#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 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

January 06, 2026 00:27:32
Episode Cover

Carney REFUSES to Reverse Trudeau's Disastrous Environmental Agenda

Mark Carney says the consumer carbon tax is finished. At the same time, he wants to strengthen the industrial carbon tax. He’s also paused...

Listen

Episode

January 20, 2026 00:28:53
Episode Cover

Carney’s Cape Breton gun grab failure

The federal government finally launched its confiscation program with a six-week pilot project in Cape Breton, Nova Scotia. The government aimed to confiscate 200...

Listen