Juno News - Carney’s $78B deficit pushes debt to record highs

00:00:00.160 yeah so we've got a good show for you here today uh i've got isaac and alex first we needed to

00:00:05.440 address the fact that clearly alex is being held in a hoth bunker by al-qaeda at an undisclosed

00:00:13.520 location um and i gotta say before we got the camera rolling because i gotta call him out here

00:00:19.200 i said are you on hoth h-o-t-h and he didn't know the difference between star wars and star trek

00:00:26.240 everyone should know what hoth means the second they hear it uh there's there's no uh other

00:00:31.680 interpretation uh other than of course the planet from star wars so alex i gotta ask you i'm i'm not

00:00:38.800 even sorry to pick on you um alex when you see the meme okay going around in like winter time in

00:00:46.000 canada and it's han solo up on a tauntaun saying i'm going to tim's do you need anything like is that

00:00:53.840 just does that look like a big sheep to you i have no idea what any of that means like you might as

00:00:59.680 well be speaking a completely different language i didn't have cable growing up so and i i never

00:01:03.520 really liked sci-fi i still don't all right dude you don't like cable to watch star wars man the only

00:01:10.640 thing i liked about star trek was my sister and i would watch the very beginning where and we would

00:01:15.600 try to find the string do you remember like the very beginning the opening of star trek how it would

00:01:20.480 show like the spaceship coming in and you could actually see the string it was a wire but yes

00:01:25.920 yeah okay all right i can't get this distracted although this is providing me some happy distraction

00:01:33.760 after that absolute dumpster fire of a physical document that would refuse to call a budget but

00:01:38.400 we'll work on them right isaac like i got i get over 60 on the geek test i beat to the sean newman

00:01:44.640 podcast the other day have you taken the geek test yet isaac no but i'm sure i'd pass it with flying

00:01:49.840 colors okay it's on like donkey kong because nobody's beat me yet so i'm going to send it to

00:01:53.920 you after we get started speaking of which you don't want to know you're self-explanatory okay

00:02:01.040 all right let's get this thing started

00:02:06.960 hi my name is chris sims i'm the alberta director for the canadian taxpayers federation

00:02:12.480 i'm also the host of the show here on juno slash true north called the fighter because we're always

00:02:17.840 fighting for lower taxes less waste more accountable government i'm joined here by two of my friends

00:02:22.480 isaac isaac is holding down the fort you're in edmonton right now right yeah chris i i tell you

00:02:28.080 i went to bed last night it was like september weather and i woke up this morning january weather

00:02:31.680 snow everywhere so yeah grab the grab the shovel it's here um which is why i was riffing off the

00:02:37.520 whole empire strikes back thing with alex and then he blinked at me but that could also be because

00:02:42.480 are you in new west right now yeah i'm in the yes the royal city right so the original capital of

00:02:49.280 british columbia before was usurped by those uppity people from fort victoria right because they just

00:02:53.760 wanted to take it from the good people of new westminster and new west gets like half an inch

00:02:58.800 of snow every 10 years or so so this is probably why i didn't know what hoth was okay we have a lot to go

00:03:04.320 over uh federally speaking the so-called budget okay was released this week and i'm using that term

00:03:12.400 very loosely because i'm not going to sugarcoat it it's just a disaster like it is a complete

00:03:18.320 disaster i can't believe that prime minister mark carney has his phd in economics i can't believe

00:03:25.680 that he was the head of the bank of canada or england this is worse than i was expecting because

00:03:30.880 we've got a 78 billion dollar deficit meaning we are piling more and more money onto the debt

00:03:38.880 and they're spending more than 30 billion dollars more than they did last year okay so guys i don't

00:03:47.840 know who wants to jump in on your first but i was at such a loss to explain this dumpster fire of a

00:03:53.840 fiscal document that they're calling a budget i think i think they think money is a social construct

00:04:01.440 and that it isn't really mathematical or tangible or real uh who wants to jump in on this first isaac i

00:04:06.960 see you nodding your head yeah a few things i'll say chris the first thing that stands out to me is

00:04:13.440 i mean if people are so short-sighted we we like we forgot like less than a year ago christia freeland

00:04:20.160 resigned over a budget that was less bad than this and then they're the liberals are presenting as you

00:04:26.320 said carney as this economic mastermind only to present a worse budget that the former finance

00:04:31.200 minister resigned over it makes absolutely zero sense and one thing you you didn't mention yet chris but

00:04:35.920 i'm sure you'll get into is of course the debt because i saw the ctf mentioned what was the debt

00:04:40.720 going to get to this year 1.35 trillion and then what was it 1.6 something trillion within a few

00:04:45.920 years i mean these are numbers i can't even picture the amount of zeros that that number has in my mind

00:04:51.920 when i'm trying to think of the number 1.3 trillion it's like what is that it's you can hardly even

00:04:58.400 understand what a billion is let alone a trillion i mean this is absolutely ridiculous and you know it's

00:05:03.920 funny i was talking to some people uh non-political people let's say at my church about about the

00:05:09.280 budget i just said god god help the children like you think people can't afford to live now god help

00:05:14.240 your children they will never be able to afford to live in canada we're we're we're heading there um

00:05:20.640 two things one oh three things one a trillion like to isaac's point and it's not being silly at all

00:05:27.920 it's it's hard to conceive of that big of a number okay a trillion is a one with 12 zeros after it

00:05:37.680 if you started counting right now like picture yourself like scrooge mcduck okay you know swimming

00:05:43.440 through your your gold little loonies there if you started counting right now in dollars it would

00:05:48.400 take you 30 000 years to count to one trillion our ice age was more recent than that like with the

00:05:58.160 mammoths and stuff okay like this is bad the debt interest charges that we are paying every year guys

00:06:07.200 i have to be clear with all of our viewers here and i know this sucks okay pardon my language um i know

