The National Telegraph - Wyatt Claypool - May 10, 2025


Carney spends $33 Billion WITHOUT Parliament authorization


Episode Stats


Length

12 minutes

Words per minute

176.23831

Word count

2,187

Sentence count

138

Harmful content

Misogyny

3

sentences flagged

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Mark Carney has ordered the government to spend $33 billion more without parliamentary approval. Is this a fiscal moderate? Is this the end of the world as we know it, or is this the beginning of the next one?

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey guys, Wyatt Claypool here.
00:00:03.000 Remember way back during the federal election when Mark Carney was presenting himself as a fiscal moderate?
00:00:09.320 You might not remember. It was way, way back in the day, like last week.
00:00:14.100 He was doing that whole thing that we need to reduce spending but increase investment.
00:00:19.160 Well, I guess by increase investment, he just meant spend a lot of money the exact same way Prime Minister Justin Trudeau did.
00:00:26.440 But remember, the economic advisor to Justin Trudeau for the last five years of Justin Trudeau's time in office was Mark Carney.
00:00:35.720 So really, this isn't even Mark Carney emulating Trudeau.
00:00:39.200 It's Mark Carney emulating Mark Carney because obviously Mark Carney was making all the fiscal decisions for Trudeau from 2020 onward.
00:00:48.420 So Carney, in an order in council, which is basically a prime ministerial executive order, is going to spend $33 billion more without parliamentary oversight or authorization.
00:01:02.480 Usually what you do in Canada is you pass a big budget at the beginning of the year, and then that is your money to achieve your goals for the next year until you pass another budget in the following year.
00:01:13.540 What Mark Carney is doing here is basically, before passing his own budget, or going off of the previous liberal budget, he's just giving himself another $33 billion, saying that he can do it because we're in a crisis of some kind.
00:01:28.620 I'm going to get into the exact text of this order in council in just a second, but I just want to remind you guys, if you like my political coverage, make sure to like this video, subscribe to the channel, leave a comment on what you think about the situation.
00:01:41.080 I always do like seeing what people think. And now let's get into it. We will actually be reading the official text, so don't take my word for it. You can even look it up yourself. It's PC number 2025-0467.
00:01:54.940 It was released just back on the 2nd of May, so this was very, very soon after he became the prime minister, like he was elected prime minister again.
00:02:05.620 And he says, whereas the president of the Treasury Board reports that there is no appropriation for the payment of the sums set out in the schedule, amounting in the aggregate of $33,102,675,499.
00:02:23.420 And the appropriate ministers have reported that the payment of these sums is urgently required for the public good.
00:02:30.920 So we are being told that this does not need to go through parliament and get oversight by the various MPs and have authorization by parliament because it is urgently required.
00:02:44.080 And he says, and whereas parliament is not in session and there is no other appropriation under which the payment of these sums may be made.
00:02:52.260 Well, you could just call parliament into session right now and then pass it and then go back on to break.
00:02:59.960 He could do that. He doesn't want to do that.
00:03:02.600 But in this last sentence, before it translates over to the French, it says,
00:03:06.900 Therefore, Her Excellency, the governor general in council on the recommendation of the president of the Treasury Board under section 31 of the Financial Administration Act,
00:03:16.920 directs that a special warrant be prepared to be signed by the governor general authorizing the payment effective May 16th, 2025,
00:03:25.300 of the sum set out in the schedule amounting in the aggregate of $33,102,000,000, you know, and so on and so forth to be made out of the Consolidated Revenue Fund.
00:03:38.980 This is absolutely ridiculous.
00:03:41.680 The idea that this man is a fiscal moderate is stupid and people should have known it during the election.
00:03:47.600 One, again, the man was Trudeau's economic advisor.
00:03:52.500 He was the one who thought the HST-GST tax freeze was a good idea and had basically helped push Canada into a $62 billion deficit last year
00:04:02.880 that Chrystia Freeland basically resigned over it being so bad.
00:04:06.640 And then Chrystia Freeland, somehow still part of his government, is happy to go along with Mark Carney,
00:04:12.020 who is now going to consistently have deficits over $60 billion for the next four years.
00:04:18.440 You can't make it up, but don't worry.
