The Liberals have been using the CPP & QPP's assets in their calculations to show that the federal debt is lower than it is

I've been calling this out for years and glad to see it now mentioned on CBC as this lie being parroted by voters all the time.

"we're facing a rising debt-to-GDP ratio, especially when you combine it with the provinces. The government is not only unconcerned about this but presents a kind of a cack-handed way of explaining it, where if you subtract the CPP and the QPP, we have a debt-to-GDP ratio of only 10%.

Well, you can't actually use pension funds to pay off your debts; it's a completely bogus comparison."

The Liberals have been using the CPP & QPP's assets in their calculations to show that the federal debt is lower than it is. It's not only creative accounting but a straight-up lie.

I've been calling this out for years and glad to see it now mentioned on CBC as this lie being… pic.twitter.com/hROb3ulGQD

— Kirk Lubimov (@KirkLubimov)April 30, 2026