Generational Investments= GENERATIONAL DEBTS!! EP#386
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Summary
A Canadian veteran's point of view on political, social, and economic issues in Canada. The Krusty Canuck Podcast Episode 386: Generational Investments + Generational Debts = Generational Debt. The federal government is going to borrow billions more, and spend billions more. What are we getting into? A recession? Depression? All that and more coming up on the show.
Transcript
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A good evening, ladies and gentlemen, it's a beautiful 8th of November, 2025.
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Coming up to episode 386 of the Krusty Connect podcast.
00:00:09.820
Generational investments equals generational debts.
00:00:13.620
The past budget is a flop, but the people in power and in parliament voted for it again.
00:00:25.880
All that more coming up to the show, ladies and gentlemen.
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Listener of your discretion will be advised because we'll make funny faces, swear at our leaders, and of course, you know, just the usual from me.
00:00:54.120
From Western Canada, this is the Krusty Canuck podcast.
00:01:00.940
A Canadian veteran's point of view on political, social, economic issues, and life.
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The federal budget has been displayed and they voted on it twice so far.
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Hope you've all had a decent week, weekend, what have you.
00:01:24.660
If you like and hear what you see, click, like, subscribe, share this content all over your social media platforms.
00:01:32.140
Give me a thumbs up wherever you may find me, here on the tube, in Rumble, or anywhere else where you find podcasts.
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Just look for the Krusty Canuck podcast and you will find me.
00:01:40.760
And if you consider donating, please consider donating.
00:01:44.260
I was going over my bills today and I'm out of coin.
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Anyhow, ladies and gentlemen, like the title card said, you know, generational investments equals generational debts.
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Now, what I got out of the budget was basically just a lot of malarkey, a lot of bullshit.
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Like every other budget that's happened since the better part of 2015.
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Okay, the federal government is going to spend billions more.
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They're going to borrow billions more and spend billions more.
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You can go through every little fine detail that every economist or every expert, expert, likes to say when it comes to the money in this country.
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It's not helping your friends, your neighbors, your boyfriends, your girlfriends.
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Now, I'm a firm believer in funding our military.
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I'm a firm believer in social programs when people need them and when there's actual revenue out there to generate said programs.
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Now, they made mentions of cutting public sector jobs, but then miraculously, there's another 63,000 jobs that just come out of nowhere, which is more or less probably part-time and public sector jobs, which comes from the Canadian taxpayer.
00:03:04.340
It doesn't come from the magical money tree in Ottawa or the magical money tree in Quebec.
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Now, you've heard my rambling on about how the federal government is garnishing my wages because of poor tax decisions.
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I own some of that, but there's also a good gap in those years where I was unemployed.
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So, how can I pay so much tax for so many months when I wasn't employed?
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But anyhow, ladies and gentlemen, we don't understand how the tax code works because there's probably 3,600 pages in the Canadian tax code.
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I think there's more going to be added sometime in the near future.
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Depending how much more money the government needs from you and I.
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But this budget has promoted nothing but virtue, nothing but crap, nothing but garbage.
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Just another excuse to spend more and more and more.
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To spend, not to save because when you're supposed to budget, you're supposed to budget what you have on a daily or on a weekly or a bi-weekly or a monthly or a quarterly or a yearly basis.
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And what I got out of that budget was there was nothing really meant to be saved.
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Oh, we're going to help the LGBTQ plus alphabet people.
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We're going to put more money in infrastructure.
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We're going to put money in our military because they're going to buy the 12 new subs from South Korea.
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So, between now and 2035, we're going to have 12 submarines in the water.
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And whatever upgrades are going to have the military, too.
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But chances are they're probably going to claw back that and find some excuse not to fund our military.
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So, when I look at this budget, when I hear what they were talking about in regards to programs for this country,
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how they're going to invest, generational investments, the thing is, is that you're not investing.
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It's not up to the government to invest in things.
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It's up to the government standing the hell out of the way.
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They want to come to Canada and do business in Canada.
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But then again, we've got red tape issues in this country.
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I remember when they passed that, they talked about the gender parity and the gender impact when it came towards it.
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Because they were fearing for the lives of women when it comes to building things.
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But I had a chuckle because at the time I was working with two females at the feedlot that had welding qualifications.
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But, of course, the government always thinking ahead, thinking for our benefit and thinking how safe they're going to make us.
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How much richer because they're going to give us generational investment, which is going to turn in generational debts.
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Because my nieces and nephews are going to be paying for it and their children are going to be paying for it.
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And in regards, you know, just the buffoonery they have presented to us yet again.