00:04:21.160 He said we're going to spend less and invest more, which means that this is all perfectly above board spending.
00:04:26.920 What's in the spending bill?
00:04:28.960 What's in this?
00:04:29.760 Well, not bill.
00:04:30.440 What's in the spending order in council?
00:04:32.640 Oh, what is that?
00:04:33.660 $178 million to be allocated to, who is that in Orange?
00:04:40.960 The Canadian Broadcasting Corporation.
00:04:44.080 What?
00:04:46.240 Now, I could understand that in response to tariffs, you're going to maybe give out $100 million to specific industries
00:04:55.280 to make up for loss in revenue because of the tariff situation, all of the friction going on with trade.
00:05:01.300 It's not my approach, but fair enough.
00:05:04.780 You could consider that to be urgent enough.
00:05:07.140 You have to pass it right now.
00:05:09.080 I would say just cut their taxes, just cut corporate taxes, personal income taxes and all that,
00:05:13.780 and everything will be better automatically.
00:05:15.740 But if you want to go down the subsidy route, if you want to give out emergency funding, sure, you can do that in an order in council.
00:05:23.880 But you really think this $33 billion is mostly stuff that we need right now?
00:05:29.560 Or is it a giant omnibus pork barrel executive order that allows him to basically push out a bunch of money without getting any scrutiny from parliament?
00:05:39.400 And it's really difficult to scrutinize them after they've already spent it.
00:05:43.220 Yeah, you can maybe try and force them to answer questions in committee meetings that the NDP will allow it.
00:05:48.700 But it ends up just becoming questions in question period you can ask.
00:05:52.220 You can't really hold their feet to the fire as they're trying to push this through parliament,
00:05:55.820 and you can hold them up and make them ask questions.
00:05:58.220 You have to now do a bunch of hindsight work going after them for spending that's already gone by
00:06:04.280 that you don't think is responsible or justified.
00:06:07.360 And as we go through here, and again, I don't know why does the CBC need $178 million right now?
00:06:13.100 Make another crappy gem show with five washed-up comedians writing five bad jokes that we didn't need to hear?
00:06:20.060 What is this?
00:06:21.200 Canadian Dairy Commission got a bunch of money.
00:06:24.360 $636,000.
00:06:26.380 Canadian Institute of Health Research needed $97 million, apparently.
00:06:31.080 We have Canadian Nuclear Safety Commission needed $16 million.
00:06:35.540 Some of this stuff probably is fine.
00:06:37.640 Canadian Space Agency apparently needed $42 million.
00:06:41.440 You go through this, and it doesn't – I get it.
00:06:45.660 Employment and social development was given $5 billion, $500 million.
00:06:50.520 That one makes more sense.
00:06:51.980 You could say the trade war, the tariffs, the friction going on right now is causing some increased unemployment,
00:06:59.020 so we do need that ministry, that agency to have more money to be able to give people EI if they lost their jobs.
00:07:06.440 Okay, if that was what was in the order and counsel, I would have fewer problems with it.
00:07:13.280 Again, I would disagree with their approach, but I'd have fewer problems with it.
00:07:17.260 This is just jamming any spending you want through.
00:07:20.720 A lot of this, again, doesn't have anything to do with what's going on.
00:07:26.520 The National Film Board needed $9,900,000.
00:07:29.560 The National Capital Commission needed $21 million, apparently.
00:07:35.340 I'm just going through this.
00:07:36.640 The Parole Board of Canada needed $8 million, and maybe they do need $8 million, but why are we doing this in this way?
00:07:43.600 The Royal Canadian Mounted Police needed $1,500,000,000.
00:07:47.900 Maybe that one is justifiable based on us needing to secure the border.
00:07:52.220 I'm fine with that.
00:07:53.120 Fair enough.
00:07:53.560 If that was what the order and counsel was, that's okay.
00:07:56.960 But all of this is obviously not what we...
00:07:59.760 This is all obviously not needed.
00:08:04.060 I'm going through here, like, finding, like, Marine Atlantic Incorporated needed $14 million.
00:08:09.760 Library and Archives Canada needed $20 million.
00:08:12.640 Library and Parliament needed $7.5 million.
00:08:16.060 This...
00:08:16.700 No.
00:08:18.240 And the thing is that this is the pattern of how Mark Carney acts in office.
00:08:22.340 We're going to have a not very transparent and not very fiscally responsible government.
00:08:28.220 But because I guess he's standing up to Donald Trump, which he isn't really even doing, I guess he's a good prime minister in some people's eyes.
00:08:35.780 I'm actually going to try and make a video at some point soon here in the future going over all these people who are mad at the Conservatives for challenging vote counts in some of the really close ridings where they could flip it from liberal to conservative.