00:06:12.480 people don't like thinking about debt okay because it's upsetting but we have to face this okay interest

00:06:19.360 charges on the debt are not some economic guru fungible thingy that they hide it is a line item

00:06:26.720 in the budget we have to pay it as a bill it is costing us more than 50 billion dollars this year

00:06:34.560 more than a billion dollars a week to put this into perspective it costs a billion dollars to build a

00:06:41.280 hospital okay so every week i want people to visualize when it comes to the debt interest

00:06:47.600 picture building a brand new hospital fresh paint like stainless steel handrails all the magical doors

00:06:53.600 that open on their own burn it burn it to the ground every saturday night that's what we're spending

00:07:00.320 on debt interest right now alex i see you nodding your head there this is it was worse than i was bracing

00:07:05.520 myself for i was bracing myself for a maybe like 60 billion deficit the way that the pbo was warning

00:07:12.320 but it's close to 80 i can't believe it yeah i think the hospital analogy is a good one specifically

00:07:17.920 because the the federal government what i find interesting about it is they don't really have

00:07:22.800 carriage over that many things no the federal government is only really responsible for border

00:07:27.200 security the military and tax collection how do they possibly justify spending this much money i mean

00:07:33.600 the big ticket items like a hospital or a school are handled by the provincial government what are we

00:07:39.520 getting for this money that's a great question so the big stuff is big waste like corporate welfare

00:07:46.720 like tens of billions of dollars out the door gone um something as dumb as having a state broadcaster

00:07:52.880 for example the cbc is 1.4 billion this year oh and they confirmed remember it was super weird timing

00:08:00.480 remember back during the federal election and the federal government announced more money for the

00:08:06.400 federal state broadcaster an extra 150 million dollars which i just you know hit pause that flies

00:08:13.520 in the face of a free press so bad that it's kind of embarrassing to point out it's like having to

00:08:18.960 remind somebody to put pants on before they leave the house like it's so stupid but no they confirmed it

00:08:24.160 in the budget document an extra 150 million dollars for the cbc so those are big ticket items but then

00:08:30.560 there's like the totally stupid stuff that they spend money on like the like a hundred thousand dollars

00:08:36.400 to make a documentary about a grocery cart like sending i think it was i forget how much money it was

00:08:43.120 it was about a million dollars over to vietnam for like gender neutral rice production i don't even know

00:08:51.040 what that means but you're paying for it so yeah to answer your question alex they blow so much money

00:08:58.480 it is just criminal how much money they waste yeah chris there's a there's a something i've been

00:09:05.280 thinking about recently just comparing modern governments to i want to say let's say historical

00:09:10.880 governments i really feel that's what's fallen the most is the respect for taxpayers money i mean look at

00:09:17.120 these modern liberal type governments they have zero respect for taxpayers money they don't care it's

00:09:22.160 it they don't treat it like it's their own money whereas i i feel like historical fiscally conservative

00:09:26.720 governments were were the opposite they actually respected the money as if it was their own as if

00:09:31.680 they made it themselves and that's clearly not the case with the liberals it's it's like you have in

00:09:36.640 imagine in your head that you have infinite money and you could do whatever you want with it that's

00:09:39.680 pretty much how the liberals behave yes it is and i gotta point out this is always the way with every

00:09:46.000 single liberal government like this was definitely the way with the first trudeau in fact this is

00:09:51.440 kind of haunting the language that is being used here because pierre elliott trudeau the first trudeau

00:09:57.040 prime minister um he tanked the economy too he tanked the budget too um and they were talking about

00:10:03.840 dumb stuff like calling spending investing as if as if international credit rating agencies care what

00:10:11.360 kind of label you're sticking on your spending budget uh spoiler alert they don't um they're also

00:10:17.040 talking about building canada as if to your point alex that's the government's job no it's not like

00:10:24.240 please get out of the way you're bad at this like you're bad at everything quit doing this you're wasting

00:10:29.760 money and i'm almost hesitant to bring this up again but i'm seeing some headlines now from

00:10:37.360 international credit rating agencies that are looking real hard at that budget they're looking

00:10:44.080 at the expansive nature of government and the crazy level of spending you were talking about praying

00:10:50.640 isaac everybody pray we don't get a credit downgrade chris there was something that i wanted to talk to

00:10:58.000 you because uh this i don't think has gotten uh as much attention as maybe is warranted especially when it

00:11:03.520 comes to teachers and nurses and and the way they like to use this in their favor but of course we

00:11:09.120 saw in some in the liberals's calculations i think it would have been in net debt to gdp or debt to net

00:11:14.960 gdp uh comparisons they're using the cpp as an asset as if they could spend the cpp as if it's an asset

00:11:22.400 because it's it because there's obviously so much money in there and without that their calculations

00:11:26.000 would be much much worse so can you just talk to that chris because the i mean we've heard teachers

00:11:31.360 nurses and everything especially in alberta when it comes to separation like you're not going to touch

00:11:35.440 my pension it's like well look at the federal government they're using your pension as an asset

00:11:40.160 on on their fiscal documents and so you do is the same both ways or not great question and this is

00:11:47.680 concerning um the issue here to your point okay how do i put this with like a normal person so okay if

00:11:55.440 you if you were trying to say get um a mortgage okay or getting a really good rate for your line

00:12:01.280 of credit like hey bank or whatever you're trying to sweet talk to get a low interest rate you would

00:12:07.280 list stuff like to your point isaac your assets okay how much is your truck worth how much is your

00:12:12.800 current house worth how much is anything else that you physically own worth because of course the

00:12:18.800 money man the lender has got it in their mind of if this person loses their job or you know just

00:12:26.560 stops doing anything i could get that seize it and sell it in order to get my money back that's what it

00:12:33.440 means when you're listing something as an asset so yeah i would understand why people would be alarmed

00:12:40.080 by that now apparently they've done this in their calculations different times before but that doesn't