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They all think we're stupid, ladies and gentlemen.
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Not to mention a couple of politicians that were rumored to cross the floor.
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Now, one crossed the floor that Michael Detremont, I think he was, out of Nova Scotia, you know, about a month ago was saying how the carny regime, how the carny mentality is going to make us go broke.
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There's footage about him out there saying that.
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He's sitting in the House of Parliament he had a cast on.
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Maybe they'll give him, you know, slap and tickle for his pickle.
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But, ladies and gentlemen, it's like every time we turn on the tube and we listen to our federal government, it's the same old shit again.
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You're taking our money and you're investing it here.
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And in this country, in that country, in this noble cause, in that noble cause, here's a noble cause.
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How about increasing the Canada pension and the OAS?
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And if you're going to cut public sector jobs, you cut right from the fucking top.
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That includes public union representatives, too.
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Yeah, you know who the guy, you know who you guys are.
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All these public union masters calling the shots and telling people what they should believe in.
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Like I've said before, ladies and gentlemen, you know, in order to save the milk, you really got to cut the cream.
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That way, everybody gets a piece of the glorious pie.
00:08:24.420
And follow Christy Canuck on Facebook, Twitter, Gap, Telegram, YouTube, and Podbean.
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The Krusty Canuck Podcast, ladies and gentlemen.
00:08:43.020
Generational investments equals generational debts.
00:08:51.120
Just a reminder, too, if you like and hear what you see, click like, subscribe, share this podcast.
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If you feel like donating, please, I consider, I would really, really.
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I could use a hand, but I'm not going to harp on that.
00:09:05.160
Links are in the description for you, ladies and gentlemen.
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I'm not asking for thousands of dollars, but every little bit helps.
00:09:11.760
If I could get at least maybe 100 of my subscribers, you know, at least 100 of my subs or even more,
00:09:18.180
maybe tossing five bucks a month, that would help me a big deal, too.
00:09:26.920
I've got a nice little monologue from Brian Lilley.
00:09:29.880
And I got a couple of segments from Northern Perspective, Ryan and Tanya's show.
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Check out Northern Perspective, ladies and gentlemen.
00:09:36.820
They're going to talk to Ryan Tetrisano, the director of the Canadian Taxpayers Federation.
00:09:41.280
And he's going to summarize as best he can the idiocy of our budget.
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So I'm just going to queue up the Brian Lilley thing here for you.
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And like I say, ladies and gentlemen, you guys decide, as always, you know, when I put these clips on,
00:09:54.680
I expect my audience just to think for yourselves and as we should, because mainstream media has done one hell of a rotten job in making things sensible.
00:10:06.940
I remember when he actually used to watch the news and it was actually kind of fun to watch the news, you know, just to see what was going on in the world.
00:10:13.880
But of course, they got too many assholes calling the shop.
00:10:16.560
But like I said, this is Brian Lilley talking about the floor crossing and his take on the budget.
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Hi, I'm Brian Lilley, political columnist for the Toronto Sun.
00:10:28.860
How bad are things going with the drama off Parliament Hill?
00:10:32.420
Well, so much so that people are falling for fake posts about fake MPs, fake crossing the floor.
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This all started because Chris Dantremal, the lone Conservative MP from Nova Scotia, decided to cross the floor and join the Liberals on Tuesday.
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He did this because he said he liked what the government was doing with the budget, even though it's exactly the opposite of what he called on them to do just a few weeks ago.
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But I digress. Then on Thursday, Matt Jenneru, a Conservative MP from Edmonton, who some say was speaking to PMO, announced that he's resigning to spend more time with his family.
00:11:05.260
When that resignation will take place, we're not quite sure.
00:11:08.540
So despite the fact that Mark Carney delivered a stinker of a budget this past week, all the focus is on the Conservatives and problems with them.
00:11:17.200
Yeah, let's focus on the opposition, not the guys in power that can actually change policy.
00:11:23.460
So up comes this post claiming that breaking Conservative MP from Nova Scotia, Randy Leahy, who represents the riding of Springvale J-Rock, is crossing the floor from the Conservatives to the Liberals.
00:11:38.380
They're like, wow, some were excited. Some were saying, I hope it's true.
00:11:41.300
Some said it was true. Look, proof, Pierre Polyev is in trouble.
00:11:44.680
Well, here's the problem. There is no Conservative MP from Nova Scotia called Randy Leahy.
00:11:53.240
This guy in the photo, that's Canadian actor Rob Webber, who played Ricky on Trailer Park Boys.
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And this whole post is filled with references to the Trailer Park Boys.