00:08:47.500 Liberal influencers are very mad at the Conservatives for doing that.
00:08:50.260 But then the Liberals trying to flip conservative ridings where the Conservatives are ahead narrowly to them, that is the epitome of democracy.
00:08:58.040 If the Liberals do it, it's okay.
00:08:59.720 If the Conservatives do it, it's not okay.
00:09:01.540 And guess what?
00:09:02.400 It's okay for both of them to be doing it.
00:09:04.520 If the Conservatives won a riding by only 70 votes, sure, the Liberals should challenge it and want to recount.
00:09:10.280 The Liberals only won a riding by 12 votes like in Terranova.
00:09:13.320 Absolutely, they should also challenge that.
00:09:15.860 That's an extremely tight margin.
00:09:17.660 One person making a mistake could have that flip from one side to the other.
00:09:22.020 But it's just the sort of double standards that we're dealing with in Canada right now, where if you are conservative and you do something, it's very bad.
00:09:29.800 And if you're a Liberal and you do something, it's, no, at least normal.
00:09:33.160 If Polyev got in and just started doing orders in council, you would have the Liberals screaming about it.
00:09:39.700 In fact, Carney attacked Polyev for wanting to use the Notwithstanding Clause to keep multiple murderers in prison.
00:09:45.880 So you don't get to serve all of your sentences for murdering 25 people all at once and only be in prison for 25 years.
00:09:52.960 You've got to serve them one after another consecutively because of how horrible your crime was.
00:09:58.920 Carney called that, like, authoritarian, or that was an irresponsible use of the Notwithstanding Clause, and that's not how our justice system is supposed to work.
00:10:09.440 Sorry, but is Parliament not supposed to be consulted when you're spending $33 billion?
00:10:16.420 Again, who's going to call them up for this?
00:10:18.020 I know there are some people who are going to call them up in the media, but it's not going to be any of the Liberal cheerleaders. 0.86
00:10:22.900 They're perfectly fine with it.
00:10:24.140 They are, in fact, cheerleading this.
00:10:25.800 But yeah, that's it for me today on this particular issue.
00:10:29.820 I will be back with more stuff in the future.
00:10:32.140 I also want to break down, I don't want to talk about the last election too much.
00:10:36.040 Obviously, you guys get tired of it, even probably before I do.
00:10:39.760 I could talk about elections in the past forever.
00:10:42.280 But I do want to talk about the people who are still going on and saying,
00:10:45.740 Polyev didn't win because he didn't go on Joe Rogan's podcast.
00:10:48.660 He didn't go on Patrick Bet-David.
00:10:50.060 Because there's a bunch of those guys out there still making that claim, and it's still wrong.
00:10:55.800 Like, you have Viva Fry saying, well, I said if Polyev didn't go on Rogan and he didn't go on PBD and all these other podcasts, he was going to lose.
00:11:04.500 And then Polyev loses his seat.
00:11:06.140 I was right.
00:11:06.720 It's like, no, you're not right.
00:11:08.140 You could just say that.
00:11:09.140 I think that Polyev is not going to win if he doesn't eat a pear on camera and diversify himself away from eating apples.
00:11:15.720 And then he doesn't win.
00:11:16.680 I'm like, see, he didn't do the pear video.
00:11:18.400 Ergo, he lost.
00:11:19.960 It's foolishness.
00:11:21.000 I hate stupid 2020 hindsight stuff like that.
00:11:24.300 You make a prediction that if he doesn't do this irrelevant thing, that would actually probably hurt him to do, and he'll lose.
00:11:30.620 And then he doesn't do that and he loses.
00:11:32.060 You're like, well, see, I was right.
00:11:33.520 I defined the election along these very arbitrary lines.
00:11:36.540 And because he lost, it proves that my stupid idea would have actually made him win.
00:11:41.760 Okay, I'm already almost half covering this issue at the end of this video.
00:11:44.580 But that is for another day for me to rant about later.
00:11:47.780 Anyway, so like this video.
00:11:49.680 Subscribe to the channel if you're not yet a subscriber.
00:11:51.320 Comment if you want.
00:11:52.960 I'm going to be linking this order in council below if you want to see it in detail.
00:11:57.500 I would love to see what specifically this is being spent on in each of these departments.
00:12:02.600 Because all we right now know is the department headings.
00:12:05.160 So CBC needed $178 million for some reason.
00:12:08.240 Again, we need five more seasons of five bad gem shows apparently. 0.98
00:12:12.420 Or Hollywood's going to destroy Canada. 0.93
00:12:15.380 Those evil Americans making their own films and not making subpar government subsidized content. 0.97
00:12:22.760 Whatever.
00:12:23.560 Anyways, see you guys later.