..leading up to and during the early part of at the 2015 election campaign, Trudeau repeatedly pledged a Liberal government would run
balanced budgets and hypocritically blasted the Harper Conservatives for running deficits, even though the Liberals
demanded them in the wake of the 2008 global recession.
Then, in mid-campaign, Trudeau reversed himself, calling for “modest” deficits of
$9.9 billion in 2016-17,
$9.5 billion in 2017-18,
$5.7 billion in 2018-19,
with a $1 billion surplus in 2019-20, the final year of his election mandate.
Morneau’s fall economic statement exposes those numbers as a fabrication.
With the economy booming, according to Morneau, Trudeau now has a 2016-17 deficit of $17.8 billion,
80% higher than the $9.9 billion he projected during the 2015 election.
For the 2017-18 fiscal year, Trudeau now projects a $19.9 billion deficit,
109% higher than the $9.5 billion he predicted in 2015.
For the 2018-19 fiscal year, Trudeau now projects an $18.6 billion deficit,
226% higher than the $5.7 billion he predicted in 2015.
For the 2019-20 fiscal year, the final year of his election mandate,
Trudeau now projects a $17.3 billion deficit, astronomically higher than the $1 billion surplus he predicted in 2015.
Morneau’s economic statement also predicts that in the first three years of the next Liberal government — should Trudeau win in 2019 — his deficits will be
$16.8 billion in 2020-21,
$13.9 billion in 2021-22 and
$12.5 billion in 2022-23.
Liberals committed to never-ending deficits, debt | Toronto Sun\
Listen sunny boy...budgets don't f***ing balance themselves. This guy is totally off his nut. His Finance Minister is an unethical, lying, entitled cheat facing serious ethics controversy. Both of them are completely out of touch with reality, it's like they actually believe they were given a mandate to rack up unprecedented, unsustainable, and insurmountable debt. Neither one of them has one ounce of respect for the people they are supposed to be working for, their contempt for the fiscal well-being of this country is appalling. At what point do Canadians wake up and realize that this lunatic is going to completely decimate this country's economy??