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Here’s why we should worry.
First, to meet Trudeau’s new fiscal promises, his 2018 budget claimed that direct program spending will only grow 1.6% per year for the next half decade when his record so far has been 5.6% per year — three times higher than he now promises.
Such restraint is not likely from a guy who promised during the election to review spending and find $3 billion in savings. This month, his government announced the review has not found a single penny to eliminate. Instead, it gave them ideas for even more spending.
On top of that, Trudeau’s current fiscal promises require that there be no additional spending in next year’s pre-election budget. But dollar signs are already dancing in Liberal heads. They set up a panel to design a new national pharmacare program, which the Parliamentary Budget Officer costed out at $19 billion per year — enough to double the deficit.
First, to meet Trudeau’s new fiscal promises, his 2018 budget claimed that direct program spending will only grow 1.6% per year for the next half decade when his record so far has been 5.6% per year — three times higher than he now promises.
Such restraint is not likely from a guy who promised during the election to review spending and find $3 billion in savings. This month, his government announced the review has not found a single penny to eliminate. Instead, it gave them ideas for even more spending.
On top of that, Trudeau’s current fiscal promises require that there be no additional spending in next year’s pre-election budget. But dollar signs are already dancing in Liberal heads. They set up a panel to design a new national pharmacare program, which the Parliamentary Budget Officer costed out at $19 billion per year — enough to double the deficit.