Singh Hallan: Canada's Fiscal Future at Risk:

Started by Ibrahim, 2025-08-05 13:28

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Canada's Fiscal Future at Risk:
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Carney's Spending Spree Must be Stopped As the new Prime Minister, Mark Carney, prepares to take the reins, Canadians are being misled about his commitment to "aggressive savings.

" The reality is far more ominous. Carney's spending plans are poised to surpass even those of Justin Trudeau, with deficits potentially ballooning to a staggering $92 billion. This unchecked spending spree will have devastating consequences for Canadians, fueling inflation and forcing the Bank of Canada to keep interest rates high.

The implications are dire. Hardworking Canadians are already shouldering an unsustainable tax burden, with 42.3% of their income going towards taxes – more than they spend on housing, food, and clothing combined. It is imperative that the Liberal government takes immediate action to rein in their inflationary deficits and reduce the overall deficit. Anything less would be a dereliction of their duty to make life more affordable for Canadians.

After a decade of Liberal profligacy, it is time for a change. Carney's spending plans are not the answer to Canada's economic woes. Instead, they are a recipe for disaster. It is essential that the government prioritizes fiscal responsibility, reduces wasteful spending, and takes a more sustainable approach to managing the nation's finances. Only then can Canadians expect a brighter economic future, with lower taxes, reduced debt, and a more affordable cost of living.

Singh Hallan

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