00:12:45.760 mean that this isn't an issue that doesn't mean that this isn't a problem um i would be concerned

00:12:51.120 about it just because from my own experience i remember when previous uh liberal government back

00:12:58.480 in the 90s used the ei fund the employment insurance fund which was our money like workers pay into that

00:13:05.760 every paycheck okay so do employers but it's the workers no the government just used it so that's yeah

00:13:12.960 totally totally valid go ahead alex so on your micro comparison i used to be a lender and oh

00:13:18.560 listen to this fun lender fact for you um pensions are not considered assets by the banks because

00:13:24.240 they're exempt from forfeiture oh interesting so why would they then play silly with this in the

00:13:31.840 budget document well it's a rule for me and a rule for thee ah right but like as an as an individual

00:13:37.120 if you go to the bank and you say i have a million dollar pension therefore give me a mortgage

00:13:41.440 the bank that's it as a one dollar value because in the event that you cannot pay your loan we can't

00:13:47.200 take your we can't take your pension but the government is going to list it anyway because it's

00:13:52.160 the government yeah that's even worse than i was expecting you to say well this is great um who wants

00:13:58.320 to chat about the industrial carbon tax um now i looked through this thing now the budget is based on

00:14:05.840 my reader it's 100 and 498 pages long i couldn't find the dollar value yet yet attached to carney's

00:14:14.240 stupid big hidden industrial carbon tax but it's in there he can yeah i have i have a few things on it

00:14:19.840 christ so yeah the existing rate of the industrial carbon tax is 80 dollars per ton which will rise to

00:14:25.600 170 dollars per ton by 2030 but the the increases that because it's set to increase subsequently until

00:14:32.880 2050 those were not listed but one thing before i get into the numbers on the industrial carbon tax

00:14:37.680 there's something i need to highlight so oh and this is much thanks to you chris and and the uh

00:14:43.840 advocacy work that the ctf has done but of course the liberals are now acting as if the carbon tax the

00:14:50.000 consumer carbon tax is the worst thing ever and they hated it all along and they didn't push it and

00:14:53.680 they didn't spread misinformation about it about eight out of ten people and i could go on but yeah there's

00:14:59.120 just so much virtue signaling about the carbon tax in the budget in my opinion they literally said in

00:15:04.000 their table lines they had the header uh divisive consumer carbon tax like it's ridiculous they

00:15:10.560 literally put divisive in in the fiscal calculations they're they're so they're acting as if all the

00:15:15.680 consumer carbon tax is most divisive worst thing ever but here we are we're just gonna swap that

00:15:20.720 number over to the industrial carbon tax which you can't see anymore and now it's a complete secret

00:15:24.880 and oh uh we're just gonna act like yeah but the consumer carbon tax is is irrelevant because i

00:15:30.080 mean it's just insane uh but uh to to to get more into the industrial carbon tax it it does get a bit

00:15:36.240 more concerning because uh as you well know chris some provinces uh kind of handle this on themselves

00:15:42.640 for example in alberta they have the tier system which is how they handle um industrial carbon tax pricing

00:15:49.040 but uh what the liberals said in the budget was they're essentially going to up up their power from what i

00:15:54.640 understand so that they can force the federal carbon backstop on provinces if they fall short

00:15:59.680 in the liberals's eyes so we've seen this in saskatchewan too where they try and go against

00:16:04.080 the carbon tax but i i guess if these provinces uh in the liberals's eyes fall short of the federal

00:16:09.760 standards of the industrial carbon tax they're going to be able to force it onto the provinces so we might

00:16:14.400 see some uh legal battles over jurisdictional uh power i guess i i don't know exactly what's gonna

00:16:22.560 come from this but yeah i mean yeah so it's just virtue signaling in my eyes because they're acting

00:16:28.640 as if the consumer carbon tax is the worst thing ever while they're going to double triple quadruple

00:16:32.400 who knows the the industrial carbon tax and obviously obviously even carney eventually admitted that this

00:16:38.240 cost will be passed down to a consumer i mean in my eyes a child could even comprehend that the

00:16:42.400 businesses are just going to absorb these costs what do you think oh uh to your point on the uh consumer

00:16:49.360 carbon tax which apparently yeah all of a sudden is the worst thing ever um a everybody needs to

00:16:55.760 read george orwell okay read all of his books because this is this is straight out of the news

00:17:01.200 speak duck speak you know dictionary it's disgusting i'm going to point something out here on the end on

00:17:07.120 the regular carbon tax the one that is gone right now so it's about 20 cents cheaper per liter for

00:17:12.240 gasoline typically at most gas stations so i was curious i'm like huh i wonder how because it's gone

00:17:18.480 now as of april how much did this liberal federal government take from canadians year by year in

00:17:26.240 the carbon tax how much there there is a number in the budget but the funny thing is that these

00:17:32.880 politicians are so fork-tongued that they hid the language of the consumer carbon tax revenue now in a

00:17:41.200 normal situation you would just list it carbon tax revenue to be fair in the bc provincial budget it's

00:17:47.920 just listed that way it's right there under the revenue column it's a line item you can see

00:17:52.640 exactly how much but i had to dig for this because i'm not kidding i'm going to read it directly off of

00:17:57.760 here this is what the federal liberal government called the annual tax take of the carbon tax quote

00:18:07.120 pollution pricing proceeds to be returned to canadians

00:18:10.720 i kid you not that is the line item label for the carbon tax this is what it wasn't even divisive

00:18:19.840 the the consumer carbon tax it was illogical because the government would say well we give

00:18:24.880 back nine times or we give back to nine out of ten canadians as i recall well then what would be the

00:18:30.480 point of collecting the tax in the first place like wealth redistribution alex plus the other thing is

00:18:37.120 like oh yeah it's it's communism it's not about the environment what was so funny legit okay i'm

