MARK CARNEY'S BUDGET： A $70 BILLION DISASTER
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Summary
It's Budget Day, and it's one of the most important days in Canada. Prime Minister Mark Carney is tabling his first ever federal budget, and MPs are debating it for the next two weeks, before voting on it on November 17th.
Transcript
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Today is November 4th, and it is one of my favorite holidays, Budget Day!
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Prime Minister Mark Carney is tabling his first ever federal budget.
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So for the next two weeks, MPs debate the budget, then on November 17th, they vote.
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Because the Liberals aren't a minority government, they need support from other parties to pass it.
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So, if most MPs vote against it, the government loses confidence, and that will trigger an election.
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Now, let's look at what's actually inside this budget.
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The government is presenting it as a mix of restraint and investment.
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But the numbers tell a completely different story.
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Ottawa still plans to run a $70 billion deficit.
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They're trying to sell that as fiscal responsibility by pointing to what they call
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That cuts 15% from most departments, while National Defense, the RCMP, and CBSA only
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On paper, this looks like restraint, but it's not because, remember, billions are still being spent
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on corporate subsidies tied to green transition projects, a $9 billion defense boost to reach
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NATO's 2% target, and larger budgets for agencies like the RCMP and CBSA, which were mostly spared
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from the cuts. On top of this, there is a complete lack of honesty where the budget avoids
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immigration. One of the country's biggest issues. They have no plan, no targets, and no transparency.
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So overall, the budget is deeply flawed and the liberals cannot claim they're cutting spending
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while borrowing this much money. Calling this restraint is a lie. Mark Carney built his
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entire career off this system. He is not some financial guru. He is a banker who made money
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from government subsidies. Brookfield Asset Management, the firm he ran, profits from
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taxpayer-funded green projects, grants, and bailouts. That's who's running Canada's economy
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now, a man who treats debt like profit because someone else always pays the bill. The Liberals
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keep calling all of this an investment, but an investment only makes sense if it creates a
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return. You buy a stock, you expect profit, you plant a seed, you expect growth. Most of these
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programs do not return anything to Canadians. They funnel money through multinational firms
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and consulting networks that live off government funding. The same insiders and corporations tie
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to people like Mark Carney. This is one of the reasons why inflation hasn't cooled. Every borrowed
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dollar dilutes the one you already have. When the government runs a deficit, it's spending more than
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it collects in taxes. So to cope, they borrow and print more money. And that extra money in the
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system causes inflation, which means every single dollar Canadians already have is automatically
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worth less. The deficit drives inflation, and inflation is a hidden tax. You feel it every
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time you buy groceries pay rent or fill up your car for now the facts are simple ottawa says it's
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being responsible the numbers say otherwise and canadians are the ones paying for it