#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 128

March 13, 2023 00:30:03
Episode Cover

#128 CBC’s Big Bonuses and Six-Figure Salaries

The number of CBC staffers taking home a six-figure salary has doubled under Prime MinisterJustin Trudeau. The state broadcaster also handed out $16 million...

Listen

Episode 80

June 25, 2021 00:36:02
Episode Cover

#76 INTERVIEW: Rob Louie is fighting for accountability within First Nations governments

"How do we work together to improve life for First Nations people living on and off reserve in Canada? Rob Louie is working hard...

Listen

Episode 20

July 28, 2020 00:24:31
Episode Cover

#15 Ottawa Studies Home Tax, Atlantic Canada Has Tax Problems, and Catherine McKenna Spends Thousands on Photo Shoots

News at the Top – Ottawa Studies Home Tax The federal government is spending $250,000 on a study that that includes the idea of...

Listen