#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 137

February 20, 2024 00:44:02
Episode Cover

#137 A scam app and a scam tax

The ArriveSCAM app is worse than you think. The Auditor General writes a scathing report into the ArriveCAN app that socially distanced taxpayers from...

Listen

Episode 35

October 27, 2020 00:25:32
Episode Cover

#31 Canada’s Deficit the Biggest in the World, Alberta and Quebec Agree C-69 is Bad, and Quebec Keeps Crashing Ships into Docks

News at the Top – Canada’s Deficit the Biggest in the World The news is officially bad: Canada’s government is spending more money than...

Listen

Episode 142

March 30, 2024 00:28:32
Episode Cover

#142 Canada’s tax revolt

Prime Minister Justin Trudeau has lost the people and the premiers on the carbon tax. Seven of 10 Canadians and provincial premiers oppose Trudeau’s...

Listen