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Trudeau Liberal Budget Is A Disaster · Radio Baloney - The Richie Baloney Show!

• 0:03
  So the Trudeau Liberals have put out their new budget. And even though Justin
• 0:07
  Trudeau himself has promised us that this visionary new budget has got to fix everything,
• 0:13
  apparently by doing exactly the same thing that's gotten Canada into the mess that
• 0:18
  it's in. But even though he's the shortest that everything's going to be fine,
• 0:21
  there still seems to be some people. I guess those mean Conservatives.
• 0:25
  They're probably racist right that well, they're not totally sold on it. Franco
• 0:29
  Tarzano, who joins us once again from Ottawa. Frankco, the Parliamentary Budget
• 0:33
  Officer, is forecasting a deficit of forty one billion dollars this year. Now
• 0:38
  you say the fests have no plan in place to actually balance the budget.
• 0:42
  Yeah, you know, I think it's going to be a real bad news.
• 0:44
  But uh yeah, he is the director Canadian Taxpayers Federation budget for taxpayers.
• 0:51
  Massive deficit going to be around forty billion dollars. Of course, that
• 0:54
  means more debt added onto the backs of Canadians kids and grandkids to pay back.
• 1:00
  Under Trudeau, this federal government has already essentially doubled the entire federal debt.
• 1:04
  And what this means is that more money is being wasted on interest charges
• 1:10
  on the federal debt. I mean, you're probably expecting in this budget year
• 1:14
  for interest charges to be around fifty billion dollars, which is almost or about
• 1:19
  the same amount of money that the federal government sends to the provinces in health
• 1:23
  transfers. But if you look at projections, I mean, in a couple
• 1:26
  of years, in twenty twenty eight, interest charges on the debt could surpass
• 1:30
  the revenue that the federal government collects from its sales tax. So in only
• 1:34
  a couple of years, every time you go to the store and pay the
• 1:37
  federal sales tax, well every penny collected will be going to pay interest charges
• 1:42
  on the federal debt. So totally unsustainable. And really it appears like the
• 1:47
  Trudeau government doesn't really care about fiscal responsibility or helping tax payers. Doesn't care
• 1:53
  about fiscal responsibility, Yeah, I don't think that he does. I don't
• 1:57
  think that he does. Here twenty fifteen, and this is the Canada's national
• 2:00
  government debt twenty fifteen. There at twenty twenty three. Here, I think
• 2:06
  he probably doesn't care. I think it's safe to say that Trudeau does not
• 2:09
  care let's continue to have the ear of Finance Minister Christopheeland. What advice would
• 2:15
  you give her on where the federal government really needs to cut back. First,
• 2:19
  stop wasting so much money, like when the federal government spent eight million
• 2:23
  dollars building a barn at Rideau Hall, or you know when Trudeau last fall
• 2:29
  spent two million dollars on a six day trip to the Indo Pacific region where
• 2:32
  they racked up almost two hundred thousand dollars on airplane food. But you also
• 2:38
  got to do the big things, right, you know, cut down on
• 2:39
  the ballooning bureaucracy. The Trudeau government has added about one hundred thousand new bureaucrats,
• 2:46
  has handed out like a billion dollars in bonuses, and also stop the
• 2:51
  corporate welfare. So talking about those one hundred thousand bureaucrats, so when I
• 2:55
  say that the money they spend just goes to bureaucracy, that's what I'm talking
• 3:00
  about. He's increased government employees by forty percent, size by forty percent since
• 3:06
  he got in. But anyway, let's continue fair. Right, We've heard
• 3:08
  the Feds announce tens of billions of dollars in corporate welfare to build these battery
• 3:15
  plants. Do you know what, if you want to grow the economy,
• 3:19
  you should cut taxes, cut red tape and cancel the corporate welfare. All
• 3:23
  that money for the is it tens of billions for the battery factories? Of
• 3:29
  course, the electric car market immediately goes in the tank because you know it's
• 3:34
  Trudeau, right, It's Trudeau great at figuring out ways to waste money.
• 3:40
  How is it even possible there, Franco Tarrazano again, that's the guy we
• 3:45
  just saw, Canadian Taxpayer Federation. How is it even possible for government to
• 3:47
  hike taxes and still run a forty billion dollar deficits? So yeah, increasing
• 3:53
  the increasing the capital gains tax. I wonder if there could be any unforeseen
• 3:59
  cosequences of that, right, I wonder if people are gonna I wonder if
• 4:03
  people with money are going to love that and think, what a great idea.
• 4:06
  Why don't I lose more of my money in Canada? Or maybe they'll
• 4:11
  say, maybe we won't invest in Canada, maybe we'll take our money out.
• 4:15
  I don't know, you know, come to think of it, they
• 4:16
  might just do that. They might just do that, huh,