00:18:44.000 sorry to go down my rabbit hole about the carbon tax but seriously when they first launched this

00:18:48.160 thing it's like oh it's going to reduce emissions well then it didn't and then it's like oh well you

00:18:53.680 know it's going to make people richer and it's like well obviously a tax can't make people richer

00:18:57.920 that's stupid it's going to change the weather sure and then it didn't and then they were finally

00:19:03.200 cooked right they knew they knew they were cooked and they're like well it's it's redistributing the

00:19:08.480 wealth it's like this is exactly what we said this was going to be at the start oh by the way this

00:19:13.360 is a gross number i hope everybody that's listening just sit down for a second since trudeau brought

00:19:19.040 in the carbon tax the feds took more than 45 billion from canadians in the carbon tax not touching

00:19:28.960 anything else that doesn't include the sales tax on top of it doesn't include the industrial that

00:19:33.520 single carbon tax 45 billion bucks isaac yeah and i just have to imagine that the actual cost

00:19:40.080 canadians is so much higher and it's never even possible to calculate this because you think of

00:19:45.120 let's say it's 20 cents a liter and that's the example you gave chris and people just think about

00:19:49.360 that at the gas station no every single thing you buy every single thing you buy uses gas at some

00:19:55.360 point in transportation obviously so that cost is absorbed by every single thing you buy so if that

00:20:01.280 number is 45 billion and you somehow extrapolated that like if you were some math genius and over

00:20:07.200 everything it has to be like trillions i mean it's insane this is the illogicality of it as well as

00:20:13.280 they said it returns more than it takes for nine out of ten canadians if that were true then on the

00:20:18.720 gross number wouldn't that incentivize canadians to pollute more you'd think let's go get rich

00:20:25.920 crack the carbon tax up to kajillion we'll all be millionaires crank the heat up so that we can get

00:20:30.640 some of that rich man money like that doesn't even make sense no i know it was so dumb and so illogical

00:20:36.800 and it lasted for so long it's infuriating remember remember when trudeau i can't help it screw it

00:20:43.760 remember when trudeau said that you should prioritize paying the carbon tax over feeding your kids

00:20:48.640 and paying rent yeah yeah i remember that he said that on a stage that he flew down to in brazil in

00:20:53.920 a jet okay i remember when he said that the only people truly feeling the effects and the cost of

00:20:59.280 the carbon tax were people in a big house with an indoor pool and three personal vehicles he's

00:21:05.760 describing himself there of course because he literally grew up at 24 sussex with an indoor pool

00:21:11.680 which was built by taxpayers when he was a child like the guy anyway so he's gone isn't that building

00:21:18.800 now too isn't what you say isn't that building derelict now like nobody yeah it's full of mice

00:21:24.000 overrun by rodents it's it's a it's a rodent hotel okay um yes i want to just ask you something quick

00:21:30.320 on that because uh obviously with all the advocacy work you guys did at the ctf on the on the consumer

00:21:35.600 carbon tax that i in my eyes that's a much more visible tax to consumers to average taxpayers to

00:21:41.360 canadians so it's uh it was easy let's say easy in that way to present that to canadians how much more

00:21:47.520 difficult is that going to be to do with the industrial carbon tax and the costs that actually

00:21:51.920 passed down to consumers that's a great question a short answer it is more difficult b we're still

00:21:58.400 going to do it so what we need right now is so franco isn't just a you know smart guy on tv um he

00:22:07.760 actually has his master's degree in economics like big time economics we've got some smart people that are

00:22:12.320 people that are working in our auto office who are working through those numbers but we also need

00:22:19.440 industry to speak up they cannot just sit back and let this happen to them okay we have got to have

00:22:29.120 fuel refiners we've got to have oil companies and gas companies we need to have steel and aluminum

00:22:34.640 companies we need to have fertilizer manufacturers have the courage to stand up out loud with their

00:22:41.040 face and say this is costing us this give us the numbers because for the longest time i hope i'm not

00:22:49.360 telling tales at a school for the longest time around the late teens early 20s even the trucking industry

00:22:57.360 i don't know why they were scared to point out how much they were getting screwed by the carbon tax on

00:23:03.920 diesel diesel diesel which runs everything and moves everything in canada and i don't know why that

00:23:10.000 they they didn't want to speak up but we have got to put that behind us um pierre polyev leader of the

00:23:15.120 conservatives in the opposition he wrote an outstanding article for the national post it feels like it's

00:23:21.200 about a year old now give or take it's basically where he said we don't need lobbyists having lunch in

00:23:28.560 ottawa we need companies corporations and advocacy groups giving us numbers and fighting like hell for

00:23:36.320 their people i don't care if you want to have cocktail weenies with the minister nobody should

00:23:42.000 care about that you should care about what government is doing to you and how much it is costing you and

00:23:48.160 to their credit to their immense credit the pipe workers out of hamilton they said so during the

00:23:54.960 election they said carney's industrial carbon tax would quote decimate their industry so much so that

00:24:03.600 they backed the blue team and as a labor union that's the first time i can remember seeing that in my life

00:24:09.200 so that was a big that's a great question isaac the short answer is it's much more difficult the

00:24:14.800 longer answer is we're still going to find it and lastly and i hate pointing this out because job losses

00:24:22.800 matter like those are kids as christmases like i don't want to get choked up but i've been in that

00:24:28.800 situation before as a kid um especially in the oil patch so we'll ultimately see it when we see companies

00:24:37.840 and industries leave because the united states does not have a national carbon tax it has no industrial

00:24:45.360 carbon tax even barack obama turned his back on having a national carbon tax so ultimately

00:24:52.640 that's where the cost is really going to be obvious it's when they pack up and go south yeah that's

00:24:58.000 a good point chris i was talking to finance minister nate horner in alberta at the legislature in a scrum

00:25:02.640 when i was there and i asked him that very question i said what is this industrial carbon tax going to do

