#144 Debt interest = $1 billion/week

Episode 144 April 23, 2024 00:43:10
#144 Debt interest = $1 billion/week
Canadian Taxpayers Podcast
#144 Debt interest = $1 billion/week

Apr 23 2024 | 00:43:10

/

Show Notes

Welcome to Canada, where you pay a federal sales tax so Prime Minister Justin Trudeau can cover the interest payments on his government’s credit card.

That’s literally what’s happening. Interest charges on Canada’s debt will be $54 billion this year. GST revenues will be $54 billion.

On top of soaring interest charges, the federal budget includes massive deficits, a tax hike, the doubling of the national debt, and no plan to balance the budget.

We break down what you need to know about the federal government’s 2024 Budget. All that and more in this week’s Canadian Taxpayers Podcast.

Other Episodes

Episode 189

August 13, 2025 00:29:57
Episode Cover

#189 Retaliatory tariffs are TAXES on Canadians

If Trump wants to hammer Americans with new taxes, it doesn’t mean Carney should hammer Canadians with new taxes. Retaliatory tariffs are taxes on...

Listen

Episode 65

April 06, 2021 00:32:53
Episode Cover

#61 INTERVIEW – Danielle Smith, on the Future of the Press

We've got a new interview for you. Danielle Smith is a former Member of the Legislative Assembly of Alberta, and served as leader of...

Listen

Episode 11

June 29, 2020 00:22:14
Episode Cover

#11 CERB’s Unintended Consequences, Bombardier Back at the Trough, and Health Bureaucrats Book Conference After Lockdown

News at the Top – CERB’s Unintended Consequences   Some governments are paying people to stay home while other governments pay them to go back...

Listen