• Deficit closing in on $400 billion but speech gives no indication govt has any plans to address it • Alarming references to new, permanent big-ticket spending on measures unrelated to the pandemic • Green corporate welfare plans
Taxpayers Federation: Throne speech promises risk breaking the bank
OTTAWA, ON - The Canadian Taxpayers Federation expressed deep concern about the agenda proposed by the Trudeau government in today’s speech from the throne, which gave no indication it plans to dial down spending, lay out a framework to right the fiscal ship, or ensure a broad-based economic recovery.
“The deficit is closing in on $400 billion and there was zero mention of any plan to hit the brakes on spending,” said CTF Federal Director Aaron Wudrick. “We can’t carry on like this for much longer, and yet the Trudeau government seems to meet this deteriorating fiscal situation with a shrug.”