00:25:06.800 for the energy industry energy industry in alberta and he said of course it'll it'll decimate it because

00:25:11.840 the companies are going to move to the usa where that tax doesn't exist obviously and we've already seen

00:25:17.600 companies depart without the industrial carbon tax going up so it's it's i mean yeah yeah we need to

00:25:24.160 if i can just appeal directly to minister horner um hopefully he's watching or his staff is get rid

00:25:30.320 rid of alberta's industrial carbon tax i know the logic of like oh well the oil executive muckity

00:25:37.680 muck say that this is you know the square root of the hypotenuse and we need it for our end to stop

00:25:42.720 stop no all you're doing by having a provincial industrial carbon tax in alberta especially when

00:25:49.840 saskatchewan doesn't have one is giving permission for one it's all you're doing it's all you're doing

00:25:56.400 you're opening that door so the orc can stick his foot in it and drive it open okay like they have got

00:26:03.120 to bite the bullet and get rid of alberta's industrial carbon tax i know they try to say oh it's

00:26:08.240 closed off and it doesn't cost money that's all noise okay they need to get rid of it especially

00:26:13.840 for the principal's sake if you've got scott mo next door in alberta and sorry in saskatchewan

00:26:19.040 declaring the rectangle place is a carbon tax-free zone and alberta's standing here with our own

00:26:24.560 provincial carbon tax that's giving a license to those taxers okay they they gotta get rid of that

00:26:30.960 thing alex you wanted to jump in there i saw you no i mean i i think that the issue here too is is

00:26:36.320 that once you create a tax you're creating an income stream it's very difficult to get rid of it

00:26:41.280 right because you need that income if you're not getting it from pot a you have to get it from pot b

00:26:47.200 and i think that is that one of the issues going on here with why we have to carry the 76 billion

00:26:51.840 dollar deficit is is it that we're missing out on tax revenues that we are getting from the consumer

00:26:56.560 carbon tax or i mean this is a little outside my beat i don't know the line for that it was in the

00:27:04.080 budget it was 4.2 billion that was foregone from the consumer carbon tax so that hardly is a

00:27:08.720 contributor i mean it's 78 billion dollar deficit you can't yeah it's 4 billion it's a pretty small

00:27:13.360 40 000 million dollars but yeah no but comparatively to the whole it's like yeah five percent um so to

00:27:20.640 your point and that's a good question alex um to your point straight up the feds have a spending

00:27:26.960 problem they don't have a tax revenue income stream problem they're spending too much money on too

00:27:33.840 many things that should be outside their wheelhouse exactly what you were describing alex um they

00:27:40.080 should be in charge of national defense borders and not that much else okay some regulatory systems

00:27:47.120 i feel like i feel like that's a really great segue to our next story yeah let's give her because isaac

00:27:52.640 did a great story i believe isaac you are the author on this one if i'm not mistaken and it it's amazing

00:27:59.360 that the government is spending more money on this gun confiscation program than they are

00:28:03.440 on the border yeah so yeah speaking of border security the liberal government in the budget

00:28:09.520 will spend more on its firearm buyback program next year than on nato operations and border

00:28:15.120 enforcement combined i should specify this is just next year uh not not the subsequent years but i mean

00:28:20.720 this is insane because well i'll go through the numbers first so the budget lines yeah they're gonna

00:28:26.800 spend 364 million dollars on the firearm buyback in 2025 26 compared to 253 million dollars combined

00:28:34.720 for nato operations and border security but this makes absolutely no sense because yeah the liberals

00:28:40.960 just extended the firearm amnesty to october uh 2026 so what are they spending the money on because

00:28:47.840 the guns aren't prohibited because the amnesty was extended so it doesn't really make any sense at all

00:28:52.960 and i had a a lengthy conversation with uh tracy wilson uh the vice president of public relations for the

00:29:00.560 canadian coalition for firearms rights and i mean there's so many quotes of hers i could highlight but

00:29:05.040 i i mean because we we yeah i mean look in short the the liberals are again again virtue signaling here

00:29:12.960 more or less because this does nothing to affect crime we know in in almost every scenario when we've

00:29:18.320 heard from police organizations the 90 plus percentile of guns almost 100 almost 100 of guns

00:29:23.920 that are being used in crimes are smuggled from the us it's not these firearms that are le that are

00:29:29.680 currently legally owned by by canadians and they're not assault rifle firearms i mean let's let's get that

00:29:36.800 right on the table they are not assault assault rifle they're not assault rifles despite the fact

00:29:42.400 that even in the budget it says banning assault style firearms or whatever it says it says that

00:29:46.400 they're assault style it's not true these are essentially hunting rifles i mean people use

00:29:50.640 them for sport shooting uh rod giltaka of the ccfr he said that time and again that these are not

00:29:56.000 assault rifles despite what the liberals keep saying and then we i mean there's just so much background

00:30:00.960 on this story now we of course know uh public safety minister gary nanda sangri he said numerous

00:30:06.160 insane things about this policy firstly that it was always voluntary uh which makes no sense because if

00:30:11.600 they end the amnesty you are but you are by definition a criminal under the criminal code

00:30:17.200 you for possessing a an illegal firearm which i think would face you five years in jail so uh

00:30:23.120 definitely not voluntary in that sense if they end the amnesty uh also i i don't really know what

00:30:27.600 that means but i mean and then we had the leaked audio of nanda sangri when he was talking to his

00:30:31.520 tenant there there was so much in there too but a few things he he said he said it was to appease quebec

00:30:37.040 he said if he could do it over again he'd do it completely differently i mean this is ridiculous

00:30:40.720 and and they're keep going down with this that's one thing that wilson said she said

00:30:44.880 look they had a chance in this budget to get rid of this divisive trudeau era policy and they

00:30:49.600 decided not to i mean so who made that decision and why it makes absolutely no sense uh well i'll

