Tuesday, February 4, 2020

LIBERALS LEAD IN RACKING UP DEBT

   Prime Minister Justin Trudeau’s Liberals have racked up more debt than any other Canadian government that didn’t fight a world war or endure a recession during the last 125 years.
  A bulletin issued Tuesday by the Fraser Institute says Trudeau will have increased the per-person federal debt by 5.6% (or $1,723) — from approximately $30,922 in 2015 to $32,645 in 2019 — the highest percentage amount since 1895 outside of World war or economic downturn.
   “As you increase debt, you’re putting upward pressure on interest costs and as you divert more tax dollars to interest costs, that leaves fewer resources for tax relief or government programs,” said Fraser Institute policy analyst Jake Fuss.

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