OTTAWA – Parry Sound-Muskoka Member of Parliament, Tony Clement, said today’s economic update from the Trudeau Liberals confirms their spending is out of control, as they now need to borrow $20 billion this year alone to pay for their bloated agenda.
“The Liberals promised a deficit of $10 billion. Today, it is double that. Justin Trudeau also promised balanced budgets by 2019. Today, his government officially projects he will never balance the budget,” said Clement
Justin Trudeau is adding debt at twice the rate he promised and his government projects that debt will grow every year into the future. The Trudeau government is poised to dump 100 billion dollars in new debt onto the backs of Canadians, burdening our children and their grandchildren with a crippling amount to pay back.
“It is high tax hypocrisy for Justin Trudeau to force middle class Canadians to pay for his out-of-control spending, while his family fortune remains untouched. That’s why more than 80% of middle-class Canadians pay more tax today under Justin Trudeau,” said Clement.
The Liberal update comes at the same time the Trudeau government is set to unleash higher taxes on small businesses, and empower the Canada Revenue Agency to make it more challenging and potentially more costly to have family members working in the family business or farm.