00:30:55.280 read you this quote from her she said quote at a time of global instability and conflict and criticism

00:31:00.880 of our military strength carney's liberals choose to instead focus taxpayers resources and

00:31:06.240 generational debt on the pursuit of ideological policy that focuses entirely on canada's safest

00:31:12.160 citizens the whole world is watching this embarrassment unfold while sending a message

00:31:16.320 to other nations that we are not a serious country and i mean there is really no other way to say this

00:31:20.640 this is absolutely embarrassing i mean this isn't protecting anyone you're attacking legal owners i

00:31:26.240 mean and if you actually go on x and look at what people are really saying about this it goes much

00:31:30.560 further because what does an authoritarian government really want to do disarm its citizens so they can't

00:31:35.280 fight back i mean i could go i could go i could go on but yeah this budget line uh was interesting

00:31:41.200 because i i didn't see any other media cover it but of course i'm i'm pretty close with the ccfr and

00:31:45.920 wilson they're they're good contacts so i was all i was all over it and i think this is definitely an

00:31:50.880 important story that needs to be shared more than it has been so far one other thing i'll mention uh on

00:31:56.160 this fire on buyback because of course it's provincial jurisdiction we're seeing all the provinces

00:32:00.160 saying they're not going to do it so what again what are you spending the money on alberta ontario nova

00:32:04.480 scotia new brunswick they have all refused to participate uh wilson said yukon's going to join

00:32:08.960 them now because they just had their uh election there and then we've seen provincial police forces

00:32:13.040 to ontario provincial police force nova scotia provincial police force they're saying we're not

00:32:16.480 doing this and and the feds what are they going to do send the rcmp to do it i mean it's absolutely

00:32:21.360 ridiculous yeah it's a huge waste of money i will also point out that when we talk to uh police

00:32:27.600 associations like the unions that head up the cops who are on the front line they always say this is

00:32:33.360 going to kind of do jack for public safety like we are not you know besieged by hunters and sports

00:32:40.080 shooters in downtown toronto using their legal rifles like this is dumb to even suggest that

00:32:46.560 um and they said basically our issue is smuggled illegal handguns coming from the united states

00:32:54.000 being used by gangbangers being used by criminals so this entire thing it's so similar to the long gun

00:33:01.520 registry that happened back in the 1990s when then again a past liberal government okay i remember

00:33:07.920 minister allen rock talking about it oh it's only going to cost two million dollars of them

00:33:13.440 by the time it was done it was two billion dollars with a b and people were no safer and again it was

00:33:19.040 just going after like duck hunters and ranchers i'm a firearms owner myself and i have to stress to the

00:33:25.200 the rare people who are listening to this who don't understand legal law-abiding licensed firearms

00:33:30.560 ownership in canada you have to jump through a lot of hoops to get your license to own a life a

00:33:36.640 firearm and to purchase ammunition like they call your exes like you you have to go through a special

00:33:43.600 program usually with a retired rcmp or military guy and you have to pass it with flying colors you

00:33:48.960 always have background checks done you have to store your firearm very safely to move it you have to

00:33:54.880 move it in a certain way even storing your ammo requires special kind of things um i will also

00:34:00.160 point out that again it's not the legal law-abiding firearms owners that are the problem the stats show

00:34:08.160 it is the illegal handguns in the hands of criminals who are out on the street and not in jail according to

00:34:16.720 police that is causing the problem here so it's just going to be a huge waste of money like an enormous

00:34:22.720 you know how i described it as a dumpster fire with the budget that's a really good point isaac i'm

00:34:26.960 thank thank you for focusing on the firearms thing just throw more money on the dumpster fire that's

00:34:32.400 what they're doing yeah chris one more thing i wanted to ask that i forgot to mention because

00:34:36.480 of course the ctf was offering free legal support to firearm owners in cape breton because despite

00:34:42.240 everything i just said despite the amnesty being extended the liberals still piloted this in cape breton

00:34:47.520 which doesn't even make sense again because the amnesty was extended so these people had absolutely

00:34:51.760 no uh obligation to hand over their firearms so i guess the cops just expected them to bring their

00:34:58.000 guns to like what was happening in cape breton it makes no sense to me at all yeah well they did that

00:35:02.960 um because a that's where they they perceive their liberal political stronghold to be is atlantic canada

00:35:10.240 but what i found interesting as i under i have a lot of family in the maritimes um if you don't bother

00:35:18.080 showing up there in person that does not go over well and they made their little announcement from an

00:35:24.000 office in ottawa they didn't have the decency to actually go to cape breton when they announced this

00:35:29.280 pilot program which definitely did not sit well with the locals talk about come from away how about

00:35:35.520 your imposing law from away like that didn't go over well we had a big rally there with the taxpayers

00:35:41.040 federation and tracy and the whole gang and hundreds of people turned out on a tiny little island of

00:35:46.000 cape breton so this fight isn't over but thank you so much for highlighting the cost of that um alex did

00:35:52.160 you want to move on to the the rogan comments here oh sure yeah this is a fun one um so joe rogan i think

00:36:01.840 i'm surprised that he's paying this much attention to canadian politics frankly i was in the united

00:36:06.480 states like a couple of months ago i was in las vegas and i asked people like hey what do you think

00:36:10.880 about what's going on with canada right now and most people said to me what is canada

00:36:16.800 so so i'm always amazed anytime an american has any opinion at all on what's going on it always kind of

00:36:22.240 like makes me warm and fuzzy and um i don't know if jeff can pull up the clip here all we did was

00:36:28.800 differ with them economically and trump tried to turn him into a state he said i called him governor

00:36:35.120 trudeau first i was just joking then a lot of people told me it was a good idea yeah i think

00:36:41.120 that single-handedly ruined canada yeah that idea i mean that's the the republican party or their version

00:36:48.080 of the the conservative party they were on the way out they were yeah and all of a sudden the whole

