Will PM Carney tell Canadians the truth about the national debt and how he will deal with it?

[blackbird]

The fact is the government has run up nearly 1.5 trillion dollars in the national debt with its war against climate change a major cause.  Reduced standard of living of Canadians and housing crisis because of higher costs of everything.  Thousands of people living in tents.  Add to that the billions more being spent on social programs like school food programs, a national dental care plan, and now pharmacare.  Billions more being spent than ever before and billions must be spent to service the interest payments on the national debt.  That means less money available for social programs.  How is Canada going to manage to pay for all the social programs, pay the interest on the 1.5 trillion dollar debt and still increase the budget for the Canadian Forces and health care, etc.?  Where is the money going to come from?  Trudeau left his job with around 8 million in pensions and is laughing all the way to the bank after leaving Canadians saddled with a massive debt that at the moment is around $40,000 to $70,000 per person in Canada.

"The debt burden for families across Canada has been growing substantially for more than a decade. As was the case in the 1970s to mid-1990s, deficit spending and debt accumulation have become the norm for the federal and many provincial governments. Since 2007/08, total net debt (inflation adjusted) has nearly doubled in absolute dollar terms. Rising government debt has severe consequences for Canadians as more and more resources are directed toward interest payments and away from programs that help families or improve Canada’s economic competitiveness. Since we are now past the COVID-19 pandemic, the federal and provincial governments must develop long-term plans to meaningfully address the problem of government debt in Canada."

The Growing Debt Burden for Canadians, 2024 edition

Edited March 25, 2025 by blackbird