#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 98

October 25, 2021 00:37:31
Episode Cover

#94 TWO DOLLAR GAS?

Governments are charging taxes on top of taxes when it comes to gas in Canada, and taxpayers are paying the price. In many provinces,...

Listen

Episode 68

April 22, 2021 00:28:18
Episode Cover

#64 O’Toole Breaks Carbon Tax Promise, Budget a Debt-Fueled Spending Binge, Bills Pile Up After Cancelled Barbados Trip

News at the Top – O’Toole Breaks Carbon Tax Promise Conservative Party of Canada Leader Erin O’Toole has announced his own federal carbon tax....

Listen

Episode 165

November 13, 2024 00:42:34
Episode Cover

#165 Taxpayers fight pension grab in Parliament

The CTF was in Parliament pushing back against the government delaying the next election to give dozens of extra politicians a pension they don’t...

Listen