Trudeau’s debt-creating policies mean more wealth for international banks, and less economic freedom for Canadians.
The Trudeau government has been great for international banks.
While middle class and working class Canadians get robbed of more and more of our money through taxes, Trudeau has given more power to international banks through the so-called ‘Canada Infrastructure Fund,’ which puts Canadian taxpayers on the hook for billions in potential losses, while directing profits to banks that aren’t even Canadian.
International banks are also happy about the huge budget deficits the Trudeau government has chosen to rack up. Despite being handed a balanced budget, Trudeau chose to run deficits, then chose to even exceed the deficits he originally promised.
That has resulted in tons of money being borrowed from foreign banks, making international bankers wealthier, and reducing the fiscal room in our country.
Now, with interest rates going up, the burden of debt is rising – and along with it the payments to international banks are rising as well.
In Question Period, Conservative Finance Critic Pierre Poilievre brought attention to the fact that international bankers love the budget deficits of the Trudeau government, also noting that the top 1% are paying less in taxes, while 80% of middle class families are paying more.
Watch the exchange below:
Photo – YouTube