00:12:04.420
This is a joke, and people are falling for it because the feeding frenzy in Ottawa is out of control.
00:12:10.140
Meanwhile, as I said, we've got a stinker of a budget so bad that Fitch Rating Agency has put out a statement saying that if things don't improve, Canada will face a downgrade in the future.
00:12:22.880
While Canada's rating is broadly stable, persistent fiscal expansion and a rising debt burden have weakened its credit profile and could increase rating pressure over the medium term.
00:12:33.140
This may be exacerbated by persistent economic underperformance caused by tariff risks and structural challenges, including low productivity.
00:12:41.860
Look, I know that Trump and the tariffs and the trade uncertainty is hurting, but look at that key phrase there, persistent underperformance, persistent economic underperformance.
00:12:53.120
That doesn't come about because tariffs were introduced a few months ago.
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This has been years in the making, and it is our own fault.
00:13:00.260
It's our own bad policy choices that this government is not turning around.
00:13:06.940
What happens if our credit rating is downgraded?
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Well, we're borrowing $78.3 billion to fund the deficit this year.
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We've got a multi-trillion-dollar-plus debt already.
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Paying for all of that is going to become more expensive.
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We will pay higher interest rates on our borrowing, and that means less money available for government services.
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And I know that the Kearney government says that they will get spending under control next year.
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Well, it turns out I'm not the only one that doesn't believe them.
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The Canadian government has a track record of upward deficit revisions with subsequent budget updates consistently worse than prior projections.
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They keep saying, well, we'll have a $40 billion deficit or $42 billion, and then it's $78 billion.
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This is something that has happened consistently over the years.
00:14:03.500
Maybe we thought it was just Christy Freeland when she was Justin Trudeau's finance minister, and yet still happening with Mark Carney.
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And despite him saying that Justin Trudeau's annual spending growth of 8% was too much, well, his spending growth is 7.2% this year.
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Do you really think he's going to be able to bring that down?
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And this is a problem for Canada going forward.
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That's not for 10 years down the road or for the next 10 years.
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That's the big generational investment they're talking about.
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Put your feet up and give yourself a little slap and tickle for the government's pickle, eh?
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Hopefully, you might be eating soup or macaroni.
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All because these ass clowns want to keep borrowing and keep spending.
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Yet again to give away all these wonderful things.
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Now, they talk about the whole generational investment when it comes to the infrastructure
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When it comes to the investing in our resources to markets.
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And when you look at the social strife because of this government, and I know I go on too
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many times blaming the liberals and blaming this, but you want to know who's all responsible
00:16:03.660
Doesn't matter if it's, you know, an assistant who helps this MP or that MP.
00:16:18.380
We can't look after veterans and our seniors properly, but we can sure as hell hand money
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to people that come across the ocean or fly here and set up a good life.
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We can make excuses for child harmers who have material that's suggestive.
00:16:35.860
And our Supreme Court can say it's unconstitutional to put them in jail.
00:16:40.840
Yet they can't say it's unconstitutional for the federal government to lock up protesters fighting
00:16:49.040
You've got politicians in British Columbia that are complying to old land claims and old
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You've got politicians in all of our provinces that would sooner outsource materials to build
00:17:03.920
things for Canadians rather than put Canadians to work.
00:17:07.680
An example, as I mentioned in my last episode, Davey Eby talking about Team Canada sticking
00:17:16.200
And yet he wanted a billion dollars to buy ferries from China.
00:17:24.380
That's what happens when you get these quasi-socialists calling the shots.
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These utopians who think everything's going to be magical if you keep borrowing and borrowing
00:17:36.660
Did Maggie Thatcher say back in the 80s, the only problem with socialism is that you run
00:17:49.560
And after I paid my share of the bills, I've got squelch.
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I'll put gas in my tank, put a couple of groceries, a bit of groceries in my fridge.
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Keep me doing this wonderful podcast, ladies and gentlemen.
00:18:10.000
While those bastards in Ottawa sit around and have their cake and eat it too.
00:18:15.080
And while they're sitting there munching away at the cake and licking the icing off the
00:18:22.460
Stay updated and follow Krusty Canuck on Facebook, Twitter, Gap, Telegram, YouTube, and Podbean.
00:18:37.580
And you're back, ladies and gentlemen, to episode 386 of the Krusty Canuck podcast.
00:18:41.740
Generational investments and equals generational debts.
00:18:46.340
I'm your host, Krusty Canuck, ladies and gentlemen.
00:18:47.500
And if you like and just like and hear what you see, please click like, subscribe, share
00:18:55.080
And if you feel like donating, please consider donating today.
