Yeah but he can't. That would involve cutting back spending to reduce the amount of money going into the marketplace. I suspect he just intends to let it take it's course and hope the bank cuts eventually do the job after we go into recession.
But why aren't they asking the obvious question - if you CAN do something about it... why did you wait till now?
Then from the Guy who wants Budgets to balance themselves (Who has increased the debt more than ALL other previous Prime Ministers COMBINED)…
Prime Minister Justin Trudeau launched a forceful attack of Pierre Poilievre Monday, describing the new Conservative Leader as an irresponsible politician who promotes reckless economic ideas (???).
The new Conservative Leader called on the Liberals to promise they would not hike taxes, while the PM says Poilievre doesn’t have a real plan for Canadians
apple.news
Mr. Trudeau congratulated Mr. Poilievre on his victory and said Liberals are open to working with other parties in Parliament.
“But this doesn’t mean that we’re not going to be calling out highly questionable, reckless economic ideas,” he said??
Today, let’s trace Justin Trudeau’s conversion from advocating balanced budgets when he was Liberal leader, to abandoning that belief as prime minister.
torontosun.com
Just six years ago at the start of the 2015 federal election campaign that brought him to power, Trudeau said he was firmly in favour of balanced budgets.
“Our platform will be fully costed, fiscally responsible and a balanced budget,” he said in April 2015. “I’ve committed to continuing to run balanced budgets … Liberals balance budgets. That’s what history has shown,” he repeated in July 2015.
But just three weeks later, on Aug. 25, Trudeau made an astounding flip flop, saying a Liberal government would run three years of “modest deficits” followed by a balanced budget in 2019.
Trudeau, looking earnestly into the camera during the Sept. 17, 2015 leaders’ debate on the economy said: “I am looking straight at Canadians and being honest the way I always have. We will balance that budget in 2019.”
Trudeau’s actual record was a $19 billion deficit in 2016, another $19 billion deficit in 2017, a $14 billion deficit in 2018 and a $26.6 billion deficit in 2019, with no end of deficits in sight…..THEN COVID 19….