The Liberal government has broken yet another election promise. They’ll have to borrow much more from Canadians than they had originally promised to pay for their out-of-control spending.
During the last election, the Liberals promised they would not borrow more than $10 billion in 2016. But Finance Minister Bill Morneau has confirmed they will indeed borrow more than $18 billion to finance their spending promises. And in fact it could get much worse: TD Bank economists say Canada could see up to $150 billion in deficit spending between now and 2021. $150 billion!
This is from the same government that inherited a $1 billion surplus because of good Conservative economic management, which they’ve squandered in just a few months in office.
The Liberal plan does not create jobs and it does not control spending. And the fact is – no matter how much money you borrow, you have to pay it back. Budgets don’t balance themselves. The Liberals don’t understand that borrowing this money today means less money for seniors’ programs and infrastructure projects, and it means that they will eventually have to raise taxes.
The Conservative Party will be the voice of taxpayers, and Conservatives will stand up to runaway Liberal spending that will lead to waste, more debt and higher taxes.
Robert Sopuck, MP