00:18:57.440
Links will be in the description as long as my, uh, the article there from Mr. Brian
00:19:02.940
And I'm going to play the article here on the article, the video part of the video for my
00:19:07.440
friend, uh, Ryan and Tanya, Northern Perspective with a talk to Ryan Tetrazzano from, uh,
00:19:16.960
I'm not gonna play the whole thing, but I'll leave this in the description for you, ladies
00:19:21.040
And, uh, you decide as always, every time I present other media here, it doesn't matter
00:19:25.340
if it's from my friends or people I've met or independent media or even mainstream media.
00:19:30.340
Always think for yourselves, ladies and gentlemen, when it comes to these individuals, you know,
00:19:36.680
when it comes to these individuals that put any story up, I'm not disenfranchising what
00:19:44.960
I've been a guest on their show a couple of times, uh, but you know, just really listen
00:19:49.160
to it and formulate your own opinion because a lot of these dinks in Ottawa, and like I
00:19:55.580
said, it doesn't matter what cut, uh, cloth or cut from everybody's got their own special
00:20:02.120
And when it comes to our image and Ottawa has tarnished our image for long enough.
00:20:11.600
So I'm sure Canadians across the country appreciate that insight.
00:20:16.960
So from what I understand, the main numbers that are rattling around in my brain are $141,
00:20:25.740
I'm sorry, $141 billion in additional spending, almost an $80 billion deficit, and our debt
00:20:34.480
servicing costs or our interest payments on our debt is now eclipsing that of the healthcare
00:20:41.340
So those are the, the, the numbers that stuck out to me.
00:20:44.300
And those are just draw jaw dropping because in, in the fall, the liberals were so embarrassed
00:20:51.480
to table a fall economic statement that showed a $62 billion deficit that they wouldn't even
00:21:02.980
And then we heard these whispers throughout the house of commons, um, on, on parlaview on,
00:21:08.800
on, on, on live broadcast of 62 billion, 62 billion.
00:21:18.720
And the liberals are standing up and applauding that.
00:21:20.940
So give us your sense of what's in the budget and what are Canadians to think?
00:21:28.760
Ryan, you actually picked out the numbers that you picked out are actually, I think really
00:21:38.140
And that's because spending is spiraling out of control.
00:21:40.840
And what's the major effect of that, both of that happening, more money being wasted
00:21:46.760
So those three numbers that you picked out, Ryan, I mean, fantastic job.
00:21:50.720
You weren't even in log up for three hours, but you came to the same conclusion that I
00:21:54.660
I mean, look, let me just kind of go over a couple of those things.
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I mean, the government is borrowing about $80 billion this year.
00:22:06.840
It's completely unacceptable that you have a deficit around $80 billion.
00:22:10.660
And now Ryan, I mean, I'm sure you saw the parliamentary budget officer's comments in
00:22:18.220
Well, he was saying words like unsustainable, stupefying, shocking, something is going to
00:22:23.580
And he was talking about a deficit of $68 billion, right?
00:22:27.620
That's what his report forecast about $10 billion less than the actual deficit this year.
00:22:32.220
Now, Ryan, I'll get into spending in a second here, but I want to hone in on interest charges.
00:22:39.100
$56 billion this year, more than a billion dollars every week, right?
00:22:46.820
Every single week because that money's going to the bond fund managers on Bay Street to
00:22:50.640
pay interest charges on the Carney government's debt.
00:22:54.740
The government is now wasting more money paying interest on the debt than when it sends to the
00:22:59.900
But let me put another little angle on it here.
00:23:02.860
Think about this the next time you're waiting in line at the checkout.
00:23:06.360
Every dollar that you are paying in federal sales tax this year is going to go to pay interest
00:23:15.700
Now let's just think about that because the whole point of the GST in its inception, wasn't
00:23:26.880
And you know what actually happened in the nineties that allowed the government to balance
00:23:31.660
the budget in three years, massive deficit in the, in, in the mid nineties.
00:23:35.220
And they ended up balancing it within three years.
00:23:37.520
They weren't able to actually balance the budget until they cut spending.
00:23:44.320
They're just going to find new pet projects to waste your money on, right?
00:23:53.320
The spending is the same always, and it's always spending.
00:23:56.660
And I think that's a great way to segue into this.
00:24:01.240
Everyone knows that the Trudeau government was a disaster when it came to out of control,
00:24:09.500
Even a liberal MP would have to acknowledge it.
00:24:11.420
I mean, they doubled the debt in a decade, right?
