There’ll be a day when the Government of Canada has no option but to tell the truth. Read More
This will come as a rude awakening for those who currently believe they can endlessly milk the system for globs of free money
This will come as a rude awakening for those who currently believe they can endlessly milk the system for globs of free money
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There’ll be a day when the Government of Canada has no option but to tell the truth.
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This will come as a rude awakening for those who believe they can endlessly milk the system for free money while simultaneously displaying their moral superiority on every issue tagged with a progressive moniker.
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Meanwhile, for the rest of us, the only progress noticed during the past dreary decade is an endless ratcheting up of massive amounts of federal debt that heralds an approaching financial horror show.
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The C.D. Howe Institute recently estimated Canada’s current financial year deficit sits at $92 billion. They’re forced to guess, because the Liberal government hasn’t yet presented a budget. Maybe we’ll get one this fall, being the latest word from Ottawa.
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Noon News Roundup
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Isn’t Prime Minister Mark Carney a banker by trade? In those formative years, would he approve billion-dollar loans to naïve, would-be entrepreneurs who couldn’t even manage to produce a business plan? Yet, under his stewardship, we’re merrily flying in the financial dark with our blindfolded eyes shut tight.
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Carney probably doesn’t want to admit how disastrous our country’s economy is these days following his predecessor’s tenure, one in which budgets were supposed to balance themselves. (Spoiler alert: they never did. Not once.)
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No doubt when this current gusher of red ink is finally made public, Carney will lay the blame on U.S. President Donald Trump, who’s quickly becoming the human equivalent of the COVID virus whenever a reason is needed for unhinged federal spending.
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And that $92-billion deficit estimate is simply based on what’s announced so far. Heaven knows what other expensive goodies will be handed out later this year to any special-interest group with a pulse: relentlessly braying at the federal trough for a share of the borrowed-cash bounty.
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Despite loss of electric vehicle incentives, General Motors says EV sales trend upward in Alberta
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Pressure building on Liberals to rethink electric vehicle mandate
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For a perfect example of how Ottawa squanders huge amounts of money for no other reason than its own moral grandstanding, look no further than the ludicrous boondoggle heavily subsidized electric vehicles have become in our country.
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There will be a time, perhaps in the next decade, when EVs are indeed the preferred choice of a majority of Canadians. By then the charging network will be extensive, the batteries capable of performing as well in cold weather as in warm, and the initial price tag, plus running costs, comparable or better to those of a gasoline-powered vehicle.
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