00:36:52.400 whole country united because trump's trying to turn him into a state polio has got to be angry

00:36:57.120 about that shit man it used to be so mad it was logical and reasonable and everybody's like let's

00:37:02.640 try that for a while do you know what that was the ultimate cock block yeah right do you know what

00:37:07.360 i mean you're in the bar it's about to happen with the girl it's going down it's going down you're

00:37:12.160 like oh i'm so gonna be back yeah i'm so gonna get laid trump pops up whispers something in her

00:37:17.920 and all of a sudden it's over alex i'm gonna take a really contrarian opinion on this one

00:37:26.560 i don't speak bar bro so i'll uh i'll leave it to you gents to try to translate that i'm gonna take

00:37:32.720 i'm gonna take a very contrarian opinion on this one in terms of the small c conservative crowd and

00:37:37.120 i'm curious to hear how you react to it i i know that i'm monday morning quarterbacking here

00:37:42.960 but in hindsight i think that joe rogan is so correct in that assessment that one of the failures

00:37:48.880 of the polyev campaign let me rephrase this one of the great brilliant successes of the carny

00:37:55.200 campaign is that they didn't run against polyev they ran against trump trump's approval rating

00:38:01.200 according to um i can't remember who the pollster was but it came out in april right around the

00:38:05.600 election his approval rating in canada was 15 percent so if you run against trump you are running

00:38:12.800 against the least popular politician in canada and i think that one of polyev's failings was running

00:38:18.640 against carny rather than running against trump and when when trump said i would prefer carny to be

00:38:24.000 prime minister in my opinion that was the kill shot polyev should have ran that in every single ad

00:38:31.520 campaign for the entire election cycle because in canada unfortunately if you want to win an election

00:38:37.760 it's all about tricking the low information senior voter and and making them scared and if he had said

00:38:46.000 that a vote for mark carney is a vote for donald trump i think he would have won the election

00:38:51.280 he did yeah that's that's more that's what he said even though that he did though um in fact that's why

00:38:56.640 trump said that because he knew that he'd stepped in it and um politically speaking and that's why

00:39:03.360 trump then tried to stuff the toothpaste back in the tube and say actually i like carney i want him

00:39:07.840 to win and it just i think by then it was too late um they did clip that like i saw those ads all over

00:39:13.680 that maybe you wouldn't have seen it in bc but i was seeing it um whenever i was up in calgary it was

00:39:18.320 like flooding my uh my phone but inter i didn't see it in lethbridge when i was at home but whenever i was

00:39:23.920 close to like downtown edmonton or calgary it would my because it picks up where you are and i did

00:39:28.880 see those ads but i think it was kind of cooked where um pierre paulia did hold that kind of canada

00:39:36.720 first rally thing remember that it was in ottawa he had all the flags and everything yeah but it was

00:39:41.920 it was canada first as opposed to anti-trump right right like that that's a different thing entirely

00:39:47.600 and in ontario and quebec people like i was in montreal during the debates and i was in every

00:39:52.400 example and everybody said their biggest issue one guy told me my number one two and three issue

00:39:58.160 is donald trump right and and look i know that that's ridiculous and i know that the right-wing

00:40:05.760 crowd on x and i consider myself to be right of center myself so i'm not like denigrating right-wing

00:40:10.720 people or anything but a lot of them said they got very upset when paulia criticized trump

00:40:16.080 who cares at the end of the day politics is about getting the votes that you don't have

00:40:21.440 it's not about making the votes you already have extra happy and it does matter for turnout though

00:40:27.680 right so you don't want them a staying home or you don't want to moralize your base either

00:40:33.280 right right so that i will i've been in campaigns before um both covering them as journalists and

00:40:39.520 working um that was a rough campaign uh they they were in they had to like they had like fishing line

00:40:47.360 that they had to walk along during that mess um i often wonder what would have happened if trump had

00:40:53.760 just not said anything i don't know most of the really pro-trump and conservative adjacent crowd

00:41:02.640 is in alberta and saskatchewan and in places where paulia already has the votes so to me like in terms

00:41:08.880 of a political calculus thing it would have made more sense to have aimed his target at trump versus

00:41:14.240 carney because what what's the worst thing that could happen you can only lose five percent of

00:41:17.520 the popular vote in alberta or saskatchewan where you're going to pick up most of the seats anyway

00:41:21.600 but then you'll pick up a lot of votes in ontario and quebec where you didn't already have them

00:41:25.760 again i know i'm monday morning quarterback and it's 2020 but that's just if i could go back and

00:41:31.680 change things for the polyeth campaign maybe that would be something you're gonna bring me around

00:41:35.280 you're gonna bring me around on math man and that was some pretty good math that you're doing

00:41:38.960 um isaac i wanted to get your thoughts on it um i do find it interesting that uh the right-wing

00:41:46.240 commentariat uh deigns to notice canada especially with what's going on in the states right now sorry

00:41:53.360 but um that's kind of a mess uh on the right-wing commentary side of things um i guess what i'm

00:41:59.360 looking at from a taxpayer's perspective is the tariffs what's causing a lot of problems up here in

00:42:04.880 canada is that u.s president donald trump seems to change his mind on tariffs like they're in

00:42:10.000 the middle of a court fight over tariffs all the time and it just a costs us a ton of money

00:42:15.200 because tariffs are just trade taxes that's 100 that's what they are to the uncertainty that they

00:42:22.080 cause like it means that investors like people with money overseas don't want to leave their wallet

00:42:29.200 here on our park bench because they don't know what's going to happen tomorrow morning they have to

00:42:33.520 open up x and check it out and if i can piggyback off of that point chris on the tariff specifically

00:42:38.800 so a lot of people criticize pauliev for not going on the joe rogan podcast and the gentleman we're

00:42:43.200 talking about right now because they said it would have made him look trump adjacent and i think that

