant vanity projects reduces the money that could be spent on schools, hospitals

Trudeau’s infrastructure announcement raises red flagsIf a door-to-door salesman pitched you on a “win-win” sale, your first reaction would probably be skepticism. Unfortunately, a similar level of skepticism is called for whenever a politician declares their latest spending project to be a “win-win.” That’s exactly what Prime Minister Justin Trudeau affirmed was the case when he announced that the “independent”…

An argument for a tax-cut led recovery

An argument for a tax-cut led recoveryThe focus on the federal deficit has rightly been on the staggering scope of emergency spending, but there has been much less talk about the other big part of the equation: government revenues have plunged due to the economic shutdown. Indeed, the federal government’s July fiscal snapshot revealed that the government expects a steep drop…

Trudeau needs to turn off the emergency spending taps

Trudeau needs to turn off the emergency spending tapsAs Canada slowly begins to emerge from a pandemic-induced shutdown, a severe economic hangover persists: a $343 billion deficit as of early July’s fiscal snapshot. In reality, it is certain to be even higher by the time newly-minted Finance Minister Chrystia Freeland gets around to preparing a fiscal update in the fall. With a deficit…

Tough times ahead: what is Trudeau prepared to cut?

The federal government’s single biggest cost centre is the $51 billion it spends on salaries and benefits for its 368,000 employees

Tough times ahead: what is Trudeau prepared to cut?As Preston Manning used to say the last time the federal deficit was so big, when you’re in a hole the first thing to do is stop digging. Very soon now, the Trudeau government needs to put down its very large shovel. Getting Canada’s $343 billion federal deficit under control will be a daunting task.…