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EDITORIAL: Huge public debt risks Canada s future
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Hat ranks average in municipal spending and business tax rates, according to News calculations
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MLA Report: Corporate welfare does not create long-term prosperity - Medicine Hat NewsMedicine Hat News
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As laid out in
Blacklock’s Reporter, the briefing note described the CBC as a source of “trusted news and information,” but acknowledged widespread complaints at routine license renewal hearings last January.
That would be the 10,000 castigations questioning it as the “trusted” news source because of its overt left-wing bias.
A case in point. The Canadian Taxpayers Federation this week noted the federal government won’t return to a balanced budget until 2070, according to data released by the Parliamentary Budget Office.
That’s some 50 years from now.
By 2070, it will cost Canadians some $3.8 trillion in interest charges.
Want deep coverage of this? Don’t turn to the taxpayer-dependent CBC for a critique or look for acknowledgement of their $1.2 billion annual grant that never seems to be enough.
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The Liberal government under Prime Minister Justin Trudeau has heaped on numerous new permanent spending programs in recent years, including a planned national childcare program, expanded Employment Insurance, increased elderly benefits, and bigger transfers to provinces for infrastructure, among other things. That, along with drastically weakened fiscal positions in the provinces and territories due to the COVID-19 pandemic, has substantially extended the timeline for when Ottawa might return to balance, according to the PBO’s Fiscal Sustainability Report (FSR). Reaching surplus could now take until 2070, up from 2023 just months before the pandemic struck.
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