00:42:47.280 those those theories are actually valid but what he could have done because there are so many people

00:42:52.160 that just hate trump right so anything that he does that's trump adjacent is going to lose him votes

00:42:56.960 but what he could have done alternatively again in hindsight is he could have gone on the joe rogan

00:43:01.520 podcast and explained to joe rogan like he was five years old how tariffs are taxes and how tariffs are

00:43:06.800 done and because that's one of pauliev's greatest skills is it is diluting complex economic concepts

00:43:13.520 and explaining it to you like you're a kid and if he had done that he would have been a hero on the left

00:43:19.600 because he would have slayed one of the left's dragons that being either joe rogan or donald trump

00:43:24.880 and and he again you have to get the votes that you don't already have and there were so many

00:43:28.560 disaffected ndp voters that he didn't reach out to and that i think was a huge missed opportunity

00:43:34.320 he got them on the labor side but he didn't get them on that side yeah exactly go ahead isaac yeah

00:43:39.760 a few things i'll say first of all with the tariffs i mean people acting surprised as if this is uh some

00:43:46.320 not novelty concept i speaking of joe rogan i listened to trump's interview with joe rogan before

00:43:51.840 but before the canadian election and or before even the american election i think he was super pro

00:43:56.880 tariffs he was presenting himself as a pro-tariffs president i mean this is like an hour-long press

00:44:01.520 conference about tariffs he's a tariff guy he loves he's in all of his books okay like nobody's allowed

00:44:06.480 to be surprised by this like it's literally his original book and then another point just to carry

00:44:11.600 off the surprising aspect and this is my biggest concern my absolutely biggest concern especially

00:44:16.560 largely uh let's say due in fact to the media landscape in canada and that being that it's mostly

00:44:22.320 government subsidized media so they more or less walk toe and toe with the government but aside

00:44:27.520 from that propaganda uh i'm i'm yeah propaganda yeah i'm just i'm very very concerned that the

00:44:33.360 people who voted for carney don't realize how much of a failure and essentially how much of a liar he has

00:44:37.440 been because he was he presented himself as you said alex completely anti-trump but he's been the exact

00:44:42.800 opposite of every single day in office he's more or less trump's best friend he absolutely loves and

00:44:47.600 adores trump every single interview we we say with him all he's doing is spending the whole time

00:44:52.480 complimenting trump you're the best blah blah blah i mean it's embarrassing it's actually embarrassing

00:44:56.560 even from like outside of this it's outside of this uh situation that we're in with with carney and how

00:45:02.400 he presented himself even if that were if this was just a normal uh thing and we weren't uh in an

00:45:07.680 economic war with the us it would still be embarrassing to be that goo goo gaga over your your

00:45:14.400 counterpart in the us i mean it it so my biggest concern is that the liberal voters don't realize

00:45:19.760 they've been duped the issue is results so if carney were trying to uh placate because okay if you want

00:45:27.200 to win friends and influence people okay and network don't stomp on their foot and spit in their face it's

00:45:32.560 just not a smart thing to do if you're trying to network with people in particular a trading partner

00:45:37.920 with whom you do three billion dollars worth of trade per day yeah i can understand making sure

00:45:44.800 you use soft soap okay premier daniel smith did that to very good effect which is why we've got

00:45:49.680 a much smaller tariff on our energy however where's the result like where is the trade agreement between

00:45:58.320 canada the united states which would save taxpayers money the ones i care about are in canada but by the

00:46:04.480 way it would also save the average working american a heck of a lot of money because it would quell this

00:46:09.360 uncertainty okay where's that trade deal now if trump had gone scorched earth with every other country

00:46:16.000 and he hadn't signed any trade deals at all and blah blah blah blah i could understand the argument of

00:46:20.880 well he's just unreasonable we're just gonna have to wait this out but that's not happening he has signed

00:46:27.760 trade deals with a ton of other countries other than us so where's he kind of has to now

00:46:34.960 i mean that's the that's the problem with the us but even before this was happening he's been

00:46:39.680 making deals all along month by month so where's ours like as far as like the personal politics and

00:46:44.800 goes whatever that's a means to an end our end right now is we don't have a renegotiated deal

00:46:51.520 and this is literally their job we're paying the prime minister around four hundred thousand dollars

00:46:57.200 per year salary we're paying bureaucrats whose names you don't know that are within the department of

00:47:03.360 trade and foreign affairs hundreds of thousands of dollars a year each each they're supposed to be

00:47:09.040 the pointy heads with the pocket protectors who know all this stuff who do all this schmoozing who

00:47:13.760 do all this negotiation where's the result where's the result for taxpayers sorry i could rant all day

00:47:19.360 but i think that's good anybody else want to do any more housekeeping here

00:47:26.000 we're good no that was a very agreeable conversation except for the whole star wars bullying thing which

00:47:33.920 i'll get back to later okay great folks thank you so much for watching this be sure to like this video

00:47:39.520 on youtube okay be sure to go on over and subscribe to juno news which of course is part of true north

00:47:46.000 wire that's when you're going to get coverage like this that is not funded by the media and i meant

00:47:51.360 that when i said it okay we should not have government funded media because it doesn't matter

00:47:57.120 if it were don cherry reading you the news okay if the government's funding it it's propaganda okay so

00:48:03.200 it's super important to support independent journalism and independent media so head on over there and

00:48:08.960 subscribe and until next time remember this is all somehow off the record

00:48:17.680 they like that this is somehow here i am off the record on camera with my mic on okay fine

00:48:26.320 michael landsberg that was it does anybody oh yeah yeah i missed that those were four times

00:48:34.640 that was before the lockdown and before aliens took over the planet okay good it was a great

00:48:38.880 interview all right this has been good all right i need to jump on another video here guys thank you

00:48:44.240 so much for this

Juno News - November 08, 2025

Carney’s $78B deficit pushes debt to record highs

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