Sunday, September 06, 2020

CANADIAN Deficit Spending Is Unsustainable

 Parliamentary Budget Officer Warns

Raise Taxes or Cut Services
Only Options For Canadians


"It’s without a doubt that we cannot afford deficits of over $300 billion for more than just a few years,” said Giroux. “And when I say a few years, I really mean a year or two. Beyond that, it would become unsustainable.

“So if the government has plans for additional spending, it will clearly have to make difficult choices and either raise taxes or reduce other areas of spending. Because it’s clear that we cannot afford to have deficits of that magnitude for even the medium term.”

 


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