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Podcast: Faytene TV
Episode: Federal Deficits Until 2070?
Description: In April, the Trudeau government revealed a three hundred and fifty billion dollar deficit in the 2021 budget. The government announced one hundred billion in new spending but no plan for a balanced budget. Canada’s federal debt recently surpassed one trillion dollars as a result of pandemic spending. According to recent Parliamentary Budget Officer data, it is predicted that on this track, the federal budget will not be balanced until 2070, when today’s minors are reaching retirement age. This all means that the next generation in Canada could live their entire lives carrying this debt burd...