More red ink from Ottawa won't solve our economic woes
The federal government has decided to borrow tens of billions of dollars to finance a stimulus package we don’t need and new programs that taxpayers can’t afford
It’s one thing to pull out the credit card to pay for new shingles to patch a leaky roof in a storm. It’s another thing to pull out that credit card to buy a new big screen before the rain even stops.
That’s what Ottawa is doing by pilling up new program spending on top of its $1-trillion debt tab. Even worse, the feds are trying to pitch their debt-financed big screen as a good investment.
After record-high government spending in 2020, many economists have warned about the dangers of more debt.