Max Genest - MARK CARNEY'S BUDGET： A $70 BILLION DISASTER

00:00:00.000 Today is November 4th, and it is one of my favorite holidays, Budget Day!

00:00:04.860 It's one of the most important days in Canada.

00:00:07.380 Prime Minister Mark Carney is tabling his first ever federal budget.

00:00:11.460 So for the next two weeks, MPs debate the budget, then on November 17th, they vote.

00:00:16.080 Because the Liberals aren't a minority government, they need support from other parties to pass it.

00:00:21.300 So, if most MPs vote against it, the government loses confidence, and that will trigger an election.

00:00:27.760 Now, let's look at what's actually inside this budget.

00:00:30.580 The government is presenting it as a mix of restraint and investment.

00:00:33.920 But the numbers tell a completely different story.

00:00:36.640 Ottawa still plans to run a $70 billion deficit.

00:00:40.640 That's not discipline, that's complete chaos.

00:00:43.280 They're trying to sell that as fiscal responsibility by pointing to what they call

00:00:47.320 a comprehensive expenditure review.

00:00:49.960 That cuts 15% from most departments, while National Defense, the RCMP, and CBSA only

00:00:55.580 face about 2%.

00:00:56.280 On paper, this looks like restraint, but it's not because, remember, billions are still being spent

00:01:02.660 on corporate subsidies tied to green transition projects, a $9 billion defense boost to reach

00:01:08.120 NATO's 2% target, and larger budgets for agencies like the RCMP and CBSA, which were mostly spared

00:01:14.500 from the cuts. On top of this, there is a complete lack of honesty where the budget avoids

00:01:19.540 immigration. One of the country's biggest issues. They have no plan, no targets, and no transparency.

00:01:26.280 So overall, the budget is deeply flawed and the liberals cannot claim they're cutting spending

00:01:31.680 while borrowing this much money. Calling this restraint is a lie. Mark Carney built his

00:01:36.640 entire career off this system. He is not some financial guru. He is a banker who made money

00:01:42.580 from government subsidies. Brookfield Asset Management, the firm he ran, profits from

00:01:47.580 taxpayer-funded green projects, grants, and bailouts. That's who's running Canada's economy

00:01:52.620 now, a man who treats debt like profit because someone else always pays the bill. The Liberals

00:01:58.380 keep calling all of this an investment, but an investment only makes sense if it creates a

00:02:03.060 return. You buy a stock, you expect profit, you plant a seed, you expect growth. Most of these

00:02:08.600 programs do not return anything to Canadians. They funnel money through multinational firms

00:02:13.520 and consulting networks that live off government funding. The same insiders and corporations tie

00:02:18.780 to people like Mark Carney. This is one of the reasons why inflation hasn't cooled. Every borrowed

00:02:24.700 dollar dilutes the one you already have. When the government runs a deficit, it's spending more than

00:02:29.840 it collects in taxes. So to cope, they borrow and print more money. And that extra money in the

00:02:36.000 system causes inflation, which means every single dollar Canadians already have is automatically

00:02:41.300 worth less. The deficit drives inflation, and inflation is a hidden tax. You feel it every

00:02:47.400 time you buy groceries pay rent or fill up your car for now the facts are simple ottawa says it's

00:02:53.800 being responsible the numbers say otherwise and canadians are the ones paying for it

Max Genest - November 04, 2025