00:24:14.400
Well, this year, prime minister, Mark Carney, the financial guru, right?
00:24:19.520
The man with the economic plan, he is going to spend $581 billion this year.
00:24:25.680
That's $38 billion more than what the government spent last year.
00:24:32.700
Spending $38 billion more than what the Trudeau government spent last year.
00:24:39.300
Well, and this is the problem because I listened, didn't fall asleep.
00:24:46.620
I listened to Francois Philippe Champagne's speech as long as it was.
00:24:51.360
And all the sense that I kept getting is if you don't agree with our budget, then you don't
00:25:01.980
And I'll just leave, ladies and gentlemen, I will leave the link in the description for
00:25:12.500
You don't believe in Canada if you don't agree with this budget.
00:25:20.940
If you don't agree with us, then you'll believe in Canada.
00:25:25.980
Mr. Francois Philippe de Champagne, Frankie Bubbles.
00:25:54.140
It's hard at times, the way things are going, the way our justice system is working, the way
00:26:00.940
our taxation system is working, the way it's more relevant to watch some teenage bimbo on
00:26:08.580
Instagram shake her body parts rather than just to listen to a guy like myself or my other
00:26:13.060
friends online when it comes to pleading with people to smart the fuck up.
00:26:22.840
Yeah, we have some issues from this decade and from that decade and from this time frame.
00:26:32.600
But we're just going to waste more of your time.
00:26:36.240
Yeah, you pay us the big bucks to represent this nation.
00:26:39.680
And you pay us the big bucks to make sure these laws are good to go and we fight on your
00:26:44.460
behalf in Parliament no matter what side of the fence you're on.
00:26:48.080
But the only thing I'm seeing these clowns fight for is themselves.
00:26:52.000
They don't care about us, ladies and gentlemen.
00:27:03.380
To my fellow veterans out there, was your time in the service worth it?
00:27:08.460
I could just hear some boomers now going, well, my father served and my uncle served.
00:27:16.900
But you don't get to take their glory because you didn't put the guts in like they did.
00:27:23.260
And you sure as hell didn't put the guts in like I did.
00:27:26.000
Like my brothers did, like my sisters did during that dirty fucking war.
00:27:32.560
So maybe you guys better start thinking about that.
00:27:36.320
What sacrifices have to be made again for Ottawa?
00:27:45.360
What sacrifices are being made for those clowns in Ottawa?
00:28:10.860
I bet you're sitting, look at your power bill right now going, holy shit.
00:28:14.260
What have they done the past seven months since the federal election?
00:28:19.940
What great advances have come our way because of them?
00:28:35.440
I think you know what I mean before I blow a gasket, ladies and gentlemen.
00:28:39.200
Anyhow, it's been a while since I included some songs for this podcast.
00:28:42.940
I'm going to include three songs in this podcast.
00:28:45.860
For you guys to listen and download at your leisure, I've included Saxon's Princess of
00:28:58.140
There's a remastered version that they've done a few years back.
00:29:00.840
And you can find it online or find it anywhere you download music.
00:29:03.820
Or for the sake of it, go buy the CD or the LP.
00:29:23.900
And it wouldn't be complete if I didn't include a song from my favorite band of all time, Rush.
00:29:32.340
And I'm going to put the lyrical version up for you guys to watch at your own leisure.
00:29:37.460
And Neil Perrick was an excellent lyricist, an excellent writer, an avid reader.
00:29:50.000
And I have been Krusty Canuck on this beautiful 8th of November, 2025, ladies and gentlemen.
00:29:58.040
So on the 10th, I'm going to do a special episode there too.
00:30:01.000
Might be a later episode, but stay tuned for that.
00:30:04.120
And just reflect on my comrades, my time in the military and whatever else.
00:30:09.380
But like I say, ladies and gentlemen, do what you can.
00:30:14.120
And I know things don't seem to be, they don't seem to be in that great of a light.
00:30:27.700
Let's keep fighting for what's right for this country, for everybody in Canada, every Canadian.
00:30:32.500
All color, all creed, all shape and size, all identities, all genders, everybody.
00:30:38.160
Okay, ladies and gentlemen, we will overcome this manufactured darkness.
00:30:44.400
We will create the light to kill the manufactured darkness, ladies and gentlemen.
00:30:49.380
And like I always say, humanity and merit wins the day.
00:31:18.060
This has been another episode of the Krusty Canuck podcast.
00:31:24.480
From Western Canada, this is the Krusty Canuck podcast.
00:31:42.280
And listen, we'll come around this episode of the Krusty